Sidley Austin LLP > Singapore, Singapore > Firm Profile

Sidley Austin LLP
LEVEL 31
6 BATTERY ROAD
SINGAPORE 049909
Singapore

Singapore > Capital markets: equity and debt: foreign firms Tier 2

Sidley Austin LLP is a major player in Asia capital markets with two senior figures in Singapore; Asia capital markets head Matthew Sheridan and Manoj Bhargava. Sheridan has been at the forefront of high-yield debt in Asia Pacific over the last two decades and remains a force in the Greater China high-yield market. Bhargava is a leader in India equity and debt offerings, advising on 10 offerings for Indian companies in 2023. Elected to the partnership in 2022, Alexius Chong has built a fine reputation in Southeast Asia debt and equity transactions. With the depth of talent in the Singapore office, the firm has established itself across multiple debt and equity product areas, including IPOs, convertible bonds, investment grade debt, high-yield bonds, liability management, distressed debt restructurings and going private transactions. Key markets include Singapore, India, Indonesia, Japan, Malaysia, the Philippines and Vietnam. In headline deals, the office advised on the largest IPO in Indonesia in 2023 (PT Amman Mineral Internasional) and the largest India IPO in 2023 (Mankind Pharma).

Practice head(s):

Matthew Sheridan; Manoj Bhargava

Other key lawyers:

Key clients

No Va Land Investment Group Corporation

J.P. Morgan

PT Mandiri Securities

PT. BNI Sekuritas

CLSA

DBS Bank

ING

Jefferies

ContextLogic

BofA Securities

Brookfield India Real Estate Trust

PT Indika Energy

Kotak Mahindra

ICICI Securities

Work highlights

  • Advised the joint lead managing underwriters on the initial public offering (IPO) and listing of shares on the Indonesia Stock Exchange (IDX) of PT Amman Mineral Internasional (AMI).
  • Representing No Va Land Investment Group Corporation, one of the largest listed real estate developers in Vietnam, in the restructuring of its Singapore Exchange-listed (SGX) $300m.
  • Represented the underwriters in the $2.15bn follow-on public offering of equity shares of Vodafone Idea, India’s largest ever follow-on public offering of equity shares.

Singapore > Investment funds: foreign firms Tier 2

The team at Sidley Austin LLP in Singapore is well-placed to collaborate with the firm's offices in Hong Kong, Beijing, Shanghai, Tokyo and Sydney on fund formation mandates, showcasing notable expertise in private equity funds and hedge funds. Based in Hong Kong, Effie Vasilopoulos leads the APAC investment funds group. Key contacts on the ground include Josephine Law, who focuses on registered fund transactions and regulatory matters, and Patrick Liu, whose relocation to Singapore strengthens the team's private equity fund formation offering.

Practice head(s):

Effie Vasilopoulos

Other key lawyers:

Key clients

EQT

UBS

BlackRock

Loyal Valley Capital

Stonepeak Investment Advisors

Proterra Investment Partners

Dymon Asia Capital

AllianceBernstein

Verition Fund Management

Pacific Eagle Group

PAG

PIMCO

Oxbow Capital Management

King Street Capital Management

Point72

Investcorp

Citadel

Singapore > White-collar crime - Foreign firms Tier 2

Highlighted for its ‘excellent knowledge base, industry domain expertise and great team work’, Sidley Austin LLP is well positioned to assist clients on corporate investigations, cross-border compliance, cyber, data privacy and sanctions work. Praised for her ‘pragmatic yet creative problem-solving approach’, Yuet Ming Tham leads the team and is noted for her expertise on matters concerning the FCPA, corporate compliance, investigations, sanctions, money-laundering regulations, and antitrust. Shu Min Ho handles complex cross-border investigations and compliance projects across a diverse range of sectors, including life sciences, technology, biotech, and industrial.

Practice head(s):

Yuet Ming Tham

Other key lawyers:

Shin Min Ho

Testimonials

‘Yuet Ming Tham runs a tight ship in leading a team of associates that is highly professional, client-oriented, and emphasises giving practical advice. Their strength is extensive experience in investigations throughout APAC, on government investigations as well as company audits.’

‘They are very responsive and gave practical advice based on their deep understanding of the industry.’

‘Yuet Ming Tham is highly sought after for investigations work, especially in the life sciences sector. She and her team stand out for their knowledge of the pharma and medical device industry, depth of experience in investigations in this sector, and their focus on giving practical advice.’

‘They have a good understanding of the dynamics of different stakeholders at a company and also the business model of the industry.’

‘Excellent knowledge base, industry domain expertise and great team work make the firm complete.’

‘Knowledge, responsiveness, thorough legal analysis and availability.’

‘The wealth of knowledge of Yuet Ming Tham and her team is always impressive. They constantly provide comprehensive and professional analysis as well as practical and innovative solutions.’

‘Yuet Ming Tham’s incisive market insights and her pragmatic yet creative problem-solving approach, definitely make her a rare lawyer. Together with her team’s deep experiences of handling the most complex regulatory issues, all these make Sidley’s white collar team stand out as one of the best teams in APAC.’

Singapore > Corporate and M&A: foreign firms Tier 3

Housing ‘a deep bench of experienced and commercial practitioners’, Sidley Austin LLP is well-placed to handle cross-border M&A and private equity transactions, with demonstrable experience in the technology, consumer, education, digital infrastructure and real estate sectors. ‘Able to cut through the fog and get to the nub of any issue’, Charlie Wilson leads the team and acts for private equity funds and corporates on their investments and disposals across Asia. Other key contacts in the group include Parthiv Rishi, who ‘has all the details of a transaction at his fingertips’, and Eldon Chan.

Practice head(s):

Charlie Wilson

Other key lawyers:

Testimonials

‘The M&A team has significant cross-border transactional expertise and is highly competent at coordinating with their colleagues in other offices and local counsels to provide clients with a seamless, one-stop shop service. They are pleasant to work with and highly responsive.’

‘Charlie Wilson is commercial and always has the big picture in mind. He is able to cut through the fog and get to the nub of any issue, and provide concise and considered advice.’

‘Parthiv Rishi is very hands-on and has all of the details of a transaction at his fingertips, and is able to come with creative solutions to seemingly intractable issues.’

‘Sidley Austin’s corporate and M&A team provides an excellent client service, their turn-around time is commendable and the quality of their work is very good. They are also flexible on fees and always willing to have a conversation about what works for the client.’

‘Parthiv Rishi excels when you have a complicated deal. He is good at sifting through the complexities and coming up with creative solutions.’

‘A deep bench of experienced and commercial practitioners, providing excellent service.’

‘Charlie Wilson leads the team well, marshalling appropriate resources and ensuring delivery of challenging transactions.’

‘It is always comforting and satisfying working with the Sidley M&A team, knowing that your company’s interests are in very good hands.’

Key clients

Stonepeak Infrastructure Partners

ChrysCapital

KKR

Gaw Capital Partners

GDS Holdings Limited

NetEase Interactive Entertainment Pte. Ltd.

Rainmaking Innovation

Precisely

Cyan Renewables (Asia) Pte. Ltd.

Xenith IG (portfolio company of DigitalBridge)

Work highlights

  • Advised Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately US$57.1 billion of assets under management, on its US$650 million strategic, preferred investment into Singapore-based AGP Sustainable Real Assets (AGP), a global infrastructure and real assets developer and operator.
  • Advised ChrysCapital in its acquisition of Xoriant Corporation, a Silicon Valley-headquartered digital product engineering, software development, and technology services firm with offices in the U.S., Europe, and Asia.
  • Advised Gaw Capital Partners on its joint venture with KKR to acquire the Hyatt Regency Tokyo from Odakyu Electric Railway Company.

Singapore > Start-up and venture capital – Foreign firms Tier 3

Sidley Austin LLP has built a fine reputation in venture and growth capital, bringing it into the heart of the start-up and emerging company sector in Southeast Asia and the wider Asia Pacific region. It covers every stage of the investment lifecycle, representing some of the biggest global and regional investors in the sector. The core team is also backed by established fintech regulatory experts in Singapore. Parthiv Rishi is an experienced private equity specialist with a background in early-stage venture financings through to trade-sales and exits. Eldon Chan impresses at associate level.

Practice head(s):

Parthiv Rishi

Other key lawyers:

Testimonials

‘The Sidley team is able to staff matters efficiently and is willing to be flexible with billing arrangements. They are gradually building a reputation of being trusted advisers on both the company-side and the investor-side, and are highly proficient at shepherding deals to completion.’

‘Parthiv Rishi is a hands-on partner who prioritises client service and satisfaction above all else.’

‘Sidley’s practice in Singapore is unique because it is one of the few international firms that offers a venture capital practice that truly spans incorporation to exit, with capabilities to advise equally on Asia-based and US-based transactions.’

‘Eldon Chan has been fantastic to work with and is extremely commercial and detail-oriented. He is well-connected in this space, has strong relationships with many of the prominent funds in the region and is always looking for ways to go above and beyond. We have been blown away by his industry knowledge and can see why other clients approach him as the first point of contact.’

Key clients

KKR (Next Generation Technology Fund)

Lightspeed India Partners

Rainmaking Global

Hillhouse Capital

NetEase Games

Xora Innovation

EDBI

Temasek

EE Capital

Blue InCube

Y Combinator

Openspace.ai

Kumu

Jungle Ventures

Work highlights

  • Represented Lightspeed and Peak XV (fka Sequoia) as lead investors in the Series C funding round of Aspire.
  • Represented NetEase Games on the $110m Series D fundraising round of Build a RocketBoy.
  • Represented EDBI in its Series A investment in Automera.

Singapore > Banking and finance: foreign firms Tier 4

Sidley Austin LLP is an emerging force in acquisition and leveraged finance, and private equity-driven financings. The Singapore team represents a broad range of private funds and is building its standing in fund-level financings and other structured financings. Given its commitment to the private funds world, it has gained further traction in private credit. Daniel Lindsey, who was previously located in Hong Kong, leads the team in Singapore, working primarily with private equity sponsors and private credit providers on financings across Asia Pacific.

Practice head(s):

Daniel Lindsey

Testimonials

‘Professional, responsiveness, and speed of execution.’

Key clients

Hillhouse Capital

Apollo Global Management

Ally Bridge Group

East West Bank

Stonepeak Infrastructure Partners

Argon

Ebix, Inc.

Geo Energy Resources Limited

Blue Earth Capital AG

Work highlights

  • Advised Apollo Global Management on the Singapore law aspects of its mezzanine financing to Yondr, which has developed a leading position in the global hyperscale sector since its inception in 2019.
  • Advised Geo Energy Resources, a major Singapore-listed company, on its acquisition financing for the acquisition of a majority stake in the Indonesian-listed Golden Eagle Energy coal mining group.
  • Advised Stonepeak Infrastructure Partners in relation to its strategic, preferred investment into Singapore-based AGP Sustainable Real Assets (AGP), a global infrastructure and real assets developer and operator.

Singapore > International arbitration Tier 4

Counting multinational corporations, governments bodies, state-owned companies and high-profile individuals among its key roster of clients, Sidley Austin LLP maintains a track record in cross-border arbitration cases, showcasing demonstrable experience across the life sciences, energy and infrastructure, real estate, financial services, technology, insurance and shipping sectors. ‘Highly intelligent and formidableTai-Heng Cheng leads the team, and is also the global co-head of the firm’s international arbitration and trade practice. ‘OutstandingJennifer Lim is another key contact in the team.

Practice head(s):

Tai-Heng Cheng

Other key lawyers:

Testimonials

‘The team displays professionalism and a spirit of cooperation.’

‘Jennifer Lim is intelligent, and fast in response to client’s request. In solving the dispute, she also carries huge sense of commerce and is willing to explore alternative solution for client.’

‘Jennifer Lim is outstanding in her expertise, diligence, the quality of her professional work, and her client relations.’

‘Sidley Austin has a strong dispute resolution and international arbitration practice, led by the extremely talented, charismatic and brilliant Tai-Heng Cheng.’

‘Tai-Heng Cheng is the consummate lawyer. Highly intelligent and formidable, he is world-class. He puts his heart into an assignment and is a very effective advocate who reads the tribunal very well. A great person to have in your corner in any complex dispute.’

‘The Sidley team was responsive and gave great advice. The strategy behind every step was thought through thoroughly.’

‘Tai-Heng Cheng and Jennifer Lim certainly stand out in the practice.’

‘Many thanks to Jennifer Lim for her efforts and hard work in assisting us to resolve with a complex dispute.’

Key clients

I-Mab Biopharma Co., Ltd.

PACC Offshore Services Holdings (POSH)

Rizal Commercial Banking Corporation (RCBC)

Work highlights

  • Secured a victory for I-Mab Biopharma Co., Ltd., in a multi-year-long, nine-figure international arbitration against Tracon Pharmaceuticals.
  • Represented PACC Offshore Services Holdings (POSH), part of the Kuok Group of Singapore, in an investment treaty arbitration against Mexico, administered by ICSID under the UNCITRAL Rules, in connection with the expropriation of claimant’s investment in the Mexican offshore marine services industry.
  • Obtained a complete victory for RCBC bank in a US$240 million RICO lawsuit concerning a cyberheist by North Korean hackers into the U.S. dollar reserves of the Central Bank of Bangladesh held at the New York Federal Reserve (Bangladesh Bank v. Rizal Commercial Banking Corporation, et al., Case No. 19-cv-00983, Southern District of New York).

Asia Pacific: Regional International Arbitration > Leading firms Tier 3

Sidley Austin covers international arbitration from its offices in Singapore and Hong Kong, where it handles a full spectrum of commercial disputes, including ones sitting against a backdrop of US-China relations. Tai-Heng Cheng in Singapore has a track record of claimant-side investor-state arbitration work. Greater China related disputes are key areas of activity for Desmond Ang, Friven Yeoh  and Yan Zhang, all of whom are based in Hong Kong.

Work highlights

Indonesia > Foreign firms Tier 3

The team at Sidley Austin LLP is co-led by Charlie Wilson and Matthew Sheridan. Wilson stands out for his wealth of experience handling cross-border investments and M&A transactions involving Indonesia. With an expertise in capital markets, Sheridan recently advised on the PT Amman Mineral Internasional’s IPO on the Indonesia Stock Exchange. Alexius Chong is also noted for his capabilities concerning capital markets; he frequently assists clients such as issuers and underwriters.

Practice head(s):

Matthew Sheridan; Charlie Wilson

Other key lawyers:

Alexius Chong; Parthiv Rishi

Testimonials

‘Sidley Austin LLP has very strong knowledge. The team has the ability to adapt with the dynamics of transactions and can turn-around the document quickly.’

‘Sidley sets clear practice groups in the firm. This ensures that clients are working with the right people for the transaction, which makes the work very efficient as well.’

‘Charlie Wilson provides comprehensive input and is very good in negotiating with counterparties.’

‘Alex Chong gives clear advice for complex transactions, which is really helpful. Alex is also very hands on in the process.’

‘As a foreign firm with an Indonesian practice, Sidley is unique in the extent of its ‘on the ground’ experience of its partners Charlie Wilson and Matt Sheridan in Indonesia.’

Key clients

PT Indika Energy Tbk

Geo Energy Resources Limited

PT Indonesia Asahan Aluminium Persero

PT J Resources Nusantara

Pintarnya

Cosmart

PT BNI Sekuritas

CLSA Sekuritas

DBS Vickers Sekuritas

Mandiri Sekuritas

Work highlights

  • Acted as international counsel to various clients on the initial public offering and listing of shares on the Indonesia Stock Exchange of PT Amman Mineral Internasional.  
  • Represented PT Indika Energy Tbk on the issuance of USD 350 million 8.75% senior notes due 2029.  
  • Acted as international counsel for GDS Holdings Ltd on its joint venture with the Indonesia Investment Authority.

India > Foreign firms

Entrusted by financial sponsors, Indian corporates and commercial banks, among other clients, Sidley Austin LLP's wide-ranging practice spans a litany of sectors, from tech and life sciences to retail and consumer products. Core streams of work include, but are not limited to capital markets, white collar investigations and tech mandates. Manoj Bhargava, who spearheads the group, handles a significant volume of equity and rights offerings and possesses considerable experience across fintech, real estate and manufacturing sectors. Parthiv Rishi is particularly strong in the private equity space, able to manage a variety of investments.

Practice head(s):

Manoj Bhargava

Other key lawyers:

Key clients

Macrotech Developers

Brookfield India Real Estate Trust

Medi Assist Healthcare Services

Axis Capital

BofA Securities India

Citigroup Global Markets India

ICICI Securities

Jefferies India

J.P. Morgan India

Kotak Mahindra Capital

Work highlights

  • Acted as international counsel to the lead managers, Kotak Mahindra Capital Company Limited, Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, and J.P. Morgan India Private Limited, in connection with the INR43bn (approximately $530m) initial public offering (IPO) of equity shares of Mankind Pharma Limited (Mankind) pursuant to Section 4(a) and Regulation S of the U.S. Securities Act of 1933.
  • Advised Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1bn of assets under management, on its $650m strategic, preferred investment into Singapore-based AGP Sustainable Real Assets (AGP), a global infrastructure and real assets developer and operator.
  • Represented the underwriters, Axis Capital, Jefferies, and SBI Capital, in connection with the $2.15bn follow-on public offering of equity shares of Vodafone Idea Limited, India’s third largest telecommunications service provider. This marks India’s largest ever follow-on public offering of equity shares.

Chair of Executive Committee: Michael J. Schmidtberger

Chair of the Management Committee: Yvette Ostolaza

Number of lawyers worldwide: Over 2,300

Number of partners: Over 650

Asia Pacific Offices: Beijing, Hong Kong, Singapore, Sydney, Tokyo

International Offices: Boston, Brussels, Century City, Chicago, Dallas, Geneva, Houston, London, Los Angeles, Miami, Munich, New York, Palo Alto, San Diego, San Francisco, and Washington, DC

Firm Overview:

Sidley is one of the few international law firms to have continuously maintained on-the-ground capabilities to serve clients in Asia Pacific for 40 years. The firm now has approximately 230 legal professionals based in six offices across the region, and provides Singapore, US, Hong Kong, English and Japanese law advice to clients where and when they need it.

Main Areas of Practice:

      • Antitrust/Competition
      • Capital Markets
      • Energy and Infrastructure
      • Finance
      • Investment Funds
      • Life Sciences
      • Litigation, Arbitration, Trade & Advocacy
      • Mergers & Acquisitions
      • Private Equity & Venture Capital
      • Regulatory & Compliance
      • Restructuring & Insolvency