Course Detail(IR012 : Liquidation: Principles & Practice)

UTAP Funding

IR012 : Liquidation: Principles & Practice

7.00 CPE Hours (Category 4)
Classroom



Note: Either one of the trainer(s) will facilitate the session


Programme Objective

This seminar provides an overview of liquidation practice with a glimpse of the administration work involved.

It will also deal with inquisitive questions pertaining to whether a wound-up company can be revived; and if so, what impact it does have on the administration by the liquidator. Recent cases will also be discussed.
 

Programme Outline

The programme will cover the following aspects of liquidation:

  1. Types of liquidation
  2. Qualifications of Private Liquidator
  3. Circumstances in which company may be wound up
  4. Procedures of winding up
  5. Parties who may apply for court winding up
  6. Commencement of liquidation
  7. Effects of liquidation
  8. Powers and duties of liquidator
  9. Creditors’ rights in a winding up
  10. Committee of Inspection
  11. Proof of debts / Adjudication of claims
  12. Dividends distribution to various stakeholders
  13. Tax assessment of company in liquidation
  14. Life span of liquidation
  15. Records keeping and retention period

The session will interlace with questions and answers and conclude with a comparison between liquidation and strike-off of a company.

Training Methodology
Lecture style, with Q&A

Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

This Intermediate level programme is intended for participants with some knowledge and experience in liquidation work.

Competency Mapping

Category 4 = 7.00 Hours

Schedule & Fees

Date & Time

22 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Wong Joo Wan
Yong Chor Ken
Sherryn Lim

Date & Time

28 Nov 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Wong Joo Wan

Date & Time

04 Oct 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Wong Joo Wan

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

 
Please refer to the UTAP Application Guide here on how union members can apply for UTAP via the system.
 
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)


Either one of the trainer(s) will facilitate the session

Wong Joo Wan
CA Singapore


Mr Wong Joo Wan possesses more than 20 years of experience in restructuring, corporate finance, forensic investigations as well as insolvency both in Singapore and in Hong Kong.  He has personally undertaken various insolvency appointments and has also been involved in engagements to advise clients on mergers and acquisitions, capital raisings on both local and regional basis, including acquisition searches for companies wishing to establish a presence in Asia by way of acquisition.

He holds a degree in Bachelor of Commerce (Accounting & Finance) from University of Western Australia.  He is an approved Liquidator registered with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore, a Chartered Accountant of Singapore (practising member) of the Institute of Singapore Chartered Accountants (ISCA), a member of the Certified Practising Accountants of Australia, and a Fellow with the Insolvency Practitioners Association of Singapore Limited (IPAS).
 


Yong Chor Ken
CA Singapore


Mr Yong brings more than 25 years’ experience in the area of corporate finance and corporate restructuring. He was the key strategist for a number of companies listed on the Singapore Exchange (SGX) and was previously the Managing Director of a company listed on the main board of SGX and subsequently the CEO of a company listed on the Catalist Board of SGX.
 
Mr Yong has considerable experience in the restructuring of listed and private entities in a variety of industry sectors such as the oil and gas business and the marine business. He is also a specialist in the area of systems and controls.
Mr Yong began his career with the then Price Waterhouse in Singapore as an Auditor. Thereafter, he joined various industries as Accountant/CFO and in 2004 became the Managing Director of a mainboard listed company on SGX.
 
Mr Yong has since been involved in a number of litigation support engagements where he assisted the solicitors in various cases, from settlement of disputes to divorces involving over SGD$500 million in assets. He was also involved in the forensic investigations for various fraud, insider trading and money laundering engagements. Mr Yong also supervised various Court liquidations, creditors’ voluntary and members’ voluntary liquidation in Singapore as well as the British Virgin Islands.
 
Mr Yong holds a degree in Accountancy from the National University of Singapore and a Master of Business Administration from the Nanyang Technological University. He is an approved Liquidator registered with ACRA and is also a member of ISCA and SID.
 

Sherryn Lim

Ms. Lim has been involved in various accounting roles in both the private and public sectors both in Singapore and overseas during the course of her career, which includes but not limited to engagements in the areas of insolvency, litigation support as well as investigation work. She is currently a Manager at a boutique professional services firm specializing in Corporate advisory and Insolvency.
 
She commenced her career with RSM Nelson Wheeler Tan Pte Ltd, Singapore in 2004 as a consultant. During this time she was exposed to various corporate insolvencies administrations and due diligence work that took her to China to carry out a preliminary due diligence exercise for a Singapore-listed beverage company in their acquisition of a stateowned enterprise in China.
 
Subsequently, she moved overseas and became involved in other accounting related fields from working in a children’s book publishing company in the United Kingdom, to holding an accounting role in a local government council in London, before moving southwards to Australia to take up an accounting role with the regulator of the legal industry, during which she undertook compliance reviews and investigations into the accounts of solicitors’ firms whilst providing practice management guidance to law practices within the jurisdiction.
 
She subsequently returned to Singapore and became involved with various accounting roles where her last stint was with the Insolvency Office in Singapore under the Ministry of Law. Ms. Lim holds a degree in Bachelor of Business (Accounting) from Monash University in Australia and is a member of the Association of Certified Fraud Examiners.
 



Note: Either one of the trainer(s) will facilitate the session


Programme Objective

This seminar provides an overview of liquidation practice with a glimpse of the administration work involved.

It will also deal with inquisitive questions pertaining to whether a wound-up company can be revived; and if so, what impact it does have on the administration by the liquidator. Recent cases will also be discussed.
 

Programme Outline

The programme will cover the following aspects of liquidation:

  1. Types of liquidation
  2. Qualifications of Private Liquidator
  3. Circumstances in which company may be wound up
  4. Procedures of winding up
  5. Parties who may apply for court winding up
  6. Commencement of liquidation
  7. Effects of liquidation
  8. Powers and duties of liquidator
  9. Creditors’ rights in a winding up
  10. Committee of Inspection
  11. Proof of debts / Adjudication of claims
  12. Dividends distribution to various stakeholders
  13. Tax assessment of company in liquidation
  14. Life span of liquidation
  15. Records keeping and retention period

The session will interlace with questions and answers and conclude with a comparison between liquidation and strike-off of a company.

Training Methodology
Lecture style, with Q&A

Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

This Intermediate level programme is intended for participants with some knowledge and experience in liquidation work.

Competency Mapping

Category 4 = 7.00 Hours

Programme Facilitator(s)

Either one of the trainer(s) will facilitate the session

Wong Joo Wan
CA Singapore


Mr Wong Joo Wan possesses more than 20 years of experience in restructuring, corporate finance, forensic investigations as well as insolvency both in Singapore and in Hong Kong.  He has personally undertaken various insolvency appointments and has also been involved in engagements to advise clients on mergers and acquisitions, capital raisings on both local and regional basis, including acquisition searches for companies wishing to establish a presence in Asia by way of acquisition.

He holds a degree in Bachelor of Commerce (Accounting & Finance) from University of Western Australia.  He is an approved Liquidator registered with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore, a Chartered Accountant of Singapore (practising member) of the Institute of Singapore Chartered Accountants (ISCA), a member of the Certified Practising Accountants of Australia, and a Fellow with the Insolvency Practitioners Association of Singapore Limited (IPAS).
 

Yong Chor Ken
CA Singapore


Mr Yong brings more than 25 years’ experience in the area of corporate finance and corporate restructuring. He was the key strategist for a number of companies listed on the Singapore Exchange (SGX) and was previously the Managing Director of a company listed on the main board of SGX and subsequently the CEO of a company listed on the Catalist Board of SGX.
 
Mr Yong has considerable experience in the restructuring of listed and private entities in a variety of industry sectors such as the oil and gas business and the marine business. He is also a specialist in the area of systems and controls.
Mr Yong began his career with the then Price Waterhouse in Singapore as an Auditor. Thereafter, he joined various industries as Accountant/CFO and in 2004 became the Managing Director of a mainboard listed company on SGX.
 
Mr Yong has since been involved in a number of litigation support engagements where he assisted the solicitors in various cases, from settlement of disputes to divorces involving over SGD$500 million in assets. He was also involved in the forensic investigations for various fraud, insider trading and money laundering engagements. Mr Yong also supervised various Court liquidations, creditors’ voluntary and members’ voluntary liquidation in Singapore as well as the British Virgin Islands.
 
Mr Yong holds a degree in Accountancy from the National University of Singapore and a Master of Business Administration from the Nanyang Technological University. He is an approved Liquidator registered with ACRA and is also a member of ISCA and SID.
 
Sherryn Lim

Ms. Lim has been involved in various accounting roles in both the private and public sectors both in Singapore and overseas during the course of her career, which includes but not limited to engagements in the areas of insolvency, litigation support as well as investigation work. She is currently a Manager at a boutique professional services firm specializing in Corporate advisory and Insolvency.
 
She commenced her career with RSM Nelson Wheeler Tan Pte Ltd, Singapore in 2004 as a consultant. During this time she was exposed to various corporate insolvencies administrations and due diligence work that took her to China to carry out a preliminary due diligence exercise for a Singapore-listed beverage company in their acquisition of a stateowned enterprise in China.
 
Subsequently, she moved overseas and became involved in other accounting related fields from working in a children’s book publishing company in the United Kingdom, to holding an accounting role in a local government council in London, before moving southwards to Australia to take up an accounting role with the regulator of the legal industry, during which she undertook compliance reviews and investigations into the accounts of solicitors’ firms whilst providing practice management guidance to law practices within the jurisdiction.
 
She subsequently returned to Singapore and became involved with various accounting roles where her last stint was with the Insolvency Office in Singapore under the Ministry of Law. Ms. Lim holds a degree in Bachelor of Business (Accounting) from Monash University in Australia and is a member of the Association of Certified Fraud Examiners.
 

Upcoming Schedule

Registration is closed

Date & Time

22 Nov 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 481.50
For Non-Members: $ 577.80

Programme Facilitator(s)

Wong Joo Wan
Yong Chor Ken
Sherryn Lim

Venue

137 Cecil Street
Level 3
Hengda Building
Singapore 069537