[SMULA] SMU-IPAS Advanced Certificate in Insolvency and Restructuring Module 8: Financing (GCIR)

This module will discuss the conditions for seeking rescue financing and the various practical challenges associated with it. It will further explore alternative structures for financing without going through a court process. The course will also do an in-depth study of previous cases in Singapore that had sought rescue financing and draw out the learning points for each case.

This module is part of the Advanced Certificate in Insolvency and Restructuring.

LEARNING OBJECTIVES

At the end of the module, participants will be able to:

• Identify and understand the issues faced by distressed companies in raising financing
• Understand the various remedies available, their implications on key stakeholders, and the key considerations in identifying the appropriate solutions to rescue and protect the companies and its stakeholders and/ or to maximise recovery to its creditors
• Understand the power, roles, and responsibilities of as well as issues faced by insolvency practitioners in dealing with the companies being restructured/ placed in some form of insolvent administration
• Overview of the sources of potential funding and the legal and commercial considerations of such potential funders
• Understand the legal and commercial justifications for rescue financing
• Describe the key features and changes to financing structures pre and post insolvency
• Act with greater knowledge and confidence to enhance a company’s success in restructuring and/ or to minimise the impact of an insolvency company on its various stakeholders
• Identify and critically evaluate the appropriate solutions to address a company’s key concerns, and drafting tailor-made solutions to address them

WHO SHOULD ATTEND

• Newly qualified accountants and lawyers pursuing R&I practice or mid-career accountants/ lawyers from other specialisations
• Restructuring/ Financial Advisers
• Bank/ Lender work-out groups

PREREQUISITE

Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.

ASSESSMENT

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

SPEAKERS

Vera Lim

Vera Lim is a Director in the Turnaround & Restructuring practice at Deloitte Singapore. She has experience in corporate restructuring and insolvency matters, including liquidation, schemes of arrangement, independent business reviews and chief restructuring officer (CRO) services. Recent notable cases she has been involved in include the appointment of a CRO and scheme manager over a Singapore-based commodities trader with USD700m in debts, and the liquidation of a global agricultural commodities trader with operations across Asia, the Middle East and Africa.

Vera is a CFA® Charterholder and a member of the Insolvency Practitioners Association of Singapore (IPAS) and the International Women's Insolvency & Restructuring Confederation (IWIRC) Singapore Network.

Muhammed Ismail Noordin
Ismail’s main areas of practice are restructuring and insolvency, and special situation financings with a focus on formal and out-of-court restructurings and special situations deals.
Ismail has been involved in multiple special situation transactions and restructuring matters, including advising debtors and creditors on restructurings and related transactions where debt and transaction values approach or were in the billions of dollars. This includes advising on restructuring and insolvency aspects of complex and/or cross-border transactions. 

Some examples of restructuring and insolvency matters Ismail has advised on are: Three Arrows Capital Limited, the US$10bn cryptocurrency hedge fund that went bankrupt, as counsel to the liquidators; Noble Group, as counsel to the lead bondholder group in its US$3.5bn restructuring; Miclyn Express Offshore, as counsel to the debtors in a scheme of arrangement for US$500m of its debt; Emas Chiyoda Subsea, as counsel to the debtors in a Chapter 11 plan for its US$1.6bn restructuring that was given effect in Singapore pre-Model Law; Xihe Holdings, as counsel to the judicial managers who oversaw a vessel sale programme and attempted restructuring with about US$1bn of debt.

Ismail is recognised as Highly Regarded by IFLR1000 – The Guide to the World's Leading Financial Law Firms since 2024.
 

FEES AND FUNDING