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Editorial

PHEIM LOSES APPEAL AGAINST MARKET MANIPULATION RULING

Tan Chong Koay & Anor v Monetary Authority of Singapore [2011] SGCA 36

In September 2010, the Singapore High Court ruled that Tan Chong Koay (β€œTan”) and Pheim Asset Management Sdn Bhd (β€œPheim Malaysia”) had contravened section 197(1)(b) of the Securities and Futures Act (β€œSFA”) by trading with the intention of creating a false or misleading appearance in the price of certain securities.

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About Drew & Napier LLC

Established in 1889, Drew & Napier LLC is one of Singapore's leading and largest law firms, with over 250 lawyers and fee-earners. Consistently rated top tier in dispute resolution over the years by international ranking organisations such as Asia Pacific Legal 500, Chambers Global, Practical Law Company, Best Lawyers and Asia Law, the firm has 7 Senior Counsel. The firm is headed by chief executive officer, Davinder Singh, Senior Counsel. Drew & Napier LLC is also rated top tier in Corporate Insolvency & Restructuring, Intellectual Property (Patents and Trademarks), Competition & Antitrust, Telecommunications, Media & Technology and Tax, with market leading practices in Mergers & Acquisitions, Corporate Finance, and Admiralty & Shipping. For more information, please visit www.drewnapier.com

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Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

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