Acted for a private equity fund with over $20 billion in capital under management in various enforcement proceedings for the recovery of over $220 million arising from distressed situations in China.
Acted for B2C2 Ltd, one of the world’s largest market makers in digital currencies, in proceedings before the Singapore International Commercial Court in a dispute involving allegations of manipulation via algorithmic trading and misappropriation of bitcoins.
Acted for syndicated lenders in a claim against an Indonesian tycoon and his companies for the recovery of facilities granted of over $140 million to an Indonesian conglomerate and enforcement of security onshore in Indonesia, which involved proceedings in Singapore and Indonesia.
Acted for WorldQuant (Singapore), one of the largest quantitative trading firms globally, in prosecuting a claim for alleged misappropriation of proprietary quantitative trading systems and algorithms.
Acted for various special situations funds in enforcement actions against an Indonesian tycoon and his companies arising from default in a $200 million facility, which involved multiple proceedings in Singapore and Indonesia.
Acted for some of the largest brokerages in the region including Maybank Kim Eng, UOB Kay Hian, KGI Securities and Phillip Securities in –claims before the Singapore Courts arising from trading in equities, commodities, and foreign currencies, and in market manipulation and market rigging cases.
Acting for Bank Jtrust (formerly Bank Century Indonesia) and Jtrust Co Ltd in defending claims brought by a distressed debt investor arising from English-law governed bonds issued prior to the collapse of Bank Century Indonesia. The matter involved parallel proceedings in New York, Mauritius, and Japan.
Acted for GSF Capital in defending a EUR500 million claim by Suntech Power Holdings in relation to an alleged fraudulent bond issuance, involving proceedings in Singapore, England, Italy, and China.
Acted for the liquidators of MF Global Singapore, the most high-profile insolvency in the financial industry in Singapore since Lehman Brothers involving thousands of MF Global customers and efforts in recovering customers’ proprietary funds of over $400 million in Singapore and other jurisdictions, including in landmark proceedings before the Singapore Courts for the sanction of interim distribution of over $350 million of customers’ funds, and for the determination of complex issues relating to the treatment of customers’ claims for profits arising from leveraged foreign exchange and bullion transactions under Singapore’s regulatory framework.
Acted for Lehman Brothers Singapore Pte Ltd in the defence of an action by individual investors alleging misrepresentations in the prospectus for the $10 billion notes programme issued by Minibond Limited.
Acted for a high-net-worth individual in a $200 million claim against a global private bank for losses arising from complex derivative transactions.
Acted for global financial institutions in investigating into alleged schemes to manipulate SIBOR interest rates and non-deliverable forward (NDF) rates, as part of a global investigations into such schemes across the major international financial markets, as well as investigations related to contingent convertible bonds (CoCos), and represented them in related claims.
*The representative cases above include matters which our lawyers worked on in other firms prior to Setia Law LLC.