Dealing With a Failed International Construction Project: A Case Study

Malhar Pagay will be part of a panel case study involving a Singapore-based company with branches in Australia, Indonesia, Japan, the United States and Malaysia that has recently defaulted on its payment obligations. Preliminary attempts at negotiating a consensual workout have failed, the company has not discharged its income tax liability for several years, and it has failed to pay employees. While the business continues to remain fundamentally sound, formal restructuring is required. Panel members will address specific aspects of the restructuring particular to their jurisdictions and discuss how the cross-border nature of the company’s business impacts its ability to effectively reorganize.