SMU-IPAS Advanced Certificate in Insolvency and Restructuring Module 8: Financing
About This Course
The ability to obtain financing is one of the most important aspect for a company, regardless of its financial status. In times of financial health, a company’s ability to secure financing may allow it to steal a march on its competitors, expanding its operations and generate greater earnings for its shareholders. In times of financial difficulties, a distressed company may have to look inward to secure financing and may even resort to using its assets as collateral. Recently, there is a trend of companies seeking rehabilitation by appealing to the existing creditors or white knights to provide rescue financing.
This module will discuss the conditions for seeking rescue financing and the various practical challenges associated with it. It will also discuss the availability of third-party litigation funding, and how distressed companies may, in return for some proceeds of a successful claim, assign and/ or sell various actionable claims to creditors or third parties, thereby improving recovery for its creditors.
What You'll Learn
• Gain the basic knowledge of financial analysis and corporate financing principles to understand the issues faced by distressed companies
• Understand the various remedies available, their implications on key stakeholders, and the key considerations in identifying the appropriate solutions to rescue and protect the companies and its stakeholders and/ or to maximise recovery to its creditors
• Understand the power, roles, and responsibilities of as well as issues faced by insolvency practitioners in dealing with the companies being restructured/ placed in some form of insolvent administration
• Overview of the sources of potential funding and the legal and commercial considerations of such potential funders
• Understand the legal and commercial justifications for rescue financing and third-party litigation funding
• Describe the key features and changes to financing structures pre and post insolvency
• Act with greater knowledge and confidence to enhance a company’s success in restructuring and/ or to minimise the impact of an insolvency company on its various stakeholders
• Identify and critically evaluate the appropriate solutions to address a company’s key concerns, and drafting tailor-made solutions to address them
Entry Requirements
Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.