BlackOak was one of the firms involved in a Singapore pre-packed scheme of arrangement to restructure the US $300 million convertible bonds of Vietnamese property developer Nova Land Group.
The restructuring of No Va Land Investment Group Corporation (“NVL”) is a significant milestone for the Singapore International Commercial Court (SICC), being the first restructuring plan approved by the SICC. The case which, owing to the expeditious process facilitated by SICC, took only 15 days from commencement to approval showcases the speed and efficiency of pre-pack schemes of arrangement.
The team at BlackOak LLC was led by Darius Tay and assisted by Samuel Loh, Adriel Nee, Jonathan Oh and Alyssa Phua.
Read the article recently published in INSOL’s Restructuring Alert for which our Director Darius Tay wrote the Editor’s note here.
For queries on the article, please contact: Darius Tay or Samuel Loh
If you would like any information or assistance on any restructuring and insolvency matters, please contact the Director at BlackOak whom you normally work with, or submit your inquiries here.
