M&O restructuring needs safe harbour

New laws have made Singapore more attractive for companies looking to restructure, but can it become the jurisdiction of choice for Asian debt restructurings?

To compete effectively with established M&O restructuring hubs, Singapore needs to win over the sector's businesses, banks, funds, export credit agencies and advisers.
FILE PHOTO

THE maritime and offshore (M&O) sector has endured almost a decade of distress since the global financial crisis. Overzealous ordering of newbuild vessels during the boom years, made available by cheap credit and the lure of increasing global demand, has left many sectors of the maritime