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Home > Our Services > Insolvency & Restructuring > Deals/Cases


Deals/Cases


Our Insolvency Team has been involved in various notable cases. Some of our recent cases:-

  • Advised a leading hedge fund manager on a proposed debt restructuring of a large cross-border business by means of a Singapore scheme of arrangement.

  • Advised GuardTime, a digital evidence technology business, on restructuring its group under a Singapore holding company and raising equity of US$8 million to help fund its global infrastructure from investors that included Horizons Ventures, a Hong Kong based fund, Ambient Sounds Investments, a fund formed by the founding engineers of Skype, and the investment arm of the Infocomm Development Authority of Singapore.

  • Acted for Bilcare Singapore Pte. Limited on its restructuring of US$45.5m of convertible bonds and US$44.5m bonds with warrants to subscribe for shares of Bilcare Limited. The transaction also involved an issue of US$54m exchangeable guaranteed bonds of Monument Pte. Limited, which Bilcare Singapore guaranteed.

  • Represented a multinational company in winding up proceedings against an aviation company with its base set up in Singapore, and with a network of subsidiary and related companies located in both the British Virgin Islands and the United Kingdom. We also represented and advised the private liquidators appointed over the company on various issues and court applications. Issues included the setting aside of a debenture, the setting aside of the appointment of receivers and managers, and various transactions involving undue preference.

  • Acted for a London port in an insolvency matter concerning a shipping company that went into liquidation. We advised the client on contractual claims and issues regarding the lodgement of proof of debt. We also represented the client to liaise with liquidators and to attend committee of inspection meetings.

  • Represented a Singapore-based construction company to apply to court for a scheme of arrangement in order to help with its restructuring of debts. We also advised the client on issues relating to insolvency law.

  • Involved in the representation of court-appointed interim liquidators to formulate and file an application to court to obtain a court order for a scheme of arrangement to restructure and turn around a company publicly listed on the Malaysian Stock Exchange with diverse business interests in hotels, tourism and retail in Kuala Lumpur.

  • Represented receivers and managers in the enforcement of the terms of a debenture which included the securing of assets pledged as security and related court applications to trace and compel delivery up of such assets. We also advised on matters pertaining to issues of breach of contract, employment law, specific performance of contracts and the disclaimer of onerous transactions.

  • Represented and advised court appointed interim receivers and managers in the discharge of their duties in a court action brought by a shareholder alleging misappropriation of funds, fraud, breach of directors' duties and other breaches by other shareholders/directors.


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Practice Leaders

Subramanian PILLAI
Partner
Tel: +65 6349 2379


Bill JAMIESON
Partner
Tel: +65 6349 8680


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