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Legal, compliance and restructuring

Data room for debt restructuring

Short answerSingapore has become a regional restructuring hub, with schemes of arrangement, moratoriums and pre-packaged schemes under the IRDA. Creditors need information to vote, so a data room with creditor groups, a Q&A workflow and an audit trail supports the process.

How it works in Singapore

Companies from across Asia use Singapore schemes and moratoriums to restructure debt, including bonds and bank loans. Creditors, their advisers and the court all rely on financial information about the company.

Information must be shared fairly among creditor classes while protecting commercially sensitive data.

Best data rooms for debt restructuring

Our five measures re-weighted for this use case, with a small bonus for rooms built for it. Prices before 9% GST.

  1. 1 Ellty ~S$191/mo 9.1 Visit Ellty
  2. 2 iDeals On quote 8.7
  3. 3 Datasite On quote 8.7
  4. 4 Ansarada On quote 8.5
  5. 5 Firmex On quote 8.4
  6. 6 Intralinks On quote 8.3
  7. 7 Drooms On quote 8.2
  8. 8 SmartRoom On quote 8.1
  9. 9 Box ~S$19/user/mo 7.9
  10. 10 DealRoom On quote 7.9
22%Security23%Deal tools22%Permissions16%Ease of use16%Cost

Folder index for debt restructuring

01
Company informationFinancials and business plan.
02
Adviser reportsIndependent financial adviser and liquidation analysis.
03
Scheme documentsExplanatory statement and scheme drafts.
04
Creditor class foldersClass-specific information.
05
CourtFilings and orders.

Singapore rules that apply

IRDA schemes and moratoriums

Court-supervised schemes, with information to creditors needed for a fair vote.

Companies Act section 210

Schemes of arrangement for solvent and other restructurings.

Features you need

FeatureWhy it matters hereRooms in our top 10 that list it
Q&A workflowBidders post a question against a file; your team drafts, approves and publishes the reply, and the whole thread is kept.9 of 10
View and download controlEach file can be set to view-only, print or download, and the setting can be changed later.9 of 10
Audit trailTime-stamped history of who opened, printed or downloaded each document, exportable for a dispute, insurer or regulator.10 of 10

How to set it up

  1. Group by creditor classPermissions per class and adviser.
  2. Use Q&AAnswer creditor questions consistently.

Mistakes to avoid

  • Unequal information between creditors in the same class.
  • Price-sensitive bond information leaking.

Questions people ask

Why is Singapore used for restructurings?

The IRDA offers moratoriums, cross-class cram down and pre-packaged schemes, and Singapore courts are experienced in cross-border cases.

Do creditors get data room access?

Usually key creditors and their advisers do, after signing confidentiality agreements.

How is fairness managed?

With class-based permissions and a single Q&A record.