We are thrilled that BlackOak was announced the winner in the category ‘RESTRUCTURING DEAL OF THE YEAR’ at the IFLR Asia Pacific Awards 2025 ceremony in HK tonight. BlackOak was one of the firms involved in a Singapore pre-packed scheme of arrangement to restructure the US $300 million convertible bonds of Vietnamese property developer Nova Land Group.
The restructuring of No Va Land Investment Group Corporation (“NVL”) is a significant milestone for the Singapore International Commercial Court (SICC), being the first restructuring plan approved by the SICC. It is noteworthy that the case took only 15 days from commencement to approval, showcasing the speed and efficiency of pre-pack schemes of arrangement.
The team at BlackOak LLC was led by Darius Tay and assisted by Samuel Loh, Adriel Nee, Jonathan Oh and Alyssa Phua. Heartiest congratulations!
