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Counsel Danny Quah comments on the Hyflux restructuring in 联合早报
4 Jun 2020
Our Counsel Danny Quah was quoted by 联合早报 in their article titled “Academics and market players believe that Hyflux will be wound up” (4 June 2020).
An English translation of the quote is appended below:
“Providence Law Asia’s Danny Quah, a lawyer who has assisted many companies in their debt restructuring processes, said in an interview that the criminal investigations against Hyflux’s board do not prevent the company from carrying out its debt restructuring plans. However, any criminal findings that are detrimental to the company or its directors may still affect the viability of the restructuring because what the company has previously presented to the High Court, creditors, and investors on these issues may be put in doubt.”
You can find a copy of the article at here