Offshore in Singapore

Carey Olsen Singapore LLP

Carey Olsen Singapore LLP has undergone further growth, particularly in the dispute resolution field with James Noble having joined from Harney Westwood & Riegels Singapore LLP in November 2019, followed by a series of lateral hires at the associate level. This has led to a rise in commercial disputes engagements, along with insolvency and restructuring matters. On the transactions side, Singapore managing partner and Asia head of corporate Anthony McKenzie and his team are active in downstream funds work, along with M&A transactions involving Chinese, Japanese and Indonesian clients; McKenzie and his department are particularly focused on the China market with a number of the group being Mandarin speakers and PRC qualified. Equity capital markets deals, including the listing of special purpose acquisition companies (SPACs), is another area of recent focus. McKenzie and Noble are also unique in the market, being dual-qualified in the Cayman Islands and the British Virgin Islands.

Practice head(s):

 Anthony McKenzie

Other key lawyers:

James Noble

Testimonials

‘The team benefits from being comprised of professionals who have worked at the highest levels in top tier law firms across a variety of jurisdictions. This breadth sets them apart from other firms.’

‘Carey Olsen shows a keen sensitivity to the commercial aspect of deals and has the creativity and flexibility to develop legal solutions, that work not only for clients but for the counterparty as well. They have the ability to synthesise datapoints and information across multiple jurisdictions. They understand the importance of the relationship element of client-counsel interaction and they show an excellent understanding of my company’s business and internal operations.’

‘Anthony McKenzie has worked in Australia, the UK, the US and the Caymans. This makes his advice rare and invaluable when considering multi-jurisdictional problems.’

‘Anthony McKenzie is available 24-hours a day to engage with clients and provide advice that is both legally on point, but commercially sound.’

‘James Noble is extremely responsive. He truly takes care of client needs and concerns. He is a fast learner too.’

Maples Group

Maples Group's Singapore group works in close cooperation with the firm's Hong Kong office, particularly in the fields of finance, funds, and corporate transactions. The Singapore office has a particularly deep understanding of financial services, aviation, oil and gas, and real estate. It leads the market in a variety of areas, including the use of Irish law vehicles in aviation finance. Michael Gagie is a managing partner of the Singapore office and global head of the BVI practice; he covers corporate, private equity transactions, banking, and structured finance. Tom Katsaros leads the funds and investment management group in Singapore, specialising in offshore private equity funds and hedge funds structuring.

Walkers

Walkers has the largest presence of all offshore firms in Singapore, servicing clients throughout Southeast Asia and India. The firm has an excellent record in finance, including structured finance and securitisation, ship and aviation finance, refinancings, and real estate finance. The Singapore office largely services BVI and Cayman Islands law needs, though is building its offering in Bermuda and Irish law matters. The office is well established in funds formation and structuring, representing some of the biggest global and regional private equity sponsors, along with a number of big-ticket sovereign wealth fund investors. Singapore managing partner John Rogers is noted for finance, while Laura Rogers and Thomas Granger are noted for private equity and hedge funds structuring and downstream investments. Many of the team members were previously located in Hong Kong and continue to be tightly integrated with that office.

Practice head(s):

John Rogers

Other key lawyers:

Laura Rogers; Thomas Granger

Key clients

Credit Suisse

DBS

Deutsche Bank

HSBC

ING Bank

JPMorgan Chase Bank

Melco Resorts & Entertainment

National Australia Bank

OCBC Bank

Standard Chartered Bank

UBS

United Overseas Bank

Work highlights

  • Acted as Cayman Islands counsel to Standard Chartered Bank in the spin out of its private equity business and a sale of the majority of its private equity investment portfolio to funds managed by ICG Strategic Equity, part of Intermediate Capital Group.
  • Acted as Bermuda counsel to Mizuho Leasing Company on investment arrangements and Bermuda structuring in connection with the acquisition of Connecticut-based aircraft leasing business Aircastle by Mizuho and Marubeni Corporation.
  • Acted as Cayman Islands and Dublin counsel to certain finance lessors in connection with Virgin Atlantic Airways’ £1.2bn  restructuring.

Conyers

Conyers has had a presence in Singapore since 2001. The firm is recognised for its expertise in Bermuda, BVI, and Cayman Islands laws. Its practice is largely centred on corporate and funds work. Preetha Pillai leads the Singapore office and is an experienced funds and corporate partner.

Practice head(s):

Preetha Pillai

Forbes Hare

Forbes Hare's Singapore work centres on corporate, investment funds, litigation, and insolvency. The well-established corporate team has experienced particular growth in alternative investment structures including blockchain and crypto-asset related funds. The firm is also strong in private equity funds, including exempted limited partnership structures. Moreover, it has a thriving contentious insolvency and restructuring practice. The office is led by litigation partner Sam Robertson and corporate and funds partner Catherine Ross, both of which have years of experience practising in BVI before relocating to Singapore; Robertson is recommended for insolvency and restructuring, while Ross is highly rated for funds work. Director Michael Pringle is another experienced litigator, having previously practised in BVI.

Practice head(s):

Sam Robertson; Catherine Ross

Testimonials

‘Highly efficient, transparent on costs, no-fuss, and committed service. Client service and attention is superior (far superior in some cases) to other firms.’

‘Forbes Hare’s presence in Singapore gives Asian clients direct access to their UK, Cayman and BVI legal services, offering a seamless experience to clients navigating cross-border restructuring and insolvency. Their team is extremely responsive across time-zones, delivering high quality legal advice and strategic direction at an exceptional value.’

‘Michael Pringle is a multi-faceted lawyer with decades of valuable experience as both a corporate and commercial lawyer as well as a litigator and arbitration expert. The firm is small and this results in hands-on personal service and excellent responsiveness.’

‘Sam Robertson has a very good understanding of the law and is well connected in the offshore restructuring and insolvency market. He is also willing to offer creative solutions to clients.’

‘Sam Robertson is commercial, technically sound and is very easy to deal with, all essential qualities in a restructuring situation where tension is high and decisions need to be made quickly.’

‘What makes the practice unique is that Catherine Ross provides personal partner attention on deals. She also gives pragmatic advice and delivers to tight timelines.’

‘Catherine Ross is an outstanding funds lawyer. She is a technical expert and provides pragmatic advice.’

‘Catherine Ross is highly efficient, sensible and practical and knows what a client needs and wants.’

Harney Westwood & Riegels Singapore LLP

Harney Westwood & Riegels Singapore LLP is making further investments into its Singapore office, aligning itself with key government initiatives such as the development of the nation as a dispute resolution, private wealth, and restructuring hub. Asia head of the trusts and private client advisory group Nicola Roberts has transferred to Singapore from Hong Kong. Moreover, dispute resolution counsel Jayesh Chatlani has also made the same move, this coming after the departure of senior litigator and former managing partner of the office James Noble to Carey Olsen Singapore LLP in November 2019. The Singapore office represents a range of financial institutions, major corporates, and growth businesses. Head of the Singapore office Lishi Fong led the team that acted as Cayman Islands counsel to Mitsubishi UFJ Trust and Banking Corporation on its AUS$4.13bn acquisition of the global asset management division of Commonwealth Bank of Australia.

Other key lawyers:

Nicola Roberts; Jayesh Chatlani

Key clients

ARA Asset Management

China Agrotech Holdings and its Liquidators

China Merchants Bank Shanghai Branch

CIMB Bank, Singapore Branch

JA Solar Holdings

JTrust Asia

Mitsubishi UFJ Trust and Banking Corporation

New Frontier Corporation

Qihoo 360 Technology

Qunar Cayman Islands

RHB Bank

SenseTime Group

Shanda Games

Sumitomo Mitsui Banking Corporation, Singapore Branch

Trina Solar

Work highlights

  • Acted as lead counsel for the international investment arm of JTrust Group, in relation to a complex international fraud involving over $210m, in proceedings in Japan, Singapore, Thailand, Cambodia, Luxembourg, Brazil, Hong Kong and Switzerland.
  • Acted as Cayman Islands counsel on the AUS$4.13bn acquisition by MUFG of the global asset management division of Commonwealth Bank of Australia.
  • Acted as Cayman Islands counsel in the financing of a 25-hectare site in Tuas South Avenue 14 sold to logistics property specialist, LOGOS.