Restructuring of a Sale and Leaseback Hotel Scheme
- Role: Negotiator
- Restructuring lease payments: Assisted in negotiations to restructure lease payments under the lease agreement from hotel investors for a 1,000-room hotel in Pahang affected by the Covid-19 pandemic.
- Implementing revised terms under Section 366 Scheme of Arrangement: The agreed revised terms were implemented under a Section 366 Scheme of Arrangement, which was passed at a Creditors Meeting where hotel investors voted on the proposed revised terms.
- Planning a fresh Court Convened Meeting: Due to the reimposition of the Movement Control Order, a fresh Court Convened Meeting is being planned to further revise the original approved scheme, indicating ongoing efforts to manage the hotel's financial situation amidst the pandemic.