Borrelli Walsh’s Managing Director Jason Kardachi and Directors Hamish Christie and Patrick Bance approved as licensed Insolvency Practitioners in Singapore

Borrelli Walsh is delighted to announce that Managing Director Jason Kardachi and Directors Hamish Christie and Patrick Bance have been approved as licensed Insolvency Practitioners in Singapore.

Under the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) (and any revised editions) and the Insolvency, Restructuring, Dissolution (Insolvency Practitioners) Regulations 2020, a licensed Insolvency Practitioner is required to undertake insolvency appointments in Singapore in the following:

  • Judicial management;
  • Liquidation (Court-ordered winding up and Creditors’ voluntary winding up);
  • Receivership; and
  • Personal bankruptcy and voluntary arrangement.

In the past three years, Borrelli Walsh has advised on major restructurings and insolvency assignments in Singapore, with an aggregate debt value in excess of USD15 billion. Borrelli Walsh was most recently appointed as Judicial Managers by the Singapore High Court to Hyflux Ltd and its subsidiary Hydrochem (S) Pte Ltd in November 2020.

Contact us at bw@borrelliwalsh.com to find out how we can support you in crisis management and maintaining and stabilising financially distressed businesses.