Insolvency and Winding Up

Furthermore, with regard to insolvency and winding up we acts for clients by reviewing loan documentations and ultimately advise parties—say creditors, lenders, and borrowers on their rights and obligations;we advise and assist lenders in issuing appropriate legal notices to the borrow ers and other measures inviting the courts intervention; we advise lenders on further measures upon securing physical possession of the charged prop erties—including necessary security mea sures over the charged properties, under taking independent valuation of the charged assets and insuring the charged properties, preparing proposal request for the disposition of the charged prop erties and evaluating the bids; we advise banks and financial institutions on legally tenable bids and ultimately prac tice the disposition of the charged asset as appointed Receivers/Managers of the secured properties; and last but not least we advise banks and financial institu tions on the ongoing reporting require ments to the Registrar of Companies throughout the insolvency proceedings.