Ms Tan Meiyen

Tan Meiyen

Lawyer biography

Meiyen’s main areas of practice include cross-border disputes, consensual and non-consensual insolvency and restructuring, corporate fraud and investigations. She has acted for and advised individuals, multi-national corporations, court-appointed administrators, distressed and special situations funds and banks in Singapore and abroad. Prior to joining Oon & Bazul, Mei Yen was a partner at one of the Big Four domestic law practices in Singapore. She is also the first female to lead a restructuring and insolvency legal practice in Singapore.

Meiyen graduated from the University of Warwick. She is admitted to the Singapore Bar, Malaysian Bar, the Roll of Solicitors of England & Wales and qualified as a Barrister-at-Law (Middle Temple).

She is one of the founding members of the Singapore Network of the International Women’s Insolvency and Restructuring Confederation (IWIRC) and is currently the Co-Chairperson of the Singapore Network. She also spearheaded the establishment of IWIRC Malaysia together with members of the insolvency and restructuring practice area in Malaysia.


Updates

Insolvency & Restructuring

Recognition of bankruptcy orders: breach of natural justice
Singapore | 16 October 2020

By a two-to-one majority, the Court of Appeal recently granted an appeal and set aside the High Court's recognition of Indonesian bankruptcy orders on the basis that there had been a breach of natural justice in their making. While recognition in this case proceeded on the basis of the common law regarding the recognition of bankruptcy orders, this case could be a useful interpretive aid for future challenges under statutory recognition procedures.

Landmark decision on legal standing of foreign companies to apply for Section 211B moratorium under Companies Act
Singapore | 28 August 2020

The Singapore High Court recently addressed, for the first time in a written grounds of decision, the question of whether a foreign company has the requisite standing to apply for a Section 211B moratorium under the Companies Act. The grounds of decision, which the court noted was issued to assist interested parties, provides much-needed clarity on the requirements of the so-called 'substantial connection test' that foreign applicants must satisfy in order to be eligible for moratorium protection under Section 211B.

DIP financing – the Singaporean way
Singapore | 17 July 2020

In 2016 the Ministry of Law unveiled plans to strengthen Singapore as an international centre for debt restructuring. Pursuant to these plans, numerous complex legislative changes were introduced to Singapore's debt restructuring and insolvency laws. This article focuses on Singapore's experience of transplanting the US Chapter 11 debtor-in-possession financing provisions into the 2017 amendments to the Companies Act.

Temporary measures to mitigate impact of COVID-19 pandemic on SMEs
Singapore | 10 July 2020

In these unprecedented times, small and medium-sized enterprises (SMEs) and their owners require swift and cost-effective methods to sustainably manage and restructure their debt burdens, so that they can focus on transforming their businesses to meet the challenges of the post-COVID-19 economy. This article examines the legislative action taken by the government thus far, with a specific focus on its impact on SMEs.

Potential cryptocurrency issues in insolvency and restructuring sphere
Singapore | 07 February 2020

Otonomos BCC Pte Ltd is one of the first technology companies specialising in blockchain technology to be wound up by the Singapore courts. As there are likely to be more insolvency and restructuring cases dealing with cryptocurrency in the near future, this article examines the legal nature of cryptocurrency in the insolvency and restructuring sphere, the feasibility of using cryptocurrency as security and the potential challenges faced by insolvency practitioners relating to cryptocurrency.

Alternative dispute resolution in insolvency and restructuring proceedings
Singapore | 12 July 2019

Singapore is positioning itself as a hub for insolvency and restructuring. Imminent changes to Singapore's mediation landscape suggest that mediation will soon become one of the tools available to insolvency and restructuring practitioners in resolving their clients' concerns. Similarly, there is room for employing arbitration in specific types of dispute, which will assist with insolvency and restructuring matters and help to resolve them more expediently.

Landmark decision: Singapore's first successful application for super priority rescue financing
Singapore | 03 May 2019

An online travel platform recently obtained Singapore's first super priority order for rescue financing pursuant to Section 211E(1)(b) of the Companies Act. This groundbreaking decision provides valuable guidance to insolvency practitioners regarding future applications for super priority rescue financing, which will hopefully increase the attractiveness of distressed financing as an investment opportunity in Singapore, fostering its development as an insolvency and restructuring hub.

First recognition of US bankruptcy proceedings as foreign main proceedings under Singapore Model Law
Singapore | 29 March 2019

The Singapore High Court recently delivered a landmark decision on the recognition of foreign bankruptcy proceedings and the public policy exception under the Singapore Model Law. In this groundbreaking decision, the court ruled on several matters relating to the law for the first time, including the relevant date and other factors for determining a debtor's centre of main interests.

Restructuring and insolvency cases following recent amendments to Companies Act
Singapore | 01 February 2019

The Companies Act was amended in May 2017 to introduce a number of improvements to Singapore's debt restructuring laws regarding super-priority status for rescue financing, schemes of arrangement, judicial management and cross-border insolvency. This article reviews the various court decisions (both reported and unreported) that have been issued since the changes became operative.

Insolvency, Restructuring and Dissolution Bill passed
Singapore | 26 October 2018

The much-anticipated Insolvency, Restructuring and Dissolution Bill was recently passed. The bill aims to ensure that Singapore's restructuring and insolvency laws remain relevant and progressive to support its position as a global restructuring hub. The bill also represents the last phase of implementing recommendations from the Insolvency Law Review Committee and the Committee to Strengthen Singapore as an International Centre for Debt Restructuring.

Public policy in cross-border insolvency under Singapore Model Law
Singapore | 28 September 2018

The Singapore High Court recently delivered a landmark decision on the question of public policy under the United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency, as adopted by Singapore in the Tenth Schedule to the Companies Act (the Singapore Model Law). This is the first reported decision in which a Singapore court has been faced with the question of public policy in an application for recognition of a foreign insolvency proceeding.