Teri Cheng

Associate Director, Corporate & Finance

Download CV

Qualifications

  • L.L.B (Hons), National University of Singapore (2011)
  • Advocate & Solicitor of the Supreme Court of Singapore (2012)

Teri specialises in insolvency and debt restructuring and advises debtors, creditors and insolvency office-holders on various areas of insolvency and debt restructuring including transactional issues, litigation and daily operational and management matters.

Teri has been involved in various major debt restructuring transactions including the US$2.5 billion debt restructuring of Pacific Andes and its subsidiaries. This transaction was awarded the Finance Deal of the Year (Restructuring and Insolvency) at The Asian Lawyer Asia Legal Awards 2017 and the Asialaw Asia-Pacific Dispute Resolution Award 2017 – Matter of the Year at the Asialaw Asia-Pacific Dispute Resolution Summit 2017.

She also advised Bumi Resources and its subsidiaries in its US$5.23 billion debt restructuring. Specific issues dealt with include restructuring the US$700 and US$300 million guaranteed senior secured notes and some US$375 million worth of bonds. This deal was named the Finance Deal of the Year: Insolvency & Restructuring at The Asian Lawyer Asia Legal Awards 2018 and the Debt Market Deal of the Year (Premium) award in the Asian Legal Business SE Asia Law Awards 2018. 

She also has experience in international arbitrations and has been singled out by her clients in the Global Arbitration Review 100 (2016) for her “professional and efficient service”.

The debt structuring matters Teri has been involved in include:

  1. Pacific Andes – Advised the SGX listed company and its subsidiaries in its US$2.5 billion debt restructuring. This transaction was awarded the Finance Deal of the Year (Restructuring and Insolvency) at The Asian Lawyer Asia Legal Awards 2017 and won the Asialaw Asia-Pacific Dispute Resolution Award 2017 – Matter of the Year at the Asialaw Asia-Pacific Dispute Resolution Summit 2017.

  2. Bumi Resources – Advised Bumi Resources Tbk and its subsidiaries in its debt restructuring estimated to be over US$5.23 billion. Specific issues dealt with include restructuring the US$700 million guaranteed senior secured notes due 2017, the US$300 million guaranteed senior secured notes due 2016 and some US$375 million worth of bonds. This deal was named the Finance Deal of the Year: Insolvency & Restructuring at The Asian Lawyer Asia Legal Awards 2018 and was also awarded the Debt Market Deal of the Year (Premium)award in the Asian Legal Business SE Asia Law Awards 2018.

  3. Ezra Holdings – Advising the SGX listed company and its subsidiaries on the restructuring of its debt estimated to be some US$1.49 billion. This restructuring involves parallel restructuring processes under both Chapter 11 of the United States Bankruptcy Code and Section 210 of the Singapore Companies Act.

  4. Emas Offshore – Advising Emas Offshore, which has its primary listing on Oslo Børs and secondary listing on SGX, on its US$910 million debt restructuring. Emas Offshore has an interest in 36 entities incorporated across various jurisdictions including the US, Australia, Brunei, Malaysia and Norway.  

  5. OW Bunker Group – Advising ING Bank N.V and PricewaterhouseCoopers LLP on the receivership of the Singapore entities of the OW Bunker Group. The secured assets are valued at US$490 million and the OW Bunker Group is estimated to be US$1.5 billion in debt.
IFLR1000: The Guide to the World’s Leading Financial Law Firms
Restructuring & Insolvency 2020 – Rising Star
 
  • Member, Singapore Academy of Law
  • Member, Law Society of Singapore
  • Member, Insolvency Practice Committee, Law Society of Singapore