Patrick Ang (March 2017).jpg

Patrick Ang

Deputy Managing Partner

Practice Area:

Restructuring & Insolvency
Commercial Litigation

LLB, National University of Singapore
Advocate & Solicitor, Supreme Court of Singapore

T +65 6232 0400
E [email protected]

Patrick Ang is the Deputy Managing Partner of Rajah & Tann Singapore. He is also the Chief Executive Officer of Rajah & Tann Asia. 

Patrick is globally regarded as a pre-eminent lawyer, having been consistently named in prominent legal directories like Chambers Global / Asia Pacific, IFLR1000 and The Legal 500 Asia Pacific. His market-leading reputation is endorsed by Chambers Asia Pacific, where he is ranked as a ‘Band 1’ lawyer since 2008, and is commended as a “widely respected practitioner” and “one of the leaders in the area.” Who’s Who Legal also recognises him as a Thought Leader for his “truly outstanding” expertise, an accolade conferred on the top 2 per cent of all practitioners listed globally across their guides.

In March 2018, he was inducted into the prestigious American College of Bankruptcy as a Fellow, making him the only Singaporean (and the fourth Asian lawyer) in this honorary public service association of bankruptcy and insolvency professionals.

Experience

He has almost three decades of experience handling both contentious and non-contentious matters. One of his key areas of expertise is in corporate restructuring and insolvency, acting for financial institutions and companies in many major and publicised cases.

Transactions of significance include acting for:

  • Judicial managers of Swiber Holdings Limited
  • Bondholders of Rickmers Maritime Trust
  • Judicial managers of Swissco Holdings Ltd
  • Shareholders of Asia Pulp and Paper in relation to their debt restructuring
  • SingTel in the restructuring of C2C Ltd (a large underwater telecoms cable company majority owned by SingTel)
  • The receivers in the collapse of Lewis and Peat - one of the world’s largest rubber trading houses
  • Judicial managers in the collapse of Sogo Department Store group of companies
  • Judicial managers of Vikay Industrial Ltd (Singapore Listed Co.)
  • Judicial managers of Alliance Technology & Development Ltd (Singapore Listed Co.)
  • Judicial manager of Admiralty Leisure – owners of Tang Dynasty Theme Park
  • Lernout & Hauspie Group – then the world’s largest speech software company
  • Beng & Ooi Medical Group – a large Singapore medical group in its restructuring
  • BBR Holdings Ltd (Singapore Listed Co.) in scheme of arrangement
  • Financial advisers of Measurex Group in restructuring
  • Receivers & managers of Pine Tree Town Club
  • Receivers & managers of Crown Prince Hotel
  • Judicial managers in restructuring of Chew Eu Hock Holdings Ltd
  • Judicial managers of Showpla Asia Ltd (Singapore Listed Co.)
  • Judicial managers of Fort Canning Country Club
  • Creditors of PT Ometraco - listed Indonesian company
  • Commerzbank in a landmark decision in the High Court and Court of Appeal relating to the Malaysian Foreign Exchange Control Regulations
  • Judicial managers of a Singapore listed company (Chew Eu Hock Construction Holdings Ltd) in a successful challenge before the High Court against a claim for priority by the Central
  • Provident Fund, which was a landmark decision in Singapore
  • Lehman Brothers Singapore and the Liquidators when the various Lehman entities in Singapore were placed under liquidation
  • Lehman Brothers Finance Asia in an application to the High Court on a novel point of law relating to conversion of foreign exchange
  • China Aviation Oil Corporation to represent the company in its highly publicised and successful debt and equity restructuring involving debts of more than US$600 million in 2005 and 2006. This case was significant for being the first successful restructuring of a public company owned by a Chinese State Owned Enterprise. The deal won Asian Legal Business Singapore Deal of the Year Award in 2005 and 2006
  • Nortel Networks Singapore in restructuring of Nortel Networks Asia Pacific Group & sale of assets
  • Ferrochina Holdings Ltd (Singapore Listed Co.) in its restructuring
  • Westech Electronics Ltd (Singapore Listed Co.) in its Scheme of Arrangement
  • Bondholders of Asia Water Technologies Ltd (Singapore Listed Co.) in their restructuring & enforcement of creditor rights
  • Judicial managers of ZhongHui Holdings Ltd (Singapore Listed Co.)
  • Bank creditors in scheme of arrangement for Advanced SCT Holdings Ltd (Singapore Listed Co.)
  • Bank creditors of AEM Holdings Ltd (Singapore Listed Co.) in its restructuring
Reported Cases
  • Tradewaves and Others v Standard Chartered Bank [2017] SGHC 93
  • SGB Starkstrom Pte Ltd v Commissioner for Labour [2016] 3 SLR 598
  • Koh Keng Chew and others v Liew Kit Fah and others [2016] 4 SLR 1208
  • In the Matter of Section 210 of the Companies Act and Sembawang Engineers and Constructors Pte Ltd and Punj Lloyd Pte Ltd [2016] 3 SLR 1057
  • Ching Mun Fong v Standard Chartered Bank [2012] 2 SLR 223
  • Ching Mun Fong v Standard Chartered Bank [2012] SGCA 38
  • In the matter of Lehman Brothers Finance Asia Pte Ltd (In Creditors Voluntary Liquidation) [2012] SGHC 190
  • Standard Chartered Bank v Loh Chong Yong Thomas [2010] 2 SLR 569
  • Yeo Boong Hua and Another v Turf City Pte Ltd and Others [2004] SGHC 38
  • Chew Eu Hock Construction Co Pte Ltd (under judicial management) v Central Provident Fund Board [2003] 4 SLR 137
  • Shenyin Wanguo–APS Management Pte Ltd (formerly known as Shanghai International-APS Management Private Limited) and Another v Commerzbank (South-East Asia) Ltd [2001] SLR 275
  • Hengwell Development Pte Ltd v Thing Chiang Ching and Others [2002] 4 SLR 902
  • Philip Motha Consultancy Pte Ltd v Jones Lang Lasalle Property Consultants Pte Ltd [2002] SGHC 283
Unreported Cases
  • Acted for Pacific Century Regional Developments Ltd against Montien Ltd in Court of Appeal in claim for breach of contract
  • Acted for Commerzbank Singapore against APS - Shenyin Wanguo in Court of Appeal with respect to defending claim relating to Malaysia’s Foreign Exchange Control Regulations
  • Acted for Singapore Telecommunications against Sin Lian Heng in the Court of Appeal in claim for damages for breach of cable recovery contract
  • Acted for China Aviation Oil Corporation to successfully resist a judicial management petition filed by SK Energy
Memberships / Directorships
  • Fellow, American College of Bankruptcy (March 2018 – Present)
  • Director, Insolvency Practitioners Association of Singapore (July 2017 – Present, 2005 – June 2011)
  • Member, Professional Conduct Council (Working Group), Ministry of Law (2016 - Present)
  • Co-Chair, G36 INSOL International (2015 - Present)
  • Co-Chair, Singapore Chapter, New York State Bar Association (International Section) (2015 - 2016)
  • Appointed Fellow, Singapore Institute of Directors (2014 - Present)
  • Member, Ethics Committee, Institute of Singapore Chartered Accountants (June 2014 - Present)
  • Subject Co-ordinator for Insolvency Law (Part B – Preparatory Course), Singapore Institute of Legal Education (2013 - Present)
  • Member, Disciplinary Committee, CPA Australia (Singapore) (2013 – 2016, 2008 – 2010)
  • Independent Director, SMRT Corporation Ltd (1 April 2013 - 17 July 2017)
  • Independent Director, Singapore Deposit Insurance Corporation Ltd (a statutory company accountable to the Monetary Authority of Singapore) (31 July 2012 - Present)
  • Principal Examiner for Corporate Practice (Insolvency) – Foreign Practitioner Examinations, Singapore Institute of Legal Education (2012 - Present)
  • Member, Professional Affairs Committee of the Singapore Academy of Law (2011 - Present)
  • Vice-Chairman, Professional Development & Practice Chapter of the Professional Affairs Committee, Singapore Academy of Law (2011 - 2016)
  • Independent Director, Malacca Trust Holdings (a Singapore publicly listed company in the finance and insurance business in Indonesia) (2011 - June 2014)
  • Member, Insolvency Law Review Committee, Ministry of Law (2011 - 2013)
  • Independent Director, Tiong Seng Holdings Limited (a Singapore publicly listed company – in the business of construction and property development) (2010 - Present)
  • Statutory Member, Law Society of Singapore (2010 - 2013)
  • Member, Annual Lecture Organising Committee, Singapore Academy of Law (2009 - Present)
  • Executive Committee Member, Employer Alliance, TAFEP (2009 - 2015)
  • Director, The Esplanade Co Ltd (2009 – November 2014)
  • Member, Ethics Committee of Institute of Certified Public Accountants of Singapore (2008 - 2012)
  • Member, Inquiry Panel, Law Society of Singapore (2006 - Present)
  • Chairman, Insolvency Practice Committee, Law Society of Singapore (2005 - 2007)
  • Deputy Chairman, Insolvency Practitioners Association of Singapore (2005 - 2007)
  • Member, Practice Management Committee, Law Society of Singapore (1999 - Present)
  • Elected Member, Council of Law Society of Singapore (1999 - 2002)
  • Vice Chairman, International Relations Committee of Law Society of Singapore (1999 – 2002)
  • Member, International Insolvency Institute
  • Member, INSOL International
  • Member, Singapore Academy of Law
Publications
  • Co-author, Singapore chapter on “International Insolvency – Group Insolvency and Directors’ Duties”, published by Thomson Reuters (May 2015)
  • Author, Singapore chapter on “Qualifications of an Insolvency Practitioner”, Membership Directory, INSOL International (“INSOL”) (2015, 2014, 2012)
  • Author, Singapore chapter on “Avoidance of Antecedent Transactions and Cross Border Insolvency”, published by INSOL UK (September 2014)
  • Author, article on “UNCITRAL Mode Law on Cross Border Insolvency – An Asian Perspective”, Global Reference Guide 2012: Bankruptcy & Restructuring, published by Financier Worldwide (2012)
  • Author, Singapore chapter on “International Insolvency”, published by Thomson Reuters (December 2012)
  • Author, article on “Cross Border Insolvency Issues in Asia”, Singapore Law Gazette, published by Law Society of Singapore (July 2012)
  • Co-author, Singapore chapter on “Multi-National Enterprise Liability in Insolvency Proceedings”, edited by William Boone, published by The European Lawyer Ltd, UK (November 2010)
  • Contributing editor, Singapore Civil Procedure 2007, Editor-in-chief GP Selvam, published by Sweet & Maxwell Asia (2007)
  • Contributing editor, Singapore Civil Procedure 2003, Editor-in-chief GP Selvam, published by Sweet & Maxwell Asia (2003)
  • Co-author, Singapore chapter on “Insolvency & Restructuring 2002”, published by Law Business Research Ltd (2002)
  • Author, article on “Corporate Work-outs – A Commercial Perspective”, Singapore Law Gazette, published by Law Society of Singapore (March 2002)