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

WongPartnership LLP
Elaine Chan photo

Work Department

Financial Services Regulatory


Co-Head – Financial Services Regulatory Practice.


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





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

Lawyer Rankings

London > Dispute resolution > Commercial litigation: mid-market

Between them, Keystone Law‘s bench of disputes lawyers a strong track record in litigation on behalf of both SMEs and major global organisations. Among the firm’s numerous litigators, Alex Ferrari acts in both domestic and international disputes; Elaine Chan is a commercial and insurance litigator; Matthew Reach is ‘a standout litigator‘; and Matthew Hennessy-Gibbs acts in commercial disputes and fraud cases. Other highly rated litigators are: Joanna Mckenzie, who assists with debt recovery, and professional negligence and breach of contract claims; media litigator Lawrence Abramson; Patrick Elliott, a corporate recovery and insolvency specialist; and Gagan Ranu, who is ‘a formidable and unflappable opponent‘. Growth during 2021 included the recruitment of: Louise Abbott, Howard Kennedy LLP‘s former commercial litigation and civil fraud head; Middle East disputes expert Joseph Kosky from Greenwoods GRM ; and aviation litigator James Healy-Pratt from Stewarts Law LLP.

Singapore > Fintech and financial services regulatory: local firms

(Leading individuals)

Elaine Chan – WongPartnership LLP

WongPartnership LLP has long been at the forefront of the financial services regulatory (FSR) and compliance market in Singapore. Besides providing comprehensive advice on non-contentious matters – ranging from applications to the MAS for digital bank licences, to banking secrecy issues, anti-money laundering concerns and rules relating to the sales and marketing of investment products – the practice also fields dispute resolution experts who are able to assist in enforcement investigations. Recent areas of activity include advising several international banks and payment service providers on the implications of the new Payment Services Act 2019 (PSA). Elaine Chan, who acts for banks, fund managers, insurers, commodity traders, broker dealers and clearing houses in regulatory and transactional mandates, and Joy Tan, who focuses on corporate governance and financial services regulatory matters under the Companies Act, Securities and Futures Act and other regulatory statutes, jointly lead the FSR group. Another key contact is Rosabel Ng, who has in-depth knowledge of the Singapore regulatory framework for the regulation of financial markets. The firm also houses a multi-disciplinary team focused on the fintech sector, whose members collaborate on transactional and regulatory matters cutting across issues such as blockchain, tokenisations and cryptocurrencies, venture capital fundraisings and emerging digital technologies. Key individuals for this type of work include Sion Yoong Tian, Sin Wei Ong, Kylie Peh and Kyle Lee.