This module provides participants with knowledge on the different modes of winding up, and with a particular focus on court-ordered winding up. The course will explore how a company can be placed in liquidation and the effects of a liquidation, legal implications on the stakeholders, the roles and powers of liquidators, and the practical and commercial issues to consider over the course of the liquidation administration. A section of the module will also cover another form of recovery, mainly for secured creditors which is receivership and its relationship with the liquidation process. Participants will also learn the basics of personal bankruptcy and the administrative process to exit bankruptcy through a discharge and/or an annulment.
This module is part of the Advanced Certificate in Insolvency and Restructuring.
LEARNING OBJECTIVES
At the end of the module, participants will be able to:
- Gain competency on the different types of insolvency regimes in Singapore
- Be familiar with the powers and duties of liquidators and the practical aspects of managing a winding up, especially in the context of a Court-Ordered Winding Up
- Gain basic knowledge and understanding of receivership and bankruptcy administration in Singapore
WHO SHOULD ATTEND
- Newly qualified accountants and lawyers pursuing R&I practice or mid-career accountants/ lawyers from other specialisations
- Restructuring/ Financial Advisers
- Bank/ Lender work-out groups
PREREQUISITE
Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.
ASSESSMENT
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
SPEAKERS
Gary Goh
Gary is an experienced insolvency practitioner at RSM and the Deputy Industry Lead for the Real Estate & Construction Practice. He has a strong track record in managing complex insolvency and restructuring assignments, including liquidation, receivership, judicial management, schemes of arrangement, turnaround consulting, and private trustee in bankruptcy appointments. At RSM, Gary has led several successful schemes of arrangement, enabling company turnarounds and recovery.
Before joining RSM in 2018, Gary worked for over a decade in the restructuring division of a Big 4 accounting firm. He has advised public-listed companies and SMEs across diverse sectors such as construction, shipping, financial services, oil and gas, retail, legal services, food and beverage, and manufacturing.
Gary is a founding executive committee member and co-chairperson of the Young Insolvency Practitioners’ Committee of the Insolvency Practitioners Association of Singapore (IPAS). He also contributes to professional education as an instructor for the SMU Insolvency & Restructuring Course and the SMU-IPAS Advanced Certificate Programme.
Looi Xuan Jing
Xuan Jing specialises in corporate insolvency and restructuring in Singapore. She manages a wide range of cases, including company wind-downs, judicial management, receivership, and turnaround consulting. With extensive experience across sectors such as F&B, retail, construction, and healthcare, she provides expert guidance to clients navigating complex challenges. Xuan Jing holds credentials as a Chartered Accountant of Singapore, a Fellow of Insolvency Practitioners Association of Singapore, and a member of the Association of Chartered Certified Accountants.
Brenda Chow
Brenda Chow leads a dedicated team in administering bankruptcy estates, ranging from issues associated with asset realisations, adjudicating creditors’ claims, and investigating antecedent transactions to possible offences committed by bankrupts, etc.
Before joining the Firm in 2016, Brenda was with a Big 4 accounting firm for 10 years managing corporate restructuring and recovery work, covering all segments from small and medium to listed and multi-national companies across a wide spectrum of industries.
Mitchell Yeo
Mitchell Yeo is a Director (Corporate Restructuring & Workouts) at Drew & Napier LLC. He specialises in debt restructuring matters, being actively involved in some of the largest restructurings in Asia. He has acted for and advised stakeholders across the spectrum of profiles, including investors, insolvency office-holders, financial creditors, and restructuring debtors, and in both transactional and contentious contexts. Mitchell has also had extensive experience in corporate and individual insolvency matters, having advised both insolvency office-holders and creditors on a variety of issues encountered during liquidation, judicial management and bankruptcy, including corporate/ commercial disputes during insolvency situations.
Mitchell has been named twice in 2021 and 2023 by The Asia Pacific Legal 500 as a Recommended Lawyer, being described as “outstanding” and “lifting above his weight class” for his restructuring and insolvency work, and was named by Singapore Business Review as one of Singapore’s most influential lawyers under 40.
Mohan Gopalan
Mohan is a Director in the Corporate Restructuring & Workouts team at Drew & Napier LLC. He specialises in insolvency and debt restructuring and regularly advises debtors, creditors and insolvency office-holders on transactional and litigation aspects of insolvency and debt restructuring matters.
Mohan has been involved in several major debt restructuring transactions, including the US$2bn restructuring of PT Berlian Laju Tanker Tbk, which was named the Restructuring Deal of the Year at the IFLR Asia Awards 2016 and Insolvency Deal of the Year at the Asian Lawyer Emerging Markets Awards 2016. He has also been involved in several landmark cases concerning insolvency and debt restructuring, including Media Development Authority of Singapore v Sculptor Finance (MD) Ireland Ltd [2014] 1 SLR 733, BNY Corporate Trustee Services Ltd v Celestial Nutrifoods Ltd [2014] 4 SLR 331 and Re Pacific Andes Resources Development Ltd [2018] 5 SLR 125.
Mohan is recognised by many leading legal ranking publications for his work in Restructuring/Insolvency. He is ranked a 'Leading Lawyer' by Chambers & Partners and a 'Next Generation Partner' by Legal 500 Asia Pacific. In addition, he is named a ‘Rising Star Partner’ by IFLR 1000 and a 'Rising Star' by Asialaw Leading Lawyers. He was also listed in the inaugural ‘40 under 40’ list of restructuring lawyers compiled by the Global Restructuring Review in 2016, and identified as a 'Rising Star' in Restructuring at the 2016 IFLR Asia Awards.
FEES AND FUNDING
