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Abu Dhabi-based healthcare chain NMC Health has hired Allen & Overy, Big Four firm PwC, and global investment bank Moelis & Company to advise on its US$2 billion debt restructuring, following allegations of discrepancies in its finances.
02 March 2020
Singaporean investor Aqua Munda has extended the deadline for Hyflux’s noteholders and unsecured creditors to tender their debt buyout offers.
05 February 2020
One day after WongPartnership applied to discharge itself as counsel to Hyflux, the struggling Singaporean utility has appointed Clifford Chance and its local partner Cavenagh Law as its new legal advisors.
30 January 2020
Struggling Singaporean utility Hyflux has secured another month-long extension to its debt moratorium after WongPartnership applied to discharge itself as counsel to the company, with Norton Rose Fulbright or Milbank primed to take over.
29 January 2020
Three days after the High Court in London convened a pair of scheme meetings for its first- and second-lien lenders, Dubai-owned alloy manufacturer Doncasters Group has filed Chapter 15 proceedings in Delaware.
21 January 2020
Singapore’s struggling water treatment company Hyflux has asked creditors to file proofs setting out their claims, as it looks to convene scheme meetings to vote on its restructuring deal with UAE utility Utico.
10 January 2020
An Indonesian white knight investor that allegedly broke off a restructuring plan with Singaporean water treatment company Hyflux has been granted leave to pursue a counterclaim against the company while its restructuring moratorium continues.
07 October 2019
The rule against reflective loss is “driving litigants away from the seat of justice,” lawyers for UK foreign exchange broker Marex have told the UK Supreme Court as they seek to overturn a Court of Appeal ruling from June last year.
08 May 2019
The courts of the Dubai International Financial Centre have recognised a British Virgin Islands court’s appointment of a liquidator for the first time.
29 March 2019
The judicial manager of Singapore-incorporated CNA Group has been refused a seventh request to extend a judicial management order originally issued in September 2015, after an agreement entered with Malaysian buyers fell through.
20 March 2019
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