16 October 2009 - Drew & Napier LLC’s (“D&N”) Corporate Insolvency & Restructuring practice – the largest in Singapore – has received top-tier ranking for the third consecutive year by IFLR1000 – The Guide to the World’s Leading Financial Law Firms. This latest addition to the numerous accolades and awards the practice has received, further affirms its leading position in Singapore.

With a strong forte in cross-border advice particularly for deals concerning Indonesian or PRC companies, D&N is frequently instructed for mega restructuring exercises in the region including D&N advising Armada (Singapore)'s creditors in a scheme of arrangement for the dry bulk shipper involving debts of over USD1.08 billion. This highly-publicised deal, widely reported in the industry press, was singled out by IFLR1000 for mention in the Guide

Describing the firm's leading restructuring and insolvency practice, one client said when interviewed by IFLR1000, "Drew & Napier has a solid team of lawyers and given the wide expertise and experience of the firm, it is always good to have Drew & Napier representing us."

Another client comments: "Drew & Napier has the largest and strongest team of lawyers in Singapore doing restructuring work in the region. They are extremely good at the law, very commercial and have an excellent attitude towards work and responsibilities. They are available 24/7 when instructed."

Director Manoj Sandrasegara, Co-Head of D&N’s Corporate Insolvency & Restructuring Business Group observes, “Debt restructuring deals have intensified in the third quarter, and we have been running at full steam with all hands on deck since the beginning of the year. This trend looks set to continue as we enter the last quarter.” Mr Sandrasegara is one of the firm’s directors named as “leading lawyers” in their practice by IFLR1000, alongside CEO Senior Counsel Davinder Singh, David Ang, Gary Pryke and Valerie Kwok.

Besides Insolvency & Restructuring, the firm’s Banking, Mergers & Acquisitions and Capital Market practices also received strong recommendations in IFLR1000.

About Drew & Napier LLC

Established in 1889, Drew & Napier LLC is one of Singapore's leading and largest law firms, with over 250 lawyers and fee-earners. Consistently rated top tier in dispute resolution over the years by international ranking organisations such as Asia Pacific Legal 500, Chambers Global, Practical Law Company, Best Lawyers and Asia Law, the firm has 7 Senior Counsel – the largest number of any Singapore law practice. The firm is headed by chief executive officer, Davinder Singh, Senior Counsel. Drew & Napier LLC is also rated top tier in Corporate Insolvency & Restructuring, Intellectual Property (Patents and Trademarks), Competition & Antitrust, Telecommunications, Media & Technology and Tax, with market leading practices in Mergers & Acquisitions, Corporate Finance, and Admiralty & Shipping. For more information, please visit www.drewnapier.com.

About IFLR

The IFLR1000 is the guide to the world’s leading financial law firms, utilising a research team based in Hong Kong, London and New York to provide in-depth analysis on the financial and corporate legal markets of over 110 countries.