Ms Elaine Chan > WongPartnership LLP > Singapore, Singapore > Lawyer Profile

WongPartnership LLP Offices

WongPartnership LLP
12 MARINA BOULEVARD, LEVEL 28
MARINA BAY FINANCIAL CENTRE TOWER 3
SINGAPORE 018982
Singapore
Visit website 65 6416 8000 65 6532 5711

Ms Elaine Chan

Elaine Chan photo
+65 6416 8010 View profile

Work Department

Financial Services Regulatory

Position

Co-Head – Financial Services Regulatory Practice.

Career

She has extensive regulatory experience advising a broad spectrum of financial institutions on the structuring of their operations in Singapore for alignment with financial regulations. She regularly assists with licensing applications and the drafting of documentation to operationalise business models in compliance with financial regulations.

Significant transactions that Elaine has been involved in include advising / acting for the following:

  • SEA Limited, a NYSE-listed consumer internet group, on its successful application to the Monetary Authority of Singapore for a digital full bank licence.
  • ICE on the set-up of its clearing house and derivatives exchange in Singapore.
  • EXOR S.p.A, one of Europe’s leading investment companies listed on the Borsa Italiana in connection with its bid to merge with PartnerRe Ltd., the ultimate holding company of Partner Reinsurance Asia Pte. Ltd., a Singapore incorporated reinsurance company.
  • The Canadian Imperial Bank of Commerce, Singapore branch, in the transfer of its private wealth management business to the Bank of Montreal, Singapore branch.
  • DBS Group Holdings Ltd in connection with its proposed acquisition of a major stake in PT Bank Danamon Indonesia Tbk.
  • Nomura’s acquisition of the assets of Lehman Brothers in the Asia Pacific. This deal was awarded the “Restructuring Deal of the Year” by IFLR Asia Awards 2009.

Awards & Accolades:

Elaine is recognised as a leading lawyer in various independent directories including Chambers Global – The World’s Leading Lawyers for Business (2016 to 2021), Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business (2016 to 2021), Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2015 and Expert Guides – Guide to the World’s Leading Women in Business Law, 2015. She is listed in the IFLR1000 Women Leaders 2018 to 2021, which recognises 300 female lawyers in the world considered to be among the best transactional specialists in their markets and practice areas by clients and peers, and based on track record.

Publications & Legal Updates

  • Regulation of Banks and other Financial Institutions – 2011 reissue of Volume 12 – Halsbury’s Laws of Singapore on “Finance and Banking”
  • The Banking Regulation Review – Third Edition – Singapore Chapter
  • Global Legal Insights – Banking Regulation – First Edition, 2013 – Singapore Chapter
  • Getting the Deal Through – Banking Regulation 2016, 2020 and 2021 – Singapore Chapter
  • Butterworths Journal of International Banking & Financial Law – The Coronavirus (COVID-19) Pandemic: Testing the adequacy of a financial institution’s pandemic measures 2020 and Digital Disruption in Singapore: The new digital bank licensing framework 2019
  • Singapore Country Guide, Thomson Reuters – Securities & Banking 2019, 2020 and 2021

 

Languages

English

Education

National University of Singapore (LL.B., Hons.)

Lawyer Rankings

London > Dispute resolution > Commercial litigation: mid-market

Litigating on behalf of both SMEs and global organisations, Keystone Law has a mouth-watering court success rate in the UK. Within the firm’s lawyer ranks, Alex Ferrari is ‘a top-notch litigator‘; James Healy-Pratt acts in relation to aviation accidents; Matthew Hennessy-Gibbs assists with commercial disputes, contentious insolvency-related claims, and fraud cases; Louise Abbott specialises in civil fraud, cryptocurrency and asset recovery work; and Elaine Chan is ‘a very senior, effective solicitor‘. Also key to the firm’s litigation credentials, Lara Robson represents both high-net-worth (HNW) individuals and companies in disputes; Patrick Elliott is a corporate recovery and insolvency expert; Gagan Ranu focuses on India and Middle East-related disputes; Patrick Pennal has a wide-ranging international litigation practice; and Dharmendra Nair specialises in shipping, commodities and commercial litigation. In 2022, Tracy Sell-Peters joined as partner from DWF, while former partners Matthew Reach and Robert Lawrie departed for Fox Williams LLP and Grosvenor Law, respectively.

Singapore > Fintech and financial services regulatory: local firms

(Leading individuals)

Elaine Chan – WongPartnership LLP

The ‘very reliable team’ at WongPartnership LLP ‘keeps abreast with market developments’ such as blockchain-based stablecoins and platforms, the establishment of digital banks and telemedicine. The practice is also highlighted for its ability to assist digital assets service providers with their payment services licence applications. Co-head of the financial services regulation practice Elaine Chan is described as ‘commercially savvy’ and is well equipped to advise financial institutions on the regulatory implications of internal restructuring or M&A work. Joy Tan leads the firm’s corporate and regulatory investigations practice, with banking disputes and investigations a mainstay of her practice. Rosabel Ng is well versed in the regulation of derivatives and structured products. Technology expert Chung Nian Lam‘s practice is geared towards handling matters relating to software licensing, outsourcing and systems development. Sion Yoong Tian‘s broad practice covers ISDA master agreements and initial coin offerings.

Lawyer Rankings

Top Tier Firm Rankings

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