Debtwire Asia-Pacific Distressed Debt Forum

1 June 2017, JW Marriott Hotel Hong Kong

Agenda

Registration

Opening remarks

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    Luc Mongeon Managing Editor - APAC, Debtwire
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    Naveet McMahon Publisher, Acuris

Chief Economist Address

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    Li-Gang Liu Managing Director and Chief China Economist, Citigroup Global Markets Asia

Cross-border insolvency in practice

Globalization has had a profound effect on how insolvency law is being shaped and applied. Now, as the international reach of corporate groups continues to grow, certain regions are seeking to establish themselves as preeminent centers for debt restructuring.

  • What do corporate restructurings such as Nortel, TMT and Pacific Andes tell us about the cross border insolvency process in Asia?
  • What steps must be taken and which issues addressed to manage the oftentimes complex nature of cross border restructuring?
  • Which jurisdictions – Singapore, Hong Kong, Indonesia -- are likely to be chosen in the course of cross-border restructurings, and for what reasons?
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    Alister Berkeley Special Situations and Restructuring Advisor, PwC
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    Theron Alldis Sourcing, SC Lowy
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    Robin Darton Partner, Tanner De Witt
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    Sean Prior Counsel, Mayer Brown JSM, Singapore
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    Tom Pugh Partner, Mayer Brown JSM (moderator)

Coffee break

Sector focus: Offshore and marine

The energy support services sector continues to cope with challenging conditions from the three-year downturn in the global oil and gas industry. As a result, many offshore oil and gas services firms are being forced to restructure debt and cut costs as they struggle to stay afloat.

  • What do recent decisions by companies to file for U.S. bankruptcy protection say about the level of distress among Asian offshore oil and gas services firms?
  • Where in the oil and gas industry is pain in the system likely to spread?
  • What will be the long-term impact of recent bankruptcies on Singapore’s offshore marine sector, and where else in Asia are we likely to see similar Chapter 11 filings or restructuring?
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    Lian Hoon Lim Managing Director, AlixPartners
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    Brandon Gale Head of Asia Restructuring, Houlihan Lokey
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    Damien Whitehead Local Partner, White & Case
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    Baldwin Cheng Partner, White & Case (moderator)

Lunch break

Assessing China’s NPL opportunities

Following China’s stock market crash in 2016, fissures are now being revealed in the country’s US$9 trillion bond market as well. Meanwhile, opportunities are arising as distressed debt managers turn their attention to non-performing loans (NPL) on Chinese bank balance sheets.

  • How can foreign distressed investors tap into Chinese NPLs, a market that has traditionally favored local firms and investors?
  • An update on China’s shadow banking sector
  • What is the current health of the Chinese bond market?
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    Andrew Brown Partner, Macro & Strategy, ShoreVest Partners
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    Allen Wang Chief Executive Officer, TIH Investment Management
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    Jason Bedford Executive Director, Asian Financial Institutions Research, UBS
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    Wantao Yang Partner, Zhong Lun Law Firm
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    Luc Mongeon Managing Editor - APAC, Debtwire

Indonesia bonds in the Singapore court: An inside look at debt restructuring

Indonesian issuers have historically issued bonds through special purpose subsidiaries in Singapore and other jurisdictions. Now, with considerable traction from recent cross-border insolvency reforms, Singapore is set to become the offshore restructuring jurisdiction of choice for Indonesian bond issuers.

  • Which routes for restructuring have historically existed for Indonesia’s distressed issuers? What additional options will the new insolvency regime create?
  • Indonesian corporate health check: Which companies and sectors are suffering the most?
  • What do Indonesian court supervised restructurings and other case examples tell us about creditor rights in Indonesia and the PKPU process?
  • What are the advantages and disadvantages of court-led processes for both the scheme of arrangement and PKPU?
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    Edward Cairns General Counsel and Head of Restructuring, Clearwater Capital Partners
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    Damien Coles Partner, Kirkland & Ellis
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    Ashok Kumar Director, BlackOak LLC
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    Joel Hogarth Director, Borrelli Walsh
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    Luc Mongeon Managing Editor - APAC, Debtwire

Coffee break

Living on borrowed time: Issues, indicators, and impact of China’s chronic economic slowdown

While China has stabilized to some degree following volatility in late 2015 and early 2016, the underlying economic macro trends, including an increasing debt bubble, still exist. This panel will explore China’s changing economy, its impact domestically and in the region, and emerging opportunities for investors.

  • What sort of impact is being/will be felt in China, regionally, and globally?
  • What is the impact on the shipping and offshore sectors, especially in SE Asia?
  • Is there a tsunami of distress coming out of China? If not now, when? What will this look like?
  • What sort of deals have been done so far, and where are the emerging opportunities?
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    Paul Austin Executive Vice President and General Counsel, DAC Management
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    Jeff Chen Partner, Dentons Hong Kong
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    William Hay Senior Counsel, Weil, Gotshal & Manges LLP
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    Brent Carlson Director, AlixPartners (moderator)

Closing speech

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    Luc Mongeon Managing Editor - APAC, Debtwire

Networking cocktail reception

*Agenda is subject to change