Questions arising from a construction insolvency: a liquidator’s perspective


This presentation will be delivered by John Lees and Sammy Koo of Ernst & Young
This will be a practical seminar covering a range of issues which commonly arise in a construction insolvency including dealing with clients and the supply chain, plant and machinery on site, the supply of materials and retention of title clauses, the operation of bank accounts and joint venture arrangements. Case studies will be used to highlight how parties might best deal with these complex issues.

John Lees, Executive Director, Restructuring, Ernst & Young
A Hong Kong resident since 1988, John has led the turnaround of many listed public and private companies in Hong Kong and has conducted insolvency assignments in Hong Kong, the PRC and other Asian and offshore jurisdictions. These assignments include Members and Creditors Voluntary Liquidations, Court Liquidations and Provisional Liquidations, Court Receiverships and Receiverships under Debentures and Bankruptcies. John’s experience spans across most industries including finance, construction, shipping, logistics, manufacturing, property, retail, information technology and insurance. He works extensively with government agencies, regulators and private sector clients in investigation, asset and fund tracing and litigation support matters. John recently joined EY as an Executive Director in January 2019 along with the rest of the JLA Asia Limited team.
Sammy Koo, Partner, Restructuring, Ernst & Young

Sammy is a Partner at Ernst & Young Transactions Limited,Hong Kong, specializing in domestic and cross-border corporate restructuring. She has more than 18 years of experience, focusing on the trading resumption of public entities, distressed turnarounds, insolvency, debt capital restructuring, strategic exit solutions, contingency planning, recovery and resolution planning, financial feasibility assessments and regulatory consulting. Sammy has led the restructuring of various companies suspended on the Main Board or GEM Board of HKEX to successfully resume trading including the reverse takeover of a construction company and receivership of a luxury residential development with construction in progress.