Acting for a syndicate of banks in Singapore in connection with the upsizing of a receivables finance facility for a major international bunker fuel supplier to finance its working capital requirements and provide additional liquidity for its trading activities.
Amer International Group, E-Land World
Advised the Singapore branch of the largest private bank in India on a secured back-to-back letter of credit facilities.
Everest Gold, Lend Collective, Symphony International
Acted for TT International in receiving a convertible loan from Celestial Palace to fund the implementation of a new scheme of arrangement.
DBS Bank, Far East Organization Centre, Standard Chartered Bank, Tuan Sing Holdings, United Overseas Bank
Acted for Industrial and Commercial Bank of China (Malaysia) in a receivable financing facility granted to Huawei International. The team managed the Singaporean part of the transaction, including reviewing the Malaysian law facility agreement for compliance under Singapore law.
Barclays Bank, CGS-CIMB Securities, Maybank Kim Eng Securities, Rely, Standard Charted Bank
All the work highlights submitted by the firm are confidential. Please click on the firm name to read their Overview.
Acted for 12 banks and financial institutions—including Australia and New Zealand Banking Group, Bank of China, DBS Bank, Mizuho Bank and Société Générale—in $1.2 billion banking facilities granted to Mercuria Asia Group Holdings and Mercuria Energy Trading.
Acted for Sunseap Commercial Assets, a Southeast Asian solar energy system developer, as borrower in a S$50 million loan obtained from ING Bank (Singapore) for the construction and development of a portfolio of rooftop solar projects in Singapore.
HSBC, Maybank Kim Eng Securities, Overseas Family School, State Bank of India, United Overseas Bank
Acted for United Overseas Bank in part financing the acquisition of the assets and liabilities of Jackspeed Corporation, a local leather trim manufacturer for car seats.
CapitaLand, Maybank, Plaza Ventures, United Overseas Bank
Acted for a Mitsubishi Estate Co-CLSA fund managed by Pan Asia Realty in the acquisition financing of Chinatown Point granted by OCBC and DBS.
Mapletree Treasury Services, Mizuho Bank, OCBC Bank, Oxley Beryl, UOB
Acted for water treatment company Memiontec Holdings in the listing of its shares on the Catalist board.
QRC, SBI Offshore, RHB Securities Singapore, Snack Empire, Wonderscape Holdings
Acted for the issuer Braskem Idesa, a petrochemical company that produces polyethylene, regarding the listing of its $900 million senior secured notes due 2029 on the Singapore Exchange.
Alpha Holding, Axcelasia, GeoPark, International Press Softcom, TermoCandelaria Power
Acted for Don Agro International, a Russian-based agricultural company, in its IPO on the Catalist board of the Singapore Exchange (SGX-ST). This is the first listing of a Russian business on the SGX-ST.
Air Products and Chemicals, China Mining International, Haidilao International, Manhattan Resources, Summit Power International
Acted for JM Financial and Edelweiss Financial Services, the book running lead managers, on the sale of $70 million equity shares in Prince Pipes’ Indian IPO alongside private placements outside India.
Equirus Capital, ICICI Securities, Nomura Financial Advisory and Securities (India), SBI Capital Markets
Advised on the establishment of an S$2 billion multicurrency debt issuance programme by DBS Trustee and OUE CT Treasury.
Alliance Mineral Assets, Credit Suisse (Singapore), Singapore Press Holdings, SPH REIT, Zhenjiang Transportation Industry Group
Acted for AM Group on its successful IPO and listing on the main board of the HKEX by way of a share offer.
Kwan Yong Holdings, Livfresh, PS Group Holdings, SW Wellbeing Management
Acted for DBS Trustee, the trustee of Prime US REIT, in relation to Prime US REIT’s IPO and listing on the SGX raising $612 million.
AsiaMedic, CTR Holdings, Maxi-Cash Financial Services Corporation, Perpetual (Asia), Vashion Group
Advised INEOS Styrolution Group on the issuance of a €500 million senior secured instrument.
Annaik, Citibank, Credit Suisse, OCBC
Acted for Anchor Resources in the placement of 146 million ordinary shares.
Beng Kuang Marine, ISOTeam
Acted for the joint bookrunners and underwriters on the IPO of Elite Commercial REIT on the SGX-ST raising gross proceeds of £131 million. Elite Commercial REIT is the first United Kingdom-focused Singapore REIT.
Alliance Healthcare Group, BNP Paribas, DBS Bank, Merrill Lynch (Singapore), OCBC, Wave Life Sciences
Assisted Singapore Airlines and Deutsche Lufthansa as instructing counsel for the individual exemption application to the Malaysian Aviation Commission.
Advised Toh Thye San Farm on its appeal before the Competition Appeal Board against the infringement decision issued by the Competition and Consumer Commission of Singapore (CCCS) against the client and other fresh chicken distributors for alleged participation in agreements to fix prices and allocate customers. The appeal is a rare case where both the findings of liability and the penalty are being challenged.
Innovative Diagnostics, Jebsen & Jessen, Quest Laboratories, Singapore Institute of Surveyors and Valuers
Acted for Uber Technologies Singapore in its appeal against the decision of the Competition and Consumer Commission of Singapore (CCCS) that the sale of Uber’s Southeast Asian business to Grab in exchange for a minority stake in Grab is an infringement of Singapore’s Competition Act. This is the first appeal ever made concerning a merger decision made by the CCCS.
Advised Intercontinental Hotels Group in an investigation by the CCCS in relation to the exchange of confidential corporate customer information in the provision of hotel room accommodation in Singapore.
8S Capital Holdings, CapitaLand, KCL, LOGOS Property Group, SembWaste
Represented Daelim Industrial, one of Korea’s leading construction and petrochemical companies, in a dispute concerning an aborted EPC contract for the construction of the largest petrochemical plant in India and Asia.
China Machine New Energy Corporation, CosmoSteel Holdings, Hyundai Engineering & Construction, Keppel Singmarine, Singapore Liquefied Natural Gas
Acting as the claims specialist to project manager Surbana Jurong Consultants and superintending officer and employer, Maritime and Port Authority of Singapore, for the Tuas Terminal Port Project 1, which is the part of the upcoming Tuas Mega Port project. The project is of national strategic importance to Singapore and the first of its kind in Singapore for decades.
Meinhardt Singapore, Ministry of Health Holdings, Public Utilities Board, Rich-Link Construction, SL (Land) Construction, SMRT Trains
Acted for UMG and obtained four adjudication determinations against DSG under the statutory adjudication regime, for supply, delivery and installation of stone works at Robinson Tower.
Represented the claimant in adjudication proceedings against the respondent in relation to the Jurong Lake Gardens West project.
Advised the master developer of the One Bangkok project in respect of the development of a wastewater treatment plant, a district cooling plant, an electricity distribution facility and ICT infrastructure and services. One Bangkok is the largest private sector property development initiative undertaken in Thailand, valued at $3.5 billion.
Resorts World Sentosa, SpaceDC, Swiber Offshore Construction, Wintree Investment
Advising Snakepit-BP on a construction contract to build and construct a new facility at One-North, which is intended to serve as the new headquarters for Razer, a gaming-peripheral company.
Apollo Aquarium and Cube 2, Digital Realty, Dredging International Asia Pacific, Kyo Ei Denko
Defending CSYA against claims of fraud, conspiracy, collusion, negligence and alleged failure to supervise the contractor, leading to 700 claimed defects in three two-storey detached houses. This is one of the longest high court trials ever in Singapore.
Euro Assets Holding, Hyundai Engineering & Construction, Hyundai-GS Joint Venture, Kabeli Energy, SCDA Architects
Acted for Or Kim Peow Contractors, one of Singapore’s largest privately-owned property developers and contractors, against criminal charges brought by the prosecution under the Workplace Health and Safety Act and the Building Control Act, in respect of the collapse of a partially constructed highway viaduct structure on Upper Changi Road East. This is the first time a criminal prosecution of this scale concerning workplace safety is being heard by the local courts.
EC Prime, Penta-Ocean Construction, Far East Square, Pontiac Land Group, Zhengda Corporation
Advised SGX-listed Teckwah Industrial Corporation on its acquisition of Profoto Group.
Advised Benjamin Barker Group on a strategic investment by Malaysia-headquartered MUI Group.
Advised a private investment group on its investment in a real estate group with residential real estate and hospitality assets in Cambodia.
Acting for LivinWall, a Singapore-based start-up that produces sustainable paints and advanced building materials, on the acquisition of its shares by an international property and hotel conglomerate listed in Singapore.
Chang Hua Group, Gourmet Food Holdings, Linkedge International, Prestige Biopharma, Raffles Lease Holdings
Acted for Norwegian multinational telecommunications company Telenor Group in its merger with online marketplace operator Carousell in a part-cash part-equity deal.
Acting as Singapore counsel to Biolidics, a Singapore based medical technology company, in its acquisition of laboratory operator Biomedics Laboratory, which provides clinical diagnostic tests.
Accuron Technologies, Aier Eye Hospital Group, Nutrition Technologies, PCCW Solutions, Zenius Education
Advised one of Japan’s leading fresh produce distributors in its investment of S$31 million in equity and exchangeable debt in a Singapore fresh fruit wholesale trader.
Acted for Rothschild & Co Singapore, the independent financial adviser to CapitaLand, on the acquisition of all issued ordinary shares in each of Ascendas and Singbridge by CapitaLand.
Evercore Asia, Sealed Air Corporation, SoftBank Vision Fund, StarHub, Temasek Holdings
Represented Best World International, a Singapore-based skincare product developer, in its £27.7 million investment in Margaret Dabbs London, a British luxury brand, acquiring a minority stake.
Bond Capital Partners, DuPont, Globe Telecom, Htoo Group, Profesional Telekomunikasi Indonesia
Assisted DealStreetAsia, a Singapore-based financial news start-up, in respect of Nikkei's acquisition of a majority stake in its share capital.
Advised a US multinational enterprise information technology company on the corporate re-organisation of its non-US group companies in Singapore following the acquisition of a supercomputing manufacturer in a deal worth $1.4 billion.
Alliance Healthcare Group, Dasin Retail Trust Management, JR Group Holdings, Micro Focus International
Advised Sysma Jade, a property development and construction company, on the acquisition of the entire issued and paid-up share capital of KH Engineering and KH Instrumentation.
Advised its longstanding client, Sun Venture Group, on the acquisition of all equity interests in CR-71 Robinson Road Singapore.
EBI Investments, KB-SP Private Equity Fund IV, Pine Labs, Rolls Royce, TechnipFMC, UMS Holdings
Acting for Legrand Holding on the acquisition of Universal Electric Corporation, an international provider of electrical power distribution systems to the data centre industry.
Advising New York-based Insight Venture Partners on its series A investment into an Israeli-headquartered global payroll management platform, Papaya Global.
Codemasters Group, Kopi Kenangan, Nippon Paint (Singapore), Nipsea Management, United Food Holdings, World 50
Acted for Singapore Press Holdings in the voluntary general offer to Keppel Corporation and SPH for all the issued and paid-up ordinary shares in the capital of M1.
Advised CKM (Cayman), an SPV of CITIC Environment Investment Group, as offeror in its pre-conditional exit offer for all the issued and paid-up ordinary shares of CITIC Envirotech for its voluntary delisting from the main board of the SGX-ST. This was the first exit offer made concerning an issuer listed on the SGX-ST since the SGX-ST implemented changes to the voluntary delisting regime under the listing rules in July 2019.
Ascendas US Fund Management, Health Management International, Merrill Lynch (Singapore), Perpetual (Asia), Sompo Japan Nipponkoa Insurance
Acted for Dyna-Mac Offshore Engineering (Shanghai) in a joint venture agreement with China Merchants Heavy Industry Holdings.
Advised BreadTalk Group on its successful acquisition of Food Junction Management through its wholly owned subsidiary Topwin Investment Holdings.
Crescendas Group, Fibronostics, Janus International Group, Obvio Health, Travecta Therapeutics
Acted as Singapore counsel for South Korea’s top food delivery app owner Woowa Brothers on its acquisition of an 87% stake by German food delivery company Delivery Hero for $4 billion.
Diginex, Fujifilm Holding Corporation, L3Harris Technologies, PBA International, SoftBank Group
Advised Credit Suisse, financial adviser to CapitaLand Commercial Trust Management, in the proposed merger of CapitaLand Mall Trust and CapitaLand Commercial Trust. The merger will create the third-largest REIT in Asia-Pacific worth S$22.9 billion.
Acted as Singapore counsel for Malaysian corporate, YTL Group, in its proposed S$331 million acquisition of Tuaspring, a power generating company in insolvency. Tuaspring is the power company developed and owned by Hyflux.
Datapulse Technology, Singapore Medical Group, YTL Cement Singapore
Advised the manager of CapitaLand Commercial Trust in the merger of CapitaLand Commercial Trust and CapitaLand Mall Trust by way of a trust scheme of arrangement to form the third-largest REIT in Asia-Pacific, with a total portfolio property value of S$22.9 billion.
Advised M+S, a joint venture between Temasek and Khazanah, in the sale of Andaz Singapore, the luxury hotel component of the iconic Duo complex, to Hoi Hup Realty for S$475 million. The sale consideration is the highest total price ever achieved for a standalone hotel deal in Singapore and is the third-highest hotel sale price in Asia in 2019.
Ascendas Hospitality Fund Management, Baring Private Equity Asia, Hyflux, Keppel Corporation, KKR
Advised InfoCorp Technologies on the terms of the convertible agreement regarding equity for early stage financing rounds, including advising on the offering regime in Singapore under the Securities and Futures Act.
Acted for Pine Venture Partners, a Singapore based venture capital firm that invests in tech companies, on its investment into Archisen, a start-up focused on urban farming.
Acted for Anuva Technologies against Adset and its group of companies for unpaid goods delivered to Adset in India. This was the first case considering the use of text messages in the context of an acknowledgement under the Limitation Act.
Acting for the main contractor, Voltas, in multiple Singapore court proceedings against a sub-contractor, Yong Chan Metal Engineering, in a dispute arising out of the construction of the new Thomson-East Coast Line Mass Rapid Transit (MRT). This case involves tortious claims for conspiracy and inducement of breach of contract in an insolvency setting where directors owe duties to not only the company but also creditors of the companies.
Cathay Overseas International, Hearti Lab, Roche Singapore, Suying Metropolitan Studio, Verdane Art Invest
Acted for Indian Ocean Energy and Nirmanvridhi Construction Private in an international arbitration before than SIAC concerning its investment in the Singapore incorporated company, Bumi Geo Engineering.
Acted for a minority shareholder in a logistics company claiming minority oppression.
Acting for the plaintiff—the wife of the deceased—in a landmark medical negligence appeal against Quest Laboratories and Dr Tan who misdiagnosed the deceased’s skin lesion as being non-cancerous.
Representing defendants IG3 Infra and ETL Power Services in a multi-party claim brought by a Mauritian corporation, lIRF Holdings II, alleging breaches of directors’ duties, minority oppression, siphoning off of funds, and dissipation of corporate assets.
Autodesk, RSM Corporate Advisory, True Yoga, Wondershare Technology
Acted for a client in defending against a claim for damages arising from alleged oral misrepresentations between the plaintiff and a company for an investment project based overseas.
Representing the government of Laos in a long-running dispute against two investors in the gaming and casino industry. This is the first investor-state arbitration ever commenced against the Laotian government.
AIA Singapore, Amara Hotel Properties, Berkshire Hathaway Specialty Insurance, Johnson & Johnson
Represented 3 Corporate Services against Grabtaxi Holdings, a Singapore based ride-sharing company, concerning breach of contract and cybersquatting issues.
Apex Energy International, Avant Garde Maritime Services, Lotte Global Logistics
Defended a former CFO of a Singaporean technology company listed on the SGX and its subsidiaries against 16 criminal charges.
Acted for the plaintiff in a claim against the Singaporean government over the title to a piece of land in Siglap presently known as the ‘Kubur Kassim’ cemetery.
Bunker House Petroleum, Evancarl
Acting for the Singapore-based commodities trading arm of a Chinese group in a series of Singapore court proceedings and arbitration proceedings before SIAC and HKIAC against China and Hong Kong-based trading companies. The disputes arose between the parties about compliance with payment terms and arrangements for shipment and storage of the cargo.
Acting for a Singaporean building and construction company in a claim against a law firm for loss of chance arising from the law firm’s professional negligence.
Defended Novellers against Btech Engineering alleging that Novellers unpaid invoices were issued under an oral agreement.
All the work highlights submitted by the firm are confidential. Please click on the firm name to read their Overview.
Represented minority shareholders of Klarity in a derivatives action to commence action on behalf of a company against its director.
Represented its clients, companies in the business of producing chemicals and ingredients used in flavours, fragrances, food, beverages and cosmetics, in a dispute where a senior-level employee was misappropriating the clients’ products worth $2.4 million.
Acting for the National Bank of Oman (NBO), one of the forefront Middle Eastern banks, in prosecuting a bank fraud claim in excess of $14 million.
Red Sea Marine Services, Shree Ramkrishna Exports, Simpson Marine (SEA)
Acting for a Japanese shipowner against the defendant in breach of trust by disrupting the client’s business, including closing down one of its bank accounts.
Acting for one of the largest logistics and petrochemical service providers in Southeast Asia in respect to a conspiracy claim and breach of fiduciary duties against several employees of a subsidiary.
International Energy Group, Pacific Distribution Investment, Poh Tiong Choon Logistics, Skuld P&I Club
Acting for British and Malayan Trustees concerning the law pertaining to trustee’s obligations in the event of a bond default. This case brought to the forefront the issue regarding the scope of a trustee’s duties and liabilities during a bond default.
Empire Capital Resources, World Fuel Services (Singapore)
Defended Stephen Wolfe, China country head of Macquarie Bank, in a suit against a Chinese State-Owned Enterprise (SOE) in the nascent Singapore International Commercial Court. The dispute was in respect of a commodity swap transaction arising from the ISDA master agreement and involved issues noted by the court to be ‘potentially of considerable significance to the derivatives market’.
Agri Asia Group, Polar Ventures Overseas, Triumphant Gold
Represented Prudential Assurance Company Singapore, one of the top life insurance companies in Singapore, against its former group financial services director, Peter Tan Shou Yi, for breach of contract and fiduciary duties in soliciting 244 of its tied agents and agency leaders in his agency organisation to join an independent financial advisory firm known as Aviva Financial Advisers. The departure of such a big number of financial advisers is one of the largest in Singapore in recent history.
Alfa Bank of Russia, B2C2, OUE Lippo Healthcare, Oxley Holdings, White Energy, Vedanta
Represented CSDS Aircraft Sales & Leasing in setting aside a default judgment concerning an alleged breach of contract for the sale and purchase of a Boeing-777.
D&R Asset Management Group, Dyna-Mac Engineering Services, Qilin World Capital, Zion Capital
Advised the independent panel of Aljunied-Hougang Town Council in a claim against the appointed members and elected members of parliament over alleged improper payments.
Advantage Overseas, China Star Food Group, Cougar Pacific, Pacific Fertility Institutes (Singapore)
Acted for UOB in its claims for fraud and conspiracy against Lippo Marina relating to UOB’s grant of mortgage loans amounting to S$181 million for the purchase of luxury condominium units at the Marina Collection at Sentosa Cove that was developed by Lippo Marina.
Acting for six plaintiffs in a $600 million trust dispute—one of the largest in Singapore—involving assets held in a circular structure of companies, with seemingly no natural persons having ownership of the companies.
Industries Chimiques du Senegal, Longmen Group, Nissan Motor, Querencia, Singapore Medical Council
Successfully defended Deutsche Bank in the largest private banking litigation in Singapore. This matter is one of the largest private bank claims before the Singapore courts.
Credit Suisse, EC Prime, Element Six Technologies, Sun Travels & Tours, The Republic of India
All the work highlights submitted by the firm are confidential. Please click on the firm name to read their Overview.
Acted for Singapore Shipping Association (SSA) and Association of Singapore Marine Industries (ASMI) in a patent revocation action against Hitachi.
Represented Teva Pharmaceutical Industries and Drug Houses of Australia (DHA) in a patent infringement case against Millennium Pharmaceuticals. This is the first successful case of striking out under the Health Product Registration Act.
Amgen Singapore, B. Braun Melsungen, Kao Corporation, Monster Energy, Olam International
Acted for Adidas International Marketing on trademark invalidation proceedings against a Taiwanese company, Lutong Enterprise.
Audi, Apple, Exxon Mobile Corporation, Facebook, Novartis, Qualcomm, Shell International
Advised A-STAR-Education Discovery Camps on a trademark opposition against Discovery Communications.
Assisted RenewFibre Asia, a sustainable and environmental-friendly product manufacturer, in trademark filings in Singapore and Indonesia.
Assisting Sanofi‐Aventis Singapore on investigating counterfeit pharmaceutical products in the Philippines and Indonesia.
Represented GS Yuasa Corporation on a trademark opposition case against a mark application attempted from South Korea.
Gromark Consumers Enterprise, Huawei Technologies, Kering, Zilingo
Defending Sunseap Group in two suits brought by Sun Electric for patent infringement.
Alila Hotels & Resorts, EW Cinemas, Kopitiam Investment, Public Utilities Board, Tiong Seng Holdings
Acted for Pu Tien Holdings in trademark registration, prosecution commercialisation and portfolio management matters.
Christopher Guy, Eliphant, Gray Tech International, Infocus Asia, Yitu
Ran an active anti-counterfeiting programme and trademark enforcement programme spanning multiple Asia-Pacific jurisdictions for the printer division of HP.
Acted for Siemens in the enforcement of its copyright in a proprietary 3D design software in Singapore.
Canon, Chanel, Delphi Technologies, Samsung, Sanofi
Acted for the formation and successful launch of Maiora Renewables Fund II, a Cayman Islands domiciled private equity fund, with a focus on alternative renewable energy projects predominantly in the Asia-Pacific region, in particular, solar power plants in Taiwan.
Acted for HSBC Institutional Trust Services (Singapore), trustee for CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT), in the proposed merger of CCT and CMT to form a diversified commercial real estate investment trust to be named CapitaLand Integrated Commercial Trust (CICT). The merger is expected to create the third-largest REIT in Asia-Pacific, and the largest REIT in Singapore, with a market capitalization of approximately S$16.8 billion.
CDL Hospitality Trusts, DBS Trustee, HSBC Institutional Trust Services (Singapore), Meilun Asset Management
Representing Shell Eastern Trading (SET) and Eric Lim Ming Way against its former commodities trader involving wrongful dismissal.
Acting for Borouge in defending a malicious prosecution claim commenced against it by a former employee.
Hello Health Group, Incubeta Holdings, MMI Asia
Advised a multinational corporation in the robotics industry on establishing an employee share trust.
Advised a multinational technology company on its transfer of an employee to a Singapore subsidiary.
Represented National University Hospital in defending a claim brought by an ex-employee for alleged unfair dismissal and defamation.
Representing UTI International Singapore and its key senior management in two suits commenced by a former employee who is seeking redress for alleged wrongful dismissal.
Beyond Trust Corporation, GroupM Singapore, JC Consulting, MBK Real Estate Asia, Ogilvy Singapore
Acted for Peter Tan in an S$2.5 billion claim by Prudential over alleged mass poaching of agents. Tan was a former senior financial services manager of the plaintiff, in charge of a group known as the Peter Tan Organisation, which comprised 500 agents and agency leaders of the plaintiff.
Entrepose, Ficofi Partners Holding, Marsh & McLennan, NTT Singapore
Acted for a Singapore telecommunications service provider in its series A funding in respect of a S$7 million investment from a British Virgin Islands (BVI) venture capitalist.
Acted for Gaw Capital Partners in the S$1.6 billion acquisition by a consortium, comprising Gaw Capital Partners and Allianz Real Estate, of the entire issued and paid-up share capital of Ophir-Rochor Commercial.
Arbor Ventures, Arch Capital Management, DWS Investments Singapore, Oneberry Technologies, Soneva Holdings
Advised a subsidiary of a major credit card company, which operates a large cross-border payments network servicing financial institutions, on the potential application of the Payments Services Act to its business in Singapore.
Advised one of the largest banks in Southeast Asia and its securities brokerage arm in relation to regulatory issues arising from the proposed transfer of the retail securities trading business of the brokerage to the bank and the possible methods of structuring the transfer.
Representing the Duniatex Group—and controlling shareholder and owner of the group Mr Sumitro—to obtain recognition of Indonesian PKPU orders (orders arising from insolvency proceedings) in Singapore under the UNCITRAL Model Law on cross-border insolvency.
Luke Furler AJ Capital, Power Solar System, Value Partners
Advised the Public Utilities Board (PUB) on the ongoing debt restructuring of Hyflux and its subsidiaries, including Tuaspring, which owns and operates the largest desalination plant in Singapore and Southeast Asia.
Acted for Ezion Holdings in its $1.6 billion debt restructuring in connection with an investment of $170 million by Malaysian offshore production and support services provider, Yinson Holdings.
Brightoil Petroleum, CVC Partners, Ezra Holdings, EMAS Offshore, Oceanus Group, Pacific Andes Resources Development, PricewaterhouseCoopers
Acting for Ascendas REIT, Singapore’s first and largest listed business space and industrial REIT, in its claims for over S$107 million against the Hyflux Group for its premature termination of long-term leases over two buildings, Hyflux Building and Hyflux Innovation Centre.
BRC Asia, DBS Trustee, First Abu Dhabi Bank PJSC (Singapore), Standard Chartered Bank (Singapore)
Represented the applicants in obtaining recognition of US bankruptcy proceedings in respect of Zetta Entities under Singapore’s insolvency model law. This was the first reported decision by the Singapore court on the newly adopted model law.
Acted for Asiatravel.com Holdings, and its subsidiary AT Reservation Network, in proposing a scheme of arrangement, and in the companies’ applications for super priority in rescue financing.
Agritrade International, Mencast Holdings
Acting for Empire Capital Resources, a guarantor of notes issued by Berau Capital Resources and Berau Energy, in filing for leave under section 210(10) of the Companies Act to convene a meeting of creditors to consider a proposed scheme of arrangement. This is the first time an application has been brought by the principal guarantor and not by the issuer of the notes.
Informal Steering Committee of Pacific Andes Resources Development
Advising Triumphant Gold, a Cayman Island venture capitalist fund, against the debtor company Rooftop Group International. The team successfully resisted several reliefs sought by the debtor company and its director in its Singapore high court application for cross-border recognition of ongoing Chapter 11 proceedings.
Advising on the $4 billion debt restructuring of Hin Leong group of companies, one of Asia’s biggest oil traders, involving more than 23 creditors from multiple jurisdictions.
H&C S Holdings, Jurong Aromatics Corp, Maybank, PSA Corporation, Ryobi Kiso Holdings, Shanghai Huaxin Group (Hong Kong)
Acting for the Wellness Group in resisting a winding-up application by a minority shareholder on just and equitable ground.
Represented CMC Singapore in obtaining Singapore court recognition of an Italian court-supervised rehabilitation process in respect of CMC Ravenna. The Singapore court granted the orders sought, including the restraint of all pending, contingent or fresh proceedings or any enforcement or execution against any of the assets, and a stay of all present proceedings against CMC Singapore.
Acting for one of the largest creditors in the judicial management of Swiber Holdings and Swiber Offshore Construction. This is one of the largest corporate insolvencies in Singapore.
Acting for Standard Chartered Bank (Singapore) in respect of insolvency proceedings relating to KrisEnergy.
Advising the unsecured working group of bank lenders—including BNP Paribas, Mizuho Bank, CTBC Bank and the Korea Development Bank—on the restructuring of S$900 million of the unsecured debt of water treatment company Hyflux.
Advising Mizuho Bank of Japan, Hyflux’s second largest creditor and the largest non-secured creditor, in Hyflux’s $2.2 billion restructuring.
Agritrade International, Hontop Energy (Singapore), JTC Corporation, New Target Investments, Pertamina Energy Services
Appointed as Asia Development Bank consultant to advise on tax administration in regard to digital taxation policies including SMEs, start-ups, mobile application developers, and the public to identify a gap and review the national implementation strategies of the digital taxation and digital transformation initiatives.
Advised a Fortune 500 semi-conductor equipment manufacturer on the implementation of various tax and trade incentives for the establishment and operation of its new global manufacturing facility in Malaysia.