Virtus Law LLP > Singapore, Singapore > Firm Profile

Virtus Law LLP
1 RAFFLES PLACE, #18-61 TOWER 2
SINGAPORE 048616
Singapore

Singapore > Shipping: local firms Tier 2

Virtus Law LLP has a well-established shipping practice, covering shipping finance and shipping disputes. Working alongside international firm Stephenson Harwood LLP, it has domestic and cross-border credibility. As part of its wide-ranging practice, it has worked on a number of headline restructuring matters in the shipping market and continues to advise a number of banks, lessors, P&I clubs, shipowners, commodities traders, and offshore oil and gas businesses. Daryll Ng is a key practitioner in maritime and trade disputes and represents a number of major P&I clubs. Colin Jarraw is at the forefront of ship finance and Jason Yang is an emerging talent in ship finance and sale and leaseback transactions.

Practice head(s):

Daryll Ng; Colin Jarraw

Other key lawyers:

Testimonials

‘They are familiar with and have extensive experience in the international transactions in which multiple jurisdictions are involved.’

‘Colin Jarraw – among a number of partners in Singapore practising ship finance, he provides us with advice that considers complicated jurisdictional issues at a high level.’

‘Established, experienced, reliable, commercial solutions, competitive billing.’

‘Daryll Ng is a steady pair of hands, qualified in England as well as Singapore. Flexible and helpful.’

‘Virtus is linked to the international law firm of Stephenson Harwood, which has a pre-eminent position in the maritime space both on commercial and litigation matters. The people are exceptional and the industry knowledge and thought leadership are impressive.’

‘Daryll Ng from a litigation perspective leads a tremendous team of professionals at all levels in the shipping litigation sphere. Jason Yang and Colin Jarraw understand shipping transactions from a commercial perspective and also how to layer in and address cross-border issues.’

Key clients

ABN AMRO Bank

National Bank of Greece

Nordea Bank

China Navigation Company Pte. Ltd. and Swire Bulk Holdings Pte. Ltd.

Vitol

Work highlights

  • Acted for two major secured lenders on the collapse of Hin Leong Trading, its related vessel ownership group Xihe Holdings and its bareboat charterer Ocean Tankers.
  • Advised Nordea Bank on a $34.27m secured loan facility to part-finance three vessels acquired by BW Epic Kosan.
  • Advised National Bank of Greece on a $125m secured loan facility deal with Star Bulk Carriers Corp.

Singapore > Banking and finance: local firms Tier 3

Able to resource matters relying on expertise from its formal alliance with Stephenson Harwood should the need arise, Virtus Law LLP provides Singapore law advice on both domestic and cross-border banking and finance mandates, encompassing acquisition, project, and asset finance. The latter is a true specialism for the team, which is skilled at acting for financial institutions, corporations, funds, and sponsors in a variety of shipping, offshore, and aviation financing transactions, as well as restructuring and insolvency matters. Colin Jarraw, whose traditional focus on maritime finance has recently expanded into other fields of banking law, manages the group, which also features Jason Yang, noted for his knowledge of sale and leaseback transactions and insolvencies.

Practice head(s):

Other key lawyers:

Key clients

Standard Chartered Bank

ING Bank N.V., Singapore Branch

ABN AMRO Bank

Skandinaviska Enskilda Banken AB

Nordea Bank

National Bank of Greece

Vitol

National Bank of Fujairah

Dental Innovation Investment A BV

Work highlights

  • Advised ABN AMRO Bank, in its role as agent, on an approximately US$200m senior secured multi-currency revolving and term loan to the Peacock Container Group.
  • Assisted National Bank of Greece in a US$125mn secured loan facility deal with Star Bulk Carriers Corp.
  • Advised Nordea Bank on a secured loan facility to part finance three vessels acquired by BW Epic Kosan.

Singapore > Dispute resolution: local firms Tier 3

Virtus Law LLP retains expertise in resolving disputes relating to maritime and international trade, restructuring and insolvency, commercial litigation, employment and international arbitration. Recently, the practice has seen an uptake in fraud, regulatory and investigation instructions from private clients, dedicated family office and private investment funds. Practice head Daryll Ng specialises in fintech, shareholder and marine dispute resolution. Co-head Terence Seah is noted for dealing with white-collar crime matters. Commercial litigator Lauren Tang completes the leadership trio, focusing on restructuring and insolvency issues.

Practice head(s):

Daryll Ng; Terence Seah; Lauren Tang

Testimonials

‘Daryll Ng is very approachable, responsive and helpful.’

‘Led by Daryll Ng, this exceptional group of practitioners takes people through the dispute resolution process with care, precision and with a manner which makes you feel they care about the outcome and not necessarily engaging in action which will prolong or exacerbate the dispute.’

‘Daryll Ng is empathetic and a great strategic mind.’

Key clients

Prudential Assurance

BNP Paribas

9050558 Canada Ltd and Bridging Finance Inc.

Bestjet Travel Pty Ltd

Volatility Token Master Fund

Various clients in the cryptocurrency sector

Great Eastern Assurance No

Equiom Fiduciary Services Pte Ltd

Work highlights

  • Acted  for Volatility Token Master Fund in relation to a Simple Agreement for Future Token dispute with EFC Foundation Ltd.
  • Advised BNP Paribas, the financiers in claims against a defaulting borrower and enforcement against security.
  • Advised and acted for two major secured lenders on the collapse of a well-known Singapore oil trader (Hin Leong Trading), its related vessel ownership group (Xihe Holdings) and its related bareboat charterer (Ocean Tankers), with an exposure of well over US$500 million.

Singapore > Labour and employment: local firms Tier 3

Acting for a range of local and international clients, Virtus Law LLP handles an impressive mix of labour and employment engagements, from transactional, immigration and regulatory issues, to non-competition obligation disputes and investigations. Terence Seah is a disputes specialist who is known for his record in restraint of trade cases and termination compensation matters. Jason Yang provides further expertise in both advisory and transactional mandates.

Practice head(s):

Terence Seah

Other key lawyers:

Testimonials

‘The team was extremely professional, responsive and transparent with communications. The case was relatively straightforward, but advice was nuanced and effective.’

‘Terence Seah – lead partner on the case, he was very experienced and explained the legalities in the landscape well. He provided options that were nuanced but effective.’

‘Their advice was always well detailed and summarized. Catching up speed is quite good, and they called us for clarification and facilitation in a timely manner. It helped our business as a start-up.’

‘All individuals are motivated as professionals. They always gave us available options and potential risks without waiting for our decisions or instructions. I like their way.’

 

Work highlights

  • Advised a fund management company on employment, immigration and regulatory issues.
  • Advised a client on investigations conducted by the Ministry of Manpower of Singapore in respect of appropriate work passes.
  • Advised Swire Group on its spin-off, which include the transfer of affected employees and their employment contracts, as well as business and asset transfer between the relevant entities across a number of international jurisdictions.

Singapore > Restructuring and insolvency: local firms Tier 3

Virtus Law LLP has a fine record in transport and offshore sector restructurings and insolvencies. The firm is closely associated with the shipping industry, which has resulted in a stream of mandates relating to workouts, restructurings, and enforcement of ship finance transactions. Its Formal Law Alliance with Stephenson Harwood LLP brings it further credibility in cross-border matters. Lauren Tang is a recognised specialist in maritime restructurings in the region. Jason Yang is also rated.

Practice head(s):

Daryll Ng; Lauren Tang; Jason Tang

Testimonials

‘Good technical expertise. Bench is strong and handled the day to day work very well.’

‘Excellent project management. good attention to details.’

Key clients

iflix Pte. Ltd., iflix Holdings Pte Ltd, iflix International Pte Ltd

China Navigation Company Pte. Ltd. and Swire Bulk Holdings Pte. Ltd.

ICBC Aviation Leasing

Volatility Token Master Fund

Syndicate comprising three banks

BNP Paribas

Berge Bulk Shipping and other major creditors

Work highlights

  • Acted for two major secured lenders on the collapse Hin Leong Trading, Xihe Holdings and Ocean Tankers, with an exposure of well over $500m.
  • Advised the iflix group on its group restructuring and securing one of the first pre-pack schemes under Singapore’s Insolvency, Restructuring and Dissolution Act.
  • Advised a syndicate comprising three banks on a restructuring, and eventual full prepayment, of a loan facility involving four Sinosure-backed bareboat charters with Pacific International Lines.

Singapore > Capital markets: equity and debt: local firms Tier 4

Noted for its ‘very pragmatic and solution-orientated approach‘, Virtus Law LLP attracts instructions from across the APAC region. Focusing on mid-sized capital market transactions, the team has the ability to advise on Singapore Exchange and London Stock Exchange listings, and continues to be active in rights issues and reverse takeovers. Consumer, healthcare and financial services-related transactions are recent areas of growth for the department, which has reported an uptick in interest from Chinese companies seeking to list on the SGX. Investment funds, private and listed companies seek Parikhit Sarma‘s assistance in fundraising exercises and delisting matters in Singapore. Equity capital markets transactions are among Douglas Koh and Vivi Tan‘s areas of expertise. Elaine Beh left the firm in August 2022.

Other key lawyers:

Testimonials

‘Relating to corporate activities, Parikhit Sarma provides a broad spectrum of advice. He has the ability to turn-around quickly. Parikhit catches up regularly to find out if clients have issues that may crop up, saving the clients’ effort to call.’

‘The Virtus Law ECM team is sized “just right”. Small enough to still get that “personal touch” from their partners, yet big enough to have sufficient “boots on the ground” to get the really big projects done. The team is a blend of youthful energy, tempered with the wisdom and added value of their more senior practitioners. A great value proposition for clients looking for the biggest bang for their buck.’

‘It is just a great experience working with lawyers who are on the same wavelength and who instinctively know what you are alluding to, and the probable solution required, even before you are done presenting the facts to them.’

‘What comes to mind when I reflect on my engagement with Virtus is the practical, hands-on approach which is designed to keep processes moving and parties moving efficiently to close. It comes down to people and culture. Their humility shines which sometimes makes me think that they deserve a higher profile.’

Key clients

Aztech Global Limited

VCPlus Limited

Anchor Resources Limited

Aoxin Q & M Dental Group Limited

LifeBrandz Ltd.

Top Global Limited

Q & M Dental Group (Singapore) Limited

PropNex Limited

ICA Partners

Cheung Woh Technologies Ltd

Metal Component Engineering Limited

Work highlights

  • Advising SGX-Catalist listed VCPlus Limited on its custody white label license and services agreement with HydraX to license the Hydra X’s digital asset custody technology solution for digital asset tokens and associated services.
  • Advising Q&M Dental and its subsidiaries, Acumen Diagnostics on a proposed listing of its securities on the NASDAQ stock exchange in New York, USA.
  • Assisting Top Global Limited in respect of the voluntary conditional cash offer made by CIMB Bank Berhad, Singapore Branch for and on behalf of SW Investment Holding Pte. Ltd.

Singapore > Corporate and M&A: local firms Tier 5

Virtus Law LLP advises on M&A, joint venture and corporate restructuring mandates, with demonstrable experience across the maritime, healthcare and telecommunications sectors. The firm operates in formal alliance with Stephenson Harwood, allowing it to serve as a one-stop shop for matters of both local and international magnitude. Key contacts in the group include Parikhit Sarma, Sheetal Sandhu and Jason Yang, while Elaine Beh left the firm in August 2022.

Testimonials

‘Virtus Law has been my first port of call for Singapore related M&As and other types of cross border corporate transactional work for many years. I like the hands-on experience I get from their corporate partners. Virtus Law has been very good at taking care of my Malaysian listed clients as they plan their regional expansion – my clients get very good top tier law firm quality work at very reasonable fees.’

‘Practical, timely, efficient and comprehensive input into all our deals. Strong industry knowledge in the marketing, communications, digital and related technology sectors.’

‘Sheetal Sandhu consistently features in many of the deals both acting for us or similar transactions run by other competitor firms for the reasons above (availability, industry knowledge, practicality and humility in engagement with all parties’

Key clients

BW Group

China Navigation Company Pte. Ltd. and Swire Bulk Holdings Pte. Ltd.

Carro

VCPlus Limited

ICA Partners

M.Y.R.A. Entertainment Asia

Total Eren

LOGOS

Ocean Technologies Group

Dental Innovation Investment A BV

TSA Group

PropNex Limited

Dr Ong Siew Hwa

Metal Component Engineering Limited

Dr Ng Chin Siau

Sen Yue Holdings Limited

Work highlights

  • Advising Carro on its series C1 fundraising led by state-backed institutional investors.
  • Advising SGX-Catalist listed VCPlus Limited in its custody white label license and services agreement with HydraX to license the Hydra X’s digital asset custody technology solution for digital asset tokens and associated services.
  • Advising M.Y.R.A. Entertainment Asia, a film production and financing company, on its incorporation and launch in Singapore.

Virtus Law is a leading Singapore law firm offering commercial, corporate, dispute resolution and financial services across a wide range of sectors. Our lawyers are well known in the industry, and as a successor firm to “Arthur Loke LLP” established in Singapore in 1981, we add value to the services we provide to our clients through years of experience built up in Singapore and Southeast Asia.

Virtus Law has an enviable track record of advising market leading deals in ship finance, corporate and litigation services.

Virtus Law is a member of the Stephenson Harwood (Singapore) Alliance, a formal law alliance with Stephenson Harwood LLP. The alliance enables Virtus to offer clients an integrated service in multi-jurisdictional matters.

Stephenson Harwood is a law firm with over 1,100 people worldwide, including more than 180 partners. The firm act for a wide range of listed and private companies, institutions and individuals. Stephenson Harwood has offices and associated offices across Asia, Europe and the Middle East.

DepartmentNameEmailTelephone
Business Development Marilyn Quekcontact@shlegalworld.com
Dispute resolution Lauren Tanglauren.tang@shlegalworld.com
Dispute resolution Daryll Ngdaryll.ng@shlegalworld.com
PhotoNamePositionProfile
Colin Jarraw photo Colin JarrawColin is an experienced shipping finance lawyer. He heads the Singapore law…
Daryll Ng photo Daryll NgDaryll is a partner at Virtus Law and also heads the Stephenson…
Christine Ong photo Christine OngChristine is a senior associate at Virtus Law. She specialises in litigation…
Sheetal Sandhu photo Sheetal SandhuSheetal is a corporate and commercial partner at Virtus Law. Her practice…
Parikhit Sarma photo Parikhit SarmaParikhit advises clients on complex cross-border mergers and acquisitions, capital markets-related matters,…
Terence Seah photo Terence SeahTerence is a partner at Virtus Law. One of our experienced litigators,…
Lauren Tang photo Lauren TangLauren is a partner at Virtus Law and is an experienced commercial…
Jason Yang photo Jason YangJason’s main practice areas are vessel finance and leasing, restructuring and insolvency…