Connaught has advised Clients on many successful multi-sector turnaround and restructuring assignments across Asia and the Middle East, spanning:
Representative prior experience includes the assignments below. Further details are available on request.
Rescued a stalled procurement process for a high-end, multi-tower development where negotiations with the preferred Contractor had collapsed. Reset commercial expectations, rebalanced risk allocation around an evolving design, and structured a bespoke contract that enabled early construction start in parallel with evolving package designs.
Represented Contractor through funding negotiations with lenders, insurers and legal advisors on a mega-scale residential development. Delivered a funder-acceptable execution and risk package for Financial Close, subject to parent undertakings.
Led the turnaround of a stalled office tower using escrowed assets and unsold units as PIK consideration. Negotiated a revised Financial Close involving the Developer, Municipality, Consultants, Contractor and supply chain, allowing construction to restart and stakeholder positions to be preserved.
Resolved a termination scenario on a stalled Mall / Offices project. Pivoted within 6 weeks from termination preparations to an Owner-requested reset of price and completion terms.
Led a technical review to depose alleged post-fabrication defects that had stalled installation. Reframed the technical and contractual narrative to unlock payments. Initiated arbitration proceedings against Owner to promote reality-check and settlement.
Developed and prosecuted a conformance and safety-based enforcement strategy to support recovery of outstanding payments on a large-scale wind project, shifting leverage decisively in favour of fabrication Contractor.
Conducted root-cause analysis of late instrumentation changes to control facilities. Used findings to reframe responsibility for cost and schedule overruns, and established regulatory grounds to withhold product, resulting in a commercial settlement.
Developed a contractual position around Owner scope changes, positioning the EPC Contractor to renegotiate the project Price, Schedule and Performance specifications.
Developed a contractual position around Owner scope changes and LC conditionalities that enabled the restructuring of a stalled EPC contract for blast shelters at a major refinery.
Defended Owner against Contractor claims arising from a capacity upgrade at an onshore gas plant, neutralising exposure through technical and contractual rebuttal.
Root-cause analysis to assist resolution of complex commissioning issues for multiple streams at a major STW, stabilising performance and removing barriers to Owner acceptance.
Identified and substantiated major delay claims, securing a significant extension of time that extinguished liability for liquidated damages.
Identified major logistic changes due to isolated soft spot. Presented revised execution strategy to Owner, enabling negotiated settlement of major cost and schedule issues and stabilisation of the project.
If you have a confidential situation and early clarity would be helpful, get in touch.