restructuring and insolvencyCORPORATE RESTRUCTURING SERVICESAt Restructuring & Insolvency, we assist troubled companies, their lenders, shareholders and other stakeholders whose businesses are facing financial crisis or underperformance.
We provide hands-on and a tailored approach in our Corporate Restructuring services covering the following: - Review financial position of the business
- Identify issues or factors that caused the underperformance or put the company into financial distress
- Review the future viability of the business including the cash flow projections and profit estimates
- Evaluate short term and long term options
- Act as an intermediary in re-establishing the trust between the company and its financial stakeholders
- Develop and assist in the implementation of the preferred restructuring plans
Monitoring Accountant ServicesFor companies that are undergoing or have completed a corporate and debt restructuring exercise, Restructuring & Insolvency can assist the affected lenders to monitor the following: - Financial performance of the restructured companies against their projected results
- Compliance of covenants, terms and conditions of the restructured plans by the restructured companies
- Corporate exercises proposed or undertaken by the restructured companies
- Legal actions taken by or against the restructured companies
- Any other matters of material concern to the lenders
Receivership When a company runs into financial trouble and is unable to turn around, it may start defaulting on its debt obligations. This will lead the company’s lenders or creditors to exercise their rights to appoint a Receiver and/or Manager, to deal or dispose of the company’s assets and/or the business in order to settle the debts owing to them. In addition, the Court may also appoint a Receiver for aggrieved stakeholders without such securities, to do likewise, or to safeguard disputed assets of a solvent company pending litigation. Our Restructuring & Insolvency can act as the Receiver and/or Manager to the Court, the lenders or any stakeholders who want to exercise or protect their rights to the affected company’s assets.
We have the experience in undertaking such assignments on behalf of the affected stakeholders and the Court. Liquidation Our Restructuring & Insolvency team specialises in liquidations and is dedicated to assisting troubled and insolvent companies through the liquidation process. Our Liquidation services are aimed at assisting business owners, management, debtors and lenders to navigate through the liquidation process as well as through the regulatory, legal, financial, employee and stakeholder issues, safely. We also ensure that the right approach is pursued, so that maximum financial returns can be achieved from the liquidation, quickly and effectively. We can assist or act on your behalf under the following insolvency appointments: - Pre-Liquidation Advice and Workout
- Members Voluntary Winding-up
- Creditors Voluntary Winding-up
For more information about our services, please contact:
Tan Chee Peng
Tel: +603 2616 3185
Email: tancp@bdo.my
Yap Chin Keat
Tel: +603 2616 3185
Email: yapck@bdocc.com |
Our services