Course Listing

Corporate Insolvency Law
Last Updated Date:   23 June 2021

8 Credits,  Semester 2

Course Description:
Insolvency law is relevant to virtually all aspects of commercial activity involving the provision of credit. This course will explore its key concepts in the context of a winding up - the moratorium, powers of recovery, the pari passu principle, the external manager, avoidance of transactions, proof of debts and set-off. We will then review receivership, judicial management and schemes of arrangement as alternative procedures to the liquidation of a company in a winding up. We conclude with a brief examination of informal debt restructurings. This course will be taught principally through seminars for which prior preparation and participation are required.

Cautionary note for students from Civil Law Jurisdiction: a background knowledge of common law subjects is assumed, including contract, tort, equity, and company law.

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Course Convenor: A/P Wee Meng Seng

Co-teacher(s): NA

Module Codes: LL4402 / LL5402 / LL6402 / LLJ5402

Contact Hours: Two, 3-hr weekly seminars

Workload: 15 hours

Mode of Assessment: Class Participation - 15% & Final Exam - 85% [Final Exam may be closed book depending on Covid-19 situation. If it will be open book or closed book will be decided by Mid semester.

Preclusions: Nil

Prerequisites: (a) NUS Compulsory Core Law Curriculum or common law equivalent. (b) Company Law [LC2008) or its equivalent in a common law jurisdiction (may be taken concurrently).

Examination Date: Monday, 25 April 2022 (AM)

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