Lavania & Balan Chambers

We are led by a team of experienced lawyers who have appeared before the High Courts and the Appellate Courts on highly complex points of law surrounding personal and corporate insolvency. 

Lavania & Balan Chambers (LBC) advises on the appropriate corporate rescue mechanisms which give viable companies an opportunity to restore their profitability and maximise returns to creditors. We regularly advise and act for companies in administering various corporate rescue mechanisms under the Companies Act 2016, such as Schemes of Arrangement, Corporate Voluntary Arrangement (CVA) and Judicial Management (JM). The latter has in recent times garnered much attention and support from practitioners alike and to this end the team work closely with insolvency practitioners in preparing and tabling a restructuring plan for the approval of the company’s creditors.

We regularly render legal advice to financially distressed companies to wade through difficult times where there is a reasonable chance for these companies to be rehabilitated or resuscitated. Our lawyers work hand in glove with leading insolvency practitioners to work out cost effective solutions for the betterment and ultimately survival, of distressed companies. The team believes that working closely with other professionals such as auditors, accountants, receivers, managers and insolvency practitioners right from the onset of being engaged will achieve a more holistic result for the client.

The team also prides itself on understanding our client’s needs and the sensitivities that often arise in insolvency and receivership matters. As such, the team’s first course of conduct is often to engage with the relevant stakeholders to ascertain if an amicable solution can be achieved to safeguard the client’s interests. 

Notable briefs include:

•  Acted for a subsidiary of a public listed company in a scheme of arrangement and secured an Order for leave for a court convened meeting, as well as a restraining order.