Client update – April 2020

“We’re all in this together”
-- English proverb

We live in uncertain times as we adjust to a new economic and social landscape brought on by the global coronavirus (COVID-19) pandemic.

Priority is health and safety

The immediate priority is to keep yourself and your family safe and well. We can get through these tough times by staying united and following the measures put in place - Stay at home. Wash your hands. Quarantine yourself if you are not feeling well.

Surviving the crisis

We published short form articles in our “Insights | Thought Leadership” series with steps that corporates can immediately take to address the day to day operating challenges and availability of liquidity (“COVID-19: Navigating a crisis”) and the new measures to existing insolvency laws to help companies get through these very difficult times (“COVID-19: Key takeaways from Singapore’s COVID-19 (Temporary Measures) Bill”). We trust that these articles will be a useful resource during these tough times.

Rescue and relief capital

We were involved in the second super priority rescue financing in Singapore; first involving super priority over assets not otherwise subject to any security interest (Swee Hong Ltd). The completion of this ground breaking transaction follows on from our involvement in the first successful super priority rescue financing in Singapore (Asiatravel.com Holdings Ltd).

We are here to help during these tough times

We support management teams on short term cash management and have access to capital providers to raise rescue or relief capital for corporates requiring immediate funding to address short-term working capital needs.

Stay healthy and safe everyone.