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.
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.
Part I : Debtors In Distress
1. What to look out for in uncertain financial times
Part II : Participating In A Restructuring As A Creditor
- when is a debtor insolvent and;
- what to be careful of when a debtor is insolvent or is nearing insolvency
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
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
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.
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.
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- 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:
- 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
- VISA/MASTERCARD Terminal
Payment can be made via our VISA/MasterCard terminal in our office
- 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
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