Regional news: Malaysia

AirAsia X reshuffles classes after scheme challenges in court

Malaysian low-cost airline AirAsia X has revised its proposed scheme of arrangement to split creditors into two classes, after concerns were raised in Kuala Lumpur's High Court.

06 November 2020

Airline roundup: LCWP acting for lessors in contentious AirAsiaX restructuring

Kuala Lumpur-based Lim Chee Wee Partnership is acting for leasing company BOC Aviation in its efforts to derail Malaysian airline AirAsia X's scheme of arrangement – while Indonesia’s Lion Air is facing a bankruptcy application and Japan’s ANA Holdings has announced a number of cost-cutting measures.

27 October 2020

Singapore court issues winding-up ultimatum in shareholder dispute

The majority shareholders of a Singaporean laser cutting business have been given 10 days to purchase its remaining shares to stop the city-state’s High Court from winding it up, as separate proceedings rumble on in Malaysia.

27 October 2020

Malaysian-controlled cruise ship operator seeks restructuring

Kirkland & Ellis and PJT Partners are advising Malaysian-controlled cruise ship operator Genting Hong Kong, which is pursuing an “holistic debt restructuring” after halting payments on its US$3.37 billion debt pile.

21 August 2020

RHTLaw advising as Hiap Seng Engineering files for JM in Singapore

Singapore-listed oil and gas services company Hiap Seng Engineering and one of its subsidiaries have filed separate applications for judicial management in the city-state, with RHTLaw advising.

29 July 2020

ASEAN property groups plan schemes in Singapore and Malaysia

Cayman-incorporated Capital World has launched a proposed pre-packed, fast-track scheme of arrangement in Singapore, while subsidiaries of Singapore’s Hatten Land have obtained moratoria in Malaysia ahead of launching two local schemes.

24 July 2020

Malaysian steel maker seeks US injunction following English recognition

The foreign representative of a Malaysian steel maker is seeking Chapter 15 protection in California to block an attachment claim, weeks after an English court granted similar relief.

20 March 2020

Online grocer seeks Singapore scheme

A Silicon Valley-backed retail start-up in Singapore has announced it will pursue a scheme of arrangement for its S$248 million debt, and appointed Oon & Bazul and DHC Capital for advice.

05 August 2019

Apple reseller to sack CEO amid judicial management filing in Singapore

Facing a judicial management application, a Singaporean technology retailer has said it will sack its absent executive chairman over allegations that he signed off on finance agreements worth millions without authorisation.

29 July 2019

Singapore venture fund enters judicial management

A Singaporean court has placed a local venture fund under judicial management, after hearing that its former managers allegedly withheld financial information to depress the company’s value and yield a lower recovery for shareholders.

18 July 2019

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