GRR Live Singapore: DIPping into uncharted waters

Last year, Singapore introduced debtor-in-possession financing into its restructuring regime, generating disquiet among some large banks who were concerned about superpriority lenders leapfrogging their secured creditor status. But panellists at GRR Live welcomed the new tool, predicting it would be accepted in good time – and telling users they should not be put off by the outcome of the first test case, Re Attilan.