Stephen is a partner at Morgan, Lewis & Bockius LLP and also a director at Morgan Lewis Stamford LLC, a Singapore law corporation affiliated with Morgan, Lewis & Bockius.
Stephen Cheong’s practice covers international arbitration and litigation with a particular focus on insurance and reinsurance disputes as well as cross-border disputes management and resolution in the Asia Pacific and South East Asian region.
On the insurance front, Stephen represents insurers and policyholders in the full spectrum of non-marine insurance and reinsurance-related matters. Stephen specializes in large scale property, energy and construction losses and advises clientson contentious and non-contentious policy-related issues that include policy interpretation, coverage and quantum and provides representation in settlement negotiations, mediations, arbitrations and litigation.
Stephen has established a strong network with leading local law firms in the Asia Pacific and South East Asian region and is regularly instructed by local counsel to advise and represent clients in international arbitration proceedings arising out of shareholder, joint venture, manufacturing and distribution and construction and engineering related disputes. Stephen is fluent in the institutional rules of major arbitral institutions including SIAC, HKIAC, ICC, ACICA, LCIA and UNCITRAL and is a Fellow of the Singapore Institute of Arbitrators and the Asian Institute of Alternative Dispute Resolution.
In addition, Stephen also represents clients in a wide range of commercial litigation disputes before the Singapore Courts.
Insurance and Reinsurance
Assisting international insurers and reinsurers in respect of contentious and non-contentious matters arising out of and in connection with the catastrophic Thailand Floods of October 2011. The total quantum in dispute was in excess of THB 100 billion.
Working closely with insurers and local counsel to defend worldwide business interruption claims commenced by a US car manufacturing conglomerate for worldwide business interruption losses arising out of the 2011 Thailand Floods.Approximately US$69 million was at stake.
Representing national independent power producer in ad hoc arbitration proceedings against insurers for property damage and business interruption losses arising from turbine failure of a coal-fired power plant in Malaysia. Approximately US$70 million was at stake.
Acting for a Philippine reinsurer in a dispute against a US retrocessionaire arising out of and in connection with an excess of loss treaty covering losses subsequent to the Thailand Floods of October 2011.Approximately PHP 250 million was at stake.
Acting for and advising an international reinsurance syndicate against a property damage and business interruption claim arising from turbine failure in the Philippines.Approximately US$65 million was at stake.
Acting for and advising an international independent power producer in a machinery breakdown and business interruption claim against Insurers for losses arising from failure of a power plant in Sri Lanka.
Acting for and advising the subsidiary of a conglomerate listed on the Stock Exchange of Thailand in a material damage and business interruption claim against Insurers for losses arising from Fire damage to a crude oil refinery. Approximately US$45 million was at stake.
Representing a policyholder in a claim against an insurer for wrongful repudiation and cancellation of a jewellery block policy.
Representing insurers of a property management company in the successful resolution of a multi-million dispute instituted by the property under management arising out of and in connection with the defalcation by a former employee of the insured.
Advising a Singaporean conglomerate on matters relating to policy coverage following a comprehensive review of existing Director & Officer Liability Policies.
Representing a listed mining and processing company in ACICA arbitration proceedings against a global engineering company for damages and loss of profits arising out of the catastrophic failure of mining equipment. Approximately US$85 million was at stake.
Representing the subsidiary of a conglomerate listed on the Stock Exchange of Thailand in SIAC arbitration proceedings (including emergency arbitration proceedings for urgent interim relief) arising out of a joint venture mining dispute. Approximately S$4.2 million was at stake.
Representing a Taiwanese manufacturer of scooters and quadbikes in SIAC arbitration proceedings against a French importer and distributor following the termination of the commercial relationship. More than EUR 12 million was at stake.
Representing a Thailand-based company engaged in agro-industrial business and production of food in expedited SIAC arbitration proceedings in Singapore arising out of a share purchase agreement dispute. More than THB 91 million was at stake.
Court Litigation and Mediation
Appointed by professional and indemnity liability insurers (P&I) to defend an architect in Singapore High Court proceedings commenced by the owners of a hotel for loss of profits occasioned by the delay in completion of the construction works due to alleged professional negligence.
Advising and representing the former CEO of a mining company in a multi-million dollar dispute arising from the wrongful retention of termination benefits by his former employer.
Representing the operator of a commercial mall in mediation proceedings to resolve disputes arising between the operator, tenants, contractors and various stakeholders.
National University of Singapore, 2006, LLB, Honors
Advocate & Solicitor, Supreme Court of Singapore
Awards and Affiliations
Recommended, Dispute Resolution: Local Firms, The Legal 500 Asia-Pacific (2019)
Member, Chartered Institute of Arbitrators
Panel of Arbitrators, Thailand Arbitration Centre (THAC)
Fellow, Singapore Institute of Arbitrators (FSiArb)
Fellow, Asian Institute of Alternative Dispute Resolution (FAiADR)