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Eugene Ooi is a Partner in Financial Services and is the Co-head of the Banking Practice Group. He initiated the formation of, and heads, the Islamic Finance Practice Group of the Firm - which is in the forefront in the field of Islamic Finance in Singapore.
Eugene advises banks and other financial institutions as well as corporates on general, private and commercial banking matters and trade finance and security structures. He also acts for arrangers, underwriters, committees, trustees, agents, lenders and borrowers on acquisition, asset and project financing and debt restructuring transactions and documents onshore and offshore, secured and unsecured bilateral and syndicated loans.
After graduating with a law degree from the London School of Economics in 1977 and qualifying as a barrister-at-law of the Middle Temple, Eugene gained experience in banking with the Singapore Branch of Bank of America NT&SA where, as a credit and marketing officer, he specialised in ship financing and lending to the petrochemical industry. He left the Bank to serve his pupillage in the admiralty practice of Cooma, Lau & Loh, becoming a partner that firm upon being called to the Singapore Bar in 1981. In 1984, he formed a partnership, Gan, Ooi & Associates which evolved into the firm Chu Chan Gan & Ooi where he practised until he joined Allen & Gledhill in 1989.
Eugene corroborated with Professor Low Kee Yang of the Singapore Management University in co-writing the chapter on “Unconscionable Calls on Performance Bonds” for the Singapore Academy of Law Conference 2006 and is co-author of “Drafting Considerations in Letters of Credit, Standby Credits and Performance Bonds,” published in the 2000 Annual Survey of Letter of Credit Law & Practice (Institute of International Banking Law & Practice Inc). He contributed the chapter on Banking and Finance for the Singapore Law website published by the Singapore Academy of Law and the Singapore law segment on “Security over Books Debts/Receivables” published in the May 2006 Newsletter of the Banking Law Committee of the International Bank Association. He has participated in and has chaired various seminars and forums on banking and trade-related topics. He has also led seminars on Islamic Finance in Singapore.
Eugene has been consistently ranked as a leading banking and finance lawyer by Chambers Global: The World’s Leading Lawyers since 2000. He is noted as a leading banking and finance lawyer in other reputable legal publications such as IFLR 1000: The Guide to the World’s Leading Financial Law Firms, Asialaw Leading Lawyers, PLC Which Lawyer? Yearbook, The Asia Pacific Legal 500, Who’s Who Legal and Euromoney Guide to the World’s Leading Banking Lawyers. The Asia Pacific Legal 500 (2008/2009) notes that “Eugene Ooi has a ‘practical and assured approach’”.
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