Receivership (Code: IR019)

Programme Objectives

This seminar provides an overview of Receivership and its operation. The seminar will demonstrate the unique agency duties of a receiver and the tripartite relationship of the administrator. It will end with a case authority on the equity rights of redemption of a mortgagor. 

Programme Outline

The programme will cover the following aspects in relation to the administration:

1. What is receivership and its overview

2. Modus operandi of receivership

3. The unique agency duties of a receiver

4. Two charts summarising the overview of receivership

5. A third chart depicting the tripartite relationship of a receiver

6. Duties of mortgagee-in-possession

7. Appointment of receiver

8. Statutory filings of receivership

9. Challenges faced by receiver

The session will interlace with questions and answers and end with a case study. 

Trainer Details

Lee Yin Chen 

Yin Chen is an approved liquidator under section 9 of the Companies Act; and a practising Chartered Accountant of Singapore. He has 10 years’ experience in insolvency administrations involving voluntary and involuntary liquidations, receivership, scheme of arrangement and compromise; he also spent a fair percentage of time in litigation support work.

Prior to insolvency administrations, Yin Chen was an auditor and was involved in some litigation support work such as shareholders’ disputes, apart from the routine auditing. In 2011, Yin Chen left his employment as a senior manager with the corporate recovery department of a large accounting and consulting service group in Singapore and set up his own liquidation practice.