Moratorium obtained to prevent major creditor from winding up our client

July 3, 2020

We recently represented a client in a moratorium application pursuant to Section 211B of the Companies Act, to prevent a major creditor from winding them up.

Our Client is a telecommunications systems engineering and integration company providing telecommunication infrastructure for critical industrial environments. They are part of a group of companies with regional and international offices. Due to the recent Covid-19 pandemic, our client has experienced a liquidity crunch, which resulted in one of the local banks, which is a major creditor of our client, commencing winding up proceedings.

We swiftly filed an application in the Singapore High Court under Section 211B of the Companies Act soon after the bank commenced winding up proceedings. We worked with all the other creditors to obtain support for our client’s application and successfully obtained a moratorium preventing any creditors from winding up of our client or any other legal proceedings being commenced or continued against our client. This will allow our client time and space to restructure their debts and to resolve their temporary liquidity issues.

Recognised as one of Singapore’s Best Law Firms, 2021

PDLegal LLC has been recognised as a recommended firm in The Straits Times’ survey on Singapore’s Best Law Firms for 2021 under the Maritime & Shipping practice category.

The Straits Times, together with international market researcher Statista, conducted the first-ever survey to identify Singapore’s best law firms in 15 different areas of legal practice.

View All Awards

We’re here to help you

We know what’s at stake, and our lawyers ready for you – if you would like to speak to us for more information, please contact our client services team who will be happy to assist.

    Let's Get In Touch

    Our Office

    • A:

      PDLegal LLC Advocates & Solicitors 1 Coleman Street #08-02 The Adelphi Singapore 179803

    • E:

    • T:

      (65) 6220 0325

    • F:

      (65) 6220 0392

    • H:

      Mon - Fri : 9:00 am - 5:00 pm
      Sat : 8:30 am - 12:00 pm

    Recent cases and news

    Get the latest insights and learn more about the cases we’re working on.

    Find out more


    For all Career related inquiries, please visit our Careers page.

    Visit Careers