Insolvency, Restructuring and Schemes of Arrangement in GMC

A board or a creditor facing distress in the Gelephu Mindfulness City is working under the Insolvency, Restructuring and Dissolution Act 2018, which GMC applies as an applied statute, with the precedents of the common law world available to GMC courts from the outset. Basnet Law Pte.

Advising boards of distressed GMC companies on their duties, the solvency tests attached to buybacks and capital reductions, and the exposure of a director who approves a payment knowing the company is not solvent.

Structuring compromises and arrangements with members or creditors through the court-sanctioned route the Companies Act 2025 provides, and amalgamations.

Advising creditors and lenders on security, its registration within the statutory window and what the applied statute means in a default.

Working through the property and trust analysis on which client assets and custodied tokens depend when a custodian fails.

Advising on winding up, strike-off and dissolution under the applied framework and the Companies Act 2025.

Mapping the forum and structuring transactions so that recovery is secured under GMC law from the outset.

Boards of GMC companies approaching distress or approving a buyback or capital reduction. Lenders and secured creditors taking or enforcing GMC-law security. Groups planning a compromise with creditors, a members' scheme or an amalgamation. Investors and counterparties assessing how a GMC default would be resolved.