*Clyde & Co Clasis is a joint law venture in Singapore between Clyde & Co and Clasis LLC.
Junxiang is a specialist in restructuring and insolvency, with an in-depth knowledge of Singapore insolvency laws and procedures. He has acted for liquidators, scheme managers, judicial managers and receivers in all aspects of corporate restructuring & insolvency, both contentious and non-contentious. This includes representation in the context of numerous high-profile insolvencies, particularly in the energy, resources and shipping sectors. He also has extensive experience acting for distressed companies in restructuring their debts and corporate turnarounds.
Apart from restructuring and insolvency, Junxiang also regularly advises and represents corporations, directors and individuals in numerous high value, complex disputes, and appeared before all levels of the Singapore Courts. His matters frequently involve issues relating to alleged breaches of director's duties, employment contracts, and professional liability. He also advised and represented forensic accountants, the Singapore Stock Exchange and the Singapore government in complex investigations into suspected cases of commercial fraud, accounting irregularities and breaches of listing regulations.
Junxiang tutors aspiring lawyers in Civil Procedure and Insolvency as part of the preparatory course leading to Part B of the Singapore Bar Examinations.
Restructuring & Insolvency
- Acted for a Hong Kong based investment bank in appointing receivers and managers over a Singapore-based property developer which had issued some US$32 million worth of notes and had defaulted on payment. Subsequently acted for the bank in its application to wind up the company and in connection therewith, subject the sole director to committal proceedings
- Acted for Cayman Islands based liquidators in avoidance claims of more than S$10 million against its former managers
- Acted for a Singapore-based property developer with debts of over S$20 million in applying for a Scheme of Arrangement
- Acted for a major Indian bank in a series of applications to the High Court of Singapore (and subsequent appeal to the Court of Appeal) to enforce its security over a pledge of shares in a Singapore subsidiary of an MNC
- Advised and acted for a multi-national energy derivatives trading company in respect of issues arising from a Scheme of Arrangement proposed by a well-known shipping firm
Commercial Litigation and International Arbitration
- Acted for and advised a large coal mining company in Indonesia, in a US$22 million dispute with a major engineering and construction company, arising from a failed joint venture project in East Kalimantan
- Acted for and advised the main contractor, a Singapore incorporated subsidiary of a large Indian construction company, in a dispute with a Chinese government-related owner arising out of the EPC Contract for the Myanmar-China Crude Oil Pipeline Project
- Acted for a multi-national software solutions company in a US$2 million dispute with a Philippines bank in an arbitration governed by the SIAC Rules
- Acted for India's largest state-owned bank in a dispute with an Indonesian shareholder of their Indonesian subsidiary in an arbitration governed by SIAC Rules
- Acting for a Swiss multinational in an ICC arbitration involving a long- running complex financial fraud in Indonesia. The amount defrauded is estimated to be in the region of US$30 million
- Acted for a major Indian bank in setting aside an injunction obtained by a Singapore-based company in a dispute with several other international parties over letters of credit and non-delivery of over US$4 million worth of goods
- Acting for a global commodities merchant in a US$300 million fraud perpetrated through the forgery of warehouse receipts. The case involves concurrent proceedings in Singapore, San Francisco, London, Hong Kong, Macau, and the Cayman Islands
Fraud & Investigations
- Advised and represented a Big 4 accounting firm in investigating the affairs of a major Singapore charity, initiated by the Singapore Charities Commission and drafting the Special Audit Report. Based on our findings, high profile criminal proceedings were brought against the major figures of the charity, who were all convicted for criminal breach of trust
- Acted for the former independent director and audit committee chairman of an S-Chip company (Chinese company listed in Singapore) in investigations initiated by the Singapore Stock Exchange into alleged conflicts of interest. Also acted for the individual in disciplinary proceedings brought by the Institute of Chartered Public Accountants of Singapore