Squire Patton Boggs Advises on Divestment of Assets Following Liquidation of Vietnam Industrial Investments Limited

View Contact / News /Sydney

Squire Patton Boggs has advised Mr. David Mansfield and Mr. Matthew Donnelly of Deloitte, in their capacities as joint and several liquidators of the formerly publicly listed Vietnam Industrial Investments Limited, in a series of cross-border transactions concerning key assets located in Vietnam. The firm also acted alongside the liquidators’ appointed controller, Mr. Cosimo Borrelli of Kroll.

The Squire Patton Boggs team advising on the transactions was led from Sydney by Restructuring partner Masi Zaki, senior associate Kate Spratt and Financial Services partner Hai-dang Nguyen.

The transactions involved various dealings with the Hanoi-based VN Steel Corporation, Vietnam’s leading steel manufacturing and trading enterprise.

Prior to completing the transaction, the team advised and represented the liquidators in successfully navigating various judicial processes, including proceedings in the Supreme Court of New South Wales, a scheme of arrangement in the High Court of Singapore, and enforcement proceedings in the District Court of Haiphong, Vietnam.

Mr. Zaki commented: “The successful completion of the cross-border change in control and divestment transactions and the associated court processes demonstrates the capabilities of our team in dealing with stakeholders across key APAC jurisdictions, including Australia, Singapore, Hong Kong, Malaysia and Vietnam.”

Squire Patton Boggs is recognized as one of the world’s leading law firms for cross-border restructuring and insolvency matters by Global Restructuring Review (“GRR”) in its prestigious GRR 100.

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Angelo Kakolyris +1 973 848 5621