Duane Morris & Selvam

The firm welcomed special counsel and energy and infrastructure specialist Priyank Srivastava from Allen & Gledhill Myanmar during the research period. 

General Business Law 

Work highlights 

Assisted Inter-Continental Hotels Group on all aspects of market entry into Myanmar, including establishment of a service company, bank accounts, employment advice, commercial tax registration and the team negotiated with the Directorate of Investment and Company Administration for expedited incorporation.  

Advised HD Saison with the structuring advice and due diligence for its acquisition of the Myanmar microfinance division of the Bank for Investment Development Vietnam.  

Advised Oil India on the liquidation of its Myanmar branch, including undertaking all liquidation activities and Myanmar Court procedures.  

Acted for Thai Takenaka International, an engineering and construction services company, with the preparation of bespoke project documentation for use in all its EPC and large construction projects in the country.  

Key clients 

SAP, Muang Thai Life Insurance, World Child Cancer 

Client feedback 

“We were overall satisfied with the work delivered by the firm. All the objectives were achieved and communication was always on a professional level.” - Technology and telecommunications 

 “Very professional with great communication.” - Banking and finance 

 “They have been great to work with. They are extremely diligent and helpful.” - Regulatory 

 “Excellent.” - Corporate and M&A  

Duane Morris & Selvam has experienced growth in Chinese and Indonesian corporate client base with the addition of two experienced lawyers, Mark Wong and Gerard Hekker, to the team. The firm has responded to an increasing demand from clients for regulatory and corporate advice relating to blockchain technology and initial coin offerings (ICO).

Capital markets

Work highlights

Advised on the President of India’s sale of shares in Housing and Urban Development Corporation (HUDCO) in an IPO and concurrent private placements outside India for approximately $188 million.

Acted as the sole international legal counsel on Bajaj Finance’s sale of approximately $703 million of its shares in a qualified institutions placement (QIP), including a concurrent private placement to qualified institutional buyers in the United States. The issue was one of the largest QIPs in India in 2017.

Key clients

Axis Capital, Edelweiss Financial Services, ICICI Securities, IIFL Holdings, JM Financial, SBI Capital Markets

Corporate and M&A

Work highlights

Represented Protelindo, the largest independent owner and operator of wireless infrastructure in Indonesia, as international counsel in connection with its acquisition of PT Komet Infra Nusantara.

Advised Red Dot Power in relation to a research collaboration agreement with Singapore Power and Energy Market Authority of Singapore (EMA) in relation to a Vanadium Redox-Flow battery energy storage system (ESS) test bed in order to optimise the efficiency of clean energy – the first in Singapore.

Key clients

Aureus Group, Circles Asia, Entoria Energy, Korea Development Bank, Oil India, PetroChina International (Singapore), Samsung Reinsurance

Client feedback

“Excellent and prompt response, commercially savvy advice.” – Corporate and M&A

“Actively listen and understand all parties' point of views in the business/project. Displays patience when explaining the consequences of the insertion/deletion of various clauses. Provides sound and practical analysis of the situation, especially when the negotiation is in a state of impasse.” – Banking and finance, Labour and employment, Regulatory

“DMS was outstanding. Their legal work was second to none. All lawyers assigned were terrific. Highly knowledgeable, efficient and diligent.” - Corporate and M&A, Regulatory

“Impressive handling skills. Excellent negotiator too, and in spotting legal issues” - Babita Ambekar

“Perfect. Outstanding in all areas.” - Krishna Ramachandra

“He is commercially savvy and practical lawyer and excellent with clients.” - Mark Wong