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ACIC Private Notes June 2017
Welcome to the June 2017 issue of the ACIC Private Notes! For this month's newsletter, we decided to ease you all into summer with some original articles from our legal community. A special thanks to Jeff Dutson, from King & Spalding, for his article on the Financial Choice Act, something you may not have heard of yet but could have a significant future impact on investors. Thank you also to guest contributors Justin Yip and Thenuga Vijakumar from Morgan Lewis for their thoughtful article on amendments to the Companies Act and how they will impact restructurings in Singapore.
Our next edition will include updates on legal developments in Canada and Europe, so you will have lots of reading material for those summer vacations.
Though all eyes are on summer, it is never too early to mark your calendars for our fall ACIC conference, scheduled for October 19-20 at the Grand Hyatt in New York City. More details and registration to come! We can't wait to see what our ACIC leaders and staff come up with next! And if you have any suggestions for topics to be included in a future ACIC conference, please send an email to [email protected] - we're always looking for fresh ideas!
Financial Choice Act
Implications for Institutional Investors
On May 4, 2017, the House passed the Financial Choice Act, along party lines. The nearly 600-page bill includes numerous measures to repeal or roll back regulations impacting the United States financial system, but primarily targets Dodd-Frank. The law faces long odds to pass the Senate, but the bill or a modified version of the bill may pass.
Click here for more information.
Singapore Companies Act
On May 23, 2017, the Companies Act in Singapore was amended to make the country a more restructuring friendly forum. The amendments, which include various elements similar to U.S. chapter 11 proceedings, focus on four main areas of insolvency - schemes of arrangement, judicial management, winding up and cross-border insolvency. Click here for more information.
