Insights – Key takeaways from presentation on pre-pack schemes at the IWIRC x IPAS Lunch & Learn
DHC Capital Partner, David Chew presented on pre-pack schemes in Singapore at the inaugural IWIRC x IPAS Lunch & Learn held on 20 July 2023.
The presentation covered the following main areas: (i) Introduction and overview of the legal regime for pre-pack schemes in Singapore, (ii) Evolution of pre-pack schemes in Singapore including an overview of key features of successfully completed pre-pack schemes and (iii) Lessons learned.
Key takeaways from the presentation:
Pre-pack schemes are a proven tool and emerging as a first-choice option
Pre-pack schemes are best suited for smaller creditor groups with clear creditor classification
Key benefits of pre-pack schemes include speed and certainty, flexible tool for structuring scheme terms and use of ancillary tools such as the creditor moratorium and foreign recognition
Full and proper disclosure is essential
Special thanks to venue host, WongPartnership LLP.
Read on for a copy of the presentation slides.
About IWIRC
International Women's Insolvency & Restructuring Confederation ("IWIRC”) is committed to the connection, promotion and growth of women in insolvency and restructuring professions worldwide. Since 1994, IWIRC has been connecting women worldwide through a global membership of more than 1,000 attorneys, bankers, corporate-turnaround professionals, financial advisors and other restructuring practitioners. The organisation provides its members with relationship-building, educational, career enhancement and promotional opportunities. The Singapore Network of IWIRC was established in 2009. For more information, visit www.iwirc.com.
About IPAS
The Insolvency Practitioners Association of Singapore Limited (“IPAS”) was incorporated on 12 April 2005 with the support of the Institute of Singapore Chartered Accountants (ISCA), the Law Society of Singapore (Lawsoc) and the Official Receiver and Official Assignee of Singapore. IPAS aims to be the premier professional body for the insolvency profession in Singapore with emphasis on training, continuing professional development and ethics.
