Zhen Yu Lam
Special Counsel | Singapore
Secretary Cheryl Yeo
Operating as Withers KhattarWong LLP in Singapore.
Track record
Acting for HSBC as a creditor
Represented HSBC as a creditor in actions against debtor companies and their guarantors ranging across corporate schemes of arrangements, individual voluntary arrangements, winding up and bankruptcy proceedings.
Attempted restructuring and subsequent insolvency of ZenRock
Represented the interim judicial managers, judicial managers and the current liquidators (from KPMG) in all aspects of the attempted restructuring and subsequent insolvency of ZenRock.
One of the first judicial managements ordered in Singapore in respect of a foreign-incorporated company
Represented Top Capital Securities Pte Ltd, a creditor of 8Telecom International Co. Ltd. (a Bermuda company listed on the Mainboard of the Singapore Exchange (SGX)). The matter involves a novel issue under Singapore law of whether a judicial management application can be allowed to proceed before the Singapore courts given that the underlying subscription agreement contained an agreement to arbitrate.
Preserving the value of 15 vessels
Represented FTI Consulting in their capacity as the Judicial Managers of 6 SPVs owned by Xihe Capital Pte Ltd, which collectively own 15 vessels (including unfinished vessels).
Scheme of arrangement proceedings and realisation of security
Represented UOB against KH Foges Pte Ltd, a major construction company in the business of piling, civil engineering, foundation, and geotechnical engineering works, which was a controlling shareholder of Swee Hong Limited, a company which was listed on the Mainboard of the Singapore Exchange.
Judicial management order discharge
Acted for RSM Corporate Advisory Pte Ltd, the judicial managers of Prosper Marine Pte Ltd in respect of a claim exceeding S$11 million, and the successful discharge of the judicial management order on grounds that the company was able to carry on as a going concern.
International debt restructuring
Advised the Sinosteel group on its international debt restructuring plans and insolvency avoidance claims in the Singapore Courts.
Chinese investors private equity fund
Acted for 15 Chinese investors in claims against a private equity fund concerning their aggregate investment of S$40 million. Advised on the closely connected application by the fund's parent company in Re Attilan Limited [2017] SGHC 283 (the first reported decision relating to rescue financing provisions in the Singapore Companies Act).