Insolvency can be disruptive but it doesn’t need to be chaotic. We at Thuraisingam advise creditors, debtors, and officeholders on navigating liquidation, judicial management, and cross-border insolvency issues with precision, timing and clear tactical foresight. Our approach is centred on achieving the best legal and commercial outcomes for our clients.
When businesses face financial distress, difficult decisions are inevitable. We work closely with licensed insolvency practitioners to advise on various restructuring plans that are carefully tailored to meet the demands of the situation.
In insolvency proceedings, the interests of creditors and debtors can sharply differ. We are able to represent either side to ensure rights are protected, recoveries maximised or that claims are properly assessed and managed.
Multi-jurisdictional insolvencies demand a coordinated approach. We assist clients with foreign insolvency proceedings and are able to work with foreign counsel to achieve consistent and effective outcomes across different jurisdictions.
Acted for the foreign bankruptcy trustee in a landmark Singapore High Court case recognising a Japanese bankruptcy order for the first time. Successfully traced and recovered assets held in Singapore bank accounts through nominees and offshore entities, allowing cross-border enforcement of the trustee’s power. Read more
Acted for a liquidator appointed by the Japanese courts in connection with a USD 100 million claim involving complex issues of fraud and unjust enrichment in the Singapore courts.
Acted for a client in litigation arising from Singapore’s largest Ponzi scheme involving fraudulent nickel trading, with alleged fraud of over SGD 1.4 billion. The liquidators seek to claw back profits despite the client’s honest belief they were lawfully earned. We secured a favourable pre-trial settlement and are also acting in a related multi-party suit involving claims under the Insolvency, Restructuring and Dissolution Act 2018. The matter raises complex and novel issues on the court’s discretion to grant restoration orders.
