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For more information on the Corporate and Financial Services Practice Group, please contact Claudia Teo at cteo@harryelias.com.sg.

We work closely with issue managers, underwriters, financial advisors and issuers on initial public offerings, rights issues, warrant issues, share placements, acquisitions, issues of convertibles (debt and equity), mandatory unconditional, voluntary and partial offers and reverse take-overs.

Our advisory work includes dealing in corporate governance issues, continuing compliance with listing rules and regulations and disclosure requirements in a post-IPO regulatory environment. Our team comprises experienced lawyers and corporate secretarial executives who complement one another in providing corporate legal advice and corporate secretarial services, for example acting for listed companies in connection with the convening of extraordinary and annual general meetings, drafting of announcements, circulars to shareholders on various corporate actions including acquisitions and disposals, structuring of interested person transactions and employee share option schemes and review and drafting of annual reports to ensure compliance with the rules and regulations.

We also liaise with the Singapore regulators on a continuing basis when acting for our clients in the listing and post-IPO environment.

Bearing in mind that complexities arise not in isolation, we adopt a cross-disciplinary approach when advising our clients particularly in the development and implementation of compliance programmes and work with our specialists in the Regulatory Compliance and Commercial Fraud Practice Group as and when the need arises.

 
 

We handle local, regional and international transactions every year. Our support includes advice and assistance in relation to the M&A process, co-ordinating the input of our lawyers in the team. Our team members are highly trained in all aspects of M&A work and have also been exposed to the regional and international aspects of large transactions. We actively manage, in addition to the legal process, many aspects of M&A transactions on behalf of our clients.

 

We offer a full range of banking and financial legal services. Given the complexity of financing transactions, we work closely with our clients at every stage in the project. In addition we adopt a cross-disciplinary approach when advising our clients and work with our specialists in the Construction, Engineering and Infrastructure Projects Practice Group and Real Estate and Banking Practice Group as and when the need arises. The team’s expertise and capability has spoken for itself in its recent involvement in advising the Singapore HealthPartners in the financing of the construction of the first mediplex in Singapore.

 

With the quantum growth of the Islamic Capital Market in the last few years, the Firm has positioned itself at the forefront of providing legal services on Islamic Finance structures, investment funds, trusts and securitizations.

The team works closely with Shariah experts and collaborates with leading law firms in the region to offer clients an unparalleled and comprehensive range of services in Shariah compliant financing.

We are currently working with several Middle Eastern and local companies for sukuk issuance using multiple Shariah principles such as murabaha, ijara mudharabah musyarakah and istisna’ funding programmes.


 

Our solicitors have built up experience over the last few years in assisting our clients’ business expansion into neighbouring countries including the PRC, Greater China, India, the Middle East, Indonesia and Malaysia. In the PRC for example, we have advised on IPOs of Chinese enterprises on the Singapore Stock Exchange and foreign direct investments into the PRC, in the form of joint ventures and wholly-owned foreign enterprises. We also represent international companies from the United States, PRC, the Middle East and Israel for their overseas investments and acquisitions in Singapore (first as a base) and subsequently throughout Asia.

In Singapore, our lawyers have been involved in various aspects on, and represented clients in private equity transactions and most recently in the biotechnology industry.


 

The Firm’s lawyers handle all aspects of law and regulation relating to investment funds both onshore and offshore and collective investment schemes including property funds, money market funds, hedge funds, fund of funds and equity/bond funds.

In acting for fund managers and offshore hedge funds, we advise on offering requirements, documentation and regulatory aspects in relation to the establishment, authorisation, recognition, marketing and distribution of REITS and investment funds.

We also provide advice on the regulatory and licensing requirements under the Securities and Futures Act (SFA), the Financial Advisers Act (FAA) and the Code on Collective Investment Schemes on a broad spectrum of financial services laws and regulations including the licensing, regulatory and conduct of business requirements for fund management companies, financial advisory companies and other corporate finance and other capital markets business and applying for relevant approvals and exemptions from the Singapore Monetary Authority of Singapore.


 

Our practice group has represented clients in diverse industries and undertakes a wide spectrum of general corporate and commercial work. We regularly advise on share and asset acquisitions and disposals, tender proposals, structuring of businesses and investments, agencies and distributorship agreements, share option schemes and on joint ventures and consortiums for leading developers and companies in major infrastructure projects, both in Singapore and overseas.

 

We are able to provide advice and assistance to persons who are keen to establish their business operations in Singapore. Our wide areas of expertise enable us to support corporations to set up their local presence through our services in the following areas:
  • incorporation of local companies, subsidiaries of foreign corporations and registration of branches of overseas companies;
  • statutory compliance for companies both listed and non-listed;
  • application for working passes for expatriates;
  • application for Singapore Permanent Residence under the respective schemes;
  • winding up and striking off of companies; and
  • deregistration of Singapore branch;

Our lawyers work closely with government agencies such as the International Enterprise Singapore and the Economic Development Board particularly on foreign companies wanting to set up base in Singapore and to venture into Asia.

Some of the notable transactions which our lawyers have been involved in include:


Transactions

  1. Acted for Acertec Engineering Ltd, a public listed company on the London Stock Exchange, in the S$48 million divestment of its entire shareholdings in BRC Asia Limited to HG Metal Pte. Ltd., a subsidiary of Singapore-listed HG Metal Manufacturing Ltd.

  2. Advised Singapore Health Partners in relation to the SGD$250 million syndicated loan facility in relation to the purchase and construction of the FIRST mediplex in Singapore, comprising a hospital, hotel and medical centre.

  3. Acted for Marina Bay Sands Pte Ltd, a subsidiary of Las Vegas Sands Corporation in a loan facility of SGD$1,104,040,000 and SGD$1,104,040,000 senior floating rate notes due 25 August 2008 in relation to the re-financing of the FIRST Integrated Resort at Marina Bay, Singapore.

    Acted for Marina Bay Sands Pte Ltd in the credit facility of SGD$5.25 billion to finance the construction of the Integrated Resort at Marina Bay, Singapore.

  4. Acted for Galleria Resources Limited in a mandatory unconditional cash offer to acquire all the issued shares of Vantage Corporation Ltd which was subsequently delisted from the Singapore Stock Exchange.

  5. Advised ST Aerospace, an aerospace arm of ST Engineering, a leading airframe MRO provider, in its USD$78 million joint venture with Xiamen Aviation Industry Company Ltd to provide aviation-related technology and engineering solutions in Xiamen, PRC.

  6. Acted as Singapore counsel in the acquisition of PSL Energy Services Limited and its subsidiaries, a process and pipeline company, by Halliburton Manufacturing & Services Limited, a leading provider of technology and reservoir-specific expertise in the well-site services industry for a consideration of USD$256 million.

  7. Acted as solicitors to Omega Capital Limited and SBI E2-Capital Limited in the initial public offering of CMZ Holdings Limited on the Singapore Stock Exchange.

  8. Acted for Globefin Assets Management, an independent asset management firm specializing in alternative investments with offices in London, New York and Singapore, in relation to the establishment of the Cannonball Art Fund which presented, for the FIRST time ever in Asia, the exclusive collection of Andy Warhol’s masterpieces. Globefin Assets Management has USD$600 million of assets under its management.
 
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