WE ARE DOMAIN EXPERTS.
We are no strangers to the scene. As a dedicated distress situations practice, we act on all sides of the process, representing a gamut of stakeholders including insolvency professionals, debtors, creditors, funds, and white knights.
WE ARE BUSINESS SAVVY.
Law does not exist in a vacuum, and neither do we. We work closely alongside other industry professionals to provide business-driven and context-specific legal solutions in complex commercial situations.
WE PACK A PUNCH.
Our size and structure allow us to operate without the usual corporate baggage and bureaucracy. This means quicker turnarounds, far fewer business conflicts, and an unusually high level of senior involvement at small firm economics.
WE TAKE SIDES.
We are fully invested in our clients' problems and do not shy away from difficult positions. Our reputation as effective negotiators and tough litigators means we are not afraid to valiantly defend your interests from boardroom to courtroom.
The rapidly changing financial landscape presents new legal challenges that require innovative solutions. We have been pushing new frontiers in almost every headline distress deal or transaction in the recent years and know what works and what doesn't, in complex, cross-border matters.
- Advising and representing J Trust Co., Ltd, a Japanese public company listed on the TYO, and its Indonesian subsidiary, in relation to a claim in the Singapore High Court in excess of USD110 million taken out by entities related to a distressed debt and litigation opportunities investment firm.
- Advising and representing the liquidators of Power Solar System Co., Ltd in its ongoing USD197 million claim against a formerly related company within the greater Suntech Power group of companies. Notable highlights include successfully obtaining a worldwide Mareva injunction from the Singapore High Court in 2014.
- Advising Glencore and BP as Singapore counsel in the complex restructuring of Jurong Aromatics Corporation, which was planned to be one of the largest aromatics plants in the world when completed. Jurong Aromatics Corporation was also the pioneer customer of the Jurong Rock Caverns in Singapore, a world-class petrochemical storage facility. The facility fell into financial distress due to market conditions, with a total debt in excess of USD 3 billion.
- Acting for Noble Resources International Ltd in a successful application for a proprietary injunction to restrain coking-coal miner PT Asmin Koalindo Tuhup -while under the Indonesian PKPU process (a process for the temporary postponement of payment of debts in Indonesia) -from disposing of coal within the latter's possession in aid of pending arbitration to resolve a dispute over Noble’s title claim over the coal.
- Advising the fund-heavy Committee of Noteholders of Bumi Investment Pte Ltd and Bumi Capital Pte Ltd as Singapore counsel, in the USD4 billion debt restructuring of PT Bumi Resources Tbk and its subsidiaries and affiliates. Bumi Investment and Bumi Capital were used to raise funds for PT Bumi Resources Tbk. The brief involved a variation of certain moratorium orders obtained in Singapore, and concurrent negotiations involving stakeholders and counsel from multiple jurisdictions.
- Advising and representing the liquidators of Vanguard Energy Pte Ltd (which had revenues in excess of USD1 billion) in various aspects of the liquidation that included litigating across a number of jurisdictions. Highlights in this brief include successfully obtaining approval by the High Court of Singapore for litigation funding of insolvent companies.
- Advising and representing Bilcare Research AG, a white knight investor in the judicial management of Bilcare Singapore Pte Ltd, which led to a successful restructuring of USD 90 million in debt. Highlights of the brief included the settlement of suits and arbitrations in several jurisdictions and securing new financing for the restructured company.
- Advising and representing Standard Chartered Bank in its appeal to the Singapore court against the liquidators of Zhong Jun Resources (S) Pte Ltd in respect of the liquidators’ decision to reject SCB's proof of debt. Zhong Jun’s total indebtedness to SCB is in excess of USD 80 million.
- Advising and representing Mitsubishi UFJ Leasing & Finance Co., Ltd, the largest bilateral lender in the global restructuring of PT Berlian Laju Tanker Tbk's USD2.4 billion debt. There were parallel restructuring processes in Singapore, Indonesia, and the United States.
- Advising the nominee of the collateral agent in respect of the restructuring of Altus Shipping and Logistics Pte Ltd, who had outstanding debts of approximately USD94 million. Altus Shipping’s principal activities are those of ship owning, operating and chartering, ship agency, stevedoring and vessel related services, management of transportation establishments and operations, and investment holdings, and is part of the larger international Altus Group.