How We Approach Each Engagement
Each engagement at wayangcounseles follows a structured methodology. We begin by understanding the specific situation of the client, then apply our knowledge of Singapore insolvency law to identify the options, constraints and risks that are relevant to their position. We then provide advice that is clear about what is possible, what the process involves, and what is required from the client.
We do not operate on a one-size-fits-all basis. The circumstances facing a company in early financial difficulty differ from those facing a secured creditor assessing a workout, which differ again from those facing a director who is personally at risk. Our services are structured to reflect these differences.
"We try to give advice that is both technically sound and genuinely actionable — counsel that helps clients move forward, not advice that recites the law and leaves them uncertain about what to do next."
Our Engagement Process
You contact us via the form or telephone. We acknowledge within one business day and assess whether the matter falls within our practice scope.
We run a conflict check and, if clear, discuss the scope of the matter with you to confirm which advisory service is most relevant.
We issue a clear engagement letter confirming scope, fees, and what is expected of each party. All fees are in Singapore Dollars.
We review the relevant materials, apply the law, and prepare our advice in a format that addresses your specific questions and situation.
We discuss our advice with you, answer questions, and agree on the next steps. Implementation support is available if needed beyond the initial advisory scope.
Corporate Restructuring Advisory
SGD 1,500Strategic counsel for companies experiencing financial difficulty or seeking to restructure their operations and liabilities. The service covers assessment of the company's financial position, exploration of available restructuring tools including schemes of arrangement under the Companies Act and judicial management, and negotiation with creditors. The team works closely with financial advisors and management to develop viable restructuring plans that preserve going-concern value where possible. The engagement is conducted with sensitivity to the pressures facing directors and stakeholders during challenging periods.
Key Benefits
- Structured review of restructuring options available under Singapore law
- Advice on moratorium eligibility and application strategy
- Support for negotiation and communication with creditor groups
- Coordination with financial advisors and other professional advisors
- Scheme of arrangement drafting and court process support
Scope & Process
Creditor Rights & Recovery Advisory
SGD 480Guidance for creditors seeking to protect and recover amounts owed to them by financially distressed companies. The service covers proof of debt preparation, participation in creditors' meetings, review of proposed schemes or distributions, and assessment of creditor priorities and security positions. For secured creditors, the team advises on enforcement of security interests and the interaction between security enforcement and insolvency proceedings. The engagement helps creditors make informed decisions about whether to support restructuring proposals or pursue alternative recovery pathways.
Key Benefits
- Proof of debt preparation and submission
- Legal assessment of creditor priority and security ranking
- Review and analysis of scheme proposals and distributions
- Advice on security enforcement and its interaction with insolvency
- Support for creditors' meeting participation and voting decisions
Scope & Process
Director's Duties in Financial Distress
SGD 380Confidential advisory for directors who are aware that their company may be approaching or has reached a state of insolvency. The service covers the heightened duties owed by directors once a company is in the zone of insolvency, including the shift from shareholder to creditor interests, the obligation to avoid insolvent trading, and personal liability considerations. The team helps directors understand their options and obligations, document their decision-making process, and take appropriate steps to mitigate personal exposure. This engagement is especially relevant for directors who wish to act responsibly while exploring whether the business can be preserved.
Key Benefits
- Clear explanation of heightened duties in the zone of insolvency
- Assessment of personal liability exposure for insolvent trading
- Advice on documenting board decisions for future reference
- Identification of steps to reduce personal exposure
- Confidential engagement with full legal professional privilege
Scope & Process
Choosing the Right Service
Each service is designed for a specific client type. This comparison will help you identify which engagement best fits your situation.
| Feature | Restructuring Advisory | Creditor Rights | Director Duties |
|---|---|---|---|
| Best for | Companies in distress | Creditors & lenders | Individual directors |
| Moratorium advice | |||
| Scheme of arrangement support | |||
| Security enforcement advice | |||
| Personal liability assessment | |||
| Decision documentation support | |||
| Advisory fee (SGD) | 1,500 | 480 | 380 |
All fees are exclusive of GST and disbursements. Fees relate to the defined advisory scope. Matters requiring extended scope will be discussed and agreed separately.
Standards Maintained Across All Services
Legal Professional Privilege
All advisory communications are protected by legal professional privilege under Singapore law.
Conflict Management
Conflict checks are conducted before each engagement to ensure independence and undivided focus on your position.
Data Protection Compliance
Client data is handled in accordance with the Personal Data Protection Act 2012 and internal data protocols.
Clear Engagement Terms
Scope, fees and expectations are confirmed in writing before any advisory work commences.
Not Sure Which Service Applies to Your Situation?
Write to us briefly about your circumstances and we will indicate which service is most relevant. There is no charge for this initial assessment.