Lauren Tang
Managing Partner at Virtus Law*
Lauren is an experienced commercial litigator with a focus on restructuring and insolvency, as well as sanctions.
Managing Partner at Virtus Law*
Lauren is an experienced commercial litigator with a focus on restructuring and insolvency, as well as sanctions.
Languages - English, Mandarin
Jurisdictions - Singapore, England & Wales
Lauren Tang, managing partner at Virtus Law, excels in acting for and advising clients with commercial disputes and intricate restructuring and insolvency challenges.
Lauren’s approach is both pragmatic and innovative, and clients value Lauren for her deep technical knowledge and her ability to transform complex legal challenges into actionable strategies. Her work includes representing clients in landmark cases, such as obtaining a scheme moratorium after the 2017 amendments to the Singapore Companies Act (which resulted in the first reported judgment on the requirements of a scheme moratorium); advising on one of the first pre-pack schemes approved under Section 71 of the Singapore's Insolvency, Restructuring and Dissolution Act; and advising a major secured lender on the collapse of Hin Leong Trading. She has also advised corporations on Singapore sanctions, ranging from potential penalties to mitigation steps.
Other than being a litigator and advisor, Lauren serves in the Singapore Law Society’s Insolvency Practice Committee and the Singapore chapter of the International Women's Insolvency and Restructuring Confederation.
*Virtus Law LLP (T13LL0339K) and Stephenson Harwood LLP (T13LL0821C) are registered as a Formal Law Alliance in Singapore under the name Stephenson Harwood (Singapore) Alliance. Both firms are registered in Singapore under the Limited Liability Partnership Act (Chapter 163A) with limited liability. The term "partner" is used to refer to a member in one of the constituent law firms.
Hin Leong Trading
Advising and acting for a major secured lender on the collapse of a well-known Singapore oil trader (Hin Leong Trading), its related vessel ownership group (Xihe Holdings) and its related bareboat charterer (Ocean Tankers), with an exposure of well over US$500 million. This matter has been the subject of headline news in Singapore and in international industry press, with allegations of fraudulent trading, and is one of the largest debt restructuring exercises in Singapore.
eFishery
Representing a major shareholder of eFishery Pte Ltd, which was considered to be a promising aquaculture technology start-up in the industry and had reached unicorn status, reaching a valuation at around USD 1.4 billion in 2023. It had investors such as Softbank and Temasek. At the end of 2024, there was a whistleblowing report suggesting that eFishery Pte Ltd had misreported its financial figures. After investigation, eFishery was found to have misreported its financial figures for years and had incurred hundreds of millions of dollars in losses between 2018 and 2024. eFishery is now facing potential claims for breach of warranties and fraudulent misrepresentation for inducing its shareholders to invest in it via various investment rounds.
Stella Cherise
Successfully defended Oldendorff Carriers GmbH & Co KG (Oldendorff) against a conversion claim in the case of Valency International Pte Ltd v JSW International Tradecorp Pte Ltd and others (2025) SGHC 50. This case involved the delivery of 55,000MT of steam coal shipping from South Africa to India, which was allegedly converted by Oldendorff in issuing instructions to the discharge port agent to issue delivery orders.
Greensill
Acting for GB on the Singapore law aspects relating to Gupta Family Group Alliance (GFG)'s Singapore company holding structure; the scheme moratorium application by a GFG Singapore unit and judicial management application by ArcelorMittal, another major creditor of GFG; and advising GB in respect of the c.EUR 140 million freezing order obtained by ArcelorMittal in Singapore to enforce an arbitration award obtained in London and freezing injunction against certain Singapore units of GFG.
International Arbitration
Acting for an aviation company against a major airline in an international arbitration under the auspices of SIAC. During this arbitration, there were several issues to be dealt with, including whether the matter should be heard on an expedited basis and whether the Tribunal has jurisdiction to preside over the dispute.
Iflix
Successfully advised the Iflix group on securing one of the first pre-schemes under Singapore's Insolvency, Restructuring and Dissolution Act (No. 40 of 2018) since it came into force on 30 July 2020. Further advised the Iflix group on the sale of its online streaming video platform, and other assets, to Tencent Holdings Ltd. Following the sale, we acted for Iflix Pte. Ltd. in obtaining court approval of a pre-packed scheme arrangement, and to restructure its debts with its creditors.
Volatility Token Master Fund
Successfully obtained judgment against SealBlock Foundation Ltd in the Singapore High Court in a fintech dispute arising in connection to a Simple Agreement for Future Tokens. Also successfully acted for the client in a separate fintech dispute arising in connection with a Simple Agreement for Future Tokens and successfully obtained an arbitration award whereby the client was granted, amongst others, delivery up of cryptocurrency by the respondent distributor.
Financial institutions
Acted for financial institutions against claims of misrepresentations and failure in performing statutory obligations. Also acting for liquidators of an established financial brokerage in Singapore.
First Ship Lease Trust
Advised Bank of Tokyo Mitsubishi as agent of a fleet loan facility on the restructuring of the facility granted to First Ship Lease Trust (FSL Trust), a business trust listed on the SGX-ST, with approximately US$166 million remaining outstanding secured against FSL’s entire fleet of vessels through a Singapore scheme of arrangement (under the new Singapore scheme of arrangement regime). This was the first case seeking to restructure the obligations of a business trust through the placing of its trustee manager under a scheme of arrangement.
Skaugen
Assisted the Skaugen Group to apply in Singapore for protection under the s. 211B scheme moratorium regime. This resulted in the first reported Singapore court judgment (Re IM Skaugen SE and other matters [2018] SGHC 259) on the requirements of a scheme moratorium.
