Firms To Watch: Banking and finance: local firms

The arrival of Pearl Lim and Chan Wai Chong from Withers KhattarWong LLP in January 2021 strengthened Harry Elias Partnership‘s banking and finance group, which is now well positioned to act for banks, companies, fintech and funds in domestic and cross-border transactions.
Boutique law firm Legal Ink LLC, which has traditionally focused on private clients and dispute resolution, strengthened its banking and finance offering in the past year with the addition of Gerard Ng, former practice head at Eversheds Harry Elias LLP, financial services regulatory expert Ow Kim Kit and counsel Yap Teck Chai from Bird & Bird ATMD LLP.

Banking and finance: local firms in Singapore

Allen & Gledhill LLP

A ‘pre-eminent player in the Singapore marketAllen & Gledhill LLP ‘is renowned for being the go-to firm for landmark transactions‘. Banking and finance work is a mainstay of the firm, which is retained by financial institutions, corporates, private equity and sovereign wealth funds in the gamut of financing mandates, ranging from bilateral loan facilities to complex structured products involving multiple parties in Singapore and across the region. The team, which works closely with the energy, infrastructure and projects practice, is also proficient is project finance, and showcases particular strength in lending matters within the real estate sector. Noted for being ‘at the forefront of industry trends and developments’, the group has been increasingly advising on green loans and sustainability-linked credit facilities. Mark Hudspeth, a key contact for both lenders and major corporate borrowers, handles syndicated loans, acquisition financings and debt restructuring. He oversees the banking and finance department with project finance specialist Kok Chee Wai, who also manages the financial services group. Lim Wei Ting is ‘an industry-leading practitioner who provides valuable perceptive advice’ in the fields of real estate finance, investment grade acquisition finance and takeovers, to name a few. Aloysius Ng is another noteworthy practitioner, who focuses on domestic and cross-border financing transactions.

Practice head(s):

Mark Hudspeth; Kok Chee Wai

Testimonials

‘Leading firm with well-established and wide scope of practice areas. The team is at the forefront of industry trends and developments and is renowned for being the go-to firm for landmark transactions.’

‘Partner Lim Wei Ting is an outstanding counsel with unique combination of sharp legal mind and astute understanding of commercial considerations. Profoundly impressed with his rigorous analysis and comprehensive consideration of issues. An industry-leading practitioner who provides valuable perceptive advice. Possesses strong work ethic.’

‘Efficient, precise, able to advise and provide solutions, prompt turnaround, responsive / adhere to timelines.’

‘Key lawyers that made the difference :  Mark Hudspeth, Lim Wei Ting and Aloysius Ng.’

‘Arguably the most pre-eminent player in the Singapore market. The team is dynamic with a strong penchant for distilling legal considerations into commercial decision points especially vis-a-vis their other competitors.’

‘Our go-to partner in A&G is Lim Wei Ting. We value his ability to think quickly on his feet and sound advice based on his understanding of the underlying issues / considerations. He is always available for discussions and provides good turnaround time for his engagements.’

Work highlights

  • Advised DBS Bank Ltd. and United Overseas Bank Limited on the S$6.45bn term loan facility to CLA Real Estate Holdings Pte. Ltd.
  • Advised DBS Bank Ltd., United Overseas Bank Limited and Sumitomo MitsuiBanking Corporation Singapore Branch, as mandated lead arrangers and bookrunners, on the S$1.8bn term loan facility to Boulevard View Pte. Ltd. to finance its acquisition of the Marina View white site located in Singapore’s Central Business District.
  • Advised ARA Asset Management Limited on the US$1bn facility agreement with DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, Sumitomo Mitsui Banking Corporation Singapore Branch, Malayan Banking Berhad, Singapore Branch, The Bank of EastAsia, Limited, Singapore Branch and Crédit Agricole Corporate and Investment Bank.

Rajah & Tann Singapore LLP

At Rajah & Tann Singapore LLP, the banking and finance team provides advice that ‘is practical and solutions-oriented.’ Practitioners are seasoned in complex and high-value transactions across a variety of industries, and skilled at handling the full array of financing deals, ranging from real estate finance to syndicated lending, acquisition financing, Islamic finance, and sustainability-linked credit facilities. Acting for sponsors and lenders in the financing of renewable energy projects is another area of expertise for the group, which ‘is well versed in regional transactions throughout APAC.’ Dual qualified partner Angela Lim, who regularly advises on leveraged financing, greenfield project finance and debt restructuring in the region, jointly heads up the group with NG Sey Ming, another name to note for cross-border banking matters, including project, real estate and acquisition finance. Other key individuals include Lee Weilin, who is a trusted advisor for property funds, REITs and corporate financings, banking and capital markets partners Lee Xin Mei and Cheryl Tan, and Mei Shi Ho, who is proficient in REIT financing transactions and green loans.

Practice head(s):

Angela Lim; Ng Sey Ming

Other key lawyers:

Lee Weilin; Lee Xin Mei; Cheryl Tan; Ho Mei Shi

Testimonials

‘Extremely responsive and reliable. Advice is practical and solutions-oriented.’

‘The team is well versed in regional transactions throughout APAC.’

‘Sey Ming is responsive with good solution based advice provided. His understanding of client’s position is articulated in a clear and concise manner without overcomplicating matters.’

‘Speed, excellent understanding of market, highly diligent and strong expertise.’

‘Lee Weilin is very personable, a strong negotiator, has an excellent understanding of market, and is highly diligent.’

Key clients

Sunseap Group Pte. Ltd.

BPH Propco LLP

OUE Commercial Real Estate Investment Trust

Citigroup Global Markets Singapore Pte. Ltd.

BOFA Securities, Inc.

BS Bank Ltd.

Malayan Banking Berhad

Oversea-Chinese Banking Corporation Limited

United Overseas Bank Limited

CIMB Banking Berhad

Caterpillar Financial Services Asia Pte Ltd

TML Holdings Pte. Ltd.

China Maple Leaf Educational Systems Limited

RHB Bank Berhad, Singapore branch

Work highlights

  • Advised Sunseap Group Pte Ltd, a special purpose vehicle in connection with a S$86.8m green loan from DBS Bank Ltd. and United Overseas Bank Limited.
  • Assisted Citigroup Global Markets Singapore Pte. Ltd., BOFA Securities, Inc., andDBS Bank Ltd. in relation to credit financing by way of multicurrency syndicated senior unsecured term loan facilities, revolving loan facilities, letter of credit facilities andnswingline loan facilities extended to Digital Core REIT, and other groupbaffiliates of the USA data centre real estate trust, Digital Realty Trust Inc.
  • Acted for BPH Propco LLP  in relation to term and revolving facilities in an aggregate amount of S$633.8m arranged by DBS Bank Ltd.,Oversea-Chinese Banking Corporation Limited and MUFG Bank, Ltd., for the purpose of financing BPH Propco LLP’s acquisition of OUE Bayfront.

Shook Lin & Bok LLP

Shook Lin & Bok LLP ‘has a strong team of knowledgeable, professional, reliable and friendly lawyers’ dedicated to banking and finance matters in Singapore and throughout region. With strong credentials in landmark banking deals, including acquisition finance, green loans, private equity finance, structured lending, REIT-related transactions and trade and commodity financings, the group acts for an impressive roster of lenders, including banks and other major financial institutions. Department head Liew Kai Zee has a wealth of experience in cross-border acquisition and structured finance, and is the counsel of choice for several corporate borrowers and financiers. Bilateral and syndicated loans as well as project and asset finance are core areas of activity for Stanley Lim. Zhi Ming Tan is singled out for his knowledge of property development and project finance, while Aditi Mathur stands out in the field of sustainability-linked credit facilities. Bryan Chang, Clement Khoo and Paul Goh, all of whom are engaged in domestic and cross-border banking and finance mandates, are other noteworthy individuals.

Practice head(s):

Liew Kai Zee

Other key lawyers:

Stanley Lim; Marilyn See; Pok Eu Jin; Zhi Ming Tan; Aditi Mathur; Bryan Chang; Clement Khoo; Paul Goh

Testimonials

‘A client-focused firm; responsive and able to support the client at any time.’

‘We have worked with Bryan Chang on quite a few transactions – he is responsive and provides sound legal advice. He is able to draw on his experience in the market to provide his perspective on the commercial aspects of a transaction.’

‘The team is experienced and is able to cite examples on the risk of transactions. The team is able to complete the required legal works despite the tight deadline given at times.’

‘The team explains the legal implications that I may want to consider and the possible multiple outcomes that may arise.’

‘They are professional, approachable and able to provide their viewpoints from a legal perspective to aid clients’ consideration and decision-making process.’

‘Shook Lin & Bok has a strong team of knowledgeable, professional, reliable and friendly lawyers. They act in the client’s best interests and provide advice on implications of transactions. Partners like Liew Kai Zee, Tan Zhi Ming, Paul Goh, despite their busy schedules, attend to our queries promptly and patiently.’

Work highlights

  • Acting as lead counsel for DBS Bank Ltd. in the S$115m green loan facility for Hyundai Motor GroupInnovation Center in Singapore Pte Ltd.
  • Acting as lead counsel for DBS Bank Ltd in the US$200m sustainability-linked financing for FormosaHa Tinh.
  • Acted for HSBC in relation to fintech banking facilities extended to Carro Leasing Pte Ltd and its parent company.

WongPartnership LLP

Acting for a balanced mix of corporations, banks and financial institutions, WongPartnership LLP has an excellent borrower and lender perspective of market practice and relevant precedents. The firm fields a ‘top-notch’ banking and finance practice that ‘provides reliable, excellent and valuable advice to clients’ in relation to the entire spectrum of financing transactions, including acquisition finance, green loans, sustainability-linked facilities and real estate financing matters. Susan Wong, whose expertise covers debt-related transactions including project, real estate, acquisition, asset and Islamic financing, spearheads the financial services group. Project finance, property development loans and debt restructuring are among Alvin Chia‘s key specialisms, while Christy Lim is a ‘go-to banking lawyer’ for structured and leveraged finance. Bernadette Tan focuses on financing deals in the real estate, REITs and business trusts spaces.

Practice head(s):

Susan Wong

Other key lawyers:

Alvin Chia; Christy Lim; Felix Lee; Bernardette Tan; Clarence Kang

Testimonials

‘The Banking and Finance Practice is top-notch and provides reliable, excellent and valuable advice to clients.’

‘Susan Wong and her team are client-oriented and can be trusted to deliver a good piece of work on time. Their advice is always on point, which makes them a team that you would want  to act on your behalf. Susan is a good mentor which results in the formation of a cohesive and impeccable team that you can rely upon.’

‘In-depth knowledge of the way the client does business and its preferences.’

‘Strong relationship with client. Partners are very accommodating and have a strong desire to help the client achieve their commercial intent and to protect their interests.’

‘Detailed and comprehensive in analysis of subject matter and ability to look critically at the consequential impacts of clients’ decisions and course of action. Strong support on documentation. Able to tap on different functional areas of expertise for knowledge.’

‘Efficiency, stemming from proficiency, good partner-level supervision and oversight, good use of associates and resources- responsiveness and quick turnaround of high quality documents.’

‘Christy Lim is my personal go-to banking lawyer. She is highly efficient and able to focus on, highlight and provide sound advice on key issues. Overall, she makes the transaction fuss free for the client, and dealing with her and her team is always a pleasant experience.’

‘Christy Lim is extremely sharp and knowledgeable. Makes clients feel they are in a safe pair of hands when she is representing them. Commercially savvy and able to suggest viable solutions that enable the deal to progress yet protecting her clients’ interests. Would highly recommend her to anyone requiring advice on banking / finance transactions.’

Key clients

Far East Organization

GuocoLand Limited

ARA Asset Management Limited

Lendlease Group

ESR Funds Management (S) Limited

Frasers Property Limited

Frasers Logistics & Industrial Trust

CIMB Bank Berhad

BNP Paribas

Ascendas Group

DBS Bank Ltd.

Standard Chartered Bank

Parkway Holdings

United Overseas Bank Limited

UOL Group Limited

Australia and New Zealand Banking Group Limited

Oversea-Chinese Banking Corporation Limited

Temasek Holdings (Private) Limited

City Developments Limited

Perennial Real Estate Holdings Pte. Ltd.

Bank of China Limited, Singapore Branch

China CITIC Bank International Limited, Singapore Branch

Work highlights

  • Acted as transaction counsel to the mandated lead arrangers and groups of lenders in theextension of facilities totalling US$5.2 billion to the Olam group in connection with therefinancing of the group’s existing financial indebtedness and financing of the group’s generalcorporate funding requirements and to facilitate their reorganisation plans.
  • Acted for the syndicate of lenders led by DBS Bank Ltd., Oversea-Chinese BankingCorporation Limited and Sumitomo Mitsui Banking Corporation Singapore Branch as arrangersand sustainability advisors in ARA Asset Management Limited’s US$1 billion syndicatedsustainability-linked loan.
  • Acted for Jurong Port Pte. Ltd., MAIF Investments Singapore Pte. Ltd. and PetrochinaInternational (Singapore) Pte. Ltd. in a S$1.5 billion financing for the purpose of acquiringUniversal Terminal, a petroleum storage terminal, from Lim Hin Leong’s family.

Dentons Rodyk

The banking and finance practice at Dentons Rodyk is best known for its capabilities in real estate finance, where it attracts both borrower and lender-side mandates. Doreen Sim, who is a reference in this field, manages the department which offers additional expertise in the energy and natural resources sectors. Typical mandates range from project, structured and leveraged finance to debt restructuring, syndicated lending and Islamic finance. Joo Thye Tan acts for financial institutions and corporates in financing deals in the trade, commodity, infrastructure, real estate and energy spaces. Dawn Tong‘s practice covers banking and financial regulatory requirements, as well as all aspects of loan and debt transactions.

Practice head(s):

Doreen Sim

Other key lawyers:

Joo Thye Tan; Jonathan Guwe; Dawn Tong

Key clients

OCBC

CIMB

UOB

DBS

CLSA Capital Partners Ltd

HSBC

Maybank

Singapore American School

THSC Investments Pte. Ltd.

Starcrest Capital Partners

Citibank, N.A., Singapore Branch

Hotel Properties Limited

Work highlights

  • Dentons Rodyk acted for UOB, DBS, SMBC, HSBC, Bank of China, Hong Leong Finance, Maybank and CNPC and a syndicate of lenders in the syndicated financing to Jurong Port Universal Terminal Pte. Ltd. to finance the acquisition of Universal Terminal together with the storage tanks, plant, machinery, equipment and jetty facilities thereon.
  • Our ultimate client is the Lending Ark, the Asian structured finance arm of top investment bank CLSA/CITIC. The matter was unique and ground-breaking because it involved Clients using a Singapore variable capital company (VCC) as the investment entity to finance an Indonesian finance company (“FI”). The sub-fund was created in an existing VCC.|
  • Dentons Rodyk acted as lead counsel to OCBC and CIMB and a syndicate of lenders in the financing to the First Real Estate Investment Trust to restructure its existing loans secured on various Singapore and Indonesian hospitals/medical facilities. |

Drew & Napier LLC

Rated for its ‘technical knowledge‘, Drew & Napier LLC is especially prolific in project, acquisition, real estate and construction financing. Its broad service coverage also includes banking advisory and regulatory matters, as well as debt restructuring and assistance with LIBOR transition. Several local banks, offshore financial institutions, and multinational corporations turn to the team for advice on the gamut of loan and credit transactions. Practice leader Pauline Chong ‘provides sound advice in the context of complex situations‘, including bilateral and syndicated loan facilities to borrowers from the Asia Pacific region. Benedict Teo, who focuses on contentious matters, is widely recommended by clients. Renu Menon and Lau Sok Hiang, the latter of whom specialises in real estate matters, are other names to note.

Practice head(s):

Pauline Chong

Other key lawyers:

Renu Menon; Benedict Teo; Lau Sok Hiang; Eleanor Pang

Testimonials

‘In a firm of so many stars, one can sometimes overlook lawyers but Ben is one that should not be missed. He is extremely effective, and that is what you need in a litigator – someone who just gets results. He is also a good communicator, respectful in billing, and very bright.’

‘Good technical knowledge and up-to-date with latest developments.’

‘Pauline Chong – Responsive and able to understand client’s needs.’

‘Benedict Teo has a good team of lawyers who provide commercially driven legal advice.’

‘A leading corporate law firm; experienced with in-depth knowledge; highly professional in their dealings. The firm provides a full suite of services and is able to meet the diverse needs of their clients.’

‘Pauline Chong is well experienced, efficient and knowledgeable. She provides sound advice in the context of complex situations. A highly responsive and responsible individual.’

‘I worked with the Banking Litigation team. Good points: Knowledge, experience, client management, case handling and strategy, detailed and meticulous work.’

Key clients

United Overseas Bank Limited

DBS Bank Ltd

Standard Chartered Bank

Far East Organization Centre Pte Ltd

CIMB Bank Berhad, Singapore Branch

Guthrie GTS Pte Ltd

Tuan Sing Holdings Limited

Overseas Union Enterprise Limited

Bank of China Limited, Singapore Branch

Bank of China (Hong Kong) Limited

Industrial and Commercial Bank of China, Singapore Branch

COSCO SHIPPING International (Singapore) Co., Ltd

The Bank of East Asia Limited, Singapore Branch

Meinhardt Group International Limited and Meinhardt (Singapore) Pte Ltd

Hotel Properties Limited

CWT Pte Limited

Credit Industriel et Commercial, Singapore Branch

KrisEnergy Ltd

Overseas-Chinese Banking Corporation Limited

Bank of Singapore Limited

Citibank N.A.

ABN AMRO Bank N.V.

UBS AG

Bank J. Safra Sarasin Singapore

Qatar National Bank (Q.P.S.C)

Mizuho Bank, Ltd.

VP Bank Ltd

Woori Bank Ltd

Work highlights

  • Advising Heliconia Capital Management Pte Ltd on the restructuring of, and investment into, Pacific International Lines, which is Singapore’s largest container shipping line and 12th largest in the world.
  • Advising Pacific Radiance Limited and its subsidiaries on the restructuring of its total debt of approximately S$645m debt restructuring.
  • Advises KrisEnergy Ltd and where possible its subsidiaries on the restructuring of the group.

TSMP Law Corporation

TSMP Law Corporation has strong relationships with several domestic and international financial institutions and corporates, and on the transactional front is especially strong in corporate real estate financing. Its diverse market perspective make it a frequent choice for both borrowers and lenders in the context of syndicated lending, debt restructuring, refinancings and acquisition finance. The team is jointly led by two multifaceted partners: Jennifer Chia, whose experience cuts across banking and finance, real estate, private wealth, compliance and regulatory matters, and corporate and finance specialist June Ho, who regularly advises on ship financing, and syndicated loans.

Practice head(s):

Jennifer Chia; June Ho

Testimonials

‘A well resourced team that works very hard to meet deadlines, and provides top-notch advice.’

‘Jennifer Chia is at the top of her game. She is very knowledgeable and very on the ball. She is our go-to partner for Singapore law finance advice.’

Key clients

INEOS US Finance LLC

China Construction Bank Singapore Branch

Clifford Capital

Credit Guarantee and Investment Facility

K2 HealthVentures

Nordea Bank Abp, filial i Norge

DBS Bank Ltd.

Work highlights

  • Assisted Slaughter and May as counsels to the INEOS Group in the review and negotiations of documents which are governed under Singapore law and/or entered into by the Singapore subsidiaries of the INEOS group, in the context of INEOS Finance’s new €1.08bn dollar- and euro-denominated term loans.
  • Acted for China Construction Bank Singapore Branch in relation to a syndicated loan of up to US$300m to Halcyon Agri Corporation Limited.
  • Acted as Singapore counsel to Clifford Capital in relation to US$100m super senior revolving credit facility granted by Clifford Capital to Floatel, secured by ship mortgages over Floatel’s vessels, share pledges over Floatel’s various subsidiaries and floating charges.

Virtus Law LLP

Able to resource matters relying on expertise from its formal alliance with Stephenson Harwood should the need arise, Virtus Law LLP provides Singapore law advice on both domestic and cross-border banking and finance mandates, encompassing acquisition, project, and asset finance. The latter is a true specialism for the team, which is skilled at acting for financial institutions, corporations, funds, and sponsors in a variety of shipping, offshore, and aviation financing transactions, as well as restructuring and insolvency matters. Colin Jarraw, whose traditional focus on maritime finance has recently expanded into other fields of banking law, manages the group, which also features Jason Yang, noted for his knowledge of sale and leaseback transactions and insolvencies.

Practice head(s):

Colin Jarraw

Other key lawyers:

Jason Yang

Key clients

Standard Chartered Bank

ING Bank N.V., Singapore Branch

ABN AMRO Bank

Skandinaviska Enskilda Banken AB

Nordea Bank

National Bank of Greece

Vitol

National Bank of Fujairah

Dental Innovation Investment A BV

Work highlights

  • Advised ABN AMRO Bank, in its role as agent, on an approximately US$200m senior secured multi-currency revolving and term loan to the Peacock Container Group.
  • Assisted National Bank of Greece in a US$125mn secured loan facility deal with Star Bulk Carriers Corp.
  • Advised Nordea Bank on a secured loan facility to part finance three vessels acquired by BW Epic Kosan.

Withers KhattarWong LLP

Showcasing a strong track record in domestic and cross-border lending, Withers KhattarWong LLP‘s banking and finance group is particularly well versed in the financing for property acquisitions and development in Singapore and abroad, acting on behalf of lenders and borrowers. Project finance is another strong point for the practice, which works in close collaboration with the restructuring and insolvency teams in the context of distressed debt transactions. Guan Feng Chen, who possesses over two decades’ experience in multijurisdictional financings and debt restructurings, handles an array of deals in Asia, with a particular emphasis on Indonesia and Malaysia, besides Singapore. Lenders and borrowers routinely turn to Kenneth Szeto, who is singled out for his ‘strong knowledge of banking and finance matters, particularly property financing.’ Consultant Agatha Lee advises a host of banks and financial institutions on general banking issues, as well as secured and unsecured financing.

Practice head(s):

Guan Feng Chen

Other key lawyers:

Kenneth Szeto; Agatha Lee

Testimonials

‘Kenneth Szeto offers innovative solutions to problems and has a strong knowledge of banking and finance matters, particularly property financing.’

Key clients

TuasOne Pte. Ltd.

HSBC NoIndies

UOB

RHB Bank Berhad

OCBC

UOB Kay Hian Pte. Ltd.

DBS Bank Ltd

Malayan Banking Berhad

Standard Chartered Bank

China CITIC Bank International

CIMB Bank Berhad

MAH

Accial Capital Management Ltd

Everstone Capital Asia Pte Ltd

Work highlights

  • Advised China CITIC Bank International as documentation agent in a cross-border loan to APRIL International Enterprise Pte Ltd.
  • Representing TuasOne Pte Ltd in the restructuring of the over S$600m project financing facilities to finance the project costs and working capital of Singapore’s largest waste-to-energy plant.
  • Advised CIMB Bank Berhad as lender in a cross-border loan to Hanbaobao Pte Ltd., which is the owner of the McDonald’s franchise in Singapore.

Asia Practice LLC

Aviation, trade and receivables finance are core areas of strength for corporate finance player Asia Practice LLC, who is primarily retained by banks and financial institutions. The practice, which is also engaged in financing transactions within the real estate sector, is under the joint leadership of three practitioners. Leon Low brings together experience in project, real estate and cross-border asset finance, the latter of which is a core area of focus for Jonathan Tan and Chien Herr Lee.

Practice head(s):

Leon Low; Jonathan Tan; Chien Herr Lee

CNPLaw LLP

CNPLaw LLP has a versatile banking and finance practice, which is as comfortable in acquisition, project and corporate financings as it is in specialised areas such as asset finance and debt restructuring. Practice head Quek Li Fei has a strong pedigree for acting for lenders and borrowers in domestic and cross-border financing mandates; he has additional expertise in blockchain and cryptocurrency issues. Banks, financial institutions, investment funds and corporate borrowers also turn to English law qualified Bill Jamieson, Pei-Ling Wong  and Wee Siong Low for assistance in a variety of lending transactions.

Practice head(s):

Quek Li Fei

Other key lawyers:

Bill Jamieson; Pei-Ling Wong; Wee Siong Low

Key clients

Beng Kuang Marine Limited

Helmsman LLC

Helmsman LLC fields ‘true Singapore law specialists in commodities and shipping’ who are routinely engaged by corporate borrowers, banks and financial institutions in an array of cross-border financing matters. The team showcases extensive knowledge of commodity and energy sectors in Southeast Asia and the wider Asia Pacific region, and is well placed to assist with trade, energy, ship and commodity finance mandates. Lynette Koh, who leads the corporate, banking and finance practice, is knowledgeable of derivatives and structured products. Jonathan Tan ‘is highly responsive, intuitive and understands the needs of clients’.

Practice head(s):

Lynette Koh; Jonathan Tan

Testimonials

‘They are true Singapore law specialists in commodities and shipping. We have not found this depth of experience elsewhere. They also work hard with us on meeting client’s budgets.’

‘Jonathan Tan is highly responsive, intuitive and understands the needs of clients.’

Key clients

Trafigura Pte Ltd

Oriental Energy (Singapore) International Trading Pte Ltd

Keegan Shipping Holdings Pte. Ltd.

South32 Marketing Pte Ltd

DP World

Sinarmas LDA Maritime Pte Ltd

Work highlights

  • Acted as Singapore counsel to a syndicate of 9 international banks (Syndicate of 9 international banks for the Barossa FPSO debt financing project) in respect of the US$ 1.15 billion project debt financing for the construction and operation of the FPSO (floating production storage and offloading) vessel to be deployed in the Barossa gas field.
  • Acted as transaction counsel for a global commodity trader in respect of prepayment financing as well as the supply and offtake for nickel pig iron produced in Indonesia.
  • Advised the Singapore Branch -Japanese Bank on various banking, letter of credit and trade agreements and workflow processes in connection with the Code of Best Practices for Commodity Financing launched by the Association of Banks in Singapore.

K&L Gates Straits Law LLC

K&L Gates Straits Law LLC has established a notable practice in advising Indian companies venturing into Singapore, as well as foreign companies looking to establish operations in India. The team has a strong following among the main Indian banks with branches in Singapore, and is also adept at advising foreign companies, banks and governmental entities on the drafting and structuring of loan security documents. Cross-border trade financing, LIBOR transition matters, and restructuring work are areas of growth for the team, which is led by M Rajaram, a key contact for the entire spectrum of debt transactions and banking disputes. Other names to note include of counsel Lai-Foong Chan and Ahmad Khalis, both of whom are skilled in a range of banking and regulatory matters on behalf.

Practice head(s):

M. Rajaram

Other key lawyers:

Lai-Foong Chan; Ahmad Khalis

Oon & Bazul LLP

The ‘experienced‘ banking and finance practice at Oon & Bazul LLP has established a good reputation with financial institutions in Singapore, with merchant and trade banks, including Indian players, at the core of its client base. The team demonstrates notable expertise in the fields of ship finance, LIBOR transition, fintech and regulatory matters related to the new Payment Systems Act. Leading the group, Ting Chi Yen is recommended for asset finance in the shipping space.

Practice head(s):

Ting Chi Yen

Other key lawyers:

Lim Wei-Qi

Testimonials

‘The team, headed by Chi Yen, is experienced and can provide competitive fees to clients.’

‘The individuals are helpful and responsive.’

Wong Tan & Molly Lim LLC

With expertise in secured and syndicated lending, structured finance and project finance, Wong Tan & Molly Lim LLC is adept at acting for international banks and corporate borrowers. Ong Beng Hong and Tan Swee Gek, both of whom have combined experience in banking and finance, capital markets and regulatory matters, jointly oversee the practice.

Practice head(s):

Ong Beng Hong; Tan Swee Gek

Other key lawyers:

Lee Yuan