Restructuring and Insolvency
Our team in Singapore regularly advises liquidators, judicial managers, receivers and managers, creditors, companies and shareholders on restructuring exercises both in court and in private negotiations. We also advise on corporate insolvency matters such as contesting winding up applications, attending creditorsâ€™ meetings, disclaiming onerous properties / agreements and taxation for liquidation expenses.We also work with major accounting firms to undertake and advise on debt restructuring and corporate reorganisation, judicial management and scheme of arrangement cases.
As well as corporate insolvency we also have extensive experience in personal insolvency matters including the appointment of private trustees, advising on insolvency offences, acting in scheme of arrangements by undischarged bankrupts for the purposes of getting discharged from bankruptcy as well as annulment of bankruptcy orders.
We regularly act in the recovery of debts and assets for our major clients, which include banks and other financial institutions, MNCs, listed corporations, major commercial landlords and, property developers. We also act for many management corporations and managing agents of strata titled developments on issues in relation to the Building Maintenance and Strata Management Act and the Land Titles (Strata) Act.
We have extensive experience in enforcing judgments and court orders through legal proceedings such as writ of distress, writ of possession, garnishee and writ of seizure and sale.
We take a practical approach to our work. In addition to legal proceedings we regularly advise clients on self-help remedies available to them.
The team regularly works closely with our other practice groups to provide tailored advice and solutions and has recently acted for numerous SMEs, start-ups and venture capitalists to navigate various legal issues faced by them.
For restitutionary claims and disputes culminating in court or arbitration actions, we work closely with our specialists in the Litigation Practice Group, and are thus able to offer a multi-disciplinary approach to our clients.