Events

COVID-19: Legal and Practical considerations for in-house counsel to navigate Insolvency Risks

COVID-19: Legal and Practical considerations for in-house counsel to navigate Insolvency Risks

Venue : ZOOM

Event Start Date : Thursday 20 August 2020

Event End Date : Thursday 20 August 2020

Event Start Time : 11:00 am

Event End Time : 12:15 pm

Registration Start Date : Thursday 30 July 2020

Registration End Date : Thursday 20 August 2020

Event Overview:

Clyde & Co Clasis Singapore and KPMG Singapore come together to discuss the legal and practical considerations for in-house counsel to navigate insolvency risks that have arisen due to the COVID-19 situation.

Experts Prakash Pillai (Partner, Restructuring and Insolvency practice Clyde & Co Clasis Singapore) and Junxiang Koh (Legal Director, Clasis LLC, Singapore) along with Owen Hawkes (Partner, KPMG Forensic, Dispute Advisory Services, KPMG in Singapore) will delve into the following:

  • Heightened insolvency risk posed by COVID-19 – what does it mean for counterparties
  • Temporary measures announced by the Singapore Government and impact on the insolvency regime
  • Directors' duties and risk of insolvent trading
  • Challenges for creditors, judicial managers and liquidators in investigating potential fraud during and after the COVID-19 pandemic

 

Speaker Profiles:

Prakash Pillai leads the Insolvency and Restructuring and Commercial Litigation practices of the firm. Prakash’s experience includes top tier insolvency, related contentious work, and litigation in the marine and trade and commodities sectors. He has advised and acted for trading houses, liquidators, companies and insolvency professionals in complex local and regional insolvencies, focusing mainly on the contentious aspects, including trade and commodities’ disputes, financial investigations into suspected fraud, tracing and recovery of assets, and claims against directors of the insolvent company and/or third parties. 

Prakash also specializes in litigation and international commercial arbitration. As a Director of Clasis LLC, he frequently represents clients in commercial litigation matters before the Singapore High Court and Court of Appeal of Singapore. His clients include oil majors, insurance companies, and trading houses.

Described as “measured and strategic” by Chambers Asia Pacific, leading industry journals such as Chambers Global, Chambers Asia Pacific and Global Arbitration Review and Legal 500 have commended his knowledge and expertise consistently.

 

Junxiang is a Legal Director at Clasis LLC, Singapore. Junxiang practices in the fields of insolvency and commercial dispute resolution and is engaged in both Singapore litigation as well as international arbitration. He has particular experience in shareholder disputes, corporate fraud investigations, and corporate insolvencies and restructuring.

 He has an in-depth knowledge of Singapore insolvency laws and has acted for liquidators, scheme managers, judicial managers, and receivers from all the Big 4 accounting firms in all aspects of corporate restructuring, both contentious and non-contentious. He has also has extensive experience acting for secured and unsecured creditors of insolvent companies, both before and during the insolvency proceedings, particularly in the marine, trade and commodities industries.

 

Owen is a Partner in KPMG’s Forensic practice with 20 years of investigation and regulatory litigation experience. He has qualified and practiced both as an accountant and a lawyer. Prior to joining KPMG in Singapore, Owen practiced as a barrister for eight years, six of which was at the British Government’s Serious Fraud Office – the United Kingdom’s lead agency on financial crime and international corruption. Owen joined KPMG Forensic in 2007.”

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