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Prakash Raja Segaran

Partner

Singapore

Segaran Prakash
Prakash Raja Segaran

Partner

Singapore

Prakash advises lenders and borrowers on a wide variety of debt transactions with a particular focus on property development finance, acquisition finance, Islamic finance and vessel finance matters. He regularly acts as Singapore law counsel on cross-border transactions across the ASEAN region as well as in China and India. He is widely recognised in legal benchmarking publications as a strong practitioner in his field and has been ranked in Chambers since 2015.

News & insights

Singapore Legal Update - January 2020

Publications: 20 JANUARY 2020

MAS consultations on the regulation of digital payment tokens

The Monetary Authority of Singapore (MAS) has issued three new consultations each dealing with different aspects of the regulation of digital payment tokens (DPTs) under the Payment Services Act (PSA). It has also recently clarified that where a DPT may be characterized as either a debenture or as e-money, its policy approach will be to regulate it as e-money. Note that the PSA will come into force on 28 January 2020.

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Singapore company wound up in the U.S not allowed to block enforcement of charge over its shares

Publications: 20 JANUARY 2020

Singapore company wound up in the U.S not allowed to block enforcement of charge over its shares

In a recent case, the High Court had to consider whether to apply a moratorium to the enforcement of a share charge taken over the shares in a Singapore company where that company was subject to insolvency proceedings in the United States. It held that it had no basis to do so under section 259 of the Companies Act which renders void a transfer of shares in company made after the commencement of a winding up by the Singapore Court as that section did not apply to a foreign proceedings.

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Publications: 10 APRIL 2019

Singapore Legal Update - March 2019

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Publications: 10 APRIL 2019

Court Holds that Singapore-Incorporated Company Has Its Centre of Main Interest in the United States

In Re Zetta Jet Pte Ltd (2019), the Singapore High Court held that the Centre of Main Interest (COMI) of a Singapore-incorporated company was the US. It noted that a company’s jurisdiction of incorporation could be displaced as the presumed COMI jurisdiction on evidence to the contrary. Companies could change their COMI to take advantage of restructuring procedures in other jurisdictions so long as their reasons for doing so were legitimate. This update considers the implications for banks.

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Office

Singapore

Allen & Overy LLP
50 Collyer Quay, #09-01 OUE Bayfront
Singapore
049321

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Qualifications

Professional

Admitted as advocate and solicitor - Supreme Court, Republic of Singapore, 2006

Academic

LLB (2nd Upper-Class Honours), National University of Singapore, 2005