Lawyers Warn of 1998-Like Debt Pain

The video discusses the spread of financial distress across sectors like shipping, mining, and retail, with recovery rates in East and South Asia expected to be lower than in the US. Singapore faces rising economic risks, with bad loans at a six-year high and property sales declining. The Baltic Index of shipping rates has hit a record low, and global companies are under review for downgrades. The law firm Roger and Tan reports a significant rise in insolvency and restructuring work, indicating widespread financial challenges in the region.

What is the expected recovery rate for creditors in East and South Asia during bankruptcies?

• $0.20 for every dollar

• $0.80 for every dollar

• $0.33 for every dollar

• $0.50 for every dollar

Which sector in Singapore experienced its worst start to the year since 2009?

• Retail

• Shipping

• Property

• Mining

What was the status of the Baltic Index of shipping rates?

• Highest since 1985

• Moderate since 1985

• Unchanged since 1985

• Lowest since 1985

Which law firm saw a 30% rise in insolvency and restructuring work?

• Allen and Overy

• Baker and McKenzie

• Smith and Co

• Roger and Tan

Which company was NOT mentioned as being involved in insolvency cases?

• OW Bunker

• Barkeri Telecom

• Tesla Inc.

• China Fishery Group