BlackOak

Incorporated in 2016, BlackOak is a top-ranked restructuring and insolvency specialist firm and is particularly active in the offshore shipping, maritime, and oil and gas industries. Ashok Kumar is a key contact.

Restructuring and insolvency

Work highlights

Advising IM Skaugen (IMS) in the implementation of restructuring for IMS and its subsidiaries through schemes of arrangement in Singapore. The moratorium order application that ensued was the first such application by a foreign country under the Singapore Companies Act.

Advising CW Group Holdings’ biggest creditor, Bank of China (Hong Kong), in relation to its complex and multijurisdictional debt restructuring in Singapore.

Key clients

BLD Investments, Fubon Bank, Glencore Singapore, Lehman Brothers Holding, PricewaterhouseCoopers, Takenaka Corporation, Value Partners

Client feedback

“Excellent work – technical with strong connectivity to the market and industry colour. Very commercial.” – Restructuring and insolvency

Ashok Kumar

“Excellent. Highly knowledgeable, responsive, and very well connected in the industry. All while remaining truly independent and unbiased in his advice.”