Home > [Webinar] Restructuring and Insolvency: review of recent cases with an emphasis on cryptocurrency and cross-border insolvency cases
[Webinar] Restructuring and Insolvency:
review of recent cases with an emphasis on
cryptocurrency and cross-border insolvency cases
The Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) was passed by the Singapore Parliament on 1 October 2018, as part of Singapore’s efforts to become the preferred hub for cross-border financial disputes and debt restructuring. In the three years since the enactment of the IRDA, there have been significant developments in Singapore’s restructuring and insolvency laws, in part due to a string of high-profile collapses in the cryptocurrency space.
This webinar examines the developments in Singapore’s restructuring and insolvency framework through a review of recent notable cases, including an examination of how Singapore’s restructuring framework has been leveraged by cryptocurrency companies in distress. The seminar also highlights contemporary issues in cross-border insolvency, along with recent developments in insolvency and arbitration.
Cryptocurrency and Schemes of Arrangement
Babel Finance Group, Vauld, Zipmex Group (including application of centre of main interest (COMI))
Cryptocurrency cases in Judicial Management / Winding Up
Hodlnaut, Three Arrows Capital
Cryptocurrency and cross border issues
Three Arrows Capital, Torque (proceedings are ongoing for this cryptocurrency trading platform)
Arbitration and Insolvency
Anan Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company)
Gulf International Holding Pte Ltd v Delta Offshore Energy Pte Ltd (Arbitration clause in judicial management proceedings, Salford exception applied)
Senior Partner Ajinderpal Singh co-heads Dentons Rodyk’s Restructuring, Insolvency & Bankruptcy, White Collar and Government Investigations and Competition & Antitrust practices.
Ajinder has presented judicial management petitions for various creditors, and has also been involved in preparing schemes of arrangements between companies and their creditors and reconstruction and amalgamation schemes for solvent groups of companies, often under time-sensitive and pressing conditions. He has represented receivers and liquidators and assisted them in investigations into the affairs of the company, notably in cases involving fraud and suspected insolvent and fraudulent trading. His banking experience includes complicated disputes concerning syndicated loans in excess of tens of millions of dollars.
Ajinder is the main author of the Insolvency, Restructuring and Dissolution Act Compendium published by LexisNexis in November 2020.
Ajinder is a key partner in Dentons Rodyk’s Restructuring, Insolvency & Bankruptcy practice and an industry veteran. He is ranked in various legal directories and has also been commended by clients in recent Chambers Asia-Pacific Guides: “Ajinderpal Singh has a robust legal practice in Singapore, advising insolvency appointees and companies in distress on domestic and cross-border restructurings and insolvencies”. Clients appreciate that “he is very proactive and protects our risks with so much intensity”. Clients have also praised Ajinder for being “very cool, calm and collected under pressure, and always a safe pair of hands”.
Ajinder is a member of INSOL and IPAS.
Attendance Policy to obtain CPD Points
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.