Withers KhattarWong (WKW), the Singapore alliance firm of Withers, has hired restructuring and insolvency specialist Justin Yip as a partner in its dispute resolution team from Morgan Lewis Stamford.

Yip focuses his practice on restructuring and insolvency, corporate rescues and workouts, distressed and special situation transactions, and commercial litigation. He represents multinational corporations, Singapore-listed companies, local and foreign banks and financial institutions, bondholders, insolvency administrators and other stakeholders in court-supervised insolvency proceedings, debt restructurings and special situation transactions. 

Withers recently acted as global lead counsel in the largest debt restructuring deal in Southeast Asia since the Asian Financial Crisis. The firm advised Indonesia’s PT Bumi Resources Tbk on the issuance of $2.3 billion of new loans and securities in exchange for $4.5 billion of its financial debts.

Yip’s hire comes a few months after WKW SG hired local law firm Colin Ng & Partners’ finance and real estate team, including partner Kenneth Szeto. In Hong Kong, Withers snapped up partners Mabel Lui, Daniel Tang and Polly Chu from Winston & Strawn last year.