Regional news: Asia-Pacific

Freshfields advising as Malaysia Airlines wins landmark UK scheme decision

Lawyers for the Malaysia Airlines group have welcomed a landmark English court ruling that they say confirms UK restructuring tools offer airlines a quicker and cheaper alternative to Chapter 11.

20 January 2021

Creditors approve KrisEnergy’s Singapore scheme

Cayman-incorporated oil and gas group KrisEnergy has secured creditor support for its Singaporean scheme of arrangement as part of a restructuring of its US$477 million debt pile.

19 January 2021

Ocean Tankers JMs fail to block vessel claims in Singapore

The judicial managers of Singaporean shipping company Ocean Tankers have failed to set aside writs filed against four of its vessels, after a court found they fell outside a restructuring moratorium that was in place against the company at the time.

18 January 2021

Community roundup: hires at Simmons, Dentons and Hunton Andrews Kurth, as Begbies Traynor acquisition launches it offshore

Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.

18 January 2021

Lawyers welcome India’s pre-pack plans

India’s Ministry of Corporate Affairs is inviting public comments on a pre-packaged insolvency framework to help deal with the fallout from the covid-19 pandemic – which local lawyers say could attract foreign investors.

12 January 2021

Community roundup: Hires at Jeantet, White & Case and GÖRG

Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.

11 January 2021

Alita DOCA temporarily blocked over mine sale

The administrators of Singapore-listed lithium miner Alita Resources have been blocked from effectuating a deed of company arrangement, pending a dispute over a sale process they oversaw for a mothballed mine in Western Australia.

07 January 2021

First “persons unknown” injunction granted in Malaysia

In the first reported judgment of its kind in Southeast Asia, a Malaysian court has granted a Mareva injunction to help a German chemical company recover funds from an unknown international fraudster.

06 January 2021

Stephenson Harwood restructuring chair set to join Faegre Drinker in London

Faegre Drinker Biddle & Reath is continuing its rapid growth with the hire of Stephenson Harwood’s head of restructuring Sue Moore.

05 January 2021

Creditors block global oil group’s Singapore scheme

A global oil group has failed to secure creditor approval for a scheme of arrangement in Singapore, which would have helped it restructure over US$200 million of debt.

05 January 2021

Get unlimited access to all Global Restructuring Review content