Providence Law Asia successfully resists judicial management applications made against the Yang Kee Group

Providence Law Asia LLC representing the Receivers and the Yang Kee Group, successfully resists judicial management applications made against the Yang Kee Group.

The Yang Kee Group is being managed by Receivers, Mr. Cosimo Borrelli and Mr. Patrick Bance of Kroll, as part of the Group’s restructuring efforts. The judicial management applications were heard on an expedited basis by the Singapore High Court. On behalf of the Receivers, Yang Kee Logistics Pte Ltd and Yang Kee Logistics (Singapore) Pte Ltd, Providence Law Asia successfully argued that the judicial management applications should not be granted as the Receivers have been diligent in their efforts of restructuring the debts of the Yang Kee Group. Providence Law Asia continues to assist the Receivers in completing the restructuring efforts and negotiations with various stakeholders such as Jurong Town Corporation, DBS, UOB and CIMB.

The Providence team comprises Nawaz Kamil, Alston Yeong, and Daniel Huang. A link to the High Court’s written judgment may be found here: https://lnkd.in/g39TeAUG