01 Jul 2019

Going concerns - July 2019

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Welcome to the second edition of Going concerns, where we strive to bring you the latest updates on restructuring and insolvency law. In this issue, we maintain our focus on Singapore law and provide:

  1. A short commentary on potential pitfalls which directors should look out for when the company they helm begins facing financial difficulties;
  2. A case summary on Ma Wai Fong Kathryn v Trillion Investment Pte Ltd and others and another appeal [2019] SGCA 18, where the Court of Appeal considered when it would order an equitable buyout of shares instead of ordering a winding up; and
  3. A case summary on Re: Zetta Jet Pte Ltd and others (Asia Aviation Holdings Pte Ltd, intervener) [2019] SGHC 53, the first decision where the Singapore court recognised a foreign insolvency proceeding pursuant to the recently adopted UNCITRAL Model Law on Cross Border Insolvency.

This edition further features our Hong Kong team with their insights on cross border restructuring in Hong Kong, in particular, providing a case summary on the first Hong Kong Court decision recognising a Japanese winding up proceeding in Re Kaoru Takamatsu [2019] HKCFI 802.

We hope you enjoyed this second edition of Going Concerns and we look forward to your continued support in the coming editions of the same. As usual, please feel free to contact us should you like to learn more on any topic.

Click here to read more.

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KEY CONTACT

Martin Brown

Martin Brown
Partner

T:  +65 6622 6232 M:  +65 9298 0045 Email Martin Office:  Singapore

Martin Green

Martin Green
Managing Partner

T:  +65 6226 1600 M:  Email Martin | Vcard Office:  Singapore

Jamie Stranger

Jamie Stranger
Partner

T:  +852 2533 2780 M:  +852 9354 4481 Email Jamie | Vcard Office:  Hong Kong

Lauren Tang

Lauren Tang
Partner

T:  +65 6835 8664 M:  Email Lauren | Vcard Office:  Singapore

Jason Yang

Jason Yang
Partner

T:  +65 6835 8673 M:  Email Jason | Vcard Office:  Singapore

Eloise Fardon

Eloise Fardon
Senior associate

T:  +852 2533 2704 M:  +852 6462 8086 Email Eloise | Vcard Office:  Hong Kong

Yi Lei Tan

Yi Lei Tan
Associate

T:  +65 6661 6527 M:  +65 9800 6288 Email Yi Lei | Vcard Office:  Singapore

Alexander Tang

Alexander Tang
Senior associate

T:  +852 2533 2881 M:  Email Alexander | Vcard Office:  Hong Kong

Jeffrey Tanner

Jeffrey Tanner
Senior associate

T:  +65 6622 9653 M:  Email Jeffrey | Vcard Office:  Singapore