Antitrust and competition: local firms in Singapore

Allen & Gledhill LLP

Allen & Gledhill LLP continues to be at the forefront of the region's largest mergers and acquistions. It recently acted as lead counsel to Grab Inc on its purchase of Uber’s South-East Asia assets, including coordinating antitrust strategies across ten countries. The team also handles merger control filings with the Competition and Consumer Commission of Singapore (CCCS),  investigations, and abuse of dominance matters. The practice is jointly headed by economics specialist Elsa Chen and Daren Shiau, who is 'a well-known figure' for antitrust litigation, international cartels, merger control and sectoral competition regimes. Scott Clements' practice spans representation in cartel cases, investigations and leniency filings made to the CCCS and non-contentious competition work.

Practice head(s):

Daren Shiau, Elsa Chen

Other key lawyers:

Scott Clements

Testimonials

‘Scott Clements. Knowledgeable, practical and client oriented.’

‘Daren Shiau is a well-known figure for contentious work in this field’

Work highlights

  • Acting as Singapore antitrust counsel on the $8.15bn sale of the real estate-related business of a major real estate holding group.
  • Advised a Singaporean-diversified conglomerate on the approximately S$1.2bn pre-conditional voluntary general offer for all the issued and paid up ordinary shares in the capital of a local telecoms operator.
  • Antitrust counsel and joint representative on the merger clearance application to the CCCS between two private equity companies.  
  • Advised on the proposed $17bn combination of two major European conglomerates in the transportation industry.  

Drew & Napier LLC

Led by the 'highly regarded' Lim Chong Kin and senior counsel Cavinder Bull, the competition team at Drew & Napier LLC is known for assisting clients with navigating multi-jurisdictional mergers and investigations by the CCCS. Kin is 'a safe pair of hands' for contentious matters and competition compliance, with key strengths in transaction reviews and guidance with the CCS and across the Asean region, while Bull is 'highly commended for his experience' guiding clients through investigations by Singaporean and foreign competition regulators. Corinne Chew acts on the filing of merger notifications to the CCS, leniency applications, dawn raid management and in defending against CCS investigations.

Practice head(s):

Lim Chong Kin

Other key lawyers:

Corinne Chew, Cavinder Bull

Testimonials

Corinne Chew is the one that holds up the competition practice and leads the team in terms of legal strategies and practical wisdom.’

 

Key clients

ComfortDelGro Corporation

Nichicon Singapore Pte. Ltd.

Deutsche Lufthansa AG and Singapore Airlines Limited

ADB BVBA and Safegate International AB

Info-communications Media Development Authority of Singapore

Work highlights

  • Advising ComfortDelGro Corporation on its notification to the CCS of its acquisition of a 51% share in Lion City Holdings Pte. Ltd. from Uber Technologies.
  • Assisting a large multinational corporation with a market inquiry by the CCCS into the downstream petrol market in Singapore.
  • Advising Sinmah Poultry Processing on its rights and obligations under the Competition Act, following a CCS investigation against 13 fresh chicken distributors for allegedly engaging in anti-competitive agreements to coordinate the amount and timing of price increases.

Rajah & Tann Singapore LLP

Rajah & Tann Singapore LLP is active across the full spectrum of competition merger clearances, including in an increasing number of multi-jurisdictional merger control reviews. Its team supports clients in investigations, and leniency and abuse of dominance matters. Kala Anandarajah leads 'a very capable team', which includes Dominique Lombardi, who is experienced in EU and Asean competition regimes, and Tanya Tang.

Practice head(s):

Kala Anandarajah

Other key lawyers:

Dominique Lombardi; Tanya Tang

Testimonials

Very strong knowledge of antitrust laws in Singapore and the region. Gives commercial advice and analyses legal issues in a concise manner. Very quick to respond to email queries and friendly and polite at all times.’

‘Kala Anandarajah and Dominique Lombardi are both very knowledgeable and hands on.’

Key clients

DKSH

Coca-Cola

Toh Thye San Farm

Network for Electronic Transfers (Singapore) Pte Ltd

Essilor International

Luxottica

Work highlights

  • Joint Singapore counsel to Essilor and Luxottica on their worldwide merger, including notification to the CCCS.
  • Advised Drew Marine Group Coöperatief U.A. and Drew Marine Partners on their worldwide merger and notification to the CCCS.
  • Assisted DKSH Holdings, a distributor of packaged food and beverages, with notifying the CCCS of its proposed acquisition of Auric Pacific Marketing and Centurion Marketing.

Baker McKenzie Wong & Leow

Baker McKenzie Wong & Leow utilises its global platform and collective experience in cross-border matters, with strong capabilities in Singapore and Chinese law matters. Merger control work relating to inbound and outbound investments is a key area of activity, as are competition disputes and investigations by domestic and foreign regulating authorities.  Key partner Ken Chia is of note for abuse of dominance and cartel investigations. Melissa Healy left the practice in June 2019.

Practice head(s):

Ken Chia

Key clients

Press Metal Bintulu Sdn. Bhd.

Dyson Ltd

Niche Generics Limited and Unichem Laboratories Limited

Agfa Graphics Asia Limited

Work highlights

  • Advising Press Metal Bintulu on its acquisition of a 50% stake in Japan Alumina Associates (Australia) Pty. Ltd. from Sojitz Corporation.
  • Acted for Agfa Graphics, through the FenXun Joint Operation, on securing unconditional Chinese merger control approval for the establishment of a strategic alliance between Agfa and Chinese pre-press equipment supplier Lucky HuaGuang Graphics.

Dentons Rodyk & Davidson LLP

The competition practice at Dentons Rodyk, which is jointly headed by Gerald Singham and Ajinderpal Singh, is best known for its involvement in leading cartel investigations, having recently represented Tong Huat Group, one of 13 fresh chicken suppliers that were investigated by CCCS for price fixing activities. Singham assists with all aspects of competition law including handling investigations, merger assessments and notifications and regulatory compliance. Singh has extensive experience of international cartel investigations, particularly representing multinational companies with a presence in the US, Europe and Japan.

Practice head(s):

Gerald Singham, Ajinderpal Singh

Key clients

Panasonic Corporation

Tong Huat Group

Singapore Poultry Hub Pte. Ltd.

Far East Hospitality Management (S) Pte. Ltd. (in respect of the hotel industry)

Work highlights

  • Represented Tong Huat Group in a major CCCS investigation relating to market share and price fixing in the supply of fresh chicken products, and successfully argued for a significant reduction to the financial penalties imposed.
  • Acted for the shareholders of Singapore Poultry Hub on obtaining a favourable decision from the CCCS for the formation of Singapore’s first-ever poultry slaughtering hub.
  • Acted for Panasonic Corporation as its Singapore counsel in its leniency application to the CCCS concerning the supply and distribution of capacitors, following an investigation into alleged price fixing concerning the supply of aluminium capacitors.
  • Represented Far East Hospitality Management in a CCCS investigation relating to the exchange of commercially sensitive price-related information concerning corporate customers of certain hotels.

WongPartnership LLP

WongPartnership LLP is highly active in multi-jurisdictional cartel and merger-related work; recent mandates include advising Luxottica Group on its merger with Essilor International and assisting CapitaLand with its proposal to acquire the Ascendas-Singbridge group of companies controlled by Temasek Holdings, in a deal valued at $11bn. Ameera Ashraf and Jia Hui Chan specialise in cartels and leniency, mergers, restrictive practices and abuse of dominance matters.

Practice head(s):

Ameera Ashraf

Other key lawyers:

Jai Hui Chan

Key clients

Luxottica Group S.p.A

Singapore Chemi-Con Pte. Ltd.

Uber Singapore Technologies Pte Ltd

Japan Pulp & Paper

Intercontinental Hotels

CapitaLand Ltd

Work highlights

  • Assisted Japan Pulp and Paper Company Limited with the notification of its proposed acquisition of Spicers Paper (Singapore) Pte Ltd  to the Competition and Consumer Commission of Singapore
  • Acting for Uber Technologies Singapore in its appeal against the decision of the CCCS, finding that the merger with Grab Inc. infringed the law. The case is the first appeal made in respect of a merger decision by the CCCS in Singapore.
  • Advised Luxottica Group S.p.A. on the successful clearance of phase 2 of the merger control filing of the proposed multibillion-dollar merger between Luxottica and Essilor International (Compagnie Generale d’Optique).
  • Advising CapitaLand Ltd on the merger control and regulatory aspects of its proposal to acquire the Ascendas-Singbridge group of companies controlled by Temasek Holdings (Private) Limited, in a deal valued approximately at $11bn.