This MWKA Online Talk was delivered on 6 April 2020 by speakers Ms Cassandra Thomazios, Mr Tommy Wong and Ms Felicia Tang from the Corporate Department and moderated by Ms Hannah Patrick, Senior Associate. Please visit https://mahwengkwai.com/talks-signup/ to register for upcoming talks.
OVERVIEW: The Movement Control Order (“MCO”) has caused distress for several companies due to suspension of their operations and businesses. Under the Companies Act 2016, there are two Corporate Rescue Mechanisms which can be used. The first being Corporate Voluntary Arrangement and the second being Judicial Management. In this online talk, our speakers introduced what Corporate Voluntary Arrangements (“CVA”) are with a specific focus on CVA’s. Our speakers answered companies’ concerns over the MCO.
TOPIC: Rescue Mechanisms For Distressed Companies – Corporate Voluntary Arrangement
● Covid-19 MCO
● Corporate Rescue Mechanisms
● Introduction to Judicial Management
● Introduction to Corporate Voluntary Arrangement
● CVA under the Companies Act 2016
● SSM Guidelines
● Practical steps for Distressed Companies
SPEAKERS: Cassandra Thomazios (Senior Associate), Tommy Wong (Associate) & Felicia Tang (Associate)
MODERATOR: Hannah Patrick (Senior Associate)
A copy of the talk slides in PDF format is available for download here.