Ashok has more than 20 years of experience in legal practice. His core practice area is in corporate restructuring and insolvency and he leads the practice at BlackOak handling both contentious and non-contentious aspects of the practice. He acts for companies, creditors, financial institutions, banks and insolvency professionals, providing advice on solutions when companies are in a distress or near distress situation.
Ashok Kumar
Director


LL.B (Hons), University of London (Queen Mary College)
Advocate & Solicitor, Singapore
Barrister at Law (Middle Temple)
Associate Mediator, Singapore Mediation Centre


Ashok is a well-respected veteran in the area of corporate restructuring and insolvency. Handling both the contentious and non-contentious aspects of this practice on cross-border as well as domestic deals, Ashok regularly acts for debtors, creditors, financial institutions, funds and insolvency professionals, providing practical solutions when companies are in a distress or near-distress situation. Ashok is consistently named as a leading lawyer in this practice area in various reputable ranking publications, including Chambers and Partners, IFLR 1000, and Asialaw Profiles, to name a few.

Ashok has also contributed significant time and resources towards the development of the corporate restructuring and insolvency field in Singapore and the region. He chaired the Law Reform Committee’s Report on Litigation Funding in Insolvency Cases (Singapore Academy of Law; February 2014), and successfully argued in the first Singapore decision on Court approval of a litigation funding agreement in a liquidation context (Re Vanguard Energy [2015] SGHC 144).




Contact Information
DID: (65) 6521 6741
FAX: (65) 6443 0887
EML: ashok.kumar@blackoak-llc.com




"A veteran of the market, who gets things done and is able to execute on difficult transactions."
- Legal 500

"Able to handle both advisory and contentious matter, the commercially minded Kumar is ‘someone easy to strike a deal with’, interviewees affirm".
- Chambers and Partners

A well-respected veteran in the area of corporate restructuring and insolvency. Ashok is versatile in both the contentious and non-contentious aspects of cross-border and domestic deals, and has acted for a wide range of debtors, creditors, financial institutions, funds and insolvency professionals over the years."
- IFLR 1000
Recent Deals
  • Acting for BLD Investments Pte Ltd in relation to the restructuring of its Guaranteed Equity Linked Bonds, guaranteed by PT Bakrieland Development Tbk.
  • Acting as local counsel for an Ad Hoc Committee of Noteholders of Blue Ocean Resources Pte Ltd on the restructuring of its USD 325 million, 11% guaranteed senior secured notes due 2012.
  • Acting as local restructuring counsel for an informal steering committee of Noteholders in the Hyflux Group’s USD 2 billion restructuring exercise.
  • Acting for an informal steering committee of holders of USD 150 million, 8.75% senior secured bonds due 2018 in relation to Miclyn Express Offshore Pte Ltd’s restructuring exercise.
  • Acting as local counsel in relation to the global dissolution of Lehman Brother Holdings Inc’s subsidiaries and related entities worldwide.
  • Advising and representing the liquidators of Vanguard Energy Pte Ltd (a company with revenues in excess of USD 1 billion) in various aspects of a complex liquidation.
  • Advising and representing the liquidators of Power Solar System Co Ltd (in liquidation) in relation to its USD 263.9 million claims against Suntech Power Investment Pte Ltd, as part of a larger global restructuring.
  • Advising the liquidators of Trikomsel Pte Ltd and Trikomsel Singapore Pte Ltd, Singapore subsidiaries of Indonesian telecommunications conglomerate, PT Trikomsel Oke Tbk, on claims against certain third parties in respect of antecedent transactions.
  • Part of the team advising the provisional liquidators of Mongolian Mining Corporation on a suite of debt-restructuring proposals, including the restructuring of secured notes by way of cross-border schemes of arrangement.
  • Acting as local counsel for Gulf Pacific Shipping Limited, a wholly owned subsidiary of STX Pan Ocean (Hong Kong) Co Ltd, on matters arising out of the larger STX Pan Ocean Group’s global cross-border debt restructuring exercise.
  • Acting as local counsel to Glencore Singapore on the contentious restructuring of Jurong Aromatics Corporation.
  • Advising I.M. Skaugen SE on its application for moratorium orders under S211B Companies Act. This application was significant as it was the first to be brought by a foreign company. The ensuing reported judgment in Re IM Skaugen SE [2018] SGHC 259 currently stands as the leading decision in Singapore law on the extraterritorial effect of a worldwide moratorium and the statutory interpretation of S211B(4) Companies Act.
Appointments
  • Director, Insolvency Practitioners Association of Singapore
  • Member, Law Reform Committee, Singapore Academy of Law
  • Member, Insolvency Practice Committee of the Law Society of Singapore
  • Member, INSOL Jakarta Membership Committee
  • Member, International Insolvency Institute
  • Adjunct Faculty, School of Law, Singapore Management University
Recent Accolades
  • Band 1 Ranked Lawyer (Restructuring / Insolvency),
    Chambers Asia Pacific 2019
  • Leading Individual (Restructuring & Insolvency),
    The Legal 500 Asia Pacific 2019
  • Highly Regarded, Leading Lawyer (Restructuring and Insolvency),
    IFLR1000 2019
  • Leading Lawyer (Restructuring and Insolvency),
    Asialaw Profiles 2019
  • Dispute Resolution Star (Insolvency),
    Benchmark Litigation Asia-Pacific 2018
  • Lawyer of the Year (Insolvency and Reorganization Law),
    Best Lawyers 2020 – Singapore