Madison Pacific is pleased to announce we have been appointed as Replacement Security Trustee by the High Court of Justice in London.
The Administrators of London Capital & Finance PLC, a company incorporated under the laws of England and Wales, (the “Company”) issued a claim in the High Court for the removal and replacement of the Security Trustee. The Administrators’ claim has been successful and pursuant to a Court Order dated 14 January 2020, Madison Pacific Trust Limited has been appointed pursuant to the Order of the Court as the new Security Trustee. The security trust structure was established by the Company to secure in excess of £237 million of Bonds issued by the Company to over 11,500 bondholders.
Under the existing Security Trust Deed, Madison's role relates only to the distribution to bondholders of recoveries made by the Administrators. It has been agreed between the Administrators and Madison Pacific that Madison Pacific will delegate its responsibilities for distributing the proceeds of enforcement to the Administrators. This means that the Administrators will calculate and distribute funds to bondholders. Madison Pacific will assist the Administrators as necessary and will take steps to satisfy itself that the work of the Administrators is being carried out properly and correctly.
Madison Pacific looks forward to working with the Administrators for the benefit of all bondholders.
The Administrators are representatives from Smith & Williamson LLP and FRP Advisory LLP. If any bondholder would like more information about either the appointment of Madison Pacific or the administration process, they should contact the Administrators directly via their website https://www.smithandwilliamson.com/london-capital.
Madison Pacific is pleased to announce the appointment of Mrs. Vicky Münzer-Jones to head up their London office.
Vicky joins us from international law firm, Norton Rose Fulbright, where she was a Partner and Head of the Singapore Debt Capital Markets team. With her extensive experience in debt capital markets, banking transactions and financial market infrastructures, attained from London, Amsterdam and Singapore, she will be an excellent addition to the traditional service offering of Madison Pacific in Debt Services.
Vicky’s contact details are below.
Tel: +44 20 7947 4949
Madison Pacific announces the departure of Donna Duke from their London office. Managing Director Mr. David Naphtali said "Donna was a key member of the team and instrumental in the success of our expansion into the EMEA region. We thank her for all her hard work and contributions as we wish her all the best in her future endeavours".
Rounding off this year’s events was the annual Cocktail Party, where Madison Pacific Singapore celebrated their presence and another successful year.
Jonathan Hatch and David Naphtali, Managing Directors of the Madison Pacific Group along with Holly Yuen, Director – Head of Singapore and a few key personnel welcomed over 100 guests at the annual gathering held at The Empress @ Asian Civilisations Museum on November 21, 2019.
Guests enjoyed an evening of cocktails, wines, hors d'oeuvresand networking with emerging clients and partners and catching up with friends and business acquaintances.
This major party also celebrated Madison Pacific Singapore achieving grant of a Trust Business Licence which further advances Madison’s long-standing goal to provide their clients with a full range of trust and agency services.
Madison Pacific Hong Kong hosted its annual event at the Porterhouse in Central on September 26, 2019. The annual party was very well attended by many of Madison Pacific’s business partners and clients over the years. The event also celebrated Madison Pacific’s Singapore office being granted a Trust Business Licence by the Monetary Authority of Singapore and the upcoming Hong Kong office move in October 2019.
Madison Pacific would like to thank all the party attendees for their continued support and we are looking forward to hosting our guests at our annual event in Singapore to be held in November.
Madison Pacific is pleased to announce that Madison Pacific Pte. Limited has been granted a Trust Business Licence by the Monetary Authority of Singapore.
The Trust Business Licence will enable Madison’s Singapore entity to take on a wide range of trust engagements and administration. This regulated status in Singapore complements the trust license and TCSP status (Trust or Company Service Provider) maintained by Madison’s Hong Kong entity, Madison Pacific Trust Limited.
Madison Pacific’s Director and Head of Singapore, Ms. Holly Yuen, commented, “This Trust Business License is a demonstration of Madison Pacific’s continued commitment to our clients in Singapore and throughout the South East Asian region. The licence is also in furtherance of Madison’s long-standing goal to provide our clients with a full range of trust and agency services from Singapore.”
Madison Pacific, a leading provider of Corporate Trust & Agency, Escrow & Custody, Asset Management and Directorship services is pleased to announce the opening of a Cayman Islands office in the Cayman Enterprise City Special Economic Zone to better serve the needs of clients in North America and the Caribbean for structures, transactions and entities.
Managing Director, Mr. Jonathan Hatch, based in the Cayman Islands, will head up the Madison Pacific Cayman office. The office is located in the Cayman Economic City at Strathvale House, 90 North Church Street, Georgetown, Grand Cayman, Cayman Islands (Tel: +1 (345) 232-2220).
As part of the Madison Pacific expansion, Mr. Scott Reid, Director - Asset Servicing, joined Madison Pacific earlier this year based out of Hong Kong where his background in structured finance along with a China Business focus will be of great benefit to the new Cayman office serving cross border investment and structuring needs for clients investing in Asia or from Asia.
The new office will be the company’s fifth office and is an important step towards Madison Pacific servicing the North American market and to provide Cayman related services to our existing global clients. Our service scope of Corporate Trust and Agency will be expanded to Asset Protection Trusts and other services to fund clients working closely with its Parent Company, Tricor’s Cayman office to deliver a seamless service offering.
Plans to set up operations in Cayman Islands were initiated due to opportunities identified to be of great benefit to Madison Pacific’s fund clients service offering and leveraging the presence Tricor has in the Cayman Islands. Both Tricor and Madison Pacific see the new office as mutually beneficial for establishing greater ties within the Tricor Group and to provide a wider service offering to new and existing clients.
The 21st APLMA Annual Syndicated Loan Market Conference was held on 29-30 May 2019 at the Grand Hyatt Hotel in Singapore whereby Madison Pacific's Hong Kong based Managing Director, Mr David Naphtali, presented on: Practical Considerations for Workouts / Restructuring / Default in front of nearly 500 attendees during day 1 of the 2 day conference.
Madison Pacific is delighted to be sponsoring this annual event and to welcome the newly elected Chairman and other board members to the APLMA team. Amongst the attendees from the Madison Pacific team, includes Directors, Ms Gillian Chan and Ms Cassandra Ho based in Hong Kong plus various team members from the Madison Pacific Singapore office.
Day 1 of the conference ended with drinks at Zafferano. Thanks to the APLMA team for organizing such a great event.
The 2019 Global Alternative Investment Management Operations Conference was held in the Cayman Islands from April 28 – May 1, 2019 at the Ritz Carlton, Grand Cayman. The four-day conference included over 500 attendees that are leading experts from across operations, compliance and operational due diligence with industry leaders including COOs, CCOs, Counsels, CFOs, and Head of Operational Due Diligence.
Madison Pacific’s Managing Directors, Mr. Jonathan Hatch and Mr. David Naphtali hosted speaker led lunch tables on April 29, 2019.
The topic of “The View from Asia – Structuring considerations for Private Credit” was very much well received by the attendees and discussed over a lively session during lunch.
The APLMA Agency Conference was held on 12 March 2019 at the Marriott Hotel in Hong Kong whereby Madison Pacific’s Hong Kong based Managing Director, Mr. Jonathan Hatch, spoke on the panel: The Rise of the Independent Agent: Bank Providers vs the Independents
There was lively debate between the Banks and the Independents as to why in certain circumstances an Independent Agent would be preferred over a Bank Provider. The audience certainly enjoyed the friendly repartee between the panelists.
The conference was well attended by local and international participants whereby relevant topics relating to Agency, Fintech, LIBOR and expectations from an Agent were presented, debated and discussed.
In attendance at this event were other team members from Madison Pacific including Ms. Cassandra Ho and Ms. Gillian Chan.
Madison Pacific hosted a fun-filled Cocktail Party to celebrate its success!
Madison Pacific Singapore, hosted their annual Cocktail Party on November 28, 2018 at the Zafferano Restaurant and Lounge located in the heart of the Central Business District in Singapore.
Cassandra Ho spoke at the IWIRC Asia Restructuring and Insolvency Conference
The conference was held on 8 November 2018 whereby Madison Pacific's Hong Kong based Director, Ms. Cassandra Ho spoke on the technical panel: From mining to what is mine?! Issues to consider in a cryptocurrency exchange collapse.
Madison Pacific was one of the sponsors of the APLMA 20th Anniversary Party held at Zuma in the Landmark Atrium on Thursday, 13 September 2018.
During the evening, attendees were able to enjoy the fantastic jazz music produced by the ive band and enjoyed the selection of hors d'oeuvres prepared by the chefs at Zuma as well as a selection of wine and cocktails.
In attendance at this event were selected team members from Madison Pacific including Mr. David Naphtali, Managing Director of Madison Pacific, Directors Ms. Cassandra Ho and Ms. Gillian Chan.
This was truly a fun and enjoyable evening bringing together the wonderful network that the APLMA brings.
Madison Pacific in Singapore (MPSG) kicked off an exciting intimate evening of wine tasting on Wednesday, 29 August 2018 at their new office in the Singapore Exchange Centre located in the Central Business District.
MPSG hosted this informal, fun five course wine tasting experience, with wines presented by a local wine company, The French Cellar.
During the evening, The French Cellar introduced guests to a selection of interesting red and white wines produced from different regions in France. The wines were accompanied by a selection of hors d’oeuvres and artisanal cheeses. Guests were able to exercise their palettes and see the difference between the wines from the different regions with different grape blends.
In attendance at this event were Mr. David Naphtali, Managing Director of Madison Pacific, Ms. Holly Yuen, Head of Singapore, the Madison Pacific Singapore team, Mr. Ho Lon Gee, Managing Director from Tricor Singapore, amongst a selection of Madison Pacific’s clients.
This was truly a fun and unique event that not only united the business clientele, but also invited wine lovers to join and explore some of France’s most exciting winemaking regions.
Asia’s leading business services provider enhances capabilities with new debt trustee services
31 July 2018
Tricor Group(“Tricor”), Asia’s leading provider of business, corporate and investor services, is pleased to announce today its agreement to acquire Madison Pacific Group, the leading independent provider of corporate trust and agency services throughout Asia (“Madison Pacific”).
Combined with the current business of Tricor Investor Services, Madison Pacific, which specialises in providing corporate trust, loan agency and security trustee services, will give Tricor a complete platform to support corporate clients in their capital needs in the debt and equity markets, especially in Hong Kong, one of the world’s largest capital markets.
The acquisition adds Madison Pacific’s strong franchise and deep expertise in corporate debt and investment to the Tricor platform and allows the combined group to offer sophisticated solutions to both firms’ clients. Madison Pacific was founded in 2010 in Hong Kong to address the need for an independent and experienced expert provider of trusted third-party trustee and agency services in sophisticated cross-border debt focused transactions.
Madison Pacific operates across Asia and EMEA from offices in Hong Kong, Singapore and London. Since its founding Madison Pacific has acted on over 700 transactions with a combined value in excess of US$50 Billion.
Lennard Yong, Group CEO of Tricor, said: “Madison Pacific adds an important capability to Tricor’s customer solutions. We are now the number one provider of share registrar solutions in Hong Kong, trusted by over 1,200 companies on the Hong Kong Stock Exchange. As our clients’ capital requirements mature to encapsulate debt issuance, Tricor can now provide solutions as a corporate trust provider, enabling our customers to more easily access capital in the debt markets. Our enhanced capabilities with Madison Pacific enhances our status as the most desirable partner in business solutions.”
Jonathan Hatch and David Naphtali, the Managing Directors of Madison Pacific commented: “We are very pleased to be moving into a new phase of global growth with a strong partner. We thank all of our staff and stakeholders for their valuable contributions, especially Lennard for his wise stewardship of this transaction on behalf of Tricor. Tricor’s deep understanding of corporate trust as a professional service, rather than an administrative service, is exactly what has driven our own success to date, and we are confident that our broadened platform we will deliver superior value to our clients.
Tricor is also pleased to recognize Madison Pacific’s Managing Directors, Jonathan Hatch and David Naphtali, whose leadership and experience enabled Madison Pacific’s success in its specialist area. Lennard Yong remarked, “I am very excited and look forward to working with Jonathan and David as well as the wider team at Madison Pacific. Jonathan and David bring exceptional talent and expertise together with a fast growing business that strongly complements our existing brand. From our Hong Kong headquarters, Tricor is already recognised as a leading Asian-based multinational corporate services firm. As Asia continues to drive the world’s economic growth, we will leverage our geographic advantage to help our clients accelerate growth in this region. Together with Madison Pacific, we will deliver truly invaluable solutions for our clients.”
For more information, please contact:
Madison Pacific Group
T: + (852) 2599 9500
The International Women’s Restructuring and Insolvency Confederation (IWIRC) Singapore Network organized the IWIRC Masquerade Dinner Gala in Singapore held on Thursday, 21 June, 2018 at the spectacular Tower Club overlooking breathtaking views of Singapore’s dynamic city skyline.
To mark this year’s 2018 inaugural event, Mr. Justice Aedit Abdullah, one of the leading restructuring and insolvency High Court judges in Singapore, was the Guest of Honour. Guests included senior restructuring and insolvency professionals within Singapore and the Asia Pacific region. The evening began with cocktails, opening speech by Co-Chairs of IWIRC Singapore, Ms. Holly Yuen, Director of Madison Pacific and Head of our Singapore office, and Ms. Meiyen Tan, Partner and Head of Restructuring & Insolvency Practice at Oon & Bazul.
Madison Pacific was among one of the generous sponsors for this black-tie event. Ms. Holly Yuen, along with Ms. Amy Hau, Director of Madison Pacific Hong Kong office, hosted our invited guests at the dinner. The event was a huge success with a great turnout. We have included some photos of the event for your preview.
The IWIRC Singapore Gala is an opportunity to connect and promote success of women in the insolvency and restructuring professions worldwide. The IWIRC demonstrates the power of networking and support to help engage women worldwide through a global membership of more than 1.200 attorneys, bankers, corporate-turnaround professionals, financial advisors and other restructuring practitioners, members develop a powerful network of contacts, resources, mentors and friends.
For more information on IWIRC, please go to https://www.iwirc.com/
Holly Yuen, Director of Madison Pacific and head of our Singapore office, has been featured in the 2018 edition of the WWL’s Publication on Restructuring and Insolvency professionals. The publication highlights leading practitioners who are experts in insolvency and restructuring law. WWL notes that, “Holly Yuen is a powerhouse in the region and is trusted counsel to banks, investment funds and individuals in distressed situations.”
The Madison Pacific Group is a premier independent provider of an extensive range of trustee, agency, escrow, custodial, directorship and company secretarial services in a wide variety of transactions including private and public debt and new capital raisings, restructurings, distressed transactions, complex workouts and enforcements, asset management in other special situations, and opportunistic investment. Our activities span the world with deep expertise across the Asia Pacific region.
Managing Director, Jonathan Hatch, participated as a leading industry representative on innovative and flexible agency and trustee services. Together with well respected panelists from funds, banks and law firms, the “Distressed Debt and Restructuring in Asia” panel at the IFLR Asia Capital Markets Forum provided a lively debate about the key opportunities and drivers for Asian investors.
Jonathan’s experience in the deal market provided insights into current trends and issues being faced across multiple Asian jurisdictions with particular emphasis on how a responsive trustee and agent is fundamental to engineering the desired outcome from a restructuring.
Madison Pacific Director, Cassandra Ho, was invited on the all-female “Competing interests in offshore debt restructurings: a practical look” panel at the 2017 TMA Asia Pacific Conference. Panelists discussed their roles in the context of a typical offshore debt restructuring case study.
Representing the trustee role, Cassandra highlighted the importance of balancing the interests of the key stakeholders as well as the longevity of the trustee role long after the transaction documents have been signed. The panel discussion was interactive and informative providing both a practical and legal view of the challenges in negotiation and restructuring.
Managing Director, David Napthali, spearheaded panel discussions concerning debt restructuring in Indonesia highlighting the often complex circumstances surrounding transactions in Indonesia, particularly when it comes to taking security in that jurisdiction. The panel agreed that realistic expectations and a commercially astute agent/trustee like Madison Pacific was helpful in navigating the intricacies of the Indonesian PKPU and related processes.
Holly Yuen, Director of Madison Pacific and Head of our Singapore office, was invited to speak on a panel at the inaugural Global Restructuring Review Live Event in Hong Kong held at the offices of Freshfields Bruckhaus Deringer. The event featured a keynote speech by the Honourable Mr. Justice Jonathan Harris of the Hong Kong Companies Court. Ms. Yuen was part of a live panel discussion during which audience members submitted questions in advance in relation to Hong Kong and Singapore schemes of arrangement and other restructuring mechanisms.
Madison Pacific proudly provided sponsorship for the first time to this highly popular annual marine industry event. Cassandra Ho, a Director at Madison Pacific was a panelist on the restructuring panel discussing transactional vulnerabilities including back to basics documentation with representatives from banks, funds, and other restructuring professional bodies.
Holly Yuen, Director of Madison Pacific and Head of our Singapore office, was invited to speak on a panel at the Singapore Insolvency Conference held on August 24-25, 2017. The conference was jointly organised by the Law Society of Singapore and the Insolvency Practitioners Association of Singapore and it brought together leading legal, accounting and finance practitioners to address cross-border restructuring and insolvency issues. Ms. Yuen spoke on a “Restructuring Bond Debt” panel which canvassed the recent amendments to the Singapore Companies Act in relation to corporate restructuring and their impact on Singapore’s corporate distressed scene and the region at large.
Holly Yuen, Director of Madison Pacific and head of our Singapore office, delivered the opening address of the Inaugural IWIRC PacRim Restructuring and Insolvency Conference held in Singapore on August 23, 2017. Ms. Yuen serves as Co-chair of the Singapore IWIRC network. The conference was attended by professionals across Asia, including Singapore, Hong Kong, Malaysia and India.
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:
Madison Pacific Limited
G09c, Warnford Court
29 Throgmorton Street
London EC2N 2AT
Telephone: +44 20 7947 4953
Mobile: +44 79 1700 0704
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.
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:
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.
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:
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)
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:
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)
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.