Drew & Napier LLC is a prominent market player, acting in high-profile restructuring and insolvency matters throughout the region. The practice boasts a strong set of clients including major financial institutions, holding and investment groups, public boards, and sovereign wealth funds, with work including contentious and non-contentious mandates, alongside assisting clients in pursuit and recovery of assets and court protection cases. The ‘extremely impressive’ group is also noted for its experience working across from regulators. Sushil Nair jointly leads the team and has considerable expertise operating throughout Singapore, Indonesia, and China, while co-head Julian Kwek focuses on debt workouts and and corporate restructurings, including in defaults involving Singapore-listed PRC companies. Blossom Hing ’is tenacious in her pursuit of client goals and is highly creative and solutions-oriented in the restructuring arena’. Mohan Gopalan is another key contact in the group.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Full-service and great network in Southeast Asia.’
‘The Drew & Napier restructuring group is extremely impressive. They expertly and successfully guide Southeast Asian-based companies through extraordinarily complex and often intense restructurings.’
‘Sushil Nair and Julian Kwek are extremely hard-working, smart and creative. I have seen them achieve excellent results for their clients in every matter where I have had the privilege of working with them.’
‘Drew & Napier has a strong bench of restructuring and insolvency partners and the standout partner is Blossom Hing. Blossom has many years' experience in complex restructuring and insolvency matters.’
‘Blossom Hing, Chan Wei Meng and Mohan Gopalan - I always have been impressed with the first-rate quality of their work and their dedication to helping their clients work through and emerge from difficult times.’
‘Blossom Hing's standing and leadership in the restructuring and insolvency arena is a major draw and benefit for clients. Blossom is tenacious in her pursuit of client goals and is highly creative and solutions-oriented in the restructuring arena.’

Key clients

CapitaLand
CVC Partners
F J Benjamin Holdings Ltd
Nam Cheong Limited
Ezra Holdings Limited
EMAS Offshore Limited
PricewaterhouseCoopers LLP (Singapore)
PT Berlian Laju Tanker Tbk
PT Bumi Resources Tbk
United Overseas Bank Limited
Pacific Andes Resources Development Limited
Reignwood International (Group) Limited
Oceanus Group Limited
TT International Limited
FTI Consulting (Singapore) Pte Ltd
Public Utilities Board of Singapore
Brightoil Petroleum (S’pore) Pte. Ltd.
Brightoil Petroleum (Holdings) Limited
National Environment Agency of Singapore
Thakral Brothers (Private) Limited
Kyen Resources Pte Ltd
Taipei Fubon Commercial Bank Co., Ltd
PetroChina International (Singapore) Pte. Ltd.
Ernst & Young LLP
Rhodium Resources Pte Ltd
Heliconia Capital Management Pte Ltd (linked to Temasek Holdings)
KrisEnergy Limited
Libra Group Limited
Informal steering committee of lenders to Hin Leong Trading (Pte) Ltd, comprising amongst others, ABN AMRO Bank, N.V. Singapore Branch, Bank of China Limited, Singapore Branch, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Standard Chartered Bank (Singapore) Limited.
Antanium Resources Pte Ltd
Pacific Radiance Limited
Securities Investors Association (Singapore)
Cheong Jun Yoong (Arthur)

Work highlights

Advising Heliconia Capital Management Pte Ltd, an independently managed wholly-owned subsidiary of Temasek Holdings, on the US$3.5 billion debt restructuring of and investment into Pacific International Lines, Singapore’s largest container shipping line and 12th largest in the world.
Advising the informal steering committee of lenders, comprising ABN AMRO Bank N.V., Singapore Branch, Bank of China Limited, Singapore Branch, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Cooperatieve Rabobank, U.A., Singapore Branch, Societe Generale, Singapore Branch and Standard Chartered Bank (Singapore) Limited, to troubled oil trading company Hin Leong on the US$3.85 debt restructuring of Hin Leong.
Advising Brightoil Petroleum Pte. Ltd. in its US$916 million debt restructuring and obtain moratorium protection under Section 211B(1) of the Companies Act to allow BOPS to propose a scheme of arrangement to restructure its liabilities, as well as successfully obtained moratorium protection for BrightOil Petroleum (Holdings) Limited under Section 211C of the Companies Act to facilitate the debt restructuring of BOPS.

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