CNPLaw LLP advises Pison Investments Pte. Ltd. on its invitation to senior unsecured creditors of the Hyflux group to offer their debt to Pison in a reverse Dutch auction

Deals and cases

 

CNPLaw LLP advises Pison Investments Pte. Ltd. on its invitation to senior unsecured creditors of the Hyflux group to offer their debt to Pison in a reverse Dutch auction


Date Published: 29 October 2020




 

CNPLaw LLP is advising Pison Investments Pte. Ltd. (“Pison”) on its invitation to senior unsecured creditors of the Hyflux group to offer their debt to Pison in a reverse Dutch auction. CNP is also advising Pison on its engagement with the advisers to the holders of Medium Term Notes  and the representatives of holders of Perpetual Capital Securities and Preference Shares issued by Hyflux Ltd. The CNP team is led by Managing Partner Lisa Theng and other partners involved are Bill Jamieson, Ken Chia and Kenn Lim. The firm’s dispute resolution partner Subramaniam Pillai is representing Pison in relation to various applications filed with the High Court of the Republic of Singapore by Hyflux Ltd and certain of its subsidiaries and a group of the Company’s creditors in relation to the insolvency and restructuring of Hyflux Ltd and its subsidiaries.


Lisa Theng-Oct2017
Managing Partner

    As a managing partner, Lisa sees a need to ensure that our clients see us as their business partner and not as just a legal service provider. Our aim is to provide innovative legal solutions for our clients across Asia with a high level of service and support that will help our clients better manage and succeed in their own businesses.She has been involved with healthcare, oil and gas, manufacturing, engineering, distribution, trading, exhibition, publishing, food and beverage and leisure and entertainment companies on a range of issues. She also regularly works with private equity and venture capital companies and funds.



    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. Ken is recognised as a Notable Practitioner by IFLR1000 in 2019 and 2020




    Bill Jamieson is a Partner at CNPLaw LLP. Bill is an English lawyer who is also registered to practise Singapore law in the areas of corporate law, banking and finance and securities laws. He enjoys working in the diverse and dynamic Asian market and helping his clients to achieve their goals.
    Partner

      Bill’s practice focuses on corporate financing transactions, investment funds, mergers and acquisitions, private equity and employment law matters. His experience includes 10 years in the City of London and over 20 years in Asia. Before joining CNP, Bill was a partner in a well-known international law firm. He is recommended lawyer for Corporate and M&A, Banking and Finance, Investment Funds and Labour and Employment in Legal 500 Asia Pacific 2020. Bill is one of the firm’s contacts for Interlaw, a network of independent full-service corporate law firms ranked by Chambers and Partners in its highest category, “Elite”, amongst all global law firm networks.



      Subramanian Pillai Partner at CNPLaw
      Partner

      Subra’s practice has been primarily in the field of commercial litigation and arbitration. He heads the firm’s International Arbitration and Construction, Engineering and Infrastructure teams.




      Kenn Lim is a Partner at CNPLaw LLP. His practice covers a wide range of corporate and commercial transactions such as mergers and acquisitions, joint ventures, foreign investments and private equity transactions.

      Partner

      Kenn’s practice covers a wide range of corporate and commercial transactions such as mergers and acquisitions, joint ventures, foreign investments and private equity transactions. Kenn is recognised as one of Singapore’s Most Influential Lawyers Aged 40 And Under by the Singapore Business Review in 2018.




      Hazel Ho Senior Legal Associate at CNPLaw LLP
      Senior Associate

      Hazel is a Senior Associate with the Corporate Advisory team. Her 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 has also worked with government agencies and was previously lead in-house counsel for the Brunei Ministry of Defence on international public procurements.




      Sharleen Eio Senior Legal Associate at CNPLaw LLP image
      Senior Associate

      Sharleen has experience in a wide spectrum of legal advisory and disputes work, with a focus on civil and corporate commercial litigation. She has advised and represented a number of international companies and high net-worth individuals in complex cross-border disputes. Her experience also includes regulatory and investigatory work and employment law.




      Goh Wan Shuen is an Associate at CNPLaw, she is in in the Funds and Financial Services team. Her main areas of practice include investment funds and mergers and acquisitions
      Associate

      Wan Shuen is an associate in the Funds and Financial Services team. Her main areas of practice are investment funds and mergers and acquisitions. She regularly assists in the formation and operation of private funds in several jurisdictions, including drafting the full range of fund documentation, as well as the provision of related regulatory advice. She is also regularly involved in other transactional work involving mergers and acquisitions, banking and finance, and employment issues.




      ervin roe is an associate at CNPLaw
      Associate

      Ervin is an associate in the Construction, Engineering & Infrastructure Projects team. He advises on matters related to civil and commercial litigation and regularly acts for clients in construction projects and insolvency disputes.




      Sylvia Koh Associate at CNPLaw
      Associate

      Sylvia is an associate in the Corporate Advisory Practice Group. She graduated from the Singapore Management University in 2016 and was called to the Singapore Bar in 2017.




      Yeoh Tze Ning Associate at CNPLaw LLP
      Associate

      Tze Ning is an associate with the Corporate Advisory Practice Group and has assisted with various corporate and commercial transactions. Her main areas of practice include cross border M&As and joint ventures, private equity and general corporate advisory matters.



      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.





      Our dispute resolution lawyers have worked on matters of various sizes and across industries. Our vast experience enabled us to provide strategic advice on all aspects of insolvency. We have also worked under third party funding arrangements where applicable.





      The lawyers from the Banking & Finance Practice Group (BFPG) have always taken pride in providing a comprehensive range of banking and finance services to our clients, including domestic and foreign international banks, other financial institutions as well as non-bank lenders and borrowers, and foreign legal firms acting for parties outside Singapore.

      Our banking & finance practice covers the whole spectrum of domestic and international banking & financing work, including restructurings, financings and financial institutions advisory work. We can draw upon a broad base of partners, senior, mid-level and junior associates, all with strong and varied banking & finance product line and country experience.

      Our reach is further widened and enhanced by our ability to draw upon the resources of our network of correspondent firms in the region and globally.