DEPARTMENT PROFILE

Watson Farley & Williams

Restructuring/Insolvency: International

Band 3SingaporeAsia-Pacific 2021 View ranking table
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chambers review
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Chambers Review

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What the team is known for

Solid team, particularly adept at assisting clients from the shipping, offshore energy and aviation sectors. Especially well equipped to advise lending banks and debtors on restructuring and enforcement matters, particularly those with a cross-border element. Experienced on contentious issues linked to shipbuilding contracts and refund guarantees, and able to bring its expertise in shipping finance to bear on restructuring and insolvency issues.

Strengths

Commentators appreciate the team's capability in handling "cross-border matters that are complex," adding that "they have been helpful finding solutions with very fast turnaround."

Work highlights

Acted for a South Korean financial institution as the arranger on a restructuring of the debt and equity financing of an aircraft worth approximately USD70 million.

Notable practitioners

Goh Mei Lin is a key contact for clients.

Department Information

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Overview

Watson Farley & Williams Singapore has a unique ability to provide maritime, offshore oil & gas and aviation focussed restructuring and insolvency advice to banks and borrowers, advising on the restructuring of debt, bond and leasing facilities within our industry focus. The firm’s maritime and oil and gas restructuring experience is unmatched in Asia. Our unique strength in this practice area lies in our cross-practice group structure, with fee earners from the firm’s dispute resolution, corporate and assets and structured finance teams working together to advise on complex, cross-border transactions.
The transactions we are instructed on involve advice on insolvency regimes in multiple jurisdictions with the requirement for sector expertise on enforcement against particular assets and the practical issues involved. The cyclical nature of the maritime and offshore industries in particular have ensured that over the last two decades WFW Singapore has had a continued prevalence in the restructuring and insolvency work for the biggest names in maritime and offshore oil and gas in Asia. This is representative of the niche expertise required to practise restructuring & insolvency in these industries and is the reason why, for this type of work, we are the firm of choice over and above the mainstream restructuring and insolvency teams.

Members

Adams, Damian

Goh, Mei Lin

Petch, Simon

Roe, Lizzie

Viggers, Charles

Yun, Jeong Min

Clients

Bank of America, N.A.

Bank of Tokyo-Mitsubishi

DVB Bank SE

ING Bank N.V.

Korea Development Bank

Korea Exim Bank

Nord LB

Precious Shipping Public Company Limited

Sabah International Petroleum FP SDN. BH

Société Générale

Industries

Banks

Energy

Financial Services

Transportation

Restructuring/Insolvency: International Department

Watson Farley & Williams

firm
Department location

6 Battery Road #28-00

Singapore

Singapore Island

Singapore

049909

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