Hotel Timeshare Scheme and Beach Resort in Kuantan
- Role: Assistance Creditor
- Assisting creditor through receiver appointment: Assisted a creditor of a resort hotel in Kuantan through the appointment of a receiver to recover a loan owing to a secured creditor.
- Winding down operations: Due to the resort suffering losses, including high maintenance costs and low occupancy, the team terminated the operator and wound down the operations of the resort
- Termination of time share scheme: In addition to winding down operations, the team also terminated the time share scheme tied to the resort.
- Arrangement to resolve outstanding debt: The team facilitated an arrangement between the owner and the creditor to resolve the outstanding debt, leading to the upliftment of the receivership administration. This involved negotiations and possibly restructuring of the debt to reach a mutually acceptable resolution.