COMING SOON

Debt / Asset Recovery & Insolvency

ML Chambers’s expertise in both debt / asset recovery and insolvency work allows our team to see through related engagements from start to end and to make longer term strategic calculations for our clients.

We advise individuals and corporations in both simple (including bulk debt recovery) and complex (and often cross-border) debt / asset recovery matters. We do not believe in cookie cutter solutions and tailor every debt / asset recovery strategy to the specific circumstances of each client. ML Chambers advises and acts for both creditors and debtors.

Complementing our debt / asset recovery arsenal, our lawyers also routinely advise on individual bankruptcy and corporate insolvency matters. Our team has acted for High Net-worth Individuals in resisting bankruptcy applications and acted for and advised corporate clients in respect of contested liquidations (involving forensic accounting), statutory moratoriums, judicial management applications, etc, under the Insolvency, Restructuring & Dissolution Act (IRDA).

NOTABLE CASES

  • Represented directors in resisting bankruptcy applications filed by the company’s corporate debtor (seeking to enforce personal guarantees in respect of a corporate debt) for debts in excess of $15 million.
  • Represented creditors in resisting the debtor’s application for a moratorium under Section 64(1) of the Insolvency, Restructuring and Dissolution Act. Total debt amount exceeding $10 million.
  • Represented debtor (Singapore public listed company) in its application for a moratorium under Section 64(1) of the Insolvency, Restructuring and Dissolution Act. Total debt amount exceeding $18 million.
  • Represented a corporate group (headquartered in Singapore) in a twin action to resist a pending winding-up attempt and a judicial management application.
  • Represented creditors in the enforcement of an English (UK) judgment in respect of assets worth more than USD 17 million against foreign state-owned entities.
  • Represented a corporate group, comprised of a company (publicly listed on the SGX) and its wholly owned subsidiary (a private limited company that undertook the core business of the group) in a concurrent application for a moratorium pursuant to section 64 and section 65 (related company) of the Insolvency, Restructuring and Dissolution Act.

Topics

All Topics
Specialised Corporate Law Litigation
Corporate Investigations & Regulatory Advisory
Arbitration
Appellate Advocacy
Debt / Asset Recovery & Insolvency
Deal / Transaction Advisory
General Commercial Litigation