Restructuring & Insolvency
WongPartnership LLP’s Restructuring and Insolvency Practice is a market leader in delivering cutting-edge legal solutions for high-stakes, complex restructuring and insolvency matters. The practice is renowned for its expertise in both contentious and non-contentious scenarios, advising a wide spectrum of stakeholders, including corporations, creditors, and insolvency practitioners.
By drawing on the Firm’s in-depth knowledge of various industries as well as its disputes expertise to procure commercially sustainable solutions, we offer a targeted and sophisticated interdisciplinary approach that ensures our stakeholders are fully advised on the whole spectrum of issues that arise in heavily leveraged situations. These include debtor-in possession and multiple part financing, inter-creditor claims, recovery and "make whole" actions, cross-border disputes, asset acquisitions and disposals, alleged breaches of fiduciary duty, protection of creditors from liability, and the formulation and implementation of restructuring plans.
The practice has been involved in some of the most high-profile restructuring and insolvency cases in recent years, cementing its reputation as the go-to advisor in the region. We have advised on every significant listed company restructuring in Singapore and regularly advise stakeholders in pivotal cross-border restructurings in ASEAN. Some notable matters that the team has handled include: the US$3.3 billion restructuring of Pacific International Lines (including an innovative and pragmatic structure for a US$112 million emergency cash facility), acting for the Liquidators in the crypto hedge fund Three Arrows Capital to recover assets globally to meet the estimated US$3.5 billion in debt, and acting for the Judicial Managers of Xihe Holdings and over 40 of its subsidiaries to resolve over US$1 billion in debt.
The firm’s standout performance in such cases has garnered significant industry recognition. WongPartnership’s Restructuring and Insolvency Practice and its partners are consistently ranked in top tiers by leading legal directories, including Chambers Asia-Pacific, The Legal 500, Global Restructuring Review (GRR 30 and GRR 100), IFLR1000, asialaw, Who’s Who Legal, Benchmark Litigation, and won numerous awards for their expertise in restructuring and insolvency matters.
With an unparalleled track record in handling some of the region’s most complex and high-profile cases, WongPartnership LLP’s Restructuring and Insolvency Practice continues to set the benchmark for excellence in the industry.