Press Release & Industry News

Madison Pacific Trust Limited ("Madison Pacific"), a leading independent provider of agency services, announced today that it has been appointed as Agent, Security Agent and Shared Security Agent in the debt restructuring by Mongolian Mining Corporation (In Provisional Liquidation) ("MMC") and its subsidiaries.

MNC announed on May 5, 2017 the completion of its offshore debt restructuring which consisted the implementation of a Notes Restructuring, a Senior Secured Facilities Restructuring and a Promissory Notes Restructuring. The restructuring included the listing and issue of US$412,465,892 Floating Rate Notes due 2022 and US$195,000,000 Floating Perpetual Notes.

Holly Yuen, Director of Madison Pacific and Head of our Singapore office, was recently featured in Global Restrucutring Review's publication on 'Women in Restructuring'. The article highlighted a select number of prominent female practitioners within the restructuring and insolvency industry worldwide and surveyed each of their views on the industry as well as the efforts and achievements made in the workplace to promote diversity and gender equality.

Alastair MacAulay, principal of Madison Pacific Maritime Advisors, spoke recently at a seminar in Singapore jointly hosted by the Women's International Shipping and Trading Association (WISTA) and the International Women's Insolvency and Restructuring Confederation (IWIRC). The seminar centred on the different stages of a distressed shipping company's insolvency cycle and included in-depth, practical discussions on cross-border enforcement options, forms of insolvency process from receiverships and administration to liquidation and bankruptcy.

 

Madison Pacific group is pleased to announce that it has launched a new division Madison Pacific Maritime Advisors. Alastair MacAulay, Principal - Maritime, will be heading this division.

Madison Pacific Group is pleased to announce that Jake Williams has been appointed as the Chairman of the Group. Jake will be guiding the Group's international expansion and providing expertise especially in relation to distress and insolvent situations.

Jonathan Hatch, Managing Director of Madison Pacific, spoke at the IFIR Asia Capital Markets Forum 2016 held on December 1, 2016 in Hong Kong. The theme of the seminar was the key inititatives, developments and market trends for the next year, delving into topics such as panda bonds, high yield, and the increasing due dilegence demands brough about by regional regulators. Jonathan Hatch spoke on a panel which discussed the tope issues in enforcement and trustee roles.

Holly Yuen, Director of Madison Pacific and Head of our Singapore office, was voted one of the 20 rising stars in the insolvency and restructuring advisory sphere in the Global Restructuring Review ("GRR" 2016 survey. The survey focussed on non-legal practitioners acting as "trustees, liquidators, receivers, administrators, and accounts and insolvency specialists" in cross-border restructuring and insolvency matters. The final 20 individuals were selected from nearly 100 nominations received from around the world and were based on the strongest impartial response received during the GRR's research.

 

Madison Pacific Group is pleased announce that it has opened its London office to manage transactions orginating in Europe, Middle East, and Africa. The business has had a successful launch and has been appointed in a number of roles in a variety of transactions.

 

The Head of London office is Donna Duke and her contact details are:

Donna Duke

Director

Madison Pacific Limited

G09c, Warnford Court

29 Throgmorton Street

London EC2N 2AT

United Kingdom

Telephone: +44 20 7947 4953

Mobile: +44 79 1700 0704

Email: dduke@madisonpac.com

Donna has extensive experience in the debt market transaction structuring, debt restructuring and legal enforcement. Donna is supported by a team in the London office as well as the senior management and support teams from across the Madison Pacific Group.

David Naphtali, Managing Director of Madison Pacific, participated in the IPP White Collar Boxing event held in Hong Kong on 24 September 2016 as well as his bout. He personally helped to raise over US$10,000 for the Children's Surgical Centre, a nongovernmental organization that provides a range of sepcialised rehabilitation surgical services, surgical training, and direct support to the people of Cambodia - free of charge.

Holly Yuen, Director of Madison Pacific, was asked to speak on a panel at the third Regional Insolvency Conference on September 16, 2016. Organised jointly by the Insolvency Practice Committee of the Law Society of Singapore and the Insolvency Practitioners Association of Singapore, the conference brough together leading legal, account and finance practitioners to address cross-border insolvency issues. Madison Pacific was also a sponsor of this session.

Madison Pacific Group is pleased to announce that Donna Duke will speak at a seminar on May 17, 2016 at the Asia Society Hong Kong entitled Debt Restructurings in Asia: Why the Next Wave will be Different. The seminar is sponsored by Latham & Watkins, the Financial Times and ASIFMA (Asia Securities Industry & Financial Markets). Donna will be speaking on a panel which is to discuss what strategies should holders of Chinese offshore bonds pursue in upcoming restructurings.

Madison Pacific Group is pleased to announce that Donna Duke has joined as Director. She is currently based in Hong Kong office but will relocate to London in 2016 to oepn and lead our business there.

 

Prior to joining Madison Pacific, Donna was the Head of Loan Management, Asia Pacific for HSBC where she led teams of debt restructuring and recovery specialists in 20 jurisdictions across Asia. Before joining HSBC, Donna managed recovery teams at Standard Chartered Bank as Regional Head, Group Special Assets Management in South East Asia and Africa.

 

In these roles Donna worked on matters relating to global corporate groups, large corporations, and small to medium sized enterprises operating in industries including manufacturing, commodities, resources, services, transport, agriculture, and retail. The work included leading or participating in multi creditor and multi jurisdictional debt restructuring, refinancing, asset recovery, debt settlements, and fraud analysis. Donna has worked with bank gorups, other financial creditors, lawyers, accountants, financial advisors, trustees, agents and regulators.

David Naphtali, Managing Director of Madison Pacific, spoke on a panel in Hong Kong offices of Clifford Chance on the topic of "Distressed Debt and Restructuring of High Yield Products". The event was part of the Clifford Chance Hong Kong Perspectives Series and was held on 17 February 2016.

OECD Implements Common Reporting Standard.

Jonathan Hatch, Managing Director of Madison Pacific, acted as chair at the Euromoney 3rd Annual Asia Pacific Distressed investing and Corporate Restructuring Summit 2015 held on 2nd-3rd December in Hong Kong. The theme of the seminar was what distressed investing practitioners and restructuring specialists need to know in 2016. Jonathan Hatch also acted as a moderator for the panel session on whether the weakened Aussie dollar provided temporary relief to the distressed markets.

We are pleased to inform you that to accommodate our growth we have moved to new offices in Hong Kong with effect from October 1, 2015. Our new contact details are:

 

Our new contact details are:

Madison Pacific

1720, 17th Floor, Tower One Admiralty Centre, 18 Harbourt Road, Admirlty, Hong Kong'

Our telehphone, facsimile and email addresses remain unchanged.

Jonathan Hatch, Managing Director of Madison Pacific, participated in the IPP White Collar Boxing event held in Hong Kong on 12 September 2015. He personally helped to raise over US$5,000 for the Children's Surgical Center, a charity fighting every day life altering surgeries free of charge to underprivledged children in Phnom, Cambodia.

Holly Yuen, Director of Madison Pacific, was asked to speak on a panel at the second National Insolvency Confernece on 11th September 2015. Organised by the Insolvency Practice Committee of the Law Society of Singapore, the conference brought together leading legal, account and finance practitioners to address cross-border insolvency issues. Holly was on a panel discussing "What makes a successful and effective insolvency pracatitioner?" Madison Pacific was also a sponsor for this session.

Madison Pacific Trust Limited has been accepted as a new membe of SWIFT with BIC code MPACHKHR.

 

SWIFT is a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 10,800 financial institutions and corporations in over 200 countires trust us every day to exchange millions of standardised financial messages. This activity involves the secure exchange of proprietary data while ensuring its confidentiality an integrity.

Madison Pacific Trust Limited has been accpeted as a new full member of the Asia Pacific Loan Markets Association ("APLMA"). The APLMA is the pan-Asian association that is dedicated to promoting growth and liquidity in the primary and secondary loan documentation, the promotion of prudent bnaking practices, the organisation of educational and networking functions for syndicated loan professionals and acting as a liaison between major loan market players and regional regulators.

David Naphtali, Managing Director of Madison Pacific, spoke on a panel at the Asia Transformation and Turnaround Association ("ATTA") Mid-Year Conference in 2015 held on 12 June 2015 in Bangkok. Topics covered included a review of the Special Situations market in Asia, where capital is currently available and how to get it, as well as the challenges of lending into distressed opportunities and  how lenders seek to mitigate those.

Madison Pacific Group ("Madison Pacific") is delighted to be sponsoring the official App of the International Association of Restructuring, Insolvency & Bankruptcy Professionals ("INSOL") San Francisco 2015 Conference, which will be held from 22nd to 23rd March 2015.

 

The App will be available to delegates at least three weeks prior to the conference so that they can download the materials and familiarize themselves with the App. Delegates will also be able to upload their details to the networking site and arrange meetings with like-minded colleagues when they are in San Francisco. Sections on the App include: Itinerary, Final Folder, *NOTE*, Networking, Updates, About Us and Local Information.

 

Proposed Sale of shares in Tonkolili Iron Ore Ltd and African Railway & Port Services Ltd

Holly Yuen, Director of Madison Pacific, has ben voted to act as Secretary for International Women's Insolvency and Restructuring Confederation ("IWIRC") for the Singapore network, IWIRC is a robust international organization that supports relationship-building and provides resources at the global and local network levels of women in the restructuring and insolvency professions.

Competition law starts in Hong Kong today (first published by SCMP).

Jonathan Hatch, Managing Director of Madison Pacific, spoke at the IFLR Asia Capital Markets Forum 2014 held on December 4, 2014 in Hong Kong. The theme of seminar was the latest initiatives, developements and market standards that are essential for both banks and corporate to improve transparency and integrity with clients and the investing public. Jonathan Hatch spoke on a panel which discussed the enforcement options for distressed boonds.

Jonathan Hatch, Managing Director of Madison Pacific, spoke on two occasions at the Euromoney 2nd Annual Asia Pacific Distressed investing and Corporate Restructuring Summit 2014 held on November 18 & 19, 2014 in Hong Kong. The theme of the seminar was how to generate returns within Asia's distressed sectors. Jonathan Hatch acted as a moderator for the session on whether China is ready for more real estate high yield bonds and trust product defaults. He also spoke on a panel which discussed methods to resolve intercreditor relationships during restructurings.

Madison Pacific Group is pleased to announce that David Naphtali has joined as Managing Director based in Hong Kong.

David has significant experience in managing a variety of transactions involving both distressed and non-distressed assets from both a legal and commercial/financial perspective in numerous jurisdictions including Hong Kong, China, Indonesia, India, Thailand, Taiwan , Vietnam and Australia.

Prior to joining Madison Pacific David was a Senior Managing Director in the Corporate Finance/Restructuring Practice of FTI Consulting where he specialized in corporate advisory and M&A. Prior to that David worked as the VP Corporate Finance and Development at CLP Holdings Limited in Hong Kong where he was involved primarily in M&A and Project Development/Project Finance of power projects and assets throughout Asia Pacific.

According to Managing Director Jonathan Hatch, "David solid experience in the industry will strengthen our team and reflect our ongoing commitment to provide tailored quality services to our clients."

 

Madison Pacific Group ("Madison Pacific") is delighted to be sponsoring the official App of the INSOL Hong Kong 2014 Conference, which will be held from 23rd to 25th March 2014 at the Kowloon Shangri-La Hotel.

 

The App will be available to delegates at least three weeks prior to the conference so that they can download the materials and familiarize themselves with the App. Delegates will also be able to upload their details to the networking site and arrange meetings with like-minded colleagues when they are in Hong Kong. Sections on the App include: Itinerary, Final Folder, *Note*, Networking, Updates, About Us and Local Information.

 

It was an honor for Madison Pacific Group ("Madison Pacific") to be one of the sponsors of the IWIRC "Braces & Boas" Charity Ball, which was held on Saturday, 22nd February 2014.

Jan 15
Relocation

The Hong Kong office of Madison Pacific Group ("Madison Pacific") has moved to new offices in Hong Kong with effect from January 1, 2014.

Please refer to the following address of all future correspondence:

701A, 7/F, Tower One, Admiralty Centre, 18 Harcourt Road, Hong Kong

Our telephone, fascimile and email addresses will remain unchanged.

According to Managing Director, Jonathan Hatch, "This is a perfect time for us to relocate as we have been and will be hiring more quality people to continue providing our clients the superior service they have come to expect from Madison Pacific. The new office signals another important milestone in our tremendous growth story of the past tow and a half years."

China to allow 5 private banks this year (first published on garp. org)

Jonathan Hatch, Managing Director of Madison Pacific, was the chairperson and one of hte speakers at the Euromoney APAC Distressed Investing and Corporate Restructuring Summit Asia Pacific 2013 held on November 19 & 20, 2013 in Singapore. The theme of the seminar was to unravel the challenges and opportunities emerging from distressed situations throughout Asia Pacific as a whole, and detail how to successfully originate, manage, and profit from the region's varied markets.

Vinashin - An English solution for an Asian problem (first published on aohub.com)

Madison Pacific Group ("Madison Pacific") today enters its third year of operation as Asia Pacific's leading independent provider of trustee and escrow agency, custodial, directorshhip and company secretarial services. Madison Pacific specializes in complex transactions, including special situations such as restructurings, distressed transactions, complex workouts and enforcements.

Since its founding, Madison Pacific has been mandated on more than 150 escrow, agency and trustee assignments in the Asia Pacific region, including over US$350 million escrowed on behalf of clients and mandates on transactions valued in excess of US$5billion.

Some recent highlights:

  • Led the restructuring of Aston Metals Limited and appointed Receivers on behalf of Noteholders over secured mining tenement assets
  • Appointed as Trustee for AUD28 million Euroclear-listed Convertible Notes Issuance by Guildford Coal Limited
  • Appointed as Trustee for AUD 20 million Notes issued by a retirement estate in Australia
  • Jonathan Hatch, Managing Director of Madison Pacific, appointed as Responsible Officer of Magnet Investment Advisors Limited, a Type 9 SFC-registered asset manager and investment advisor
  • Jonathan Hatch appointed as independent non-executive director of Asia Strategic Capital fund, a private equity fund active in providing mezzanine lending to Asian companies

Nathan Tinkler's Aston Metals auction hots up (first published on theaustralian.com.au)

Nathan Tinker's Shrinking Empire (first published on theherald.com.au)

Nathan Tinklers' comeback just got harder: Empire rocked by mining company Aston Metals' collapse (first published on brw.com.au)

Receivers in at Tinkler's Aston Metals (first published on smh.com.au)

Tinkler Aston Metals Placed in Receivership by HK Firm (first published on bloomberg.com)

Tinkler Aston Metals Placed in Receivership by Madison Pacific (first published on businessweek.com)

New law may entice more trust firms to HK (first published on asianinvestor.net)

China's Economists Find Local Debt, Property Market Worrisome (first published on wsj.com)

China Private Equity Thinks Big (first published on wsj.com)

Trust Law amendment gazetted

Investors Keep Faith With Southeast Asia (First published in ft.com)

China on track to overtake US in non-financial corporate debt (First published in ft.com)

Multitude Art Prize Exhibition (First published in SCMP)

Madison Pacifc Trust Limited ("Madison Pacific"), a leading independent corporate trustee, announces it has been appointed as trustee and agent for the issuance of an AUD28m Euroclear-listed Convertible Notes by Australian listed company Guildford Coal Limited

The Euroclear deal has enabled us to reach a remarkable milestone and telegraph the wide coverage that Madison has for transactions and structures of this nature." said Jonathan Hatch, Managing Director of Madison Pacific. "We are very pleased to be able to support Guildford Coal Limited with our unique skills and experience in this area."

Madison Pacific is a leading independent corporate trustee, specializing in various special situations such as restructurings, distressed transactions, complex workouts, enforcements and other besopke private investment fund transactions throughout Asia Pacific. Madison Pacific offers trustee, escrow and custodian services, as well as investing and asset management services corresponding to our client;s requirements.

Since establishment in 2011, Madison Pacific has acted for a wide variety of clients, including foreign law firms, investment funds, banks, sovereigns, institutional investorsm on more than 150 assignments in various roles, involving transactions in excess of US$4 billion. As an escrow agent, Madison Pacific has escrowed over US$300 million on behalf of clients in restructuring, M&A and other transactions over the past year.

Madison Pacific's head office is located in Hong Kong with additional offices in Singapore and Beijing.

 

Jonathan Hatch, Managing Director of Madison Pacific, has been appointed as Responsible Officer of Magnet Investment Advisors Limited, a Type IX SFC-registered asset manager and investment advisor.

Madison Pacific is a leading independent corporate trustee, specializing in various special situations such as restructurings, distressed transactions, complex workouts, enforcements and other bespoke private investment fund transactions throughout Asia Pacific. Madison Pacific offers trustee, escrow and custodian services, as well as investing and asset management services corresponding to our client's requirements.

Since establishment in 2011, Madison Pacific has acted for a wide variety of clients, including foreign law firms, investment funds, banks, sovereigns institutional investors, on more than 150 assignments in various roles, involving transactions in excess of US$4 billion. As an escrow agent, Madison Pacific has escrowed over US$300 million on behalf of clients in restructuring, M&A and other transactions over th past year.

Madison Pacfic's head office is located in Hong Kong with additional offices in Singapore and Beijing.

Asian Economics Show Signs of Strength (First published in wsj.com)

Holly Yuen, Director of Madison Pacific, was asked to speak  on a panel at the second National Insolvency Conference on 11th September 2015. Organised by the Insolvency Practice Committee of the Law Society of Singapore, the conference brought together leading legal, account and finance practitioners to address cross-border insolvency issues. Holly was on a panel discussing "What makes a successful and effective insolvency practitioner?" Madison Pacific was also a sponsor for this session.

Asian Bond Markets Come to Life (First published in wsj.com)

Madison Pacific Group ("Madison Pacific") is pleased to announce the opening of a new office in Beijing as part of its strategy to expand geographically and be closer to clients.

 

The office is conveniently located in the heart of the business district of Beijing. The expansion into Beijing will enable Mansion Pacific to increase its level of service to clients in the Asia Pacific Regions.

 

The office address is as follows:

Suite 2608 Kuntai International Plaza 12 Chaoyang District Beijing 100020 P.R.C

T:+(86) 10 9525 1355

F:+(86) 10 5925 1377

Madison Pacific Group ("Madison Pacific") today celebrates its first year of operation as Asia Pacific's leading independent provider of trustee and escrow agency, custodial, directorship and company secretarial services for special situations, such as restructurings, distressed transactions, complex workouts and enforcements.

Over the last year, Madison Pacific has been mandated on more than 80 escrow, agency and trustee assignments in the Asia Pacific region, inlcuding over US$300 million escrowed on behalf of clients and mandates on transactions valued in excess of US$4 billion.

Our services include:

  • bond trustee
  • delegate/successor trustee
  • security trustee
  • escrow agent
  • nominee servies
  • calculation agent/conversion agent
  • corporate secretarial services
  • asset management and investment

Madison Pacific's head office is located in Hong Kong with a branch office in Singpore.

Jonathan Hatch, Managing Director of Madison Pacific, will be speaking at the IWIRC Great Debate on Thursday October 2012 in Hong Kong. The Topic of this year's debate is "It is better to be morally bankrupt than financially bankrupt". Madison Pacific is a proud sponsor of this year's debate.

Debt-Laden Chinese Solar Firms Need Infusion of Funds (First published in nytimes.com)

Shining a Light on Too Big to Fail in China (First published in caixin.com)

Smooth Sailing for Businessman (First published in asiaone.com.sg)

The Judicial Manager of Guangzhao Industrial Forest Biotechnology Group Limited (the "Compan") refers to the Notice of Judical Manager of Creditors of First Meeting dated 13 July 2012 (the"Notice"), which was announced on SGXNET on 16 July 2012.

Reference is also made to the Company's announcement dated 4 July 2012 in relation to the entry by the Company into i) a conditional subscription agreement with Shi Jiangang and Sam Kok Yin in relation to their subscription of 0% secured convertible notes to be issued by the Company (the "Subscription Agreeement") and (ii) a debt restructuring agreement with certain unsecured creditiors of the Company (the "Debt Restructuring Agreement").

Further to the Notice, the Judicial Manager wishes to announce that such meeting was held on 30 July 2012 at 2.00pm and that the meeting unanimously resolved to approve the Statement of Proposal contained in the Judicial Manager's report dated 13 July 2012.

The Statement of Proposal was for the Company to proceed to take all actions required to be taken by the Company under the Subscription Agreement and Debt Restructuring Agreement and that the Company remains under radical management until such time as appropriate to enable such actions to be taken as required or appropriate for the purposes of fulfilling the conditions precedents in the Subscription Agreement and Debt Restructuring Agreement.

Indonesian Workouts Risk Alienating Investors (First published in ifre.com)

Hard Landing Fear Tests Faith in China (First published in ft.com)

China Investment Boom Starts to Unravel (first published in ft.com)

Trsut Law Consultation Opens

Prospectus: US$1,300,000,000 - 7% Step-up Callable Subordinated Notes due 2072

Treasury, IRS Issue Proposed Regulations for FATCA Implementation

Lenders Hold Fire on Ailing Shipping Firms (First published in scmp.com)

The Madison Pacific Group ("Madison Pacific") is a premier independent provider of an extensive range of trustee and escrow agency, custodial, directorship and company secretarial services in a wide variety of special situations, such as restructurings, distressed transactions, complex workouts and enforcements throughout Asia Pacific, as well sa investing and asset management in distressed, illiquid and other special situations.

Madison Pacific is pleaseed to announce the opening of a new office in Singapore as part of its strategy to expand geographically and be closer to clients.

The office, at One Raffles Place, is conveniently located in the heart of the business district of Singapore. The expansion into Singapore will enable Madison Pacific to increase its level of service to clients in the Asia Pacific Regions.

The office address is as follows:

One Raffles Place Tower 2#10 - 62 Singapore 048616

T: +(65) 6604 9725

F: +(65) 6604 9721

 

 

The Madison Pacific Group ("Madison Pacific") is a premier independent provider of an extensive range of trustee and escrow agency, custodial, directorship and company secretarial services in a wide variety of special situaitons, such as restructurings, distressed transactions, complex workouts and enforcements throughout Asia Pacific, as well as investing and asset management in distressed, illiquid and other special situaitons.

 

Madison Pacific works with global banks and financial institutions, sovereigns and other key regional organisations, as well as international law firms, accounting firms and insolvency practices to provides services throughout Asia and our misson is to provide the highest quality of service and responsiveness to our clients and adhere to the highest standard of efficiency and integrity.

Companies Ordinance Rewrite

Media Contact

Amy Hau

  • Director
  • : +852 2599 9590
  • : +852 2599 9501
  • : ahau@madisonpac.com