Rely on our Restructuring, Insolvency and Bankruptcy practice's extensive experience and benefit from a team of practitioners who are able to act quickly and decisively to achieve the best legal and commercial solutions for creditors (banks and corporate lenders), insolvent companies, insolvency practitioners and professionals, administrators, managers and liquidators managing financial crisis and default.
You will be supported in all aspects of contentious and non-contentious insolvencies—from advice on the obligations and liabilities of management of insolvent companies and law of unfair preferences to voluntary and compulsory winding up cases, judicial managements, debt restructurings, schemes of arrangement as well as individual voluntary arrangements and bankruptcies.
We understand your business inside and out—with targeted capabilities for companies listed on the Singapore Exchange and industry know-how in areas such as construction, energy, project finance, intellectual property and technology, transportation, and cross border investments. Your team will include experienced lawyers who have acted in several high profile insolvencies, including the recent Alpine Bau GmbH insolvency, which saw a complex interaction of insolvency and construction, and in cases arising from the Barings debacle, the Asia Pulp and Paper default, the distribution of Lehman Brothers Minibond notes and the voluntary liquidation of MF Global Singapore. We also acted for the financial institution that appointed receivers and managers over the Singapore Flyer, the creditor banks who applied to place SGX-listed Jurong Technologies Industrial Corp. Ltd. and its operating subsidiary into judicial management, as well as the creditor banks interested in the restructuring of SGX-listed TT International.
Key service areas:
- Asset tracing and fraud
- Corporate workouts
- Creditor and debtor rights in insolvency
- Enforcement of securities (set-offs, priority of claims, unfair preference, clawback provisions)
- Rescheduling and debt restructurings
- Receiverships and judicial management
- Schemes of arrangement and voluntary arrangements (section 210 schemes)
Our strong regional presence combined with our global prowess in more than 50 countries around the world enable us to act swiftly when urgent cross-border assistance or remedies are required.
October 20, 2016
March 1, 2016
The central question in the case of Re Opti-Medix Ltd (in liquidation) and another matter  SGHC 108 (Opti-Medix) was whether insolvency proceedings in a jurisdiction other than the place of incorporation could be recognised by the Singapore court. Read more
Having performed their work, insolvency practitioners frequently find their claims for remuneration disputed by the creditors of the insolvent company. This tension is due to a clash of interests: creditors hope to obtain as much dividends as possible , while the insolvency practitioners want to be given fair remuneration for the work done. Disputes over the insolvency practitioners’ remuneration can lead to contentions before the court. Read more