HomePress ReleaseEIN PresswireJustice Kannan Ramesh appointed as President of International Insolvency Institute (III)

Justice Kannan Ramesh appointed as President of International Insolvency Institute (III)

Justice Kannan Ramesh, Choose of the Appellate Division

The Supreme Courtroom of Singapore introduced that Justice Kannan Ramesh has been appointed as the seventh President of the International Insolvency Institute (III)

SINGAPORE, June 23, 2023/ — The Supreme Courtroom of Singapore is happy to announce that Justice Kannan Ramesh, Choose of the Appellate Division (高等法庭上诉审判庭加南拉美斯法官), has been appointed as the seventh President of the International Insolvency Institute (III). Justice Ramesh is the primary Asian and the primary Choose to be appointed to the highest put up within the III. Singapore has, lately, launched groundbreaking reforms to its insolvency and restructuring legal guidelines to maintain tempo with the wants of the worldwide debt restructuring panorama. Justice Ramesh’s appointment as the President of the III will considerably add to Singapore’s standing as a restructuring and insolvency centre.

Justice Ramesh has been appointed for a time period of two years with impact from twelfth June 2023 on the III’s twenty third Annual Convention in Amsterdam on tenth to eleventh June 2023. Established in 2000, the III is a non-profit, limited-member organisation devoted to advancing and selling insolvency as a revered self-discipline within the worldwide area. Its main aims embody bettering worldwide co-operation within the insolvency space and reaching higher coordination amongst nations in multinational enterprise reorganisations and restructurings. The III’s membership is drawn from essentially the most senior and revered insolvency practitioners, judges and teachers on this planet. The III, with its distinctive membership, worldwide management and sources, performs a helpful and extremely important function within the worldwide insolvency area.

Justice Ramesh was put forth as a candidate for President by the nominating committee. The III’s Board of Administrators accepted Justice Ramesh’s appointment as President on twelfth June. Justice Ramesh has been a member of the III since 2006 and, till most just lately, one of its Vice Presidents. Justice Ramesh succeeds outgoing President, John Martin (Accomplice, Norton Rose Fulbright Australia).

Justice Ramesh is very regarded within the worldwide insolvency group. He performed an instrumental function within the institution of the Judicial Insolvency Community; a community of 14 judiciaries all over the world. This community was constituted to supply judicial thought management and to facilitate court-to-court communication and cooperation in cross-border insolvency and restructuring. In recognition of Justice Ramesh’s experience, management, integrity, professionalism and repair to the chapter and insolvency follow and to their communities, His Honour was invited to turn into an International Fellow of the American School of Chapter.

Justice Ramesh is a Co-Lead Choose of the Specialised Checklist on Firm, Insolvency and Trusts within the Normal Division of the Excessive Courtroom and in addition sits on the SICC Bench. He at present chairs the Advisory Board of the Singapore World Restructuring Initiative on the Singapore Administration College. He’s additionally a member of the Singapore Academy of Legislation’s Legislation Reform Committee and the Singapore International Business Courtroom’s (SICC) Restructuring Guidelines Committee, and an advisor to the Asian Enterprise Legislation Institute. Justice Ramesh was awarded the Public Service Medal (Covid-19) for his contribution as a member of the COVID-19 Contractual Aid Staff (COVID 1) and the Simplified Insolvency Programme (COVID 3-SIP).

On Justice Ramesh’s appointment, Chief Justice Sundaresh Menon stated, “On behalf of the Singapore Judiciary, I lengthen my warmest congratulations to Justice Ramesh on his appointment as President of the International Insolvency Institute. This, collectively together with his latest induction as a Fellow of the American School of Chapter, speaks volumes of Justice Ramesh’s standing as an eminent thought chief within the worldwide insolvency group and his invaluable contributions to cross-border insolvency and restructuring follow. Justice Ramesh’s appointment can also be an apt recognition of Singapore’s authorized expertise, particularly within the area of cross-border insolvency.”

“It’s a privilege and an honour to be invited to serve this really particular establishment as President. Being the primary Asian President has of course nice private satisfaction nevertheless it has a significance past that. I see this Presidency as the end result of an effort to broaden the institute’s world engagement by Presidents earlier than me. That the membership is wealthy in geographical variety right this moment bears testomony to that. The Presidency presents an immense alternative to construct, with the Board, on the foundations which have been laid and form the worldwide dialog on cross-border insolvency. This can be a accountability the Board and I settle for, excited by the probabilities that the potential of the institute’s membership presents”, stated Justice Ramesh.

M Hakim Salim
Singapore International Business Courtroom
+65 6338 1034
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