This module is part of the Graduate 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.

Joel Chng

Joel Chng is a Partner with Wong Partnership in the Restructuring & Insolvency and Special Situations Advisory Practice. His main areas of practice are litigation and arbitration, involving banking and commercial transactions, corporate and shareholder disputes, restructuring and insolvency. On the restructuring and insolvency front, Joel acts for corporate debtors, turnaround professionals and investors. Matters of significance in which Joel has been involved in include acting/ advising for the judicial managers of Xihe Holdings in the restructuring of the Xihe Holdings group of companies, and EMAS Chiyoda Subsea Limited and its subsidiaries on their cross-border restructuring of debt in excess of S$1 billion.

Joel was recognised as one of the winners for Lawyer of the Year (Client Service Excellence) for Singapore in the asialaw Awards 2021. Joel’s expertise has been recognised by Chambers Asia-Pacific – Asia-Pacific's Leading Lawyers for Business where he has been noted for being "sound in his advice, which is very careful but also commercial." He has also been highlighted for being "extremely user friendly and consistently on point in his legal advice." by The Legal 500: Asia Pacific – The Client's Guide to the Asia Pacific Legal Profession. Joel has also been ranked as a "notable practitioner" in the area of restructuring and insolvency by asialaw Leading Lawyers.

FEES AND FUNDING