Next Generation Partners

Rising Stars

Capital markets: structured finance, derivatives and securitisation: Foreign firms in Singapore

Clifford Chance

Clifford Chance is at the forefront of new industry trends, particularly cryptocurrency and fintech growth, including the use of crypto derivatives, distributed ledger technology and blockchain. The Singapore team is also moving into other growth segments such as environmental, social and governance (ESG) products and new financial markets infrastructures. In this regard, the firm is well-placed given that Paul Landless, a structured finance, derivatives and financial markets products specialist, also co-heads the global tech group. Moreover, Lena Ng, who leads the financial regulatory practice in Singapore, is also a derivatives and structured finance lawyer by background.

Practice head(s):

Paul Landless

Linklaters

Linklaters is noted for its adaptation to the currently evolving landscape, including initial margins requirements and the potential discontinuation of LIBOR. The firm is also working intensively on market volatility and financial fallout matters relating to the Covid-19 pandemic. It has deep Singapore and international law expertise and extensive product experience including ISDA and OTC derivatives regulations. Counsel Sonia Lim has a lengthy background in derivatives and structured products.

Practice head(s):

Sonia Lim

Other key lawyers:

Jonathan Han

Testimonials

‘Individuals are well regarded in the industry and have commercially driven solutions.’

‘Sonia Lim has a great reputation in the industry. She is very responsive and solution-oriented.’

‘Jonathan Han has great execution abilities and is very responsive.’

Key clients

International Swaps and Derivatives Association

DBS Bank

United Overseas Bank

OCBC Bank

BNP Paribas

Citibank

Deutsche Bank

Standard Chartered Bank

UBS

Hong Kong Exchanges and Clearing

Shanghai International Energy Exchange

Work highlights

  • Advised International Swaps and Derivatives Association on the market closure guidance in Mainland China and the Philippines as a result of COVID-19.
  • Advised a number of key global financial institutions on how to address financial fallouts resulting from market volatility and change in credit condition of their counterparties due to the outbreak of COVID-19 and subsequent market turmoil.
  • We are advising a number of financial institutions (including all thee Singapore banks) on the implementation of initial margin (IM) requirements.

Norton Rose Fulbright

Norton Rose Fulbright has a highly-focused derivatives practice, covering OTC derivatives, islamic derivatives, structured note programmes and other segments. On the advisory side, it frequently addresses LIBOR-related issues, licensing and regulatory requirements, and Covid-related fallout matters. It advises a range of global, Asia Pacific and Middle East-based financial institutions, along with derivatives users and commodity producers. Singapore licensing and regulatory obligations engagements are provided through its Formal Law Alliance (FLA) with Ascendant Legal LLCColin Rice leads the team.

Practice head(s):

Colin Rice

Testimonials

‘We mainly instruct NRF on corporate derivatives and where we require regulatory and ECM expertise, they are able to slot colleagues in seamlessly.’

‘Colin Rice is very knowledgeable and has an excellent understanding of clients’ requirements.’

 

Key clients

Airtrunk Operating

Al Rajhi Bank

Anglo American

Bank of Communications

Barclays Bank

BHP Billiton

Citibank

Commerzbank

Credit Suisse

EFG Bank

Equinor

Exxon

First Abu Dhabi Bank

HSBC Bank

Kotak Mahindra Bank

Macquarie Bank

Maybank

MUFG Bank

Shell

Societe Generale

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

The Northern Trust Corporation

United Overseas Bank

Yes Bank

Simmons & Simmons

Simmons & Simmons's structured products and derivatives practice covers both buy-side and sell-side engagements through the immensely experienced Jason Valoti and up-and-coming Jonathan Quie; the latter led the Singapore team that supported the Beijing office in providing specialist derivatives advice in connection with the launch of DE Shaw’s first PRC onshore private securities investment fund. The firm has an established record in structured credit and structured equity products, interest rate, FX and inflation products, and commodity-linked transactions. It has a strong regulatory and transactional background.

Practice head(s):

Jason Valoti

Other key lawyers:

Jonathan Quie

Testimonials

‘Jason Valoti is an exceptional resource for derivatives and capital markets. He is knowledgeable, accessible, and pragmatic.’

 

Key clients

DE Shaw Group

UBS

Maybank

JPMorgan

Deutsche Bank

CMBI

Haitong

Work highlights

  • Advised the launch of DE Shaw’s first PRC onshore private securities investment fund.
  • Advised on a number of off-balance sheet bond portfolio linked secured note issuances
  • Advised Maybank on its project for implementing Initial Margin for uncleared derivatives across its businesses and counterparties in APAC, EMEA and the US.