Restructuring & Insolvency

Our conflict free status means we are able to act for all key stakeholders in distressed situations, including debtors, creditors, directors/key employees and insolvency practitioners. Our lawyers are comfortable handling both non-contentious and contentious aspects of a restructuring and insolvency brief.

We have recently advised and acted for:

• The applicant in the first successful rescue financing court application in Singapore involving a “roll-up” of a bank lender’s pre-existing debt.
• The Singapore branch of a major European infrastructure group in obtaining Singapore court recognition of an Italian court supervised rehabilitation process involving debts in excess of €1 billion.
• The chief executive officer and substantial shareholder of one of the largest container lines in Southeast Asia in relation to a Singapore restructuring of its debts via a scheme of arrangement. The restructuring enabled the prompt and full repayment of all scheme creditors and has been described as one of the most successful corporate restructurings in Singapore’s recent history.
• Judicial managers (and subsequently liquidators) of a venture fund approved under the Singapore Government’s Global Investor Programme in securing a pre-packaged scheme of arrangement with creditors.
• One of the largest vertically integrated textile manufacturers in Southeast Asia in connection with its US$1.8 billion debt restructuring in Indonesia, Singapore and New York.
• The court appointed private trustees in bankruptcy of OK Lim and his two children, the principals behind the Hin Leong Trading group which collapsed with debts in excess of USD 6 billion. 
• A Singapore headquartered precision manufacturing technology company in its successful pre-packaged scheme of arrangement involving novel issues relating to creditor classification.