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 acquisition, disposal, consolidation or amalgamation of assets or shares. Other reasons that may compel a company to restructure may be to prepare the company for a sale, merger 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 planning, assessing the possible business outcomes and legal restrictions, and managing the interests of the stakeholders involved, namely the shareholders, creditors, customers, and employees.
Our work includes:
- Restructuring and hiving-off of businesses for strategic reasons
- Advising clients on employment-related issue
- Redomiciliation of overseas companies to Singapore
- Restructuring companies ahead of IPO
- Use of schemes of arrangement and other court processes
- Debt restructurings
- Capital reductions to allow return of value to shareholders or to create distributable reserves
- Acting for companies in financial difficulties and advising their directors
- Privatisations of listed companies
The team works closely with other advisers (and, where relevant, our colleagues who handle court processes) to develop innovative ideas and practical solutions for our clients.
Rankings Received From Professional and Commercial Publications
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
Pison Investments is represented by CNPLaw LLP. The team is led by Managing Partner Lisa Theng and other partners involved are Bill Jamieson, Ken Chia, Subramanian Pillai and Kenn Lim.
Click on the bullet points to find out more
- CNPLaw LLP advised on the restructuring of AirGSM Pte Ltd
- CNPLaw advised a multi-national company on transferring employees within the group to create a regional sales hub in Singapore
- CNPLaw advised a large French consortium on its internal amalgamation and restructuring exercise
- CNPLaw advised a multi-national company on separating the ownership structures of its various businesses in Singapore in preparation for a global sale of one of its businesses
- CNPLaw advised the target company listed on SGX-ST on a proposed takeover by way of a scheme of arrangement
- CNPLaw advised 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
- CNPLaw 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
- CNPLaw advised GuardTime on restructuring its group under a Singapore holding company and raising equity of US$8 million to help fund its global infrastructure
- CNPLaw advised the controlling shareholder of Want Want Holdings Ltd. on the US$850 million financing of the delisting offer for the company’s shares
CNPupdates – publications written by our Corporate Restructuring Lawyers
- Corporate Insolvency, Restructuring, and Recovery in the COVID-19 world – Part 2
- Wrongful trading under the Insolvency, Restructuring and Dissolution Act 2018
- Corporate Insolvency, Restructuring, and Recovery in the COVID-19 world – Part 1
- Fortitude Budget to help businesses and individuals adapt and build resilience amid the COVID-19 pandemic
- Interlaw tax webinar – tax policy measures overview
- Structuring your business for survival – developing a sound strategy for post-pandemic growth
- A new economic normal – assessing the immediate and longer-term prospects for Asian economies post COVID-19 with Manu Bhaskaran of Centennial Advisors
- How to use the COVID-19 (Temporary Measures) Act to protect you and your business from an economic downturn
- Solidarity Budget: COVID-19 supplementary relief programmes
- Resilience Budget: COVID-19 supplementary relief programmes
- Unity Budget: COVID-19 relief programmes
- A quick reference guide for companies in financial distress
- Enhancing the existing insolvency legal framework – Ipso facto clauses
- CNPLaw’s partner, Mr Bill Jamieson featured in IFR Asia article on “Singapore changes restructuring law”
- CNPLaw’s partner, Mr Subramanian Pillai featured in article on “MAS seeks further boost to enforcement power with amendments to Securities and Futures Act”
- Retention of title clauses – Decision by the English Court of Appeal in PST Energy 7 Shipping LLC v OW Bunker Malta Ltd
- Corporate Insolvency – Proposed Insolvency Act
Video and Presentation Resources
The Corporate Restructuring Team
Pradeep acts for corporations, whether they are private or listed companies, on all aspects of their business including advice and drafting of documentation on investments, joint ventures, mergers and acquisitions and restructurings. For 2020, Pradeep is rated as “Highly Regarded” by IFLR1000 and is ” Recommended” by The Legal 500 Asia Pacific.
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 rated as a “Notable Practitioner” by IFLR1000 for 2019 and 2020, and is “Recommended” for the Corporate and M&A practice by The Legal 500 Asia Pacific 2020.
Amit’s practice focuses on corporate law, investment funds, mergers and acquisitions and regulatory and compliance matters. He has over 15 years’ experience in these areas of law. Amit’s expertise has been recognised in Legal 500 Asia Pacific, 2020 as “Recommended Lawyer for Corporate and M&A as well as Investment Funds”. In December 2016, Amit was named by Singapore Business Review as one of the 70 most influential lawyers in Singapore under the age of 40.
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.
Lorraine is experienced in advising clients, comprising start-ups and SMEs to multinational firms, on general corporate legal matters, including compliance with applicable laws. She has reviewed a variety of commercial contracts such as distributorship and service agreements and terms and conditions and has broad experience in joint ventures and mergers & acquisitions transactions in various industries.
Daphne is an associate in the firm’s Dispute Resolution team. Her main area of focus is in contentious work, and her past experience in this area encompasses civil, corporate, and commercial disputes across the construction, investment, telecommunication, food and beverage, real estate, and entertainment sectors. Find out more about Daphne and the CNPupdate articles that she has contributed which showcase her expertise in this field of practice, one in particular – A quick reference guide for companies in financial distress.
Ellie is in the firm’s Corporate Finance team and was admitted to practise as a solicitor in Hong Kong in 2013. she has been involved in various initial public offerings and listings on The Stock Exchange of Hong Kong Limited and has advised issuers, sponsors and underwriters.