CNPLaw LLP advised on the restructuring of AirGSM Pte Ltd

Deals and cases

 

CNPLaw LLP advised on the restructuring of AirGSM Pte Ltd


Date Published: 20 April 2020


Advising on the restructuring: Ken Chia, Hazel Ho, and Muhammad Parasuram.




 

CNPLaw LLP (“CNP”) acted as Singapore counsel for a Singapore-based telecommunications start-up, AirGSM Pte Ltd, in its restructuring through a share swap with its US-based holding company, AirGSM Holdings, Inc. AirGSM Pte Ltd is the creator of the mobile application, Airalo, the world’s first eSIM store for travellers. The restructuring strategically positions AirGSM Pte Ltd for fund raising activities and future expansion. Its co-founder, Bahadir Ozdemir, commended the CNP team on the swift completion of the restructuring which took place on 17 April 2020.

 

CNPLaw’s Corporate Advisory and Restructuring Lawyers

Ken Chia Legal Partner at CNPLaw LLP image

Partner

Ken heads the Corporate advisory team in the firm and has an international focus in his corporate and M&A work and worked in business development positions with various subsidiaries of the Hang Lung Group in Shanghai and with Informa plc in Singapore.




Hazel Ho Senior Legal Associate at CNPLaw LLP

Senior Associate

Hazel main areas of practice include cross-border M&A, joint ventures, private equity and general corporate advisory. Hazel has advised various companies ranging from tech start-ups to blue-chip MNCs. She is recognised as a “Notable Practitioner” by IFLR1000 for 2019 and 2020.



Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the company. However, this is rarely the case when individual interests are factored into the equation.

Stakeholder conflicts (regarding issues such as breaches of fiduciary dutiesderivative actionsshareholder oppressionmanagement deadlocksmanagement compensationdividend payments and buy-outs) can be a thorny issue and can leave a company crippled if not addressed promptly.

Given the diversity of interests at play, we appreciate that a multi-faceted approach is usually the most cost-efficient method of resolving stakeholder conflicts. Therefore, we provide clients with ready access to an integrated team of lawyers (combining the experience of our corporate, dispute resolution and employment law practices where applicable) who will effectively engage the relevant stakeholders in discussions on how best to resolve their differences amicably.

More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.





Companies periodically assess and deliberate ways to improve their financial results, and one way of achieving this may be through a successful corporate restructuring exercise, undertaken pursuant to the applicable laws.

A corporate restructuring exercise may involve the acquisitiondisposalconsolidation or amalgamation of assets or shares. Other reasons that may compel a company to restructure may be to prepare the company for a salemerger or management buyout. In almost all cases, legal and financial reasons will dictate the approach and outcome.

By leveraging on our corporate and insolvency law practices within the firm, we aim to help clients achieve their restructuring objectives by offering strategic advance planningassessing the possible business outcomes and legal restrictions, and managing the interests of the stakeholders involved, namely the shareholders, creditors, customers, and employees.





At CNPLaw, we understand that the current rapid advances in technology are significantly disrupting the way businesses operate and forcing them to evolve to stay relevant. In this fast-changing world, our clients will need lawyers that they can rely on to help them navigate the challenges and stay ahead of the technology game.

Our technology law team constantly monitors the latest technological developments and assesses how they might impact our clients’ businesses. Our mission is to help our clients respond to and embrace these changes to enable them to thrive in this new environment.

We provide our clients with end-to-end, intuitive advice on all forms of technology and e-commerce related transactions.