Restructuring/Insolvency: Domestic
Asia-Pacific Guide 2025 : Singapore
Band 2
Email address
[email protected]Contact number
(65) 6521 6750Chambers Review
BlackOak has a well-respected legal team based in Singapore with a broad contentious and non-contentious practice, particularly focussed on acting for debtors, as well as insolvency practitioners and leaders of schemes of arrangement. The team regularly handles high-value debt restructuring exercises, as well as insolvency litigation. The lawyers are especially active on matters involving the energy, real estate and fintech sectors. The firm has impressive cross-border capabilities, with a particular focus on India and South-East Asia.
Work Highlights
- BlackOak acted as the Singaporean counsel for FTX Trading on behalf of the debtor companies in Singapore during its insolvency. This included identifying and preserving assets, dealing with third-party claims and communicating with regulators.
Strengths
Provided by Chambers
"They are extremely responsive and take full ownership of the problems and solutions. We feel they are in our shoes and fighting in our corner in a reasonable, professional and commercial way."
"The lawyers are problem-solvers who often develop innovative solutions to sophisticated problems. They are also very responsive and helpful."
"They are extremely responsive and take full ownership of the problems and solutions. We feel they are in our shoes and fighting in our corner in a reasonable, professional and commercial way."
"The lawyers are problem-solvers who often develop innovative solutions to sophisticated problems. They are also very responsive and helpful."
Notable Practitioners
Ashok Kumar is a revered and experienced lawyer in Singapore who has expertise in advising liquidators as well as committees of shareholders and debtors on major insolvencies.
"The best restructuring and insolvency lawyer in Singapore. A senior statesman with great experience. He takes an extremely practical and results-orientated approach."
"Given Ashok's legal acumen and years of experience, he is one of the best lawyers I have worked with in this space."
Darius Tay is a notable name in Singapore's legal market, advising on restructuring and insolvency proceedings. He often acts on behalf of debtors and liquidators.
"Darius remains calm under pressure and is an excellent negotiator, knowing when to be firm and robust on key issues and which points can be horse-traded."
"Darius possesses excellent technical ability and commercial awareness. He is also diligent, responsive and dedicated."