Commercial and Transactional
Prakash acts for various private companies/businesses and advises both their boards of directors and individual directors on corporate governance, which include advice on the corporate structure of businesses, the incorporation of companies and partnerships and employment law. He also advises on mergers, acquisitions and joint ventures, which are particularly active practices of the corporation in light of our close connection with clients in the region.
Some of the recent or typical matters Prakash advises on include:
- Representing clients on mergers, acquisitions and joint ventures and drafting of necessary corporate agreements towards completion and post-completion obligations;
- Assisting clients by bringing them into contact with new business opportunities and following this up with the necessary legal advice and support to seal such deals;
- Represented a target company in the energy sector in the Republic of Indonesia in a reverse takeover for public listing in Singapore in a transaction exceeding US$100 million in value;
- Represented target companies and a mine in the Republic of Indonesia in a private sale in a transaction exceeding US$30 million.
Prakash also has extensive experience acting for investors in formulating "exit- strategies". This is particularly relevant in circumstances where the financial prospects of the investment vehicle appear less than encouraging and require the formulation of a strategy to allow for the pulling out of such investments in the quickest possible time i.e. in essence a salvage operation. Some of the matters, which he has successfully acted in, include:
- Acting for a group of investment companies who formed the majority shareholders of an investment vehicle and advising them on an efficient and cost-effective exit from the vehicle;
- Acting for a venture capitalist subsidiary of a multinational company who formed the majority shareholder of an investment vehicle and advising them on an efficient and cost-effective exit from the vehicle whilst at the same time dealing with disputes of disgruntled minorities who were also the founders of the investment vehicle.
- Acting for a listed local company who formed the minority shareholder of an investment vehicle and advising them on an efficient and cost-effective exit from the vehicle whilst that the same time dealing with disputes and opposition from the majority who controlled the management.
- Acting for the management of a dot.com vehicle and advising them on an efficient and cost-effective exit from the vehicle to salvage the existing investments whilst at the same time advising on a management buy-out of the business.
In the areas of commercial trade, Prakash regularly advises on various legal aspects of international trade including issues regarding bills of lading, contracts of carriage by sea and air, charter parties, international carriage of goods, and multi-modal transport.