Where Singapore meets ASEAN: Shaping insolvency reform for micro and small enterprises

Authors

Lovein Leying SUI, Singapore Management UniversityFollow

Publication Type

Journal Article

Publication

Singapore Law Journal (Lexicon)

Publication Date

9-2025

Abstract

Given the economic dependence on micro and small enterprises (MSEs) in the ASEAN region, the MSE insolvency regime is of paramount regional importance. Evidence indicates that the ASEAN region has prioritised the improvement of such a regime, especially after the financial instability following the COVID-19 pandemic. This paper explores how trends in ASEAN MSE insolvency can inform Singapore’s insolvency reforms to improve MSE access and efficiency, while also considering broader implications for the region.

Keywords

ASEAN, insolvency reform, micro and small enterprises, COVID-19, financial stability, Singapore law, bankruptcy, access to justice, corporate restructuring, economic resilience

Disciplines

Bankruptcy Law | Business Organizations Law | Comparative and Foreign Law

Subject(s)

Applied or Integration/Application Scholarship

ISSN/ISBN

2737-5048

Publisher

SMU Lexicon, SMU School of Law

Version

publishedVersion

Copyright Holder

Singapore Management University

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Format

application/PDF

Citation

SUI, Lovein Leying. Where Singapore meets ASEAN: Shaping insolvency reform for micro and small enterprises. (2025). Singapore Law Journal (Lexicon). 5, 71-95.
Available at: https://ink.library.smu.edu.sg/sljlexicon/49

Volume

5

Page

71-95