Restructuring and Insolvency

Shobna has significant experience in insolvency matters, including acting for liquidators in high profile recent liquidations. Shobna has also acted for creditors in commencing winding up proceedings and contesting schemes of arrangement and applications for judicial management.

Shobna successfully represented VTB Bank in heavily contested winding-up proceedings concerning a debt of US$250 million as the lead counsel before the Singapore High Court, reported judgments include:

  • AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company), [2021] SGCA 112
  • AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Co), [2020] SGCA 33
  • Anan Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Co), [2019] SGCA 41 o VTB Bank (Public Joint Stock Co) v Anan Group (Singapore) Pte Ltd, [2018] SGHC 250

Shobna is representing the liquidators of a company that has been impacted by the Hin Leong saga, which is one of the largest current corporate failures / companies to be restructured in Singapore to date.