Oon & Bazul LLP

Private Wealth & Family Office, Corporate, Litigation & Dispute Resolution

Partner, Head of Private Wealth & Family Office

Ray Shankar is Head of Oon & Bazul's Private Wealth and Family Office Practice.

Ray specializes in advising ultra-high net worth individuals and families on the establishment of family offices, which includes advising on legacy and estate planning, wills, trusts, family charters / constitutions, and tax efficient structures for the holding of personal or family assets and succession planning.

Ray has advised ultra-high net worth individuals and their family offices on a myriad of matters arising from their day-to-day operations and investments. He has also advised royal families in the region on a broad range of matters including structuring their commercial interests, legacy planning and crisis management. He has substantial experience navigating regulatory environments, negotiating concessions and licences and dealings with policy decision makers in the region.

His practice spans the width of Asia, advising clients from Central Asia to Southeast Asia. He possesses an in-depth understanding of the commercial, political and cultural landscapes in these regions, which allow him to provide practical and effective solutions to complex legal problems.

Ray also has a broad-based practice in dispute resolution spanning disputes in subject matters ranging from corporate shareholders’ disputes, insurance, banking, breaches of fiduciary duties of agents and directors and building and construction disputes arising from contracts under SIAC or FIDIC forms or adjudications pursuant to the Building and Construction Industry Security of Payment Act. He has advised clients from various industries including fund management, insurance, gaming companies (online and landed), building and construction and logistics / oil & gas in both contentious and non-contentious matters.

Notable Cases:

Acted for state-owned company in a dispute with a global private equity fund in a SIAC arbitration claim for alleged breaches of vendor’s warranties in a share sale and purchase agreement. Acted for caregivers and close relatives of a deceased ultra-high net worth individual in action to invalidate the last known Will and Testament of the said individual by reason of lack of testamentary capacity at the time of execution of her Will. Acting for consultant to private equity fund in arbitration proceedings in the SIAC for recovery of unlawfully expropriated shares in investee company arising from dispute in subscription and shareholders agreement and ancillary investment agreements. Acted for a real estate development consultant in a claim brought by a Malaysian property developer for several hundred million ringgit arising from alleged defective design and negligent management of the construction process. The matter involved an application for an anti-suit injunction in Singapore preventing the Malaysian developer from bringing a suit against the client in Malaysia. Acted for a high net worth individual from China in a claim against his private bank in Singapore for damages arising from breaches of contract and unauthorized transactions. Acted for a Korean specialist geotechnical contractor in an arbitration under the SIAC Rules against a foreign main contractor in connection with claims for delay in completion of substructure works. Advised a client who was a main sponsor of an English Premier League club in a dispute with the club over various alleged breaches of the sponsorship terms and termination of the sponsorship agreement.

English

Graduated from the National University of Singapore with an LL.B. degree.