Latham & Watkins LLP > Singapore, Singapore > Firm Profile

Latham & Watkins LLP
9 RAFFLES PLACE
#42-02 REPUBLIC PLAZA
SINGAPORE 048619
Singapore

Singapore > Capital markets: equity and debt: foreign firms Tier 1

Latham & Watkins LLP's capital markets team in Singapore is active across south and south-east Asia, with a strength in local transactions as well as deals in Vietnam, India, the Philippines and Malaysia. The group is particularly adept in Singapore, Indian and US IPOs, acting for issuers and underwriters alike. An area of growth for the group is matters involving special-purpose acquisition companies (SPACs). Sharon Lau , vice-chair of the firm's global corporate department, heads the capital markets practice and has an increasing reputation for SPAC transactions. Rajiv Gupta  leads the firm's India practice and is the Singapore chair of the corporate department, notable for India-related capital markets transactions. Timothy Hia  is the local chair of the finance group, and is active in the debt capital markets space. Min Yee Ng's experience spans IPOs and private debt placements, as well s equity and equity-linked securities.

Practice head(s):

Sharon Lau

Other key lawyers:

Rajiv Gupta; Michael Sturrock; Timothy Hia; Min Yee Ng; Stacey Wong

Key clients

Adani Ports and Special Economic Zone Limited

Aviva Singlife Holdings Pte. Ltd.

BofA Securities, Inc.

ESR Kendall Square REIT Co.

Guotai Junan International Holdings Ltd.

ICICI Securities Limited

JP Morgan JP Morgan India Private Limited

Melco Resorts Finance Limited

Morgan Stanley Morgan Stanley Southeast Asia

Mr. DIY Trading Sdn Bhd

Provident Capital Partners

PT Tower Bersama Infrastructure Tbk

SMC Global Power Holdings Co.

STT GDC Pte. Ltd.

Work highlights

  • Advised the underwriters on Reliance Industries’ US$7bn issuance of 422,626,894 Equity Shares listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). This is the largest non-financial services rights issuance undertaken globally in over a decade. It is India’s largest-ever rights offering, and the largest Indian capital markets transaction in terms of deal size.
  • Advised Malaysia’s Mr. DIY Trading Berhad on its Initial Public Offering of 941,490,000 Ordinary Shares listed on the Main Market of Bursa Malaysia Securities Berhad. The IPO by Malaysia’s largest home improvement retailer raised RM1.5bn, making it the largest listing in Malaysia in three years, and the only one to surpass the billion-ringgit threshold in 2020.
  • Represented ICICI Securities, as lead manager, in connection with a US$3.4bn initial offering of 2,521,500,000 units in Tower Infrastructure Trust to Brookfield Infrastructure Partners L.P. and others through a private placement.

Singapore > Banking and finance: foreign firms Tier 2

Latham & Watkins LLP‘s banking and finance practice has a strong track record in regional and international leveraged finance transactions, as well as acquisition financings and bank-bond deals. The Singapore office acts as a hub for the firm’s south-east Asia transactions, and lawyers are well versed in cross-border issues involving Thailand, the Philippines, Malaysia, Vietnam, Indonesia, and increasingly, India. Practice head Timothy Hia was appointed local chair of the finance department in Asia in 2020 and has experience across the waterfront of financings. Associate Chuan Wei Kong is also recommended for his acquisition finance acumen.

Practice head(s):

Timothy Hia

Other key lawyers:

Key clients

TPG Capital

Warburg Pincus

Adani Enterprises Limited

San Miguel Corporation

EMP Bentu Limited

PT Energi Mega Persada Tbk

Melco Resorts & Entertainments Limited

MyRepublic Group Limited

OCP Asia

Corbin Capital Partners, L.P.

Deutsche Bank

Goldman Sachs (Asia)

Barclays

Citibank

Morgan Stanley

Work highlights

  • Advised a consortium comprising TPG Capital, Sumitomo Life Insurance Company and others on a Senior Facility and a Bridge-to-Bond financing to finance a transaction to combine SingLife with global insurance company Aviva plc’s Singapore life insurance business, Aviva Ltd.
  • Advised TPG on the approximately US$140m term loan and revolving credit facilities for (i) payment of the cash consideration payable in respect of the acquisition of shares in Greenfields Dairy Singapore Pte. Ltd and related costs and expenses; (ii) financing or reimbursing capital expenditure of the Group; (iii) acquisition of land in Indonesia; (iv) financing working capital requirements of the Group; (v) refinancing existing indebtedness.
  • Advised Hongkong United Ascend on a term loan facility in connection with its acquisition of UTAC Holdings Ltd, an electronic component & hardware company.

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

A key distinguisher for Latham & Watkins LLP is its One-Asia model which sees its Singapore lawyers operate in full integration with the firm’s 150 lawyers spread across its six offices in Asia. The team handles public M&A, private takeovers, joint ventures, corporate restructurings and disposals and runs a caseload which reaches from Malaysia, Vietnam and Thailand through to Japan, Australia and India. Sharon Lau , the global vice chair of the firm’s corporate practice, has transacted some US$35m of deals over the past 12 months and Farhana Sharmeen often advises local clients on their outbound investments to the US, Europe and the Middle East. At junior partner level, Marcus Lee is dual-qualified in Singapore and the UK and is especially active in Indonesia and the Philippines. The team has been further bolstered by the arrival of Sidharth Bhasin and James Clayton-Payne from Shearman & Sterling LLP; the former arrives with an established reputation for private equity investments and exits, restructurings, workouts and joint ventures while the latter is a go-to for transactions in the energy, infrastructure and resources fields.

Other key lawyers:

Key clients

Cebu Air, Inc.

GIC Private Limited

Intuit, Inc.

Princeton Digital Group

PTT Public Company Limited

ReNew Power

Silver Lake Partners

Singapore Technologies Engineering Limited

TPG Capital

Traveloka Holding Limited

Vingroup Joint Stock Company Limited

Temasek

Work highlights

  • Represented ReNew Power, India’s leading renewable energy company, on its definitive business combination agreement with RMG Acquisition Corporation II.
  • Advised a consortium comprising TPG Capital, Singlife, Sumitomo Life Insurance Company and others on a transaction to combine SingLife with global insurance company Aviva’s Singapore life insurance business, Aviva Singapore. This is one of the largest deals in the insurance sector in Southeast Asia and the largest in Singapore.
  • Represented Silver Lake Partners in the acquisition of a US$1 billion minority stake in Reliance Retail Ventures, an India-based retail business operator. This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary.

Singapore > Energy: foreign firms Tier 2

Latham & Watkins LLP‘s substantial presence in Singapore has delivered a recent history of landmark engagements, particularly in conventional power and LNG project financings, while it is also a growing force in renewables. The Singapore team has a real geographic spread of engagements from Australia to Southeast Asia, South Asia and North Asia. Stephen McWilliams is deputy managing partner of the firm’s Asia offices and has an outstanding record in big-ticket energy project financings. Clarinda Tjia-Dharmadi is recommended for energy project development and finance in Indonesia. The team welcomed corporate partners Sidharth Bhasin, James Clayton-Payne who joined from Shearman & Sterling LLP and project development and finance specialist  Don Stokes who joined from Freshfields Bruckhaus Deringer in August 2021.

Singapore > Projects: foreign firms Tier 2

Latham & Watkins LLP is regularly involved with the region’s landmark projects and infrastructure transactions and has recently been instructed on a number of significant lender and sponsor mandates concerning some of the largest deals in the LNG, petrochemicals, and renewables sectors. The geographic scope of the firm’s work extends across the whole of the Asia Pacific region, with the group also frequently advising Asian clients on transactions outside the region. Practice head Stephen McWilliams splits his time between the Singapore and Tokyo offices, cementing the close ties which exist between the two. Clarinda Tjia-Dharmadi, who has significant expertise in the Indonesian oil and gas sector, is another key contact.

Practice head(s):

Other key lawyers:

Key clients

Asian Development Bank

INPEX Corporation

Japan Bank for International Cooperation

Marubeni Corporation

Mizuho Bank

Nippon Export and Investment Insurance

Pengerang Energy Complex Sdn Bhd

PT Pertamina

Export-Import Bank of Korea

Tokyo Gas

Work highlights

  • Advised Japan Bank for International Cooperation, Nippon Export and Investment Insurance, and other export credit agencies and commercial bank lenders on the $8.3bn refinancing of the Ichthys LNG project in Australia.  
  • Advised Air Products & Chemicals, a global leading provider of industrial gases, on the development of a world-scale coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia.
  • Assisted the Asian Development Bank and Deutsche Investitions-und Entwicklungsgesellschaft with their financing of the construction and operation of a 35MW solar power plant in Paturia, Manikgonj, Bangladesh.

India > Foreign firms Tier 2

Latham & Watkins LLP has a long established track record acting for Indian corporates, domestic and international banks, private equity houses and other investors doing business in India. Its capital markets skills are highly rated and in demand, ranging from IPOs/equity raisings to a range of debt transactions, SEC-registered, unregistered, 144AI and Reg S work, bond issuances and American Depositary Receipts. It is also increasingly advising on project financings, acting for a range of conventional and green energy companies on acquisitions, investments and the raising of capital. The accomplished Rajiv Gupta in Singapore leads the India facing work, and Sharon Lau, vice chair of the firm’s global corporate practice, is experienced also in the areas of capital markets and private equity. Hong Kong-based counsel Louis Rabinowitz is a seasoned capital markets practitioner, he acts for a range of clients such as investment banks and Indian energy companies. Huge resources are available to clients across the USA and in Europe.

Practice head(s):

Other key lawyers:

Key clients

Carlyle Group

Renew Power Private Limited

Saudi Arabia Public Investment Fund (PIF)

Silver Lake Partners

Total S.A.

Adani Ports and Special Economic Zone Limited

Axis Capital Limited

Barclays

BofA Securities

DSP Merrill Lynch Limited

Helios Towers plc

ICICI Securities Limited

India Green Power Holdings

J.P. Morgan

JM Financial

MakeMyTripLimited

Kotak Mahindra Capital Company Limited

Morgan Stanley

ReNew Power Private Limited

Vedanta Resources

Work highlights

  • Represented Silver Lake Partners in the acquisition of a minority stake for $1.38 billion in Jio Platforms, an India-based mobile network operator.
  • Represented the underwriters, a group of 15 banks, in Reliance Industries Limited’s Rights Offering of 422,626,894 Equity Shares listed on National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). This is the largest non-financial services rights issuance undertaken globally in over a decade and the largest Indian capital markets transaction in terms of deal size.
  • Represented ReNew Power, India’s leading renewable energy company, on its definitive business combination agreement with RMG Acquisition Corporation II.

Malaysia > Foreign firms Tier 2

Latham & Watkins LLP advises domestic and international clients on a wide range of corporate and finance transactions in Malaysia. The firm handles capital markets work, M&A, private equity, bank finance, project development and specialises in Islamic finance structures. It has the expertise to both structure documents as well as negotiate the key terms of the full range of Islamic finance instruments. The team, based largely in Singapore, is led by Sharon Lau  who has strong international corporate and equity capital markets practices; she is leading on a number of IPOs. Clients are drawn from industries such as healthcare, technology, renewable energy, oil and gas, telecoms and real estate.

Practice head(s):

Key clients

TPG Capital

Mr. DIY

Pengerang Energy Complex Sdn Bhd.

Agenda Pantas Sdn. Bhd.

Credit Suisse Securities (Malaysia) Sdn. Bhd.

JPMorgan Securities (Malaysia) Sdn. Bhd.

CLSA Securities Malaysia Sdn Bhd,

CIMB Investment Bank Berhad

Hong Leong Investment Bank Berhad

Oversea-Chinese Banking Corporation Limited

Work highlights

  • Advised Malaysia’s Mr. DIY Trading Berhad on its Initial Public Offering of 941,490,000 Ordinary Shares listed on the Main Market of Bursa Malaysia Securities Berhad.
  • Advised Tencent Holdings on its acquisition of Iflix Sdn Bhd, a Malaysia-based digital entertainment services company.
  • Represented the underwriters in the IPO of Malaysian glove manufacturer Harps Holdings Bhd.

Vietnam > Foreign desks Tier 2

Latham & Watkins LLP, which has a longstanding history in Vietnam, is prominent in some of the biggest M&A, private equity and venture capital deals in the market. It also has a strong pedigree in high-profile capital markets transactions. Hong Kong-based partner Amy Beckingham is highly skilled in corporate and private equity transactions, acting on M&A, joint ventures and IPOs. She jointly leads the team with Sharon Lau, who is based in the Singapore office, and is vice-chair of the firm’s global corporate department.

Practice head(s):

Key clients

Vingroup, Vinhomes Joint Stock Company

Warburg Pincus

Online Mobile Services Joint Stock Company (MoMo)

GIC Private Limited

Work highlights

  • Advised Vingroup Joint Stock Company and its affiliates on the transaction involving the acquisition of a minority investment by KKR in Vinhomes Joint Stock Company.  
  • Advised Online Mobile Services Joint Stock Company on its series D fundraising for $100m, via subscription of shares by existing shareholders and external investors.  
  • Advised GIC Private Limited on its acquisition, by way of a consortium, of a minority stake in Vinmec International General Hospital JSC, a Vietnam-based private hospital operator.

Indonesia > Foreign firms Tier 3

Japan > Projects and energy: International firms and joint ventures

The Latham & Watkins Gaikokuho Joint Enterprise’s projects development and finance practice is praised for its extensive expertise in structuring and executing complex, multi-sources project financings across its network of global offices in landmark projects and infrastructure transactions. The team is led by Stephen McWilliams and acts as lead counsel for lenders, borrowers, project companies, developers, acquirers, sellers, governments, and state-related entities. Key industries of expertise include energy, infrastructure, mining, transport, and telecoms, with McWilliams advising on sponsor and lender mandates across the LNG, petrochemicals, and renewables sectors. Other key names to note are Michael Yoshii who counts Marubeni, Mitsubishi, and Meralco PowerGen as his key clients, and counsel Richard Chul Kim who is fluent in Japanese, Korean, and English.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Key clients

Asian Development Bank (ADB)

INPEX Corporation

Japan Bank for International Cooperation

JERA Co., Inc.

Marubeni Corporation

Mitsubishi Materials Corporation

Mizuho Bank

Nippon Export and Investment Insurance

PT Pertamina

Tokyo Gas

Work highlights

  • Advised a group of export credit agencies and a consortium of commercial bank lenders on the refinancing of approximately US$8.3 billion for the Ichthys LNG project in Australia.
  • Advised the European Investment Bank, Nippon Export and Investment Insurance (NEXI), Euler Hermes, the Export-Import Bank of Korea (KEXIM), BPI France and 12 commercial banks and other lending institutions in the US$1.6 billion financing for Sweden’s Northvolt, a European sustainable battery developer and manufacturer specialising in lithium-ion technology for electric vehicles.
  • Advised the Asian Development Bank (ADB) and Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG) on the financing for the construction and operation of a 35-MW solar power plant in Paturia, Manikgonj, Bangladesh.

Hong Kong > Banking and finance

Latham & Watkins LLP works closely with its international network in Europe and the US to provide holistic, cross-border advice in the Greater China and Asia-Pacific regions. It handles a broad range of banking and finance matters, including acquisition financing transactions, syndicated lending transactions, leveraged lending and mezzanine facilities. The team works closely with its colleagues in private equity, M&A, capital markets and financial regulatory practices across the globe and is headed from Singapore by Timothy Hia. Howard Lam acts for corporates, banks and financial sponsors on leveraged buy-outs and corporate acquisition financings. Andrew Bishop joined as partner from White & Case in September 2020 and brings considerable experience in acting for prestigious global and regional private equity clients. Gary Hamp left for Shearman & Sterling in London.

Practice head(s):

Timothy Hia (Singapore)

Key clients

Bank of America

The Carlyle Group

Morgan Stanley

Bain Capital

TPG

Baring Private Equity

Platinum Equity

Warburg Pincus

BNPP

JPMorgan Chase Bank

HSBC

Citibank

Partners Group

Bank of China

Hopu Capital

Tencent Holdings

I Squared

Hong Kong > Private equity

Latham & Watkins LLP acts for high-profile regional and global private equity players on large transactions regionally and globally, with support from its international network. The Hong Kong team works closely with its counterparts in Singapore and has strong support from its capital markets, restructuring and regulatory practices. Simon Cooke leads the team and is recommended for M&A, domestic and cross-border buyouts, PIPE, privatisations and other private equity transactions. Amy Beckingham handles public and private M&A, and securities transactions. Frank Sun is a name to note for China-related private equity work, handling both in-bound and out-bound deals.

Practice head(s):

Key clients

Warburg Pincus

TPG

Platinum Equity

The Carlyle Group

Trustar Capital (Formerly CITIC Capital)

Baring Private Equity Asia

Partners Group

CVC

KKR

Boyu Capital

MBK Partners

CDH Investments

Primavera

Work highlights

  • Advised a consortium comprising TPG, Singapore Life (SingLife), Sumitomo Life Insurance Company, and others on a transaction to combine SingLife with global insurance company Aviva plc’s Singapore life insurance business, Aviva Singapore.
  • Acted for the buyer consortium led by Tencent Holdings Limited and Hammer Capital Opportunities Fund L.P. in the $1.1bn going private transaction of Bitauto Holdings Limited.
  • Advised Warburg Pincus and another investor as co-lead investor group on its definitive agreement for the non-redeemable series A preferred share financing for JD Property, the infrastructure asset management and integrated service platform within, and a subsidiary of, JD.com.

South Korea > Projects and energy: foreign firms

Known for its expertise in multi-sourced project financings, Latham & Watkins LLP advises clients across the energy, infrastructure, mining, transport and telecoms sectors. Its client base includes major sponsors and lenders such as KEXIM, K-Sure and Hanwha Energy. Splitting his time between Singapore and Tokyo, Stephen McWilliams is head of the practice and has extensive experience in LNG, petrochemicals, renewables and infrastructure deals across Asia-Pacific. Joseph Bevash and Sungjin Kang are project finance experts based in Hong Kong and Seoul respectively.

Practice head(s):

Other key lawyers:

Key clients

The Export-Import Bank of Korea (KEXIM)

Korea Trade Insurance Corporation (K-Sure)

Korea Midland Power Co., Ltd. (KOMIPO)

Daelim Industrial

Daelim Energy Co., Ltd.

Korea Southern Power Co., Ltd. (KOSPO)

Korea National Oil Corporation (KNOC)

PT Pertamina (Persero)

Hanwha Energy

Work highlights

  • Advising PT Pertamina (Persero) on the upgrade and expansion of the Cilicap, Balongan, Plaju, Dumai and Balikpapan refineries in Indonesia.

China > Private equity: foreign firms

Latham & Watkins LLP‘s Greater China private equity practice has strong relationships with some of the most active regional and global private equity sector participants, including The Carlyle Group, Warburg Pincus, TPG, Platinum Equity, CVC and KKR. Heading the Asia private equity practice, Simon Cooke advises on domestic and cross-border buyouts, pre-IPO deals, PIPEs and privatisations; Amy Beckingham is key to the private equity practice’s regional growth; and Frank Sun is a widely recognised China-facing private equity specialist. All of the above individuals are based in Hong Kong.

Practice head(s):

Other key lawyers:

Key clients

Warburg Pincus

TPG

Platinum Equity

The Carlyle Group

Trustar Capital

Baring Private Equity Asia

Partners Group

CVC

KKR

Boyu Capital

MBK Partners

CDH Investments

Primavera

China > Banking and finance: foreign firms

Latham & Watkins LLP‘s Hong Kong-based practice covers acquisition financing, syndicated lending, mezzanine facilities, structured note and private placement transactions, and leveraged lending and recapitalisation transactions. Howard Lam acts on China-related financings, and Singapore-based Timothy Hia is the local chair of the finance department in Asia. The team welcomed finance expert Andrew Bishop who recently joining from White & Case, but lost Manas Chandrashekar and Gary Hamp.

Practice head(s):

Other key lawyers:

Key clients

Bank of America

The Carlyle Group

Morgan Stanley

Bain Capital

TPG

Baring Private Equity

Platinum Equity

Warburg Pincus

BNPP

JPMorgan Chase Bank

HSBC

Citibank

Partners Group

Bank of China

Hopu Capital

Tencent Holdings

I Squared

The firm: Latham & Watkins is a leading international law firm serving multinational companies, start-ups, investment banks, private equity funds, venture capital firms, sovereign wealth funds, governments and other organisations. The firm’s globally integrated platform spans Asia, Europe, the Middle East and the US, and consists of internationally recognised practices across a wide spectrum of transactional, litigation, corporate and regulatory areas. Latham attorneys offer unrivalled legal resources and strategic commercial thinking to provide clients with innovative solutions to complex commercial matters.

Asia practice: Businesses and investors seeking innovative solutions to their most complex corporate, financial, regulatory and litigation challenges turn to Latham in Asia for strategic thinking and experienced counsel. Latham has extensive experience advising on the international aspects of a broad range of corporate and finance transactions for clients across the region, notably Australia, China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Pakistan, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. With more than 150 lawyers operating from six offices in Asia, Latham provides clients in the region and clients looking to do business in Asia with expert advice under US, English, Hong Kong, Japanese and Singapore law. Latham’s deep roots in the financial and economic markets in the region are further strengthened by the firm’s local language capabilities.

Latham continues to receive awards and acclaim from a number of leading financial and legal publications for landmark and precedent-setting deals.

Areas of practice: The firm’s Asia practice has received considerable market recognition for its involvement in many of the most important single-country and in-region, inbound and outbound cross-border transactions. The team has extensive expertise across numerous practices, including: project development and finance (particularly in the areas of infrastructure, energy and natural resources); banking and acquisition finance; M&A; private equity; restructurings; privatisations; debt and equity capital markets; general company representation; foreign direct investment; commercial litigation and arbitration (with a particular focus on contentious insolvencies, securities and shareholder disputes); white-collar and government investigations; antitrust and competition; and technology, media and commercial transactions.

Latham is one of few international law firms able to provide clients with integrated US, English and local law advice in Singapore. The Singapore team specialises in a range of practice areas, including: capital markets, M&A, joint ventures, private equity, banking and acquisition finance, restructuring, project development and finance (with a particular focus on power and oil and gas projects) and technology, media and commercial transactions.

The Singapore office acts as the hub for the firm’s market-leading Indonesia practice, which has been involved in many of the most important project development and finance, M&A, restructurings, privatisations, and corporate finance transactions in Indonesia in recent years. Singapore is also home to the firm’s renowned India practice, which comprises more than 50 attorneys globally and advises on the country’s most significant capital markets and M&A transactions, as well as bank finance, project finance, restructuring and outsourcing.

DepartmentNameEmailTelephone
Banking, leveraged and structured finance
Capital markets
Corporate and M&A
Data privacy and cyber security
Energy
Financial regulatory
Fintech
Foreign investment
International dispute resolution
Outsourcing
Technology transactions
TMT
M&A
Private equity
Project development and finance
Public company representation
Restructuring, insolvency and workouts
Number of lawyers : more than 2,400
in Asia : 120+
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