Regional news: Singapore

Interim recognition in Australia for Greensill Bank administrator

Greensill Bank’s German insolvency administrator has obtained interim recognition in Australia and has used Eversheds Sutherland to make a similar application in the UK.

07 April 2021

Hogan Lovells leads on €4.5 billion restructuring of French hotel operator

A long list of law and advisory firms have helped international hotel operator AccorInvest Group secure additional financing and complete a multi-jurisdictional restructuring of its €4.5 billion debt pile.

07 April 2021

Greensill enters provisional liquidation in Singapore

Greensill’s Asia arm has entered provisional liquidation in Singapore, following the finance group’s UK and Australian administration proceedings, German insolvency filing and US Chapter 11.

30 March 2021

Singaporean hotel group fights Chapter 11 dismissal motion

Hotel portfolio owner Eagle Hospitality Trust is battling to prevent a Delaware court from dismissing Chapter 11 cases filed by its Singaporean affiliates, while part of the group has entered liquidation in Singapore.

30 March 2021

ABLI & INSOL: Is Singapore a good alternative for Indonesian companies?

Lawyers from Singapore and Indonesia compared the pros and cons of their jurisdictions for international restructurings featuring Indonesian companies, at a webinar organised by the Asian Business Law Institute and INSOL International.

30 March 2021

English court sanctions gategroup restructuring plan

Swiss airlines services provider gategroup has secured sanction of its UK restructuring plan after adding an additional provision to help ensure it is effective in Switzerland.

26 March 2021

Moratorium application dismissed as unfeasible in Singapore

In what local lawyers say is one of the first tests of the IRDA regime, a Singaporean court has refused to grant a restructuring moratorium to an electronics company, finding its proposed scheme of arrangement was not feasible.

23 March 2021

Indonesian businessman refused Singapore IVA on appeal

An Indonesian businessman who had his voluntary arrangement thrown out earlier this year because it appeared to be funded by a foreign third party in a poor financial state, has failed to convince the Singapore High Court to reinstate it on appeal.

12 March 2021

Hin Leong wound up in Singapore after JMs fail to find buyer

Singapore oil trader Hin Leong is set to be wound up after its judicial managers failed to secure a sale of its assets, nearly a year after a financial scandal scuppered its restructuring moratorium.

10 March 2021

Pacific International Lines scheme sanctioned

Southeast Asia’s largest shipping liner Pacific International Lines has secured a unique scheme of arrangement in Singapore, which its lawyers say is one of the largest and quickest cross-border restructurings undertaken since Singapore’s new regime was implemented in 2017.

04 March 2021

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