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Sushil Nair

Deputy Chief Executive Officer
Drew & Napier LLC

Sushil is the Deputy Chief Executive Officer of Drew & Napier. He is also the co-head of Drew & Napier’s Corporate Restructuring & Workout practice group. Sushil has been in practice for some 25 years, with 15 of them focused on restructuring. In 2011, he was named Singapore’s Restructuring Lawyer of the Year. Sushil’s practice is focused on the Asia Pacific region, with much of it revolving around Indonesia and China, where he has been involved in some of the largest restructuring exercises in Asia.

Sushil chairs the Insolvency Sub Committee of the Law Society of Singapore and is a member of the Insolvency Law Review Committee set up by Singapore’s Minister for Law, which recommended substantial changes to Singapore's insolvency laws. He is also a member of the Committee to Strengthen Singapore as an International Centre for Debt Restructuring, also set up by the Ministry of Law. Sushil sits on the INSOL World Editorial Board.

Experience

Sushil has handled a number of significant cross border restructuring exercises. Here are just a few:

  1. Asia Pulp & Paper Co Ltd - Sushil was the firm’s lead partner in the US$ 16 billion restructuring exercise of this multi jurisdictional conglomerate, one of the largest exercises of its kind in the world. The exercise involved some 150 subsidiaries worldwide, including in Indonesia, China, Europe and the USA.
     
  1. PT Berlian Laju Tanker Tbk - Sushil is the firm’s lead partner acting in the US$2.6 billion restructuring exercise of this leading worldwide seaborne liquid cargo transportation specialist, which is the only company listed on both the Singapore and Jakarta Stock Exchanges. It is the largest restructuring exercise in Indonesia for some years. The exercise has involved Court applications in Indonesia, Singapore and the USA. In Indonesia, the company’s debt composition proposal has been approved by the Indonesian Courts with the approval of the vast majority of its creditors, both international and domestic. This deal has been awarded Asian-MENA Counsel: Deal of the Year – Honourable Mention and IFLR Asia Awards 2016: Restructuring Deal of the Year.
     
  1. Fibrechem Technologies - Sushil represented the company in corporate rescue efforts that followed its disclosure of difficulties faced by its auditors in the finalization of its audit for the financial year 2008. The Company, which is listed in Singapore but with its assets and operations in China was one of the S-chip listed companies that ran into trouble arising out of difficulties faced by their auditors.
     
  1. Tuban Petro Group - Sushil was part of the legal team dealing with the restructuring of this Group, one of the more significant petrochemical players in Indonesia.
     
  1. TT International Ltd - Sushil acted for the major shareholders of the company in relation to its $500 million debt restructuring and in resolving their personal liabilities arising out of corporate guarantees they had executed in connection with the debts of the company. The major shareholders were protected from bankruptcy while a Scheme of Arrangement was worked out relation to the company’s debts.

Accolades

Asia Pacific Legal 500
Restructuring & Insolvency 2017 – Leading Individual for 4 consecutive years

Best Lawyers International: Singapore
Insolvency and Reorganisation 2017 – Endorsed lawyer for 10 consecutive years
Restructuring Lawyer of the Year Singapore 2011

Chambers Asia-Pacific
Restructuring/Insolvency 2017 – Band 1 for 10 consecutive years

"He has very good negotiation skills and is able to work through issues and provide solutions."

"Very responsive and extremely commercial"

Sushil Nair is "highly regarded, top of the game." Praised as being a "practical, outside-the-box lawyer," as well as "sensible, responsive and approachable," he has experience on a plethora of high-stakes insolvencies.

Who’s Who Legal
Insolvency & Restructuring 2017 – Leading lawyer for 8 years

IFLR1000: The Guide to the World’s Leading Financial Law Firms
Restructuring & Insolvency  2018 – Highly regarded
Leading lawyer for 7 consecutive years from 2011 to 2017

A client regarded Sushil as “extremely intelligent”, “hard-working” and “creative”.

Asialaw Leading Lawyers
Restructuring & Insolvency 2017 – Market-Leading Lawyer

Practical Law Company Which Lawyer?
Restructuring & Insolvency 2012 – Endorsed Individual for 5 consecutive years

Appointments/ Memberships

  • Member, Singapore Accountancy Commission Board
  • Member, Insolvency Law Review Committee set up by the Minister of Law
  • Chairman, Insolvency Committee of the Law Society of Singapore
  • Member, Advocacy Committee of the Law Society of Singapore
  • Member, Law Society of Singapore
  • Member, Singapore Academy of Law
  • Member, Board of Trustees, KK Women's & Children’s Hospital Health Endowment Fund
  • Member, Board of Directors of the Insolvency Practitioners Association of Singapore