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  • Devandran Karunakaran

    Devandran Karunakaran
    Managing Partner, Singapore

    Projects, finance and advisory, Floating solutions: production, gas and power, Sale and purchase Escrow arrangements, Maritime finance

    T. +65 6538 6660
    D. +65 6305 6966
    devandrankarunakaran@incegd.com

Dev is Managing Partner and Head of the firm’s Singapore office. Prior to moving to Singapore, he practised in London and specialises in cross-border ship finance, covering asset, project and corporate finance transactions, including in the LNG and offshore sectors.

Dev represents an international portfolio of shipping financiers, including equity funds, as well as ship owners across Asia and Europe.

In addition to asset, project and corporate finance transactions, he has considerable experience of advising ship finance banks and owners in relation to complex restructuring work, including standstill arrangements. Dev also advises on the more commercial side of shipping matters such as chartering arrangements and sale & purchase transactions.


Highlight Matters

  • Advising a Norwegian bank on four syndicated facilities in excess of US$1 billion including junior loans, amendments to swap arrangements, restructuring of the security package and complex inter-creditor issues.
  • Advising a group of banks in connection with the project financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters.
  • Advising a consortium of Singapore based banks on loan facilities for the purpose of financing two LNG tankers
  • Advising a blue-chip Greek ship owner on debt financing for its fleet.  
  • Advising NORD LB on a work-out involving a number of facilities (both bilateral and syndicated) to a defaulting owner including enforcement of security and warehousing structures.
  • Advising Nordea on the restructuring of three large syndicated facilities to the Eitzen group with complex inter-creditor issues.
  • Advising United Arab Chemical Carriers on a cross-collateralised loan facility.
  • Advising a blue-chip Greek ship owner on a super yacht charter contract.

Legal Directory Quotes

“The ‘approachable’ Devandran Karunakaran is also recommended.” Legal 500 Asia Pacific

Professional Associations & Memberships

  • Law Society of England and Wales 



Expertise:
Projects, finance and advisory, Floating solutions: production, gas and power, Sale and purchase Escrow arrangements, Maritime finance

Qualified:
2006

Accolades:
Legal 500 Asia Pacific

Education (University):
University of Leicester

Languages:
English