We extend our gratitude to Chamber member Drew & Napier for hosting this content-rich and insightful session on the diverse restructuring and insolvency tools available to businesses in Singapore.

With experts from WongPartnership LLP and AlixPartners LLP, the discussion shed light on practical strategies to reshape capital structures, strengthen operations, and safeguard long-term business sustainability.

🔍 Key Learnings:
The session offered a comprehensive look at how directors can navigate financial distress and make informed decisions that balance shareholder and creditor interests. Highlights included:

• The different restructuring tools in Singapore – from consensual workouts and schemes of arrangement to judicial management, liquidation, and receivership – and how they can be deployed depending on the company’s situation.
• Why directors’ duties shift as insolvency approaches, with creditors’ interests coming to the forefront when a company is in financial distress.
• Red flags directors should watch out for – such as balance sheet insolvency, related-party transactions, undervalue transactions, or unfair preferences – and the risks of wrongful or fraudulent trading.
• Case studies illustrating the legal consequences of breaching duties and the importance of acting bona fide in the best interests of the company.

💬 The panel discussion, moderated by Mr. Muhammed Ismail Noordin, Partner, WongPartnership LLP, featured:
– Dr. Lim Lian Hoon, Partner and Managing Director, AlixPartners LLP
– Mr. Lionel Leo, Partner, WongPartnership LLP

They unpacked themes ranging from directors’ life cycles to internal controls and proactive governance in times of stress.

👏 This event’s success would not have been possible without the insights of our panellists, the guidance of our moderator, and the active participation of our audience. Together, we are shaping the future of corporate governance, restructuring practice, and business resilience in Singapore.

This event is an initiative of the SICC Legal Services Interest Group co-chaired by Benjamin Gaw, Drew & Napier LLC and John Rogers, Walkers (Singapore) Limited Liability Partnership.