The Ill-Understood Duty: Liquidators’ Duties Owed to Secured Creditors

It is widely believed that liquidators should act solely in the interest of unsecured creditors, and do not owe any duty to act in the interest of secured creditors. This is an overly narrow – and potentially dangerous – view. The purpose of this talk is to help insolvency practitioners and counsel liquidators learn more about this ill-understood duty to act in the interest of secured creditors. The talk will cover (among other things) the basis and existence of this duty, when this duty arises, how far the duty extends, and how this duty interacts with the more widely known duty to unsecured creditors.

Date & Time:

6 November 2024 | Wednesday | 2:00pm - 4:30pm

Course Fees

Member: S$250
Non-Member: S$300

Please register and pay by 6 November 2024. Zoom access details will be included in the event confirmation email. Course handout (if any) will be emailed to participants on the day of the course.

SILE Accredited CPD Activity

Public CPD Points: 2.5
Practice Area: Corporate / Commercial
Training Level: Intermediate

Accountants will be issued with a Certificate of Attendance (Category 4)

Speaker

Alexander Lawrence Yeo, Partner, Allen & Gledhill

Alexander Yeo’s areas of practice include corporate, commercial and insolvency disputes and arbitrations. He regularly represents and advises local and overseas corporations, financial institutions, noteholders and insolvency professionals on matters including major and cross-border insolvencies and restructurings, banking and investment disputes, landlord/tenant claims, breaches of directors’ duties, employment claims, estate disputes and information technology claims.

Alexander has successfully argued numerous matters before the Singapore Courts, including representing financial institutions and insolvency professionals in injunction applications, obtaining orders to compel the handover of hard drives and other computer media to forensic experts, and opposing payments and other disposals by companies facing liquidation.

Besides his work in Allen & Gledhill, Alexander is the co-author of the Singapore chapter of the Cross-Border Insolvency: A Commentary on the UNCITRAL Model Law. He has also assisted with the writing of a leading local practitioner’s book entitled Law & Practice of Corporate Insolvency, and with the Singapore chapter of the Oxford University Press book entitled Set-Off Law and Practice. He has been appointed to panels established by the Ministry of Law on insolvency law matters, including being part of the Secretariat which assisted with the Report of the Insolvency Law Review Committee 2013.

Alexander is an adjunct instructor for IPAS’ Insolvency & Restructuring undergraduate course at SMU.

Alexander is an IPAS Fellow.

SILE Attendance Policy:

Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.