*RISE* Debts & Debtors Management For Companies



This is a ½ day virtual learning programme. Upon successful registration and payment, registrants will be sent a web link and access details of the workshop.


Overview

The onset of the COVID-19 pandemic has led to severe financial consequences for many businesses, who now face difficulties paying their landlords, servicing their loan applications or even paying their creditors. This workshop aims to answer the following questions : 

1. What happens when your debtors are badly hit by the pandemic and the downturn ?
2. What you can do as creditors to protect your own interest ?
3. Do you have a legal say in the restructuring or liquidation of the debtor company ?
4. Must this always end up as a zero-sum game ?

We give you a firm grasp of the life cycle of a restructuring process and what role you can expect to play when faced with a restructuring commenced by a debtor.

 
Course Outline

Part I : Debtors In Distress
1. What to look out for in uncertain financial times 

  • when is a debtor insolvent and;
  • what to be careful of when a debtor is insolvent or is nearing insolvency
Part II : Participating In A Restructuring As A Creditor
1. Consensual Restructuring - what to consider when a debtor approaches you to restructure its debts

2. Formal Restructuring - what happens when a debtor files a Court application to restructure
a) Moratorium under s211B
b) Schemes of arrangement 
c) Judicial management

3. Participation in the restructuring - what role does a creditor play ?

4. Ipso facto clauses - s 440 IRDA

Part III : End of A Company life cycle
1.Types of Liquidation
a) Member's winding up ;
b) Voluntary winding up ;
c) Creditors' winding up and ;
d) Court-ordered liquidation

2. Potential claims in a liquidation; and third party funding


Learning Objectives

Participants would gain knowledge of:

  • what rights they have against insolvent debtors who are unable to pay their debts, and how to best realise debts against insolvent debtors; and 
  • what considerations may come into play when faced with a debtors' attempt to restructure, and what considerations may arise when dealing with a debtor in winding up

Who Would Benefit

Business owners, C-level Executives, Directors, General Managers, In-house Legal Counsel


Meet The Trainers



Paul Seah
Senior Partner, Tan Kok Quan Partnership (TKQP)

Widely recognised as one of Singapore’s leading disputes practitioners, Paul has acted as lead counsel in some of the country’s most important and high-profile cases in recent years.  He also writes on a wide variety of dispute resolution related topics and has contributed to important Singapore publications for litigators.

Paul also has a speciality in insolvency and restructuring work and has advised Singapore’s leading accounting firms and financial institutions in numerous well-publicised insolvencies.

In 2017, Paul garnered the Asialaw Asia-Pacific Dispute Resolution Awards’ Disputes Star of the Year award.  He was also recognised by the Asian Legal Business as one of “40 Under 40 – Asia’s Brightest Young Legal Minds” in 2015.  In 2014, Singapore Business Review ranked him as one of Singapore’s “20 Most Influential Lawyers 40 and Under”.  In addition, Paul is ranked as a Recommended Lawyer for Dispute Resolution, and Restructuring and Insolvency by The Legal 500 Asia Pacific, 2017-2020.  He is also ranked as a Distinguished Practitioner for Dispute Resolution, and Restructuring and Insolvency by Asialaw Profiles, 2020.  This is in addition to Paul being recognised as a Leading Lawyer for Dispute Resolution, and Restructuring and Insolvency by Asialaw Profiles, 2017-2019.



Keith Tnee
Partner, Tan Kok Quan Partnership (TKQP)

Keith has assisted clients in civil and commercial litigation matters covering a wide spectrum of industry sectors. He also handles investigations, insolvency and restructuring matters.

Keith is ranked as a Recommended Lawyer for Dispute Resolution by The Legal 500 Asia Pacific, 2020.  He was also recognised by Singapore Business Review as one of Singapore’s “70 Most Influential Lawyers 40 and Under" in 2016.

To find out more about RISE funding support, please click here or email directly to mr@sbf.org.sg

Administrative Details

  • Please logon to https://login.sbf.org.sg/sbf with your Username and Password to register. 
  • Please create an account for registration if you do not have an existing account with Singapore Business Federation (SBF)
  • Upon registration, please make payment using Credit Card via online payment platform. Auto e-acknowledgement and invoice will be sent to your registered email.
  • No cancellation will be allowed upon registration but attendance by a replacement delegate from your company due to exigency could be facilitated. Please notify SBF of the change with at least 3 working days’ notice prior to event to enable logistical arrangements for the replacement.
  • Payments are required with registration and must be received prior the event to guarantee your place.
  • Participants will only be admitted if payment/proof of payment has been received prior to the event or on event day.
  • You will still be liable for the payment in the event of no-show on actual day of the event.
  • SBF reserves the right to cancel or make any adjustments to the event.


Other Payment Modes
:

  1. Electronic Payment (Preferred payment mode. Document reference - Please key in 8-digit invoice number)

    Corporate PayNow (UEN: T02SS0073H),

    Bank Transfer (Bank / Branch Code: 7375 / 018, Account No: 118-313-180-5)

    Billing Organisation via UOB or DBS Website/Mobile app

  2. VISA/MASTERCARD Terminal

    Payment can be made via our VISA/MasterCard terminal in our office

  3. Cheque Payment

Please cross your cheque payable to Singapore Business Federation and send it to:

160 Robinson Rd #06-01, SBF Center, Singapore 068914

Please indicate the Invoice number, Company and Participant(s) name(s) at the back of the cheque.

If you have registered less than 5 working days before the event date, please bring along your cheque on the day of event.  

Ref No: SB210181

DISCLAIMER
All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these events. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your situation, please inform our staff.

When
3/18/2021 9:00 AM - 12:30 PM
Where
Virtual SINGAPORE SINGAPORE

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