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Restructuring & Insolvency

Restructuring & Insolvency

Our leading Restructuring & Insolvency practice has seen our lawyers advise bondholders, other creditors, major debtors, trustees and liquidators in a wide variety of industries – from fashion houses to fisheries and coal mining companies to name a few. We continue to deliver in tough financial conditions.

Our expertise in this area includes:

  • Cross-border Schemes of Arrangement;
  • Winding Up and Judicial Management;
  • Clawback claims and other Insolvency-related litigation;
  • Investigations of directors’ and company activities

Notable matters include:

  • Pacific Andes Resources Development Ltd and other matters [2016] SGHC 210 – acting for the Informal Steering Committee of distressed bondholders issued by a major fisheries company;
  • Living the Link Pte Ltd (in creditors’ voluntary liquidation) and others v Tan Lay Tin Tina and others [2016] SGHC 67 – successfully acted for liquidators in a clawback claim for unfair preference transactions in a landmark decision on among other things directors’ personal liability in such transactions;
  • Pathfinder Strategic Credit LP and another v Empire Capital Resources Pte Ltd and another appeal [2019] 2 SLR 77– acted for the applicant in an application to convene a scheme meeting for a scheme of arrangement to restructure bond debts in the value of US$950 million;
  • Re Swiber Holdings [2018] 5 SLR 1358 – acted for Trustees for noteholders of Swiber Holdings Limited in a landmark case about the role and responsibilities of bond Trustees in insolvency scenarios.
  • Manharlal Trikamdas Mody and another v Sumikin Bussan International (HK) Limited [2014] SGHC 123 – acted for individual debtors in an application restraining the judgment creditor from commencing proceedings in India, as well as in an application for leave to serve process out of jurisdiction.
  • Acted for, amongst others, the respective liquidators of a major Korean conglomerate, what had been the oldest stock broking entity in Singapore, and a listed entity who commenced action against a former managing director for unfair preferential payments