Singapore court weighs in on whether lock-up fees fracture scheme classes
A ship taking bunker fuel at the port of Singapore (Credit: Shutterstock.com/FajarAgungPurianto)
A Singapore court has examined for the first time whether lock-up fees can have the effect of fracturing a class of creditors in a scheme of arrangement, relying on English and Hong Kong authorities to set out a trio of principles that judges should look out for.
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