Principal
Founder and Director
Mr Farooq Ahmad Mann has more than 20 years of full time experience in Insolvency and Restructuring work and has been involved in various litigation support matters, business valuation engagements and forensic accounting. Mr Mann is the founder and director of, M/s MANN & ASSOCIATES PAC, Chartered Accountants of Singapore.
Over the course of his career, as an Insolvency Practitioner, he has conducted investigations of insolvent companies and bankrupts, in particular, identifying antecedent transactions, such as but not limited to wrongful and insolvent trading, unfair preference payments, uncommercial loans, undervalue transactions, investigations into breaches of fiduciary duties, conducting public examinations and initiating recovery actions and legal proceedings to recover assets for the benefit of creditors. Mr. Mann provides advice on and accepts appointments to both corporate and personal insolvency matters
.
Prior to founding Mann & Associates PAC, Mr. Mann was working with other prominent accounting firms where he directly supervised insolvency work and litigation support, which included forensic investigation work.
Mr. Mann is a seasoned professional with experience in Insolvency matters having been appointed as Liquidator, Provisional Liquidator, Judicial Manager, Receiver and Manager, Private Trustee in Bankruptcy and as a Nominee in personal voluntary arrangement matters. In connection with his experience in Insolvency practice, he has been appointed as Liquidator, Provisional Liquidator and Receiver and Manager in several high profile insolvencies and estates having substantial assets.
Mr. Mann has also been actively involved in special engagements including preparation of expert reports and business valuation reports. He has been involved in examining and reporting on financial aspects of disputes of various kinds including claims for loss profits from business disruption, shareholders’ dispute, matrimonial disputes and valuations of entities and shareholdings of stakeholders in such entities. His litigation support experience includes the preparation of expert reports, attending Court and Arbitration proceedings to provide expert witness testimony on various accounting and forensic investigation related matters as well as contested valuation matters. This aspect of his experience has also required Mr. Mann to participate in hot-tubbing sessions in Court with experts of opposing parties and/or working with opposing experts in assisting the Court on the areas of agreement and areas of dispute between experts.
Mr. Mann has experience in the following types of insolvency matters:-
- Members’ and Creditors’ Voluntary Liquidations;
- Court Appointed Liquidations;
- Provisional Liquidations;
- Judicial Management;
- Receivership;
- Schemes of Arrangement;
- Personal Bankruptcy matters;
- Voluntary Arrangements .
Mr. Mann holds an MBA from the University of Birmingham and is a Fellow of the Association of Chartered Certified Accountants, UK (FCCA). He is a Member of the Institute of Certified Public Accountants of Singapore (ICPAS)and is a Public Accountant of Singapore. In addition, he is a Licensed Insolvency Practitioner in Singapore and is a Member of the Association of Business Recovery Professionals (UK) (M.A.B.R.P).
Career Highlights and Expertise
- Mr. Mann has experience as Liquidator of companies across a broad spectrum of industries, which include companies involved in Shipping, Construction, Commodities, Food & Beverage, Information Technology, service activities incidental to oil and gas extraction, amongst others. His task and responsibility as Liquidator also involves cross-border work for overseas subsidiaries in Dubai, India, Vietnam, Malaysia and others. He has worked with various stakeholders and professionals in these jurisdictions.
- Mr. Mann has led teams in the insolvency projects including work involved in the project management of major receivership assignments and has undertaken investigative and forensic accounting work which includes reviewing and analyzing accounting and financial records amongst others to trace assets, discover antecedent transactions, etc. He has also handled and managed all types of Insolvency administrations from large to small, corporate to individual matters. Most of his clients include financial institutions, law firms and corporations both listed and non-listed.
- In addition, he has held appointment as a Receiver and Manager of a well-known company which is a subsidiary of an entity listed on ASX and is also currently the court appointed judicial manager of a long standing company involved in the transportation
- Mr. Mann has been involved in helping struggling companies by working closely with senior management to restructure their debts and finances and by creating a turnaround strategy for these companies.
- In addition to his extensive experience in insolvency management and corporate restructuring experience, Mr. Mann has also worked on various forensic accounting and litigation support assignments including investigations into complex accounting transactions and the preparation of experts reports for Court proceedings and attending in Court to provide expert testimony on such complex.
- Mr. Mann has extensive experience involving cross-border insolvency matters particularly in relation to Court appointed and creditor voluntary liquidations. This has required Mr. Mann to liaise with professionals in Singapore and overseas including law firms and other members of the insolvency profession in the course of administering the liquidation of these companies.
Professional Qualifications and Licences
- MBA from the University of Birmingham, United Kingdom
- Fellow of the Association of Chartered Certified Accountants, UK (FCCA).
- Chartered Accountant of Singapore (ISCA) and a Public Accountant registered under the Accountants Act (Chap 2).
- Licenced Insolvency Practitioner in Singapore
Professional Memberships
- Member of the Institute of Singapore Chartered Accountants (ISCA)
- Fellow of the Insolvency Practitioners Association of Singapore (IPAS)
- Member of the Association of Business Recovery Professionals (UK)
- Fellow of International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL)
- Member of the Turnaround Management Association, UK (TMA UK)
- Associate member of the Association of Certified Fraud Examiners (ACFE)
- Member of the American Bankruptcy Institute (ABI)
- Member of the Singapore Institute of Directors (SID)
- Member of the Singapore Institute of Arbitrators (SIARB)
- Member of the Asia Pacific Institute of Experts (APIEx)
Professional Appointments / Executive Committee Member
- Asia Transformation and Turnaround Association Limited, Hong Kong (Executive Committee Member)
Contact
DID: +65 6222 7496
Fax: +65 6222 8768
H/P: +65 9853 6484
Email: farooq.mann@mann.com.sg
+65 6222 7496