BlackOak

Distress and special situations specialist BlackOak has “pragmatic and commercial solutions for clients [and is] responsive and cost efficient”, says a peer. “Responsive and practical on complex issues” Ashok Kumar, leading lawyer and practice head, and “amiable” Darius Tay with “wide knowledge” advised Bakrieland Development’s BLD Investments on restructuring its $249 million 8.265% guaranteed equity linked bonds. The proposed deal has the bondholders receiving shares in an Indonesian listed company, in addition to put options and warrants to provide additional protection. Samuel Ng is “attentive to details” comments a peer.