Regional news: Thailand

KrisEnergy settles after failing to block Cayman winding-up petition

An oil and gas group pursuing a Singaporean scheme, KrisEnergy, has reached a settlement with a creditor that brought a Cayman winding-up petition against its Thai subsidiary, after failing to secure an injunction on the petition.

30 November 2020

Dean & Deluca’s fifth Chapter 11 plan gets court approval

Thai-owned gourmet retailer Dean & DeLuca has won court approval for its several-times renegotiated Chapter 11 restructuring plan, after former bankruptcy Judge Kevin Carey helped it reach a mediated settlement with stakeholders.

30 November 2020

Thai bank fails to block English fraudulent transfer claim

An English court has refused to strike out a fraudulent transfers claim against a Thai bank, ruling there was a reasonable prospect the claim would be found to have a sufficient connection to England.

25 November 2020

BVI court blocks receivers from replacing Japanese company’s directors

The receivers of a BVI investment company have been prevented from replacing the directors of its Japanese subsidiary, after a local court found a Singaporean investor could not apply on their behalf.

14 October 2020

Thai Airways’ bankruptcy recognised in Australia

An Australian court has recognised Thai Airways’ rehabilitation proceedings – the first Thai bankruptcy to be recognised in the jurisdiction – while another recognition application is also pending in Japan.

09 September 2020

Retired judge to mediate Thai bankruptcy dispute in grocer’s Chapter 11

Retired Delaware judge Kevin Carey has been appointed to mediate in Thai-owned gourmet retailer Dean & DeLuca’s Chapter 11 proceedings, following creditor allegations the US bankruptcy was only filed to benefit its parent’s reorganisation in Thailand.

04 September 2020

Covid-19 calls: Mayer Brown partner John Marsden in Hong Kong

John Marsden, Mayer Brown partner in Hong Kong and managing partner of the firm's Vietnam and Thailand offices, tells GRR that the covid-19 pandemic, unlike the global financial crisis, has given governments and financial institutions “breathing space” to evaluate which companies and industries they are going to support.

20 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

Baker McKenzie advises as Thai Airways pursues restructuring

Baker McKenzie, Herbert Smith Freehills and Southeast Asian firm Tilleke Gibbins are all taking roles in the rehabilitation proceedings for Thailand’s flagship airline, which is next due in court on 17 August.

28 July 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

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