Restructuring & Insolvency

  Overview  

Our Expertise

Skrine regularly acts on all aspects of corporate and personal insolvency and works closely with financial advisers /consultants, receivers and managers, liquidators and special administrators in such matters. We also advise and enforce the rights and remedies available to creditors or target corporations in the courts or other venues of judicial process. 

Notable Experience

  • Acted at the trial for former receivers and managers of a company in successfully opposing a suit brought by the company seeking among others, damages of RM1.28 billion based on a purported wrongful appointment of the receivers and managers.
  • Acted for provisional liquidators of a delisted public-listed company in resisting/defending multiple applications for restraining orders and other mandatory orders filed by various creditors and shareholders seeking to compel the company/provisional liquidators to take specific steps pursuant to different proposed schemes of arrangement.
  • Acted for directors of a wound up company and successfully opposed a committal application for an alleged breach of the winding up Order and to successfully oppose an action for fraudulent trading brought against the directors.
  • Acted in the Court of Appeal in which it was the first appellate case to establish the test to be applied for the grant of an injunction to restrain the presentation of a winding up petition.
  • Advised a subsidiary of a major government linked company which was the largest Scheme Creditor with a debt of more than RM 180 million in a proposed Scheme of Arrangement involving the restructuring of over RM 1.4 billion worth of debt. Advice included possible grounds in opposition of the Proposed Scheme and the setting aside of the Restraining Order.
  • Advised and acting for a subsidiary of a major government linked company which was the largest Scheme Creditor with a debt of more than RM 260 million in a proposed Scheme of Arrangement involving scheme liabilities of more than RM 1 billion. Presently acting as lead counsel in applying for the setting aside of the Restraining Order and to oppose the Scheme of Arrangement.
  • Advised and acted for a housing developer in the successful revival of an abandoned housing project through two separate Schemes of Arrangement in restructuring the accrued liquidated ascertained damages.
  • Acted for receivers and managers where there is a challenge to their appointment.
  • Acted for the liquidator where there was a dispute arising from a sales and purchase agreement.
  • Acted for the receiver and manager where a guarantor has alleged breach of duty on the part of the receiver and manager in the sales of charged assets.

 

 
ACCOLADES & AWARDS

Benchmark Litigation Asia-Pacific 2018

alb-mla-2018-winner

We are pleased to announce that our firm is recognised as a Top Tier Firm in the inaugural Benchmark Litigation Asia-Pacific 2018. Some of our partners were also listed in the rankings.

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Who’s Who Legal Awards 2018

alb-mla-2018-winner

We are pleased to announce that Skrine has once again been named Malaysia Law Firm of the Year. The award was conferred at the Who’s Who Legal Awards 2018 on 8th May 2018 in London, United Kingdom.

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Asian Legal Business Malaysia Law Awards 2018

alb-mla-2018-winner

Skrine has been ranked as Arbitration Law Firm of the Year and Maritime Law Firm of the Year.

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The Chambers Asia Pacific 2018 Rankings

Skrine has been ranked as Leading Firm for Dispute Resolution, Intellectual Property and Projects, Infrastructure & Energy.

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PDPA NOTICE

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