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Rishi Hindocha

Counsel

Singapore

Image of Rishi Hindocha
Rishi Hindocha

Counsel

Singapore

Rishi is a core member of our Asia-Pacific Restructuring & Recovery Group and focusses exclusively on restructuring and insolvency. His work includes advising on informal (consensual) restructuring, formal (court based) statutory rehabilitation and reorganisation (such as via scheme of arrangement), operational restructuring and turnaround, and on insolvency, recovery and enforcement (such as through judicial management, liquidation and receivership). 

Rishi advises stakeholders across the capital structure on restructuring and enforcement options, distressed debt trading, distressed M&A acquisition finance and syndicated loan amendments and restatements and refinancings.

Before joining our Singapore office, Rishi was based in London with Allen & Overy’s award winning London restructuring practice group and has advised on some of the largest and most complex cross-border restructurings, including on Metinvest Group’s award winning scheme of arrangement and the COMI-shift scheme of arrangement for Celsa Huta, the first time an English scheme had been used to restructure a Polish corporate.

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Expertise

Practices

Banking and Finance

Restructuring

Sectors

Banks

Office

Singapore

Allen & Overy LLP
50 Collyer Quay, #09-01 OUE Bayfront
Singapore
049321

View office →

Qualifications

Professional

Admitted as solicitor, England and Wales, 2010

Academic

LLB (Hons), The London School of Economics and Political Science

Other noteworthy experience

Advising:

  • Represent international pipeline services company in its non-judicial restructuring of approximately $150 million in secured debt, including through an equity investment and a new secured credit facility.
  • HSBC Indonesia on the high-profile restructuring of Indonesian textiles manufacturer Pan Brothers through a Singapore scheme of arrangement
  • the Hong Kong branch of an international bank on the workout and debt restructuring of its exposure to a borrower within the Kaisa group, a distressed real estate developer in China
  • the steering committee of lenders on interim stability measures and restructuring for Pure Circle, a leading global F&B producer of stevia leaf sweeteners
  • a global financial services group on an aborted refinancing transaction for a desalination plant in Singapore
  • global financial services group on their approach to the workout and debt restructuring of Sapura Energy a Malaysian oil and gas services company listed on Bursa Malaysia
  • the syndicate of lenders on the corporate and debt restructuring of one of Indonesia’s fastest growing infrastructure, energy and logistics companies
  • the bilateral creditors’ steering committee on the restructuring of PT Sri Rejeki Isman Tbk by way of inter-conditional Singapore schemes of arrangement and Indonesian PKPU plan compositions
  • the co-ordinating committee of creditors on the restructuring of bank and bond debt of Interpipe Limited.
  • the facility and security agents on the financial debt restructuring of Steinhoff Europe AG.
  • the lenders on the EUR265m financial restructuring of the Frigoglass group, a commercial refrigeration manufacturer and West Africa’s leading glass producer.
  • the co-ordinator and lenders on the restructuring of the US$475m financial indebtedness of an Egyptian obligor group.
  • a London based PE sponsor on the financial restructuring and subsequent sale of an online fashion e-tailer.
  • Hatfield Philips as special servicer on the restructuring of the Four Seasons Health Care Group, one of the largest independent care home operators in the UK.
  • the Lead Arrangers and Underwriters on the arranging and underwriting of a jumbo multi-currency facility for a multinational pharmaceutical group.

Pro Bono

  • Working with the Halogen Foundation in Singapore on their entrepreneurship programme for high school-aged children 
  • Working with the Toynbee Hall free legal-advice clinic in London advising on a range of issues within English law 

Published Work

  • Article on the Re Kobian Pte Ltd decision in which the Singapore High Court, for the first time, exercised its discretion to decide that a scheme of arrangement proposal put forward by a company was not feasible and ultimately did not grant the scheme company leave to hold scheme creditor meetings. 
  • Article on the Re Prosafe SE decision, which discusses the Rule in Gibbs, a principle which provides that an English law debt may only be modified or extinguished under English law. This article was requested for re-publication by Herstructurering en Recovery Online (Business Restructuring & Recovery Online) in the Netherlands. 
  • Article on the key changes introduced by the Insolvency, Restructuring and Dissolution Act. 
  • Article on the Re Rooftop Group International Pte Ltd case of a Singapore company that was subject to Chapter 11 proceedings in the US and whether the moratorium protection under Chapter 11 extended to enforcement action taken in Singapore.