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UPCOMING EVENTS
Blossom Hing, Director, Corporate Restructuring & Workouts/Dispute Resolution, Drew & Napier LLC
Venue : Stamford American Auditorium (AmCham Office, 1 Scotts Rd, #23-03 Shaw Centre)
Date : September 06, 2017
Time : 7:45 AM - 9:00 AM
Price : $0.00
Please add to calendar before registering for the event
Description
Hosted by the Legal & IPR and Financial Services Committees
Debt restructuring work has been on the rise
and this trend is expected to continue in the immediate future. While
Asia’s long-term economic prospects remain positive, cyclical headwinds will affect
certain sectors. Non-bank borrowers will have to repay US$281.7
billion (Asia) and US$27 billion (Singapore) over the next 4 years.
Globalization has led to more
businesses with international presence, but cross-border debt restructuring
work frequently centers in a single “lead” jurisdiction. Given Singapore’s location in the
heart of Asia and its position as a global financial, business and legal hub,
it took initiatives to position itself as a centre for international debt
restructuring.
In 2013, the first Insolvency Law
Review Committee was formed which highlighted the opportunities for Singapore
as a center for international debt restructuring. The Committee to
Strengthen Singapore as an International Centre for Debt Restructuring was also
set up. This Committee published its recommendations on strengthening
Singapore’s restructuring ecosystem in April last year.
Amendments were made to the
Companies Act to enhance Singapore’s debt restructuring framework made based on
the recommendations of both Committees. The Companies Act amendments took
effect on 23 May 2017.
The talk will discuss Singapore’s new bespoke
restructuring regime and how the recent Companies Act amendments are a game
changer that brings Singapore to the next level.
About the Speaker
Blossom Hing
Director
Corporate
Restructuring & Workouts/Dispute Resolution
Drew & Napier
LLC
Blossom’s practice is focused
on debt restructuring and insolvency work. She is also actively involved in
court (appearing before the Singapore High Court and Court of Appeal) and
arbitration (SIAC, LCIA, HKIAC and IICRA) work, handling contentious
commercial, shareholder, employment and other disputes.
She works extensively with
clients based in Indonesia, China, Hong Kong, the US and Europe as well as
Singapore. Blossom has been recognized in Asia Pacific Legal 500,
Chambers Asia-Pacific, IFLR1000, Asialaw Leading Lawyers, Asialaw Profiles and
Best Lawyers International for her dispute resolution and
restructuring/insolvency work.