The DNA Restructuring & Insolvency practice group has dedicated restructuring teams with the unparalleled ability to tap into each DNA member’s extensive experience and full range of corporate, finance, litigation and specialist legal services in each jurisdiction to advise on all types of restructuring and insolvency matters, contentious or consensual corporate restructurings as well as investigations and recovery.
The DNA Restructuring & Insolvency practice group regularly acts for distressed companies and their boards in workouts and rehabilitation processes, local and foreign financial institutions and other creditors regarding the bankruptcy and restructuring of companies in local jurisdictions, as well as insolvency practitioners such as liquidators, judicial managers, receivers and scheme managers in the administration of insolvency and restructuring processes as well as investigations and recovery.
The practice group is skilled at finding commercial and practical solutions during moments of financial crisis. We find ourselves playing a role in most of the largest restructurings and insolvencies in our respective countries and the region. The DNA Network gives the practice group a global footprint that offers us exciting opportunities.
Our Cross Border Strength
We are able to offer our clients a single point of contact as well as a collaborative and integrated team drawing on the combined strengths of our firms.
The DNA Restructuring & Insolvency practice group has been involved in major workouts and the most high profile, complex and challenging restructurings in each local jurisdiction, as well as in SE Asia and international cross-border restructurings, including schemes of arrangement, judicial managements, Indonesian PKPU regime and US Chapter 11 and 15 restructurings.
Some of the major restructurings and workouts that the DNA Restructuring & Insolvency practice group have been involved include:
Singapore Restructurings
- Hyflux’s S$2.64 billion debt restructuring.
- Berlian Laju’s US$2.5 billion cross-border debt restructuring involving complex multi-jurisdictional legal and practical issues arising from over 100 vessels operating worldwide.
- Ezra Holdings’ US$1.49 billion cross-border debt restructuring involving parallel restructuring under US Chapter 11 and Singapore judicial management.
Indonesian Restructurings
- APP’s US$14 billion debt restructuring involving 150 subsidiaries worldwide.
- Acted in the US$800 million debt restructuring of companies of a major Indonesian family involving a PKPU composition plan.
- Acted in the restructuring of a US$539 million facility and other debts of an Indonesian telecommunications company.
- Acted in the US$454 million and IDR87 billion debt restructuring of a major Indonesian pulp and paper producer.
- Acted in the US$273.888 million debt restructuring of a textile company listed in Indonesia.
Malaysian Restructurings
- Represented the largest Malaysian lender with RM90 million financing to a world leading Malaysian manufacturer and exporter of premium quality glove products in its judicial management exercise.
- Acted in a RM250 million debt restructuring of a foreign-owned developer involved in high-end development in Johor with both onshore and cross-border debts.
- Acted in a RM10 million cross-border debt restructuring of a wholly-owned subsidiary of a listed company in Malaysia involving parallel schemes of arrangement in Malaysia and Singapore.
- Acted in a RM50 million debt restructuring of a listed company in Malaysia involving a reverse takeover by a white knight.
A comprehensive deals list is available on request.
