The Impact of COVID-19 on Restructurings in Singapore, Hong Kong, and China
By Ashok Kumar, Director, BlackOak LLC & Richard Woodworth, Partner, and Roberta Cheung, Senior Associate, Allen & Overy
In the wake of the novel coronavirus (COVID-19), there has been significant disruption to the global economy. With lockdowns implemented, demand for goods and services has dropped drastically, and production and provision of services have slowed. Social distancing measures and travel...
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Roberta Cheung is a senior associate in Allen & Overy’s Asia-Pacific restructuring practice specialising in noncontentious restructuring and insolvency work. She advises and assists secured and unsecured creditors, debtors, insolvency practitioners, and other stakeholders on all aspects of financial restructuring and insolvency cases in a range of industries and jurisdictions. Cheung’s recent experience includes advising the receivers on the successful sale of the Kimberley Hotel.
Richard Woodworth is a partner with Allen & Overy. Based in Hong Kong, he is co-head of the firm’s Asia-Pacific restructuring practice. He advises creditors, borrowers, insolvency practitioners, and other stakeholders on all aspects of financial restructurings and formal insolvency proceedings. He has advised on transactions throughout the region, including Vietnam, Indonesia, PRC, Hong Kong, Japan, Korea, and Singapore. Woodworth received the inaugural IFLR Asia Restructuring Rising Star award and has received external recognition from all of the independent legal guides.
Ashok Kumar is a director with BlackOak LLC in Singapore and a respected veteran in corporate restructuring and insolvency, with 30 years of experience in legal practice. Handling both contentious and noncontentious aspects of this practice on cross-border and domestic deals, he regularly acts for debtors, creditors, financial institutions, funds, and insolvency professionals, providing practical solutions when companies are in distress or near distress. Kumar is consistently named as a leading lawyer in this practice area in various ranking publications.
