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Ashok Kumar

  Telephone
+65 6890 7873

Facsimile
+65 6302 3225

E-mail:
ashok.kumar@allenandgledhill.com

 

Ashok Kumar is a Partner in Litigation & Dispute Resolution and Joint Deputy Head of the Corporate Restructuring and Insolvency Practice Group. In the area of corporate insolvency and restructuring, Ashok acts for companies, creditors, financial institutions, banks and insolvency professionals, providing advice on solutions when companies are in a distress situation. He is a member of the Singapore Omnibus Insolvency Legislation Committee; Technical Research Committee of INSOL International; Insolvency Practice Committee of the Law Society of Singapore; Expert Witness Committee of the Singapore Institute of Architects; Legal Advisor to the Advertising Standards Authority of Singapore; Deputy Chairman of the Ethics Committee and Chairman of the Publications Committee of the Insolvency Professionals Association of Singapore.

Some significant high profile insolvency and restructuring matters he has been involved include having acted for:

 

Ernst & Young, the Judicial Managers for Citiraya Industries Ltd, which was embroiled in allegations of financial fraud and had debts to the tune of several hundred million dollars;

Fu Yu Corporation Ltd on its financial and operational restructuring;

the Singapore subsidiaries of Refco Inc on various issues resulting from Refco Inc being placed under Chapter 11 of the US Bankruptcy Code;

Reliance National Asia Re Pte Ltd, an insurance company in ‘run-off’. The matter involved effecting a solvent company Scheme of Arrangement to manage the ‘run-off’;

a substantial creditor in relation to the insolvency of China Aviation Oil (Singapore) Corporation Limited;

Raffles Marina Ltd on a restructuring exercise of Raffles Marina, which involved the creation of a novel structure for club membership; and

SPH Mediaworks Ltd, one of the only two companies in Singapore with a Free-to-Air TV broadcast licence, in its liquidation which amounts to S$220 million.

 

Ashok is noted for his expertise in insolvency and restructuring in various publications including Chambers Global (2007), Chambers Asia (2008), Who’s Who Legal Singapore (2008), IFLR 1000 (2008), PLC Which Lawyer? Yearbook 2008 and Best Lawyers International 2008. Chambers Asia (2008) notes that Ashok “‘knows his way around things in a local context, giving useful and practical advice.’ Commended for his strategic approach, he is also described as ‘quick at grasping the complexities, and capable of handling people in tense situations.’”

Ashok graduated from Queen Mary College, University of London with an LLB (Hons) degree. He is qualified as a Barrister-at-Law of England, having been called to the Bar at Middle Temple in 1990. He was called to the Singapore Bar in 1991.

 

 

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