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Baldev Bhinder
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Samuel Tan
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V Kumar Sharma
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Ramandeep Kaur
Baldev Bhinder
Baldev is the Managing Director of the Firm. He is dual qualified in Singapore and England with more than 18 years of international experience across the world’s leading global law firms. He was previously at UK Energy specialist law firm, Ashurst LLP and US arbitration heavyweight, White & Case, before he set up the Energy & Commodities practice at a Singapore law firm.
Baldev is a leading expert in O&G and Commodities and advises on all aspects of the supply chain from trading and trade finance arrangements to international recoveries and arbitration. He is a leading name in trade fraud cases and his views have been featured in the Singapore Business Times, Bloomberg, CNBC, CNA and the Financial Times.
He is a regular speaker at the Financial Times Asian Commodities Conference alongside industry titans and ministers as well as a contributing writer to the Singapore Business Times. He is particularly active in the Indonesian and South Asian markets where he acts for foreign investors, financiers, international companies, and conglomerates.
Baldev is recognised as a trailblazer in the legal sector: he was nominated as Asia’s top “40 under 40” lawyers by Asian Legal Business, as one of 20 rising Singapore legal luminaries in the Singapore Business Review and in Prestige Magazine’s top 40 list of leaders. He is also ranked for his work in international arbitration and trade by the legal directories of Legal 500, Benchmark Litigation and Who’s Who Legal. In 2023, Baldev was ranked by Asian Legal Business as one of the top 50 litigators in Asia.
Baldev Bhinder
Baldev is the Managing Director of the Firm. He is dual qualified in Singapore and England with more than 18 years of international experience across the world’s leading global law firms. He was previously at UK Energy specialist law firm, Ashurst LLP and US arbitration heavyweight, White & Case, before he set up the Energy & Commodities practice at a Singapore law firm.
Baldev is a leading expert in O&G and Commodities and advises on all aspects of the supply chain from trading and trade finance arrangements to international recoveries and arbitration. He is a leading name in trade fraud cases and his views have been featured in the Singapore Business Times, Bloomberg, CNBC, CNA and the Financial Times.
He is a regular speaker at the Financial Times Asian Commodities Conference alongside industry titans and ministers as well as a contributing writer to the Singapore Business Times. He is particularly active in the Indonesian and South Asian markets where he acts for foreign investors, financiers, international companies, and conglomerates.
Baldev is recognised as a trailblazer in the legal sector: he was nominated as Asia’s top “40 under 40” lawyers by Asian Legal Business, as one of 20 rising Singapore legal luminaries in the Singapore Business Review and in Prestige Magazine’s top 40 list of leaders. He is also ranked for his work in international arbitration and trade by the legal directories of Legal 500, Benchmark Litigation and Who’s Who Legal. Baldev is recognised as a Litigation Star by Benchmark Litigation and by the Asian Legal Business as one of the top 50 litigators in Asia.
Baldev is a Fellow of the Chartered Institute of Arbitrators, UK. He speaks English, Punjabi, Bahasa, Hindi & Spanish.
“Baldev Bhinder is the first person I contact if I have a question about the commodity market. He has immense knowledge that topic and he is unquestionably an expert in that field. Whilst I appreciate his technical ability, the thing I admire the most is his integrity and his willingness to help regardless of whether there is a financial incentive. He cares about people and that shows in his work. It is a pleasure to know and deal with him.”
Legal 500 Asia Pacific 2023
“Baldev Bhinder is well known in the market for his commodities work and network. His understanding of international trade is second to none and he brings that expertise to any claim or arbitration”
Legal 500 Asia Pacific 2022
“Baldev is stellar. He is plugged into the cases, the commodities market and has a great instinct for his cases. He is able to measure up his opponent as well as the judge when running the cases.”
“Baldev Bhinder is a quality lawyer, who is technically and strategically adept.”
Legal 500 Asia Pacific 2020
“Baldev Bhinder is ‘exceptional, ‘understands the practicalities of international trade’, is ‘well connected in the commodities market’, knows the arbitration process inside and out’ and ‘instinctively knows where the pressure points are and can map out an effective strategy from the get go”
Legal 500 Asia Pacific 2019
Recent Engagements
- Successfully acted for lenders in LCIA London arbitration involving an oil project in Africa to obtain a $60 million award in their favour.
- Investigating claims in excess of $70m arising from commodities contracts made by various trade finance funds and acting as lead counsel in Singapore litigations involving allegations of fictitious trades.
- Advised a large commodities trader in respect of a purchase of distressed agri-cargo in Africa in excess of $50 million
- Coordinated London litigation for a lender including in proceedings for a worldwide freezing order against six defendants for diverted sums in excess of $150 million and acted as Singapore counsel in Singapore court restructuring proceedings
- Acting for a national oil company in respect of claims and counterclaims arising from the non-performance of oil contracts.
- Advised a subsidiary of a Middle East investment authority in relation to joint venture investments exceeding $2 billion.
- Acted for a trade finance fund in pursuing recoveries in excess of $100 million against various third parties in India, UAE and HK connected with the Phoenix Group collapse.
- Advising the largest secured lender in relation to court ordered restructuring of InterChem Pte Ltd, with debts exceeding $300 million during the course of Singapore court restructuring proceedings.
- Assisting insurers in relation to investigating alleged commodities trades in excess of $400 million across Asia, South America and Europe.
- Successfully acted for a trader in an SIAC arbitration in a $14 million claim against a Chinese conglomerate arising from several copper trades.
- Acted for a trader in enforcing a US$ 4 million payment under letters of credit issued by a Bangladeshi bank.
- Successfully acted for a trader in SIAC proceedings against a miner involving a hacking and diversion of payment.
- Acting for an oil trading company in SIAC proceedings involving termination of contracts arising out of sanctions.
- Advising and acting for an oil company in an LMAA arbitration in relation to disputes arising out of a charterparty
- Acting for a large trading company in LCIA arbitration proceedings in respect of an indemnity arising from the sale and purchase of steel.
- Advising an oil trader in respect of its claims and liabilities arising from its offtake arrangements connected with the judicial management and eventual insolvency of Zenrock Commodities Trading.
- Acting for creditors and liquidators in various Singapore court restructuring matters.
- Advised on various power projects including EPC arrangements for solar projects in Bangladesh
- Advised contractors in the offshore construction company in respect of rights concerning specialized marine equipment
- Advised lenders and traders on various commodities trade finance facilities
- Advised and streamlined the global procurement and trading contracts for an Australian miner.
Publications
- "Euronav legal victory over UniCredit tames ‘almighty’ power of bills of lading, lawyers claim", TradeWinds, June 2023.
- "Misdelivery: Are BLs good security anymore?" Manifold Times, June 2023.
- "Unmasking trade finance fraud: The intricate web of balance sheets, fragmented information, and human biases", Trade Finance Global, June 2023.
- "Carbon credits: Are we missing the forest for the trees?" The Jakarta Post, May 2023.
- "Credit insurance claims for commodities financing: Investigation red flags", Berne Union, November 2022.
- “Invoice financing and credit insurance: Is the problem with product or conduct”, The Business Times, October 2022.
- “The brave new world of electronic transferable trade documents”, The Business Times, July 2022.
- "The risks, rewards and misconceptions around credit insurance", Global Trade Review, June 2022.
- “Commodities in 2022: five themes that will dominate the headlines”,The Business Times, January 2022.
- “The commodities bull run: not all that glitters is gold”, The Business Times, July 2021.
- “The 2020 trade fraud scandals: have we learnt the right lessons?” , The Business Times, February 2021.
- "Singapore oil traders rush to reassure clients", The Financial Times,April 2020.
- "In the land of the blind, the one-eyed man is king: The opaque world of international trade", TXF News, December 2019
- “The key to reducing fraud in international trade” Singapore Business Times, February 2018.
- Events
- Articles
- August 2024
The Law should call a Fraud a Fraud:
- Articles
- June 2024
Oil Storage: Considerations for Financiers & Traders
Samuel Tan
Samuel is a Consultant with the Firm. He qualified as a Solicitor of England and Wales and has worked in London and Singapore with a leading international law firm from 2009 to 2017. Sam & Baldev were previously colleagues at the market-leading Energy practice of Ashurst. He subsequently took on a business role with a family office.
Sam has specific expertise in negotiating and managing complex multi-party commercial transactions that form part of the broader energy value chain; including international commodities sale and purchases, M&A for oil and gas assets/infrastructure, as well as other related business activities such as storage, maintenance, and shared usage of common facilities. Notably, he has advised key LNG market players and terminal users /developers in Southeast Asia including Pavilion Gas, PETRONAS, and Pertamina.
Having valuable first-hand commercial experience in petrochemical trading operations and industry benchmark pricing – clients seek out Sam’s unique ability to appreciate the transaction from both legal and commercial perspectives. Sam’s previous legal experience helps him to customize solutions that address, and dovetail with, the specific pressures facing his clients. He is now a non-practising Consultant on oil, gas, and LNG related matters.
Samuel Tan
Samuel is a Consultant with the Firm. He qualified as a Solicitor of England and Wales and has worked in London and Singapore with a leading international law firm from 2009 to 2017. Sam & Baldev were previously colleagues at the market-leading Energy practice of Ashurst. He subsequently took on a business role with a family office.
Sam has specific expertise in negotiating and managing complex multi-party commercial transactions that form part of the broader energy value chain; including international commodities sale and purchases, M&A for oil and gas assets/infrastructure, as well as other related business activities such as storage, maintenance, and shared usage of common facilities. Notably, he has advised key LNG market players and terminal users /developers in Southeast Asia including Pavilion Gas, PETRONAS, and Pertamina.
Having valuable first-hand commercial experience in petrochemical trading operations and industry benchmark pricing – clients seek out Sam’s unique ability to appreciate the transaction from both legal and commercial perspectives.
Samuel graduated with a degree in law from the University of Cambridge, UK.
Recent Engagements
- Advising Pavilion Gas in relation to its successful bid for a Singapore LNG import licence (2016), as well as on its first publicly announced long-term LNG sale and purchase agreement.
- Advising Pertamina in relation to its US$2 billion acquisition of several Malaysian upstream oil and gas exploration assets (Asian Lawyer “Energy Deal of the Year” 2015).
- Advising PETRONAS on the development of its 2nd LNG receiving terminal located at its Pengerang Integrated Complex in Southern Johor, Malaysia.
- Advising a Singapore based energy trader in relation to LNG master sales arrangements with more than 15 potential counterparties.
- An in-house role at Mitsui Asia-Pacific Pte Ltd, where he advised in relation to a wide range of commodity flow contracts and trade-related legal queries.
Publications
- Portfolio” LNG SPAs: Who Benefits? Parts 1 and 2, Gastech Insights, Apr – Jun 2016, co-authored with Daniel Reinbott.
- “Gas sales agreements: sole remedy for failure to deliver”, 2015.
- "LNG – overview and project essentials" Chapter in the Oil and Gas: A Practical Handbook, Second Edition published by Globe Law and Business in 2014, co-authored with Daniel Reinbott and Erin Dyer.
- "Myanmar natural gas: how much can investors expect to export”, December 2013.
- "AIPN releases new 2012 version of its model LNG master sales agreement", July 2012.
- Events
- August 2024
BG 5th Anniversary Party Photos
- Articles
- August 2024
The Law should call a Fraud a Fraud:
- Articles
- June 2024
Oil Storage: Considerations for Financiers & Traders
V Kumar Sharma
Kumar is an Associate Director with the Firm. He trained and qualified with a Big Four law firm in Singapore and was previously at a leading international law firm that specialized in the energy, trade & commodities and infrastructure sectors. He has worked with prominent Senior and Queen’s Counsel, and has over seven years of litigation and arbitration experience.
Kumar’s contentious disputes experience spans areas such as projects and construction, ship building, trade disputes, hospitality, complex commercial fraud, joint ventures and shareholder/directors’ disputes. He regularly appears before the Singapore Courts and is experienced in arbitrations under all major rules. Kumar is also experienced in mediation and adjudications under the Building and Construction Industry Security of Payment Act.
Added to this, Kumar is active in the cryptocurrency industry. He has advised on a fraudulent Initial Coin Offering in Canada and is a strategic advisor to a blockchain technology company at the forefront of NFT and AI technology.
Kumar graduated Magna Cum Laude with double degrees in Law and Social Science (majoring in political science) from Singapore Management University (Dean’s List 2009).
He speaks English and Hindi.
V Kumar Sharma
Kumar is an Associate Director with the Firm. He trained and qualified with a Big Four law firm in Singapore and was previously at a leading international law firm that specialized in the energy, trade & commodities and infrastructure sectors. He has worked with prominent Senior and Queen’s Counsel, and has over seven years of litigation and arbitration experience.
Kumar’s contentious disputes experience spans areas such as projects and construction, ship building, trade disputes, hospitality, complex commercial fraud, joint ventures and shareholder/directors’ disputes. He regularly appears before the Singapore Courts and is experienced in arbitrations under all major rules. Kumar is also experienced in mediation and adjudications under the Building and Construction Industry Security of Payment Act.
Added to this, Kumar is active in the cryptocurrency industry. He has advised on a fraudulent Initial Coin Offering in Canada and is a strategic advisor to a blockchain technology company at the forefront of NFT and AI technology.
Kumar graduated with a degree in law from the Singapore Management University.
Recent Engagements
- Acted for an oil major in a BANI arbitration, seated in Jakarta and subject to Indonesian law, arising from disputes with a consortium of contractors who constructed on-shore oil production facilities in Indonesia.
- Acting for Thai sub-contractors in an ICC arbitration arising from disputes with Japanese main contractors over the alleged abandonment of works for a refinery and petrochemical complex in Malaysia.
- Advised a large, multinational main contractor in respect of claims against a sub-contractor for defective box culverts in a gas turbine power plant in Malaysia, and in defending claims brought by the Owner for delayed completion of the plant.
- Acted for a sub-contractor in a claim for payment of retention monies brought by a contractor in respect of an aroma ingredients plant in Malaysia.
- Acting for an investor in an SIAC arbitration arising from the acquisition of an Indian automobile conglomerate by a Thai listed company and personal guarantees provided in the sum of USD 122 million.
- Acted for buyers of two jack up oil rigs valued at $400 million against a main contractor in LMAA arbitrations, and defended claims brought by the main contractor against an entity related to the buyer in a HKIAC arbitration
- Acted for a vessel construction company in a $21 million SCMA arbitration arising out of the outfitting, commissioning and testing of a Dynamic Positioned Pipelay Construction vessel.
- Acting for an investor in SIAC arbitration proceedings in respect of a convertible loan agreement relating to the establishment and/or expansion of a famous, global, fast food chain in Vietnam.
- Acted for a joint venture oil and gas company against a global crane manufacturer in an AIAC arbitration concerning the collapse of a platform crane.
- Advised and acted for an Indian company in a SIAC arbitration against a Thai company concerning the sale and delivery of timber.
- Advised and acted for a UAE trading company in a SIAC arbitration against a Chinese company concerning the sale and delivery of prilled and granular urea.
- Acted for building owners in a $20 million claim against various contractors and consultants in a dispute arising out of the failure of a building’s façade cladding system.
- Acted for minority shareholders of a Singapore joint venture company in four actions against former directors and their associated companies for breach of fiduciary duties and minority oppression.
- Advised and acted for an Indonesian coal conglomerate in defending claims amounting to $1 billion brought by their former Australian joint venture partners, and pursuing counterclaims in a dispute concerning the operations of a coal briquetting plant.
- Events
- August 2024
BG 5th Anniversary Party Photos
- Articles
- August 2024
The Law should call a Fraud a Fraud:
- Articles
- June 2024
Oil Storage: Considerations for Financiers & Traders
Ramandeep Kaur
Raman is an Associate Director with the Firm. She trained and qualified with a leading international law firm in Singapore specializing in construction. Raman worked with Baldev in her previous role and moved with the team when BlackStone & Gold was set up. Her expertise covers a broad range of international trade and construction related issues in the energy and commodities sector.
Raman’s core focus is on international arbitration, but she has also appeared before the Singapore High Court for restructuring and contractual disputes. She has been recognized as a key lawyer in Legal 500 2022 and 2023 for International Arbitration and commended as “standing out” for her “knowledge, professionalism, service level and attention”, and for having proven to be a “worthy ally” for her clients.
She has considerable experience acting for lenders, traders and insurers in a variety of cases involving trade fraud, shipping, quality and contractual disputes involving jurisdictions such as Vietnam, China, UK, Bangladesh and India.
Ramandeep Kaur
Raman is an Associate Director with the Firm. She trained and qualified with a leading international law firm in Singapore specializing in construction. Raman worked with Baldev in her previous role and moved with the team when BlackStone & Gold was set up. Her expertise covers a broad range of international trade and construction related issues in the energy and commodities sector.
Raman’s core focus is on international arbitration, but she has also appeared before the Singapore High Court for restructuring and contractual disputes. She has been recognized as a key lawyer in Legal 500 2022 and 2023 for International Arbitration and commended as “standing out” for her “knowledge, professionalism, service level and attention”, and for having proven to be a “worthy ally” for her clients.
She has considerable experience acting for lenders, traders and insurers in a variety of cases involving trade fraud, shipping, quality and contractual disputes involving jurisdictions such as Vietnam, China, UK, Bangladesh and India.
Raman has contributed to leading legal publications on construction and arbitration.
Raman graduated with a degree in law(final year Dean’s list) from the National University of Singapore.
Recent Engagements
- Acted for lenders in LCIA London arbitration involving an oil project in Africa and successfully obtained a $60 million award in their favour.
- Acting for a global credit insurer in two Singapore High Court proceedings concerning trade insurance claims, and involving allegations of fictitious trades and fraudulent conduct. Total claims being investigated under the two policies exceed $55 million.
- Acted for a trader in an SIAC arbitration in a $14 million claim against a Chinese conglomerate arising from several copper trades.
- Advising the largest secured lender in relation to court ordered restructuring of InterChem Pte Ltd, a petrochemicals trading company with debts exceeding $300 million including improving the payment terms offered to the lender over the course of the restructuring process.
- Advising a lender in relation to a failed restructuring attempt of Somap International Pte Ltd, a ship recycling company with debts exceeding $170 million, and then in the liquidation proceedings. Successfully acted for a lender in very heavily bankruptcy proceedings against the director of Somap International Pte Ltd, entailing a number of interim challenges and appeals. Coordinated London litigation, including proceedings for a worldwide freezing order.
- Acting for a corporate user against a cryptocurrency exchange platform in an SIAC arbitration seeking reversal of aberrant orders with values fluctuating as much as 10,000% within a minute, and negotiating a favourable settlement.
- Acted for a Bangladesh steel conglomerate in SIAC arbitrations in relation to termination of international sale contracts involving claims of $5 million.
- Acted for a trader in enforcing a US$ 4 million payment under letters of credit issued by a Bangladeshi bank. Successfully advised on settlement.
- Acted for a commodities trader in a London arbitration for claims in relation to double financing of cotton trades.
- Advising and defending a trader in a HKIAC arbitration by shipowners whilst bringing a separate SIAC arbitration claim against the receiver for various breaches in taking timely delivery.
- Advising and acting in LMAA arbitrations in relation to disputes concerning unsafe berth, and unclean vessel tanks and termination of a charterparty.
- Acted for a lender in the Singapore High Court against an insurance broking firm for negligence.
- Advising a lender in a misdelivery claim against freight forwarders and carriers of cargo, including working with English lawyers to bring a claim for the same in the English High Court which culminated in a favourable judgment.
- Advising traders and lenders on structuring prepayment deals and loan facilities.
Publications
- Euronav legal victory over UniCredit tames ‘almighty’ power of bills of lading, lawyers claim, TradeWinds, June 2023
- Misdelivery – Are BLs good security anymore? Manifold Times, June 2023
- Researched and co-edited six chapters of Law and Practice of Construction Contracts (5th Ed, 2018, Sweet & Maxwell), a leading textbook on construction law in Singapore (May 2017 – Jan 2018)
- Assistant Editor, Singapore Arbitration Journal (2019 – Present).
- Can Directors Rely on their Companies’ Arbitration Agreements? Kluwer Arbitration Blog.
- Due Diligence and Time of the Essence in Construction Contracts – Can they be implied? Society of Construction Law (Singapore) Newsletter (Jan 2018).
- Justice in Adjudication: Rough, Ready and “Natural”. Apparent Bias in Construction Adjudication. Society of Construction Law (Singapore) Newsletter (Sep 2017).
- Anti-suit Injunctions in Favour of Arbitration – A Permanent Fixture in Singapore? Singapore Institute of Arbitrators Newsletter (Jun 2017)
- Events
- August 2024
BG 5th Anniversary Party Photos
- Articles
- August 2024
The Law should call a Fraud a Fraud:
- Articles
- June 2024