Hogan Lovells Lee & Lee > Singapore, Singapore > Firm Profile

Hogan Lovells Lee & Lee
50 COLLYER QUAY
#10-01 OUE BAYFRONT
SINGAPORE 049321
Singapore

Singapore > Corporate and M&A: foreign firms Tier 2

Stephanie Keen is Hogan Lovells Lee & Lee’s key point of contact in Singapore where she serves as head of the firm’s Asia Pacific corporate and finance practice, She distinctly combines a background practicing in New York and London with a qualification to practice Singapore law and undertakes work across leveraged buy-outs, cross border transactions, M&A, corporate restructurings and equity offerings. The Singapore office serves as the firm’s regional hub for South and Southeast Asia and is integrated with the firm’s 500 lawyer strong global M&A practice. Key sectors include fintech, technology, food and beverage, energy, natural resource, life sciences, financial services, education and consumer.

Practice head(s):

Other key lawyers:

Key clients

Flipkart Private Limited

Cathay Private Equity Ltd. Co.

Insulet

Sojitz Corporation

Tyson

International Finance Corporation (IFC)

Dell

Navis Capital

Work highlights

  • Advised Cathay Private Equity, as the general partner of Cathay Sustainable Private Equity Fund Limited Partnership, on the fund’s co-investment in the NT$75 billion (approx. US$2.7bn) 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Flipkart, one of India’s leading digital commerce entities, on its US$1.2bn fundraising.
  • Advised PhonePe, previously a wholly-owned subsidiary of Flipkart, on its partial spin-off as it secured $700m in a new financing round, once again led by Walmart.

Singapore > Restructuring and insolvency: foreign firms Tier 2

Hogan Lovells Lee & Lee revamped its senior team with the hire of Nick Williams from K&L Gates Straits Law LLC in October 2020, this after the departure of Shaun Langhorne to Clifford Chance. Williams and the central team have deep Southeast Asia credentials, particularly on the creditor side, notably acting for the senior unsecured lenders in the headline restructuring of Singapore-listed Hyflux group. Carol Hartopp Hall continues to impress at senior associate level.

Practice head(s):

Nick Williams

Other key lawyers:

Key clients

Madison Pacific Trust Limited

Kimura Commodity Trade Finance Fund Limited

Aditum Structured Finance Fund

JGC Corporation

Allied Gold Corp

Standard Chartered Bank

Oaktree Capital Management

Alverez & Marsal

Borrelli Walsh

FTI Consulting

Shinhan Bank

BNP Paribas

Deutsche Bank

CTBC Bank

Work highlights

  • Acted for the senior unsecured bank lenders who represent approximately SG$900m of the debt in the high profile SG$3.5bn restructuring of the Hyflux group.
  • Continued to advise a syndicate of lenders, comprising Indian banks, international banks, and funds in relation to their exposure under a $470m million facility granted to a Singapore subsidiary of a large listed Indian conglomerate.
  • Acted for two lenders in connection with the restructuring of Antanium Resources.

Singapore > White-collar crime - Foreign firms Tier 2

Drawing on the firm’s global resources, Hogan Lovells Lee & Lee places an emphasis on handling cross-border investigations into fraud, bribery and corruption allegations; of recent note, the team collaborates more often with colleagues in Indonesia and Vietnam. The department has been undergoing significant changes: in October 2020, Nick Williams arrived from K&L Gates Straits Law LLC, while in April 2021, former practice head Maurice Burke departed to chair the investigations group at DLA Piper. Williams is now the key contact for white-collar crime mandates and has additional expertise in insolvency matters.

Other key lawyers:

Singapore > Banking and finance: foreign firms Tier 3

At Hogan Lovells Lee & Lee, lawyers focus on cross-border financing transactions, working alongside colleagues in the firm’s regional and international offices. The group is newly active in the Singapore loan markets and practice head Charlie Clayton-Payne is an international finance specialist advising borrowers and lenders on various transactions, including syndicated lending and cross-border sponsor-backed acquisition finance. Samantha Campbell is an English-qualified project finance specialist with vast experience regionally, with special oversight for the firm’s Vietnam and Mekong region practice. Soumitro Mukerji has left the practice to join Mayer Brown.

Practice head(s):

Charles Clayton-Payne

Other key lawyers:

Samantha Campbell; Kaveeta Sandhu; Soumitro Mukerji

Testimonials

‘They have a lot of experience in China real estate financings, and have strong in-house PRC knowledge and capability. ’

For Singapore, Charles Clayton-Payne is our primary contact. He is great to deal with, sensible, responsive, technically strong but gets what we’re trying to achieve commercially. He does not tie himself or us up in knots of technical risk.’

Key clients

Affirma Capital

Agricultural Bank of China Limited

Allied Gold

Australia and New Zealand Banking Group Limited

Bank of China (Hong Kong) Limited

BNP Paribas SA

Coöperatieve Rabobank U.A.

MUFG Bank, Ltd.

Oaktree Capital Management

Oversea-Chinese Banking Corporation Limited

UBS AG

Work highlights

  • Advising a syndicate of lenders led by Coöperatieve Rabobank U.A., BNP Paribas and PT Bank BNP Paribas Indonesia on the US$145m and IDR1.45bnterm and revolving facilities for the FKS Group. The facilities refinanced an existing USD term loan in place at the FKS Group and provided additional flexibility to the FKS Group, including an onshore Indonesian Rupiah tranche, to allow the FKS Group to manage and streamline its overall financing strategy.
  • Advised Oaktree on its subscription for up to US$1bn of private secured notes in a subsidiary of Vedanta Resources. The proceeds of the notes are permitted to be used to fund an offer by Vedanta Resources to acquire up to 10% of the shares in Vedanta Limited, an Indian mining conglomerate that is listed on the NYSE, the National Stock Exchange and the Bombay Stock Exchange.
  • Advised OCBC Bank on its participation in a approx. US$800m umbrella subscription line financing provided to SSG Capital. The facilities are to be used by SSG for liquidity purposes.

Singapore > Capital markets: equity and debt: foreign firms Tier 3

In Singapore, the team at Hogan Lovells Lee & Lee, under the leadership of Andy Ferris, focuses on debt capital markets and securitises, as part of the firm's regional network across Australia, India, Indonesia and China. The group is most known for its expertise in euro medium-term notes (EMTNs), as well as restructurings and issues related to ESG financing.  In June 2021, senior associate Daniel Mok left for an in-house position.

Practice head(s):

Andy Ferris

Key clients

HSBC

RHB Bank Berhad

BNP Paribas

RBC Europe

ANZ

JP Morgan

Morgan Stanley

The Bank of Nova Scotia

Citigroup

Bank of America

Deutsche Bank

Vicinity Centres RE Ltd

Flight Centre Travel Group

BOC Aviation

Ausgrid

Afterpay Limited

UBS

Work highlights

  • A cross-border team advised Flight Centre Travel Group (FLT) on its recent inaugural convertible bond offering in the international debt capital markets. Hogan Lovells acted as English law counsel and the Singapore listing agent on the transaction of your business.
  • Advised Afterpay Limited on its A$1.5bn unsecured zero-coupon convertible notes offering. Hogan Lovells acted as English law counsel to the company.
  • Advised BOC Aviation Limited on the update of its US$15bn Global Medium Term Note Programme and subsequent issue of US$1bn 2.635% per cent Notes due 2030.

Singapore > Energy: foreign firms Tier 3

Hogan Lovells Lee & Lee‘s Singapore office is the firm’s Southeast Asia and South Asia hub for energy and infrastructure work. The team is particularly known for solar, wind and LNG-to-power projects. The team has an especially prolific record in Vietnam and is noted for its presence in Taiwan’s offshore wind sector. The group is also working closely with colleagues in Europe and Australia, to position itself as a leader in hydrogen projects. Samantha Campbell is a key name for Vietnam and Mekong region engagements in the LNG, solar and wind segments. Alex Wong has a rounded energy practice and is a pivotal figure in Taiwan’s offshore wind sector and broader Singapore projects, along with additional engagements from Taiwanese clients in projects outside of the jurisdiction.

Practice head(s):

Samantha Campbell; Alex Wong

Testimonials

‘In my experience, I can emphatically assert to have rarely seen law firms which can boast of the versatility and domain expertise that Hogan Lovells assures to its clientele. Moreover, irrespective of the value of the dispute or quantum of the assignment, their excellent personalised attention to their clientele’s needs in respect to the applicable industry is quite unmatched. I would personally appreciate their dedication to their quality of work without a constant billing clock in their pockets and that is a refreshing change compared to others whose focus appears to be more on the billing than the qualitative output.’

‘I would especially want to raise a toast to Mr. Alex Wong. In the course of our interactions, I have found Alex to be extremely professional, result oriented and extremely well-informed in his line of practice. He comes across as very approachable and will hear out opposing opinions and issues patiently before devising working solutions. In my interactions, I have found Alex to be very open in exploring new ideas and idea-maps. Apart from excellent domain knowledge, the global overview and business solutions he provides across a plethora of operational subjects is exemplary.’ 

Key clients

Delta Offshore Energy

Cathay Private Equity Ltd. Co.

SN Power

CPC Corporation

Super Solar Energy Co., Ltd.

Work highlights

  • Advised Delta Offshore Energy (DOE) as international legal counsel on all aspects for its project to develop a 3,200MW LNG-to-Power Plant and related floating storage and regasification unit and terminal at Bac Lieu Province, Vietnam.
  • Advised Cathay Private Equity, as the general partner of Cathay Sustainable Private Equity Fund Limited Partnership, on the fund’s co-investment in the $2.7bn 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Norway-based SN Power on the acquisition of a 100% stake in the 39.4MW Dam Nai wind power project in Ninh Thuan province, Vietnam. This is SN Power’s first successful acquisition in Southeast Asia.

Singapore > International arbitration Tier 3

Hogan Lovells Lee & Lee attracts praise for its ‘wide capabilities in the arbitration space‘ and specialises in handling disputes in the energy, infrastructure and construction sectors. ‘Good strategic commercial advocateKent Phillips leads the team and is particularly active in disputes involving Japanese parties, while the ‘thorough and tenacious‘ senior associate Benson Lim excels in China and Singapore–related disputes.

Practice head(s):

Kent Phillips

Other key lawyers:

Testimonials

‘Benefits from being part of an international law firm. Wide capabilities in the arbitration space, which is my only exposure to the firm.’

The team values a more personal relationship with their clients and collaborating counsel. It’s not just about doing the job, it’s also maintaining a good personal relationship where communication lines are wide open‘.

‘Kent Phillips – sound judgment, solid personality with great experience of international commercial arbitration.’

Benson Lim is commercially astute and is able to provide tailored and strategic advice.

‘Kent Phillips – a good strategic commercial advocate who can read an arbitral tribunal well. Good commercial knowledge of the energy construction sector and informed about the needs of the business.’

‘We had a particular arbitration matter where Benson Lim’s sensible advice saw to its speedy settlement and helped us avoid cost escalation. Overall, Benson is very thorough and tenacious. His advice is always detailed – he will drill deep into the issues to ensure that we cover all the bases.

Kent Phillips is a top disputes lawyer, and fantastic to work with. He is highly strategic and always looks after his client’s interests. Benson Lim is another up and coming star in the market‘.

Singapore > Projects: foreign firms Tier 3

At Hogan Lovells Lee & Lee, the bulk of the workload consists of advising sponsors and lenders on energy and infrastructure project financings across the Asia Pacific region. Recently, the team has been increasingly focused on renewable energy projects, including solar and wind, and LNG-to-power mandates. The key contacts at the senior level are Samantha Campbell and Alex Wong; the former’s client base includes notable multilateral and bilateral financial institutions, while the latter is particularly active in the Taiwanese offshore wind market. Associate Zack Lin is also recommended.

Practice head(s):

Other key lawyers:

Testimonials

‘The lawyers are all friendly and easy to communicate with. They encourage the client to raise all the questions or problems. The billing is clear and open for discussion.’

‘The client can work together with the lawyers and benefit from the teamwork.’

Key clients

Delta Offshore Energy

Cathay Private Equity Ltd. Co.

SN Power

CPC Corporation

Super Solar Energy Co., Ltd.

Work highlights

  • Advising Delta Offshore Energy (DOE) as international legal counsel on all aspects for its project to develop a 3,200 MW LNG-to-Power Plant and related floating storage and regasification unit and terminal at Bac Lieu Province, Vietnam.
  • Advised Cathay Private Equity, as the general partner of Cathay Sustainable Private Equity Fund Limited Partnership, on the fund’s co-investment in the $2.7bn 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Norway-based SN Power on the acquisition of a 100% stake in the 39.4MW Dam Nai wind power project in Ninh Thuan province, Vietnam.

France > Private equity: LBO Tier 2

India > Foreign firms Tier 3

With talent in the USA, Europe, Asia, and Dubai, Hogan Lovells International LLP provides global services, combined with its regional hub in Singapore for India-related work. It assists Indian corporates on fund raisings and investors into India companies and also acts for banks. Stephanie Keen heads the corporate and finance practices in Asia Pacific and counsel Soumitro Mukerji, who is English and India-qualified is a key member of the Singapore banking team. Jonathan Leitch‘s work spans finance and structuring, and Louise Leung is part of the banking and finance team; both are in Hong Kong. Charlie Clayton-Payne is part of the Singapore banking and finance group. ‘Clearly a high flier‘, senior associate Derrick Lau has a focus on debt and acquisition finance.

Testimonials

‘Hogan Lovells have acted for us on a number of India-related matters. They have a strong blend of deal executors and insolvency/downside capability, which is matched by strong technical ability together with commercial nous. These strengths provide confidence that they won’t miss anything, and trust in their ability to achieve the results we are looking for. Experience with other firms is that they may have the technical skill, but it is not balanced by commercial thinking, or have the execution capability, but not the forensic rigour. Hogan Lovells is overall the firm that I am most comfortable with, and I take a lot of comfort when they are acting for us.’

In terms of other services, Hogan Lovells has invested heavily, and from what I see is a market leader in Asia, in technical knowhow.’

‘Key personnel are Jonathan Leitch, Charlie Clayton-Payne, Louise Leung and Derrick Lau (Derrick is a senior associate, the rest are partners). Jonathan Leitch is primarily insolvency/downside, Charlie and Louise primarily execution, and Derrick sits across both. Whilst Derrick is currently a SA, he is clearly a high flier and is an essential part of their offering from my perspective. Sitting below the four people mentioned is a strong team of associates who are technically strong and hard working.’

‘They have a dedicated India Regional Desk which enables them to better understand the mindset of Indian clients and therefore, effectively cater to their needs. The team is led by very experienced lawyers and the work product speaks for itself in terms of the quality and expertise of the team.’

‘Stephanie Keen and Soumitro Mukerji are outstanding lawyers with in-depth knowledge of the law.’

Stephanie Keen is a mature lawyer who is highly skilled in e-commerce and retail. I would highly recommend her.’

Soumitro Mukerji possesses extensive knowledge of the Indian market. He has fantastic inter-personal skills and would not hesitate to recommend him.’

‘Stephanie Keen and Soumitro Mukerji of Hogan Lovells have a deep understating of clients’ needs in relation to India. They understand the client’s requirements, cultural issues, cost consciousness and personal approach very well. They are also very knowledgeable, capable and good persons.’

Key clients

Flipkart Private Limited

Oaktree Capital Management

Work highlights

  • Advised Flipkart, one of India’s leading digital commerce entities, on its US$1.2 billion fundraising.
  • Advised PhonePe, previously a wholly-owned subsidiary of Flipkart, on its partial spin-off as it secured $700 million in a new financing round, once again led by Walmart.
  • Advised Oaktree on its subscription for up to US$1 billion of private secured notes in a subsidiary of Vedanta Resources.

Indonesia > Foreign firms Tier 4

Hogan Lovells Lee & Lee handles a balanced mix of corporate and M&A, banking and finance, restructuring and insolvency matters. Stephanie Keen heads the Asia Pacific corporate and finance practice and has expertise in TMT, financial services and healthcare sectors. The Singapore banking and finance practice is led by Charlie Clayton-Payne and counts both borrowers and financial institutions as his main clients. Nick Williams heads the business restructuring and insolvency practice in Southeast Asia. The team lost former Southeast Asia disputes head Maurice Burke  to DLA Piper in April 2021.

Practice head(s):

Chalid Heyder; Stephanie Keen; Charlie Clayton-Payne; Nick Williams

Work highlights

  • Acting for a syndicate of lenders in connection with the $145m and IDR 1.45 billion term and revolving facilities for the FKS Group, a leading food and agricultural business in Indonesia.

Asia Pacific: Regional International Arbitration > Leading firms

Hogan Lovells‘ international arbitration practice benefits from strong teams in Singapore and Hong Kong and a reputation for handling complex construction, energy and commercial disputes. Timothy Hill and James Kwan jointly lead the Hong Kong practice and handle construction and commercial disputes respectively. The Singapore-based team is known for energy, infrastructure and construction disputes, practice head Kent Phillips is popular with Japanese clients.

Vietnam > Corporate and M&A

Hogan Lovells International LLP has a longstanding presence in Vietnam, and its team is notably strong in advising European and US clients on their business activities there. Senior associate Long Huynh, who is based in Ho Chi Minh City, handles matters relating to areas such as healthcare, oil and gas, and real estate, among others. He has been advising foreign investors on entering the Vietnam market since 1998. Although practice head Jeff Olson has moved to an in-house role, the firm is able to leverage the expertise of practitioners across the wider regional network; key contacts include Singapore-based partners Samantha Campbell and Stephanie Keen. Gaston Fernandez relocated from the Miami office to Ho Chi Minh City to lead the firm's Vietnam offices.

Other key lawyers:

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