17 Aug 2022

Going concerns – August 2022

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In the latest edition of Going concerns, Stephenson Harwood’s restructuring and insolvency team covers the use of lock-up agreements in schemes of arrangements, and the developments in Singapore and Hong Kong as regards recognition of foreign insolvencies. Our final article is a must-read for lenders, discussing the circumstances under which security may be unwound as a undervalued transaction.

Content

  • Lock up agreements in schemes of arrangement 
  • Recognising US Chapter 11 proceedings and judgments in Singapore 
  • Hong Kong Court confirms common law recognition and assistance does not extend to solvent liquidations 
  • Clarity on the "undervalued" status of security on existing debts

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Eloise Matsui

Eloise Matsui
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Alexander Tang

Alexander Tang
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Lauren Tang

Lauren Tang
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Karis Yip

Karis Yip
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Chit Yee Ooi

Chit Yee Ooi
Associate at Virtus Law

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Yi Lei Tan

Yi Lei Tan
Associate at Virtus Law

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