Course Detail(IR017 : Judicial Management: An Introductory Overview of the Law and Practical Issues)

SDF Funding, SkillsFuture Credit, UTAP Funding

IR017 : Judicial Management: An Introductory Overview of the Law and Practical Issues

7.00 CPE Hours (Category 4)
Classroom

Programme Objective

To provide a short introduction to the law of judicial management as a major corporate rescue regime, discuss practical issues and conclude with a case study.

Programme Outline

  • Consequences of insolvency – Winding up, receivership, enforcement of judgment
  • Judicial Management – A broad overview
  • Application procedure – Aims of judicial management, who has locus standi, application procedure, weighing exercise
  • Scope of moratorium – What assets are included, rights in tort not affected by moratorium, leave to enforce rights (the balancing test)
  • Rescue proposals made by judicial manager – Time limit for proposals, rescue methods (rescheduling debts, sale of investors, new investment, payment of debt with equity), court approval
  • Judicial manager’s powers and duties – Claw back for voidable transactions (unfair preferences and transactions at undervalue), fiduciary duties
  • Powers of judicial manager in relation to following – Fixed charge assets, floating charge assets, assets not belonging to company, trust assets (the Hickley case)
  • Practical issues relating to judicial management:
  • Funding – operational requirements, capital injections
  • Liability of judicial manager – personal liability, disclaimer, lawsuits against judicial manager
  • Failure of judicial management –inability to obtain court or creditors’ approval, conversion to liquidation
  • Cross-border problems – overseas assets, overseas lawsuits
  • Remuneration for judicial managers – time based costs, court approval
  • Case Study for discussion

Training Methodology

Lecture style, with a case study fordiscussion

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation level programme intended for Judicial Managers who would like to gain a refresher, or professionals who would like understand about the issues related to judicial management are welcome to attend.

Competency Mapping

Category 4 = 7.00 Hours

Schedule & Fees

Date & Time

12 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

07 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

03 Aug 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 22 May 2020

Course Ref No. : CRS-N-0042276

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit 
http://www.skillsfuture.sg/credit)

 

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 22 May 2020
Funded Hours: 7 hours
Course Ref No. : CRS-N-0042276

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

3] 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 2020 – 31 March 2021.
 
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.


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)


Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 

Programme Objective

To provide a short introduction to the law of judicial management as a major corporate rescue regime, discuss practical issues and conclude with a case study.

Programme Outline

  • Consequences of insolvency – Winding up, receivership, enforcement of judgment
  • Judicial Management – A broad overview
  • Application procedure – Aims of judicial management, who has locus standi, application procedure, weighing exercise
  • Scope of moratorium – What assets are included, rights in tort not affected by moratorium, leave to enforce rights (the balancing test)
  • Rescue proposals made by judicial manager – Time limit for proposals, rescue methods (rescheduling debts, sale of investors, new investment, payment of debt with equity), court approval
  • Judicial manager’s powers and duties – Claw back for voidable transactions (unfair preferences and transactions at undervalue), fiduciary duties
  • Powers of judicial manager in relation to following – Fixed charge assets, floating charge assets, assets not belonging to company, trust assets (the Hickley case)
  • Practical issues relating to judicial management:
  • Funding – operational requirements, capital injections
  • Liability of judicial manager – personal liability, disclaimer, lawsuits against judicial manager
  • Failure of judicial management –inability to obtain court or creditors’ approval, conversion to liquidation
  • Cross-border problems – overseas assets, overseas lawsuits
  • Remuneration for judicial managers – time based costs, court approval
  • Case Study for discussion

Training Methodology

Lecture style, with a case study fordiscussion

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation level programme intended for Judicial Managers who would like to gain a refresher, or professionals who would like understand about the issues related to judicial management are welcome to attend.

Competency Mapping

Category 4 = 7.00 Hours

Programme Facilitator(s)

Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 


Upcoming Schedule

Registration is closed

Date & Time

12 Dec 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Terence Tan

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537