Regional news: Asia-Pacific

Hogan Lovells adds new partners in Singapore and Paris

Hogan Lovells has hired a new restructuring partner in Singapore from K&L Gates, and welcomed back a former member of its Paris employment practice with restructuring experience.

06 October 2020

Kirkland & Ellis promotes in US, Europe and Asia

Kirkland & Ellis has promoted 13 new restructuring and debt finance partners across the US and in Munich, London and Hong Kong.

02 October 2020

Borrelli Walsh’s Singapore restructuring head fails to overturn directorship ban

The Singapore Court of Appeal has upheld a directorship disqualification for Jason Kardachi, leader of Borrelli Walsh’s restructuring practice in south-east Asia, after the Registrar of Companies struck off four companies he had been appointed to restructure.

25 September 2020

Australian tax officer denied costs over Senvion recognition

An Australian court has refused to award costs to a tax officer who abandoned his request for relief from a stay that followed the local recognition of wind turbine maker Senvion’s German self-administration proceedings.

22 September 2020

Deloitte appointed as KS Energy subsidiaries enter interim JM

Deloitte partners Andrew Grimmett and Justin Lim have been appointed as interim judicial managers over two subsidiaries of oil and gas group KS Energy in Singapore, after the group failed to come to an agreement with its largest creditor.

21 September 2020

Hong Kong appeal court rejects US letters of request on “fishing” grounds

A private equity firm has failed to compel testimony from two distressed investors in Hong Kong over an aborted restructuring, after Hong Kong’s Court of Appeal said its effort - backed by US letters of request - amounted to a fishing exercise.

18 September 2020

Hyflux investor shares frustrations as JM hearing awaited

Stock exchange filings in Singapore reveal frustration between lawyers of a vehicle managed by Indonesian tycoon Johnny Widjaja that is a potential investor in Hyflux’s debt, and counsel to a group of banks trying to place Hyflux under judicial management.

17 September 2020

Singapore court appoints RSM Advisory as energy services group enters JM

A Singaporean court has placed oil and gas services provider Hiap Seng Engineering and its subsidiary HS Compression & Process in judicial management, confirming the appointments of two RSM Advisory partners.

16 September 2020

English court clarifies recognition application powers

An English court has refused to set aside the recognition of a Hong Kong bankruptcy, finding for the first time that it could retroactively sanction the service of a recognition application in another jurisdiction.

11 September 2020

Chinese-owned Hontop Energy placed under judicial management

A Singapore court has placed Hontop Energy, the trading arm of a Chinese independent oil refiner, under full judicial management supervised by RSM Advisory, following allegations of “suspicious transactions” from its biggest lender.

11 September 2020

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