The insolvency of Alpine Bau GmbH has been described as what could be Austria’s biggest corporate collapse since World War Two. Their estimated liabilities amounted to more than 2.6 billion EURO and affected some 6,500 employees. Worldwide (excluding Austria), Alpine has branch offices in various parts of Europe, India, China and Singapore. Before its insolvency, the story of Alpine's success reflects the globalisation of business and how overseas construction companies have ventured out of their home countries, including to Singapore, to undertake construction work.  We see many of them here and they come from all over the world. Many of our civil and rail contractors are overseas companies.  What happens when they become insolvent?

Mr Abuthahir Abdul Gafoor will share some of the practical experience in dealing with such complex insolvencies, which often affect several sub-contractors, employees, landlord, and other stakeholders. Mr Koh Kia Jeng will touch on the unique legal challenges faced when a construction company becomes insolvent.  What rights would an Employer have? How can the Employer ensure that the development suffers as little delay as possible from this traumatic event?  How are sub-contractor's rights affected?  He will also touch on the situation where a foreign company is involved. Where would and should a sub-contractor file its claim for work done? Both Mr Abuthahir Abdul Gafoor and Mr Koh Kia Jeng will touch on these issues.

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