Global Restructuring Review - Top Builders Sanction Decision

22 January 2022 - The Global Restructuring Review published an article on the Top Builders scheme of arrangement sanction decision. The article touched on the salient points of the decision, including on class composition and intercompany creditors' votes.

Lee Shih was quoted in the article where he explained that the court's approach to discounting or disregarding related party creditors' votes gives a more nuanced and flexible approach by applying discretionary factors that help balance the interests of opposing creditors and to allow a debtor to apply for a successful restructuring.

Our Lee Shih and Pang Huey Lynn were highlighted as counsel for the scheme companies.