David Chew was appointed as Vice Chair of Chartered Accountants Australia and New Zealand (“CA ANZ”) Singapore Overseas Regional Council.
David Chew, DHC Capital Partner, said “I am delighted to be appointed as Vice Chair of CA ANZ Singapore Overseas Regional Council. I look forward to working closely with the new Chair and the Council in Singapore on key member issues and strategic policy.”
DHC Capital was selected by the Ministry of Law to be on the Panel of Restructuring Advisors for the provision of case administration services for micro and small companies (“MSCs”) undergoing debt restructuring under the Simplified Insolvency Programme (“SIP”).
Read MoreThe Pacific International Lines (Pte) Ltd (“PIL”) scheme meetings were held on 1 February 2021, at which the scheme creditors in the four classes of creditors voted in favour of the proposed scheme of arrangement. The scheme of arrangement is part of a comprehensive debt restructuring and recapitalisation plan involving a capital injection from a new investor in the amount of US$600 million. DHC Capital Partner, David Chew acted as Chairman of the scheme meeting and proposed Scheme Manager.
Read MoreRead on for the GRR article on the completion of the first pre-packaged scheme under Singapore’s Insolvency, Restructuring and Dissolution Act (“IRDA”).
Read MoreDHC Capital acted as lead financial advisor and scheme manager to iflix Pte Ltd on the first “pre-packaged” scheme of arrangement in Singapore under Section 71 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) (“IRDA”).
Read More“Don’t judge each day by the harvest you reap, but by the seeds that you plant”
-- Robert Louis Stevenson
What a year!
The COVID-19 pandemic continues to bring enormous challenges as we adapt to a new normal. Some countries have performed well with quick intervention and financial support to limit the number of infections and damage to the economy.
DHC Capital has been nominated as Chairman of the scheme meeting and to report the results of the scheme meeting to the Court for Pacific International Lines (Private) Limited (“PIL”) scheme of arrangement. Read on for PIL’s announcement on the commencement of the scheme of arrangement process and provision of fresh financing by a new investor.
Read MoreDHC Capital has been nominated as Independent Assessor for KrisEnergy Ltd (SGX: SK3) scheme of arrangement. Read on for KrisEnergy’s announcement on the US$270 million debt restructuring via scheme of arrangement and nomination of DHC Capital Partner David Chew as Independent Assessor to review disputes in respect of the admission or rejection of proofs of debt filed by scheme creditors.
Read MoreRead on for the next publication in our “Insights | Thought Leadership” series with the second edition of our “Guide to super priority rescue financing in Singapore”. The Guide summarises the legislative landscape under the new law and recent cases involving super priority rescue financing in Singapore, including Design Studio Group Ltd’s “roll-up” super priority rescue financing.
Read MoreAn engaging and insightful panel discussion on “Rescue Financing” at the Legal Era-Legal Media Group’s 5th Annual Insolvency Summit 2020 held on 21 October 2020.
Read MoreDavid Chew has been approved by the Ministry of Law as a licensed Insolvency Practitioner in Singapore under Part 3 Division 3 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) (“IRDA”).
Read MoreDHC Capital Partner David Chew will be speaking at a CA ANZ webinar on “Charting out a Career Path which is uniquely yours” on 22 September 2020.
Read MoreRead on for the GRR article on Swee Hong receiving creditor approval for its scheme of arrangement, six months after a Court approved rescue financing with super-priority status.
Read MoreAn engaging and insightful panel discussion on “Rescue and Distress Financing – Seizing Opportunities for Lenders and White Knights” at the ALB Virtual Cross-border Debt Restructuring Forum 2020 held on 3 September 2020.
DHC Capital advised on the debt restructuring and proposed scheme of arrangement of Swee Hong Ltd (SGX: QF6). The creditors meeting was held virtually on 2 September 2020, at which the scheme creditors voted in favour of the proposed scheme of arrangement. DHC Capital Partner, David Chew acted as Chairman of the scheme meeting.
Read MoreRead on for the GRR article on the Insolvency, Restructuring and Dissolution Act (“IRDA”), which is set to come into force on 30 July 2020.
Read MoreRead on for the GRR article on Design Studio Group Ltd (SGX: D11) being granted approval for super-priority rescue financing, including over pre-petition debt that was incurred before filing for insolvency.
Read MoreDavid Chew has been approved by the Accounting and Corporate Regulatory Authority (ACRA) as a Public Accountant in Singapore for the purpose of acting as a Judicial Manager.
Read MoreDHC Capital supported iflix Ltd, a Malaysian head-quartered, South East Asian focused video streaming platform on the sale of assets including, content, technology and resources to Chinese tech giant Tencent Holdings Ltd (HK: 700).
Read MoreDesign Studio Group Ltd (SGX: D11) was granted Court approval for S$62 million super priority rescue financing pursuant to Section 211E(1)(b) of the Companies Act. The rescue financing shall have priority over the preferential debts specified in Section 328(1)(a) to (g) of the Companies Act, and all other unsecured debts. Read on for Design Studio Group’s announcement on the super priority rescue financing.
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