Insolvency, Restructuring and Dissolution (Amendment) Bill

Debated in Parliament on 5 Oct 2020.

Summary written by AI (learn more)

The amendment aims to introduce temporary simplified procedures for compromises or arrangements with creditors and winding-up in response to the COVID-19 pandemic.
It grants the authority to exempt individuals from specific criteria related to insolvency practitioners' licences.
The bill was presented by the Second Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

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Full Transcript

"to amend the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) to provide for temporary measures in the form of simplified procedures relating to a compromise or an arrangement with creditors and winding up, and related matters, in view of the COVID-19 pandemic, and to provide for the power to exempt persons from certain criteria in relation to insolvency practitioners' licences",

presented by the Second Minister for Law (Mr Edwin Tong Chun Fai) read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.

Insolvency, Restructuring and Dissolution (Amendment) Bill | PAPERCUTS

Insolvency, Restructuring and Dissolution (Amendment) Bill

Debated in Parliament on 5 Oct 2020.

Summary written by AI (learn more)

The amendment aims to introduce temporary simplified procedures for compromises or arrangements with creditors and winding-up in response to the COVID-19 pandemic.
It grants the authority to exempt individuals from specific criteria related to insolvency practitioners' licences.
The bill was presented by the Second Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

presented by the Second Minister for Law (Mr Edwin Tong Chun Fai) read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.

Insolvency, Restructuring and Dissolution (Amendment) Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified

Insolvency, Restructuring and Dissolution (Amendment) Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified