Delta Law upstages industry giants in insolvency and restructuring law

Delta Law Corporation partners (from left) Cephas Yee, Sean Lee and Joshua Tan were in the same cohort at Singapore Management University’s School of Law.

PHOTO: DELTA LAW CORPORATION

Published Oct 29, 2026, 05:00 AM

Updated Oct 29, 2026, 05:00 AM

Three lawyers got together to start Delta Law Corporation in June 2025, but their roots go back to their undergraduate days in the same cohort at the Singapore Management University.

As their careers unfolded across several law firms, Cephas Yee, Joshua Tan and Sean Lee’s paths crossed repeatedly in the legal work trenches, enabling them to personally understand one another’s work ethics and capabilities.

Between them, they cultivated a range of core specialties: Tan focused on corporate and commercial foundations, fund raising, and mergers and acquisitions; Lee navigated debt distress and insolvency; and Yee spearheaded commercial litigation and arbitration.

Together, they covered the full cycle of corporate life, from creation and raising capital to restructuring and courtroom battles.

The trio also developed, early on, a clearly aligned vision towards effective legal practice.

“There was a clear emphasis on having strong commercial instincts, and the importance of giving clear advice and solutions that work. There was consistent validation from client feedback, which strengthened our confidence in each other.

“The mantra we would use in the firm is ‘making it clear, making it work’, and that is how we try to approach every brief,” said Lee, a partner at Delta alongside Yee and Tan.

That philosophy has paid dividends. The boutique firm snagged top spot in the insolvency and restructuring law field in The Straits Times/Statista Singapore’s Best Law Firms 2027 survey, upstaging the industry’s “Big Five” and other firms by placing a premium on agility, focus and deep specialisation.

“The benefits have been concrete. We have been able to build a highly curated team of lawyers, growing in one year to 12 lawyers. Decisions for the firm are made quickly, thanks to our aligned vision and approach. We chose to take a more modern approach of empowering our lawyers with autonomy and agency to develop themselves in a way that works for them, and have found that this has kept morale strong,” said Lee.

In an August 2026 judgment, Delta – acting alongside RCLT Law Corporation for the Indonesian bankruptcy administrators of Sritex Group – secured a landmark Singapore International Commercial Court judgment regarding US$725 million (S$928 million) in Singapore Exchange-listed notes.

The ruling had three significant legal outcomes: It formally recognised an Indonesian corporate bankruptcy in Singapore for the first time, affirmed the court’s power to restrain secured creditors in liquidations when security is potentially tainted or assets depleted, and established that foreign office-holders seeking general investigative powers need not meet the stricter standard required for compelling named individuals.

Lee said this third outcome has important practical value in empowering office-holders against resistance from banks and auditors.

“The significance of the case for us is simpler. Clients and counsel do not typically send work like that to a new letterhead. They send it to the lawyers they already trust,” he added.

That underlying trust is also why Delta’s recognition in the ST/Statista 2027 rankings felt particularly meaningful, said Lee. “It means a good deal , though perhaps not quite in the way one might expect . The ranking is built on recommendations from people in the profession and from clients. Given that we are a brand-new boutique firm, whatever recommendations were given to us were given to the lawyers in the firm. This is invaluable to us.”

Delta’s pragmatic philosophy extends to how it handles emerging legal tech. In an era where law firms adopt generative artificial intelligence, Delta’s approach is deliberate and unhurried. It views AI strictly as an enabler rather than a crutch – a tool to accelerate research and draft preparation, never a substitute for legal analysis.

“Technology makes a well-prepared lawyer faster. It does not make an unprepared one ready,” said Lee.

Delta Law Corporation 的合伙人（从左至右）Cephas Yee、Sean Lee 和 Joshua Tan 曾是新加坡管理大学法学院的同届学生。

照片：DELTA 法律公司

发布于 2026 年 10 月 29 日上午 5:00

更新于2026年10月29日上午5:00

2025 年 6 月，三位律师共同创立了 Delta 律师事务所，但他们的渊源可以追溯到他们在新加坡管理大学同一届本科时期。

随着职业生涯在多家律师事务所展开，Cephas Yee、Joshua Tan 和 Sean Lee 在法律工作中多次相遇，使他们能够亲自了解彼此的职业道德和能力。

他们三人各自培养了一系列核心专长：谭专注于公司和商业基金会、筹款以及并购；李擅长处理债务困境和破产问题；余则主导商业诉讼和仲裁。

他们共同经历了公司生命周期的全过程，从创建和筹集资金到重组和法庭诉讼。

三人很早就形成了明确的、一致的有效法律实践理念。

“我们非常重视拥有敏锐的商业嗅觉，以及提供清晰有效的建议和解决方案的重要性。客户的反馈不断验证着我们的做法，这增强了我们彼此之间的信心。”

“我们公司奉行的原则是‘把事情说清楚，让它奏效’，这也是我们努力处理每一份简报的方式，”李说道，他是 Delta 的合伙人，与 Yee 和 Tan 一起。

这种理念已经取得了丰硕的成果。这家精品律师事务所凭借其对敏捷性、专注度和深度专业化的重视，在《海峡时报》/Statista新加坡2027年最佳律师事务所调查中，荣登破产和重组法律领域的榜首，力压业内“五大”律师事务所和其他律所。

“这些举措带来的益处显而易见。我们成功打造了一支精挑细选的律师团队，一年内就发展到12名律师。得益于我们一致的愿景和方法，律所的决策能够迅速做出。我们选择了一种更为现代化的方式，赋予律师自主权和选择权，让他们能够以适合自己的方式发展，而事实证明，这种方式极大地提升了团队士气。”李说道。

在 2026 年 8 月的一项判决中，Delta 与 RCLT 律师事务所一起代表 Sritex 集团的印尼破产管理人，获得了新加坡国际商事法院关于 7.25 亿美元（9.28 亿新元）新加坡交易所上市票据的里程碑式判决。

该裁决产生了三个重要的法律结果：它首次正式承认了印尼公司在新加坡的破产；确认了法院在担保可能受到损害或资产耗尽时，有权限制清算中的担保债权人；并确立了寻求一般调查权的外国官员无需满足强制指定个人所需的更严格的标准。

李表示，第三项成果具有重要的实际价值，可以增强公职人员对抗银行和审计人员阻力的能力。

“对我们来说，这个案子的意义很简单。客户和律师通常不会把这类文件寄到新的信笺抬头，而是会寄给他们已经信任的律师，”他补充道。

李表示，正是这种深层的信任，使得Delta在ST/Statista 2027排名中获得认可显得尤为意义非凡。“这意义重大，尽管或许与人们的预期略有不同。该排名基于业内人士和客户的推荐。鉴于我们是一家全新的精品律所，所有推荐意见都会转达给律所的律师。这对我们来说弥足珍贵。”

Delta务实的理念也体现在其对新兴法律科技的运用上。在律师事务所纷纷采用生成式人工智能的时代，Delta采取的是审慎而稳妥的方式。它将人工智能视为一种辅助工具而非拐杖——一种加速研究和文书撰写的工具，绝不能取代法律分析。

李说：“科技能让准备充分的律师工作效率更高，但并不能让准备不足的律师做好准备。”