Jonathan Tang Yuan
Jonathan is a Director in Prolegis LLC and the Head of Restructuring, Turnaround & Insolvency for the Herbert Smith Freehills Kramer Prolegis Formal Law Alliance.
Jonathan leads the Singapore-based Restructuring & Insolvency practice at Herbert Smith Freehills Kramer Prolegis Alliance. His practice focuses primarily on contentious restructuring, insolvency, and workouts, including disputes and claims in a bankruptcy and insolvency context. Jonathan advises and represents creditors, insolvency professionals, and debtor companies in bankruptcy, judicial management, scheme of arrangement, and winding up proceedings before the Singapore High Court.
He has led orders for moratoria, scheme of arrangement, and super-priority rescue financing orders over a wide range of companies and sectors. This includes acting as lead counsel and arguing before the Singapore Court in debtor-led restructurings of publicly listed companies, crypto companies, F&B staples, and real estate management companies.
Client and peer accolades across legal directories recognize "he is a well-rounded counsel with good commercial acumen and a strong sense of responsibility to his clients" while praising his "thoughtful, outside-the-box solutions and unique insights into a matter". He has been cited as being "very approachable and willing to assist", and is "very accommodating, responsive and is always available".
Jonathan is recognised in Chambers and Partners' Asia Pacific Guide 2025 and 2026 as an "Up and Coming" rising star in the domestic Restructuring / Insolvency category. He has been recognised in Lexology Index's 2026 report in three categories – the prestigious Client Choice 2026: Restructuring & Insolvency (Highly Recommended); Restructuring & Insolvency (Recommended); and Restructuring & Insolvency Advisers (Recommended).
Selected publications:
- Getting the Deal Through – Restructuring & Insolvency 2018
- Global Restructuring Review (1 February 2019) - Singapore's restrictions on ipso facto clauses: what comes next?
- IFLR (4 October 2022) – Singapore ideal for international cross-border restructuring
- HR Asia (19 May 2022) – Up in the Air: The current state of business travel in Asia
- HSF Singapore e-Bulletin (27 June 2023): Debtor-led Restructuring in Singapore – A Cost Effective, Flexible, and Business-Friendly Option
- HSF Arbitration Blog (10 July 2023) - Singapore winding up proceedings dismissed with costs because applicant should have arbitrated first
- HSF Arbitration Blog (3 August 2023) - Singapore Court holds that USDT is property capable of being held on trust
Experience & capabilities
Selected matters
Restructuring and Insolvency
- Counsel for the Zipmex Group in its Singapore-led restructuring and scheme of arrangement proceedings
- Counsel for creditors in the liquidation and/or restructurings of Three Arrows Capital, Babel Finance Group, and FTX
- Counsel for the Genesis Global Holdco LLC's recognition of its USD 9.3 billion Chapter 11 restructuring in Singapore
- Counsel for the liquidators of a Hong Kong company in its USD 1.4 billion debt Model Law recognition proceedings in Singapore
- Singapore-based counsel for 4 individual debtors of the FTX group based in Singapore in defending clawback claims made against them. The total value of the claim against the clawback debtors exceeded USD 950 million
- Counsel advising shareholders in their rights of recovery arising from the failure of a well-known unicorn startup in South-East Asia.
Background
Jonathan is qualified in Singapore law and is an Advocate and Solicitor of the Supreme Court of Singapore. He is also a fellow of and a regular speaker at the Insolvency Practitioners' Association of Singapore.
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