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Expertise – Restructuring
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RESTRUCTURING & INSOLVENCY
Restructuring & Insolvency
Our restructuring team brings a wealth of experience in advising insolvency practitioners, debtors and creditors on Singapore’s restructuring landscape. We are well versed with Singapore’s new restructuring regime and its application to the crypto industry, where anonymous assets in the digital world unconfined to jurisdictions continue to challenge practitioners. Our restructuring experience and sector expertise, means we are well placed to not just advise on the powers and processes of the Singapore courts but also on the feasibility of restructuring plans, pre-empting challenges and pitfalls in navigating the restructuring landscape. Working with our network of lawyers, we are also experienced in helping clients navigate the insolvency and restructuring regimes in other jurisdictions such as China, Malaysia, the PKPU process in Indonesia and the NCLT mechanism in India.
Critically, we bring our fraud expertise to any case, helping insolvency practitioners and creditors alike, spot anomalies in financial statements and trade patterns.. Our asset recovery capabilities and sector knowledge are often standalone reasons why liquidators approach us for restructuring and insolvency actions.
Key Contacts
Representative Experience
- Advising the largest secured lender in relation to court ordered restructuring of InterChem Pte Ltd, a petrochemicals trading company with debts exceeding $300 million including improving the payment terms offered to the lender over the course of the restructuring process.
- Advising a lender in relation to a failed restructuring attempt of Somap International Pte Ltd, a ship recycling company with debts exceeding $170 million, and then in the subsequent liquidation proceedings.
- Advised a lender in relation to a failed restructuring attempt of Farlin Timbers Pte Ltd, a timber trading company with debts exceeding $300 million, and then in the liquidation proceedings.
- Advised lenders in relation to the Singapore Court restructuring attempts by Kobian Trading, with total debts exceeding $400 million.
- Advising an oil company on its claims/counter-claims of over $30 million arising from the collapse and subsequent liquidation proceedings of Hin Leong Trading.
- Advising an oil trader in respect of its claims and liabilities arising from its offtake arrangements connected with the judicial management and eventual insolvency of Zenrock Commodities Trading.
- Acting for a creditor in respect of a funding agreement in the Singapore High Courts to explore various clawback and unfair preference claims arising from the liquidation of an agri commodities trader in Singapore.
- Successfully acted for a lender in very heavily contested bankruptcy proceedings against the director of Somap International Pte Ltd, entailing a number of interim challenges and appeals.
- Acting for a lender in the winding up British Chemicals Pte Ltd, with the winding up entailing cross-border recovery considerations.
- Acting for a creditor in securing the winding-up of prominent Singapore sporting merchandise business, Sports Link Holdings Pte Ltd.
- Advising a creditor in relation to its retention of title claims arising from the liquidation of the Robinsons department store in Singapore.
- Assisting a credit insurer in respect of various insureds’ claims against companies undergoing restructuring in Singapore and Malaysia
- Advising foreign law firms on the application, scope and extra-territorial effect of Singapore Court restructuring proceedings in relation to a commodities trader.
- Acting for a steel MNC on a contentious winding-up proceeding in the Singapore High Courts including attempts by the debtor to stay proceedings in favour of arbitration.
- Acting for a lender in bankruptcy proceedings against the guarantor of Annprash Trading in respect of an outstanding unpaid loan of about $4 million.
Lastest Articles
- Articles
- Articles
- December 2022
Schemes of arrangement (Part 4): Voting considerations
- Articles
- November 2022
Schemes of Arrangement (Part 3) : What can and cannot be done
POWER PROJECTS, EPC & MARINE CONSTRUCTION
COMMODITIES TRADING, TRANSPORT & FINANCE
FRAUD, INVESTIGATIONS & ASSET RECOVERY