Justin Yip

Partner, Withers KhattarWong* | Singapore

Withers KhattarWong LLP is a Singapore law practice, affiliated with Withers LLP.

Justin is a partner specialising in restructuring and insolvency.

He focuses his practice on debt restructuring and insolvency matters, corporate rescues and workouts, distressed and special situation transactions, and corporate/commercial litigation. He advises and represents multi-national corporations, Singapore-listed companies, local and foreign banks and financial institutions, bondholders, investors, financial advisors, scheme managers, judicial managers, liquidators, and other stakeholders in a wide variety of court-supervised insolvency proceedings and related commercial litigation, debt restructurings and special situation transactions. These include scheme of arrangements, judicial management, liquidation, cross-border insolvency proceedings, bond defaults and restructuring, banking and finance disputes, distressed business and asset sales and acquisitions, receivership and other forms of security enforcement.

Justin has acted in some of the most prominent and complex corporate bankruptcy, restructuring and insolvency matters in Singapore and the Asia-Pacific region, including significant debt restructuring and bond defaults within the regional natural resources, oil and gas, and offshore marine sectors.

Track record

Admissions

Memberships

Talks

Acting for KPMG, the judicial managers of Singapore oil trader ZenRock Commodities Trading Pte. Ltd., in a complex and highly publicised insolvency with debts in excess of US$600 million from multiple bank and oil/commodities creditors. Initial investigations by the judicial managers have revealed numerous instances of double financing and suspicious transactions, which has also attracted the attention of the Singapore Commercial Affairs Department.

Acted for Top Capital Securities Pte. Ltd., a creditor of 8Telecom International Co. Ltd. (a Bermuda company listed on the Mainboard of the Singapore Exchange (SGX)), in a successful application to place 8Telecom under judicial management in November 2019 despite opposition from the company which sought to stay the judicial management proceedings in lieu of arbitration. This is one of the first judicial managements ordered in Singapore in respect of a foreign-incorporated company.

Acted for Singapore-listed offshore marine company Marco Polo Marine Ltd. in the debt restructuring of its S$50 million 5.75% notes due October 2016, as well in the subsequent renaming and comprehensive S$250 million debt restructuring exercise of the Marco Polo group’s secured and unsecured liabilities in both Singapore and Indonesia by way of Singapore schemes of arrangement.

Advocate & Solicitor, Supreme Court of Singapore (2003)

Law Society of Singapore, Member

Singapore Academy of Law, Member

Securities Investors Association (Singapore) Corporate Governance Week, Investor Forum (2017), ‘Rights of Noteholders in a Restructuring’.

Fraud, Asset Tracing and Recovery Asia (2015), ‘The Role of Insolvency Administrations in Global Asset Recovery’.

Education


Languages


  • English

Dates


Joined

2018

Singapore

80 Raffles Place,

#25-01 UOB Plaza 1,

048624

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