Rajah & Tann Singapore, member firm of Rajah & Tann Asia, is advising Dasin Retail Trust Management Pte. Ltd., as trustee manager of Dasin Retail Trust (“Trustee Manager”), in a landmark cross-border restructuring of Dasin Retail Trust, Singapore’s only China-focused retail property trust with over S$1 billion in assets across the Greater Bay Area. In a first-of-its-kind ruling, the Trustee-Manager secured a moratorium under section 64 of the IRDA, addressing novel legal issues around the applicability of the provision to business trusts and the classification of their creditors. Partners Andre Yeap, SC and Priscilla Soh from the Commercial Litigation Practice along with Partners Chew Xiang, Linda Qiao and Raelene Pereira from the Restructuring & Insolvency Practice and Partners Sandy Foo and James Chan from the Mergers & Acquisitions Practice are leading the transaction.