Date: Jan 21, 2013
Categories: Risk and Regulation
Keywords: Norton Rose
January 16th 2013 - International legal practice Norton Rose has announced a series of seminars across Asia that examine the issues concerning cross-border insolvency and examines key practicalities regarding restructuring with an emphasis on shipping in Singapore (21 January) and Tokyo (23 January). The Hong Kong event on 22 January will focus more broadly on issues concerning cross-border insolvency.
Each talk will be led by Richard Calnan, partner, Norton Rose, who specialises in banking, security and insolvency from financings of corporate transactions, through to restructurings and rescues, to administrations, receiverships and liquidations. Richard has also authored two books, namely: Talking Security: Law and Practice and Proprietary Rights and Insolvency.
Commenting, Richard Calnan said: "Asia has so far escaped many of the difficulties experienced by corporations in the US and Europe but nevertheless, the economic climate is not easy and there are some restructurings and some attempted restructurings in Asia. The key watchword for 2013 is to be prepared."
Kate Sherrard, Senior Associate, Norton Rose in Singapore, said: "The global shipping industry continues to suffer from tough market conditions. In our seminar in Singapore we will look at a number of key issues to consider when a company is unable to repay its debts including the importance of identifying when things start to go wrong and formal restructuring processes, with a particular focus on Singapore and US bankruptcy procedures."
Davide Barzilai, Partner, Norton Rose in Hong Kong, commented: "Restructuring can be an immense undertaking for any company, even more so when there is a cross-border element involved. The Hong Kong event will cover how workouts work, key issues to consider in cross-border insolvencies, and a comparative discussion for liquidation proceedings in Hong Kong, UK and the US."
Jeremy Gibb, Partner, Norton Rose in Tokyo, commented: "The maritime sector has so far borne the brunt of the global economic crisis and shipping companies have had to be creative in their attempts to stave off increasingly difficult market conditions. Knowing when to file, how to select the primary insolvency jurisdictions, and an overview of Japanese bankruptcy laws together with other insights will be covered in the Tokyo leg of the series."
The lawyers involved are: in Singapore, Guy Spooner, Partner, and Kate Sherrard, Senior Associate; in Hong Kong, Davide Barzilai, Partner, and Peter Haslam, Partner and in Tokyo, Jeremy Gibb, Partner along with Shinnosuke Fukuoka at Nishimura & Asahi and David L Barrack and Louis Strubeck, Fulbright & Jaworski LLP.
Re-disseminated by The Asian Banker