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NEWSBYTES 2015 OCTOBER
© Rajah & Tann Singapore LLP 1
In this Issue
News
Christopher & Lee Ong Expands Technology, Data Protection and Intellectual Property Practices...............................................................................................................
3
IFLR1000 (2016 Edition).................................................................................................... 3
Rajah & Tann Singapore Voted "Firm of the Year" by Asian-MENA Counsel's In-house Community Survey 2015...........................................................................................
3
AHP Shines at ALB Indonesia Law Awards 2015.............................................................. 3
LegisBytes
Consultations on Secondary Gas Trading Market and Future Power Generation Investments in Singapore……….…................................................................................................
4
SGX to Extend Privy List Requirement to all Material Transactions………………………… 4
Guidance on Anti-Money Laundering and Countering the Financing of Terrorism Controls in Trade Finance and Correspondent Banking................................................... 5
Consultation on Proposed Amendments to Notice PSOA-N02 (Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Stored Value Facilities).............................................................................................................................
5
Policy Consultation on Margin Requirements for Non-Centrally Cleared OTC Derivatives..........................................................................................................................
6
Consultation Paper on Liquidity Coverage Ratio Disclosure Requirements................... 6
NEWSBYTES 2015 OCTOBER
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ABS Issues Guidelines on Responsible Financing.............................................................. 7
Consultation Paper on Proposed Amendments to MAS Notice 637 to Implement Revisions to the Basel III Capital Framework...................................................................
7
Consultation on Draft Women's Charter (Amendment) Bill 2016.................................... 8
Work Injury Compensation Act (Amendment of Third Schedule) Order 2015................ 8
CaseBytes
Obtaining Approval for Meeting over Scheme of Arrangement…………………….………….. 9
Schemes of Arrangement – The Court and the Excluded Creditors….….............................. 9
Insolvency Practitioners’ Fees – A New System for Approval………………………..…………. 9
The Arbitrability of Minority Oppression Actions……………………………………………………. 10
Acquisition of 100% Equity Interest in Southern Specialist Eye Centre Sdn Bhd............ 10
HG Metal Manufacturing Limited Proposed Placement and Proposed Share Purchase and Joint Venture...............................................................................................................
11
Upcoming Events
Client Seminar: “Developments in Real Estate Practice 2015” – 5 November 2015, 12 - 2.15 pm.….…………………………..………..…………………………………………..…………………………. 11
Breakfast Seminar: “The Trans-Pacific Partnership and ASEAN Economic Community 2015 – What Lies Ahead?”..................................................................…………
12
International Fraud Group Cocktail Reception – 20 November 2015, 6 - 9 pm………….. 12
NEWSBYTES 2015 OCTOBER
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News
Christopher & Lee Ong Expands Technology, Data Protection and Intellectual Property Practices Christopher & Lee Ong ("CLO") has merged with two boutique Malaysian law firms, technology and data protection specialist firm Haryati Deepak and intellectual property firm Kandiah & Sri. Following the merger, CLO will have 61 lawyers. To view our Press Release, click here.
IFLR1000 (2016 Edition) International Financial Law Review ("IFLR") has released its 2016 IFLR1000 guide on the world's leading law firms. Rajah & Tann Singapore, R&T Sok & Heng, Assegaf Hamzah & Partners, Christopher & Lee Ong, R&T NK Legal Myanmar and R&T LCT Lawyers and their partners were ranked in their relevant practice areas. To view the full list of rankings, click here.
Rajah & Tann Singapore Voted "Firm of the Year" by Asian-MENA Counsel's In-house Community Survey 2015 Rajah & Tann Singapore has been voted the "Most Responsive Domestic Firm of the Year" for the 4th consecutive year by the Asian-MENA Counsel's In-House Community "Representing Corporate Asia & Middle East" Survey. The survey received 830 responses from senior in-house counsel. The Firm was recognized in 13 practice areas and was the sole law firm to be consistently named for awards in Insurance, Maritime and Shipping. Member law firms of the Rajah & Tann Asia network, Assegaf Hamzah & Partners was voted the most “Responsive Domestic Law Firm of the Year” in Indonesia and was awarded "Firm of the Year” in 3 practice areas; Christopher & Lee Ong was an award winner in "Energy and Natural Resources" for Malaysia and Rajah & Tann (Thailand) received an honourable mention as most “Responsive International Firm of the Year” in Thailand. To read our Press Release, click here.
AHP Shines at ALB Indonesia Law Awards 2015 At the 2015 Asian Legal Business Indonesia Law Awards held in October, Assegaf Hamzah & Partners ("AHP") was awarded Deal Firm of the Year, while AHP Managing Partner Fikri Assegaf was named Managing Partner of the Year for the second consecutive year. In addition, AHP was named joint winner of the Disputes Firm of the Year award.
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LegisBytes
Consultations on Secondary Gas Trading Market and Future Power Generation Investments in Singapore The Energy Market Authority ("EMA") has issued the following two consultation papers:
1. Development of a Secondary Gas Trading Market ("SGTM") in Singapore
EMA is seeking feedback on the eventual conceptual design of a SGTM in Singapore, and the road map for transitioning the current market structure and regulatory framework to the eventual design concept. In connection with this, EMA intends to establish an Industry Working Group to develop the detailed design of the SGTM.
2. Preparing for Future Power Generation Investments in
Singapore
This consultation consists of three key sections: (i) the proposed information that the EMA hopes to put out on the long-term outlook of the energy market; (ii) the proposed enhancements to the regulatory approval process for new and existing generation assets to give greater visibility on the capacity coming on-stream; and (iii) a proposed framework to allocate land for new generation assets.
The consultation on the development of an SGTM ends on 20 November 2015, while that on the Future Power Generation Investments closes on 21 December 2015. To access the consultation papers, click here.
Contact Soh Lip San Head, Construction & Projects D (65) 6232 0228 [email protected] Marae Ciantar Partner (Foreign Lawyer) Head, Energy & Resources D (65) 6232 0695 [email protected] Larry Lim Partner, Energy & Resources D (65) 6232 0482 [email protected]
SGX to Extend Privy List Requirement to all Material Transactions Following public consultation, Singapore Exchange ("SGX") has decided to widen the practice of listed companies maintaining a privy list to all material transactions, from only certain significant transactions currently. The consultation also considered the proposed codification of a practice for listed companies and / or controlling shareholders to privately notify the exchange of significant transactions. Feedback received showed an overall lack of consensus on the right timing for such private notifications by companies and / or controlling shareholders. Subsequent to the feedback received, SGX has decided not to proceed with the codification and will stop requiring the notifications. The changes to the privy list requirement and the removal of the private notification on significant transactions are effective 1 December 2015. To view SGX's press release on this, click here.
Contact Evelyn Wee Deputy Head, Corporate & Transactional Practice Head, Capital Markets D (65) 6232 0724 [email protected]
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Guidance on Anti-Money Laundering and Countering the Financing of Terrorism Controls in Trade Finance and Correspondent Banking On 22 October 2015, the Monetary Authority of Singapore ("MAS") published an information paper titled "Guidance on Anti-Money Laundering and Countering the Financing of Terrorism Controls in Trade Finance and Correspondent Banking". The paper was issued after a series of inspections carried out by MAS between 2012 and September 2015 on banks' trade finance activities. This information paper aims to provide guidance to banks, merchant banks and finance companies on the anti-money laundering and countering the financing of terrorism controls in trade finance and correspondent banking activities. The paper also aims to provide guidance to banks in their benchmarking against industry norms, the implementation of sound risk management practices, and the identification of control gaps. To read the information paper, click here.
Contact Angela Lim Head, Banking & Finance D (65) 6232 0189 [email protected] Terence Choo Partner, Banking & Finance D (65) 6232 0485 [email protected]
Consultation on Proposed Amendments to Notice PSOA-N02 (Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Stored Value Facilities) The Monetary Authority of Singapore ("MAS") proposed amendments to MAS Notice PSOA-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Stored Value Facilities ("SVFs") ("the Notice"). The proposed amendments address the evolving SVF landscape and enhance MAS’ surveillance of SVFs by requiring all holders, as defined under the Payment Systems (Oversight) Act (Cap. 222A), of SVFs ("SVF holders") to comply with a notification regime. In addition, all SVF holders (except for pre-defined classes of SVFs which pose low money-laundering / terrorist financing risks, whose holders will still be subject to the proposed notification regime), will be required to comply with the Notice. MAS also proposed to introduce customer due diligence requirements for relevant SVF holders for which occasional transactions are possible. More details can be found here. The consultation ended on 3 November 2015.
Contact Regina Liew Head, Financial Institutions D (65) 6232 0456 [email protected] Larry Lim Deputy Head, Financial Institutions D (65) 6232 0482 [email protected] Ruth Lin Partner, Financial Institutions D (65) 6232 0439 [email protected]
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Policy Consultation on Margin Requirements for Non-Centrally Cleared OTC Derivatives The Monetary Authority of Singapore ("MAS") conducted a public consultation on proposals to implement margin requirements for non-centrally cleared over-the-counter ("OTC") derivative trades. Margin requirements seek to reduce the build-up of systemic risk including counterparty credit risks from such uncleared derivatives and form part of the broader global reforms targeted to improve transparency, mitigate systemic risk, and protect against market abuse in the OTC derivatives market. In the consultation paper, MAS has proposed to impose margin requirements on all OTC derivatives that are not cleared by a qualifying central counterparty, except physically-settled foreign-exchange forwards and swaps. The margin requirements are generally intended to apply to entities conducting regulated activities under the Securities and Futures Act, (Cap. 289) of Singapore and will be implemented in phases, starting with banks. The consultation ended on 1 November 2015. To view the consultation paper, please click here. We issued a client update discussing the proposed margin requirements. To view the Update, please click here.
Contact Regina Liew Head, Financial Institutions D (65) 6232 0456 [email protected] Larry Lim Deputy Head, Financial Institutions D (65) 6232 0482 [email protected] Ruth Lin Partner, Financial Institutions D (65) 6232 0439 [email protected]
Consultation Paper on Liquidity Coverage Ratio Disclosure Requirements In November 2014, the Monetary Authority of Singapore ("MAS") issued Notice 649 to update the liquidity regulations for banks. In particular, the Liquidity Coverage Ratio ("LCR") requirement was introduced for domestic systemically important banks in Singapore. MAS is now consulting on a set of proposed disclosure requirements to complement the LCR requirement. The proposed disclosure requirements closely mirrors those promulgated by the Basel Committee on Banking Supervision ("BCBS") for internationally active banks. It comprises a common LCR disclosure template to promote consistency and comparability of liquidity disclosures by banks, and accompanying qualitative disclosures to help users understand the information published by banks. It also includes guidance on additional qualitative and quantitative disclosures that banks are encouraged to disclose in order to provide market participants with a broader understanding of the reporting bank’s liquidity risk profile and management. The proposed LCR disclosure requirements are intended to take effect from 1 January 2016, with banks being required to comply with these disclosure requirements from the date of the first reporting period after 1 January 2016. The consultation process ends on 9 November 2015. To view the Consultation Paper, click here.
Contact Angela Lim Head, Banking & Finance D (65) 6232 0189 [email protected] Terence Choo Partner, Banking & Finance D (65) 6232 0485 [email protected]
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ABS Issues Guidelines on Responsible Financing The Association of Banks in Singapore ("ABS") has released a set of guidelines to encourage responsible and sustainable finance across the banking sector in Singapore. The guidelines set minimum standards on responsible financing practices to be integrated into banks’ business models in Singapore. The scope of responsible financing considerations in the guidelines covers various environmental, social and governance issues including deforestation and forest degradation, labour standards and corporate ethics and integrity. The guidelines comprise three principles: (1) disclosure of senior management's commitment to responsible financing, (2) governance on responsible financing and (3) capacity building on responsible financing. The guidelines require banks in Singapore to, amongst other things, publish their policy framework in supporting responsible financing in their Annual Reports and on their websites, and to allocate resources to support the implementation of responsible financing with clear roles and responsibilities. For more details, click here. We issued a client update on the guidelines. To view the Update, click here.
Contact Angela Lim Head, Banking & Finance D (65) 6232 0189 [email protected] Terence Choo Partner, Banking & Finance D (65) 6232 0485 [email protected]
Consultation Paper on Proposed Amendments to MAS Notice 637 to Implement Revisions to the Basel III Capital Framework The Monetary Authority of Singapore ("MAS") is consulting on proposed amendments to MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore ("Notice"). The amendments are intended to implement requirements for Singapore-incorporated banks that are consistent with the final standards published by the Basel Committee on Banking Supervision to revise the Basel III Capital Framework. The proposed amendments to Part VII of the Notice will enhance the risk capture of banks' equity exposures and counterparty credit risk exposures (including exposures to central counterparties). In addition, the revised Pillar 3 disclosure requirements will enable market participants to better compare banks' disclosures of risk-weighted assets and improve consistency of disclosures. Technical revisions to Part VI of the Notice are also proposed to clarify the regulatory capital treatment for investments in unconsolidated entities. The proposed amendments are intended to take effect from 1 January 2017, other than the proposed amendments to Part XI of the Notice. Singapore-incorporated banks are to publish their first standalone Pillar 3 report which complies with the revised disclosure requirements, from the date of publication of their first set of financial statements relating to a balance sheet on or after 31 December 2016.
Contact Angela Lim Head, Banking & Finance D (65) 6232 0189 [email protected] Terence Choo Partner, Banking & Finance D (65) 6232 0485 [email protected]
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The consultation ends on 4 December 2015. To view the Consultation Paper containing the proposed amendments, click here.
Consultation on Draft Women's Charter (Amendment) Bill 2016 The Ministry of Social and Family Development ("MSF") invited the public to give feedback on the draft Women’s Charter (Amendment) Bill. MSF proposes to amend the Women’s Charter by:
• putting the child’s interest first in divorce through a mandatory parenting programme for divorcing parents;
• allowing maintenance for incapacitated men who cannot
work; • enhancing protection for women, girls, residents at places of
safety and professionals engaged in protection work; and • voiding a marriage that is a marriage of convenience under
section 57C of the Immigration Act. The public consultation closes on 8 November 2015. For more details, click here.
Contact Kee Lay Lian Partner, Family, Probate & Trust D (65) 6232 0566 [email protected]
Work Injury Compensation Act (Amendment of Third Schedule) Order 2015 The Work Injury Compensation Act (Amendment of Third Schedule) Order 2015 ("Order") has been gazetted and published on 5 October 2015. When the Order comes into operation on 1 January 2016, the minimum and maximum compensation limits for death will increase from $57,000 and $170,000 to $69,000 and $204,000, respectively. The maximum and minimum compensation limits for total permanent incapacity will likewise increase. The Order also stipulates that treatments that facilitate an employee's return to work are claimable as part of medical expenses. These include charges for case management, functional capacity evaluation and worksite assessment for purposes of rehabilitating an employed employee back to work. For more information, click here.
Contact Abdul Jabbar Head, Corporate & Transactional Practice Partner, Employment & Benefits D (65) 6232 0465 [email protected] Kala Anandarajah Partner, Employment & Benefits D (65) 6232 0111 [email protected] Desmond Wee Partner, Employment & Benefits D (65) 6232 0474 [email protected]
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CaseBytes
Obtaining Approval for Meeting over Scheme of Arrangement Section 210(1) of the Companies Act ("s210(1)") allows the Court to order a meeting between a company and its creditors to consider compromises or arrangements. In Re Sembawang Engineers and Constructors Pte Ltd [2015] SGHC 250, the Singapore High Court granted an application by Sembawang Engineers and Constructors Pte Ltd (the "Company") for a s210(1) order. The applicant Company was successfully represented by Patrick Ang, Low Poh Ling and Chew Xiang from the Restructuring & Insolvency Practice. We issued a client update on this case. To view the Update, click here.
Contact Patrick Ang Deputy Managing Partner Partner, Restructuring & Insolvency D (65) 6232 0400 [email protected] Low Poh Ling Partner, Restructuring & Insolvency D (65) 6232 0432 [email protected]
Schemes of Arrangement – The Court and the Excluded Creditors In The Royal Bank of Scotland NV v TT International Ltd [2015] SGCA 50, the Singapore Court of Appeal clarified its powers over excluded creditors when sanctioning a scheme of arrangement. The court also clarified what the creditors need to be made aware of prior to being asked to vote on a proposed scheme of arrangement. Lee Eng Beng SC, Low Poh Ling, Raelene Pereira, Jonathan Lee and Mark Ortega from the Restructuring & Insolvency and the Appeals & Issues Practices successfully acted for the Respondent in this matter. We issued a client update on this. To view the Update, click here.
Contact Low Poh Ling Partner, Restructuring & Insolvency D (65) 6232 0432 [email protected] Raelene Pereira Partner, Restructuring & Insolvency D (65) 6232 0401 [email protected] Jonathan Lee Partner, Appeals & Issues D (65) 6232 0112 [email protected]
Insolvency Practitioners’ Fees – A New System for Approval The fees charged by insolvency practitioners can sometimes be a matter of contention, with different interested parties having differing expectations. Further, there is no comprehensive set of guidelines or regulations in Singapore setting out the basis on which insolvency practitioners should determine their fees, as well as the level of information on fees that should be provided to stakeholders.
Contact Tan Chuan Thye, SC Partner, Appeals & Issues D (65) 6232 0977 [email protected]
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In Kao Chai-Chau Linda v Fong Wai Lyn Carolyn [2015] SGHC 260 Lee Eng Beng SC, Tan Chuan Thye SC, Ryan Loh, Jonathan Lee, Wilson Zhu and Fu Qui Jun from the Restructuring & Insolvency and the Appeals & Issues Practices successfully managed to reduce the fees charged by the insolvency practitioner in the matter. We issued a client update on this. To view the Update, click here.
Ryan Loh Partner, Restructuring & Insolvency D (65) 6232 0447 [email protected] Jonathan Lee Partner, Appeals & Issues D (65) 6232 0112 [email protected]
The Arbitrability of Minority Oppression Actions Arbitration has long established itself as the most commonly used form of alternative dispute resolution for commercial disputes. However, certain questions regarding its interaction with the court system remain at large, particularly where the two regimes overlap. In the recent case of Tomolugen Holdings Limited v Silica Investors Limited [2015] SGCA 57, the Singapore Court of Appeal shed some light on the threshold for a stay of court proceedings in favour of arbitration, and whether minority oppression actions are arbitrable at all. While the High Court had dismissed the application for a stay of proceedings, the Court of Appeal took a different position and partially allowed the appeal. The main appellant was successfully represented by Sim Kwan Kiat, Avinash Pradhan and Chong Kah Kheng from the Restructuring & Insolvency and the International Arbitration Practices. The court clarified that minority oppression disputes are arbitrable. Such disputes generally do not engage public policy considerations, nor does the relevant legislation suggest that the subject matter is unsuitable for arbitration. We issued a client update on this. To view the Update, click here.
Contact Sim Kwan Kiat Head, Restructuring & Insolvency D (65) 6232 0436 [email protected] Avinash Pradhan Partner, International Arbitration D (65) 6232 0234 [email protected]
Acquisition of 100% Equity Interest in Southern Specialist Eye Centre Sdn Bhd Yon See Ting, Kelvin Kho and Kimberly Goh from Christopher and Lee Ong's Corporate Practice and Teo Yi Jing and Caitlin Huang from Rajah & Tann Singapore LLP's Capital Markets / M&A Practice were involved in the acquisition by ISEC Sdn. Bhd (“ISECSB”) of the entire issued and paid-up share capital in Southern Specialist Eye Centre Sdn. Bhd ("SSEC"). ISECSB is a wholly-owned subsidiary of ISEC Healthcare Ltd., which is listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The aggregate value of the deal is RM37.1 million. The share sale and purchase agreement in relation to the acquisition was signed on 17 October 2015. The acquisition will expand the ISEC Healthcare Ltd. group’s eye specialist clinics footprint in Malacca, which serves as an established gateway to health tourists from Southern Sumatra
Contact Yon See Ting Partner, Corporate & Capital Markets D (603) 2273 1919 see.ting.yon@ christopherleeong.com Teo Yi Jing Partner, Capital Markets / M&A D (65) 6232 0733 [email protected]
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and the Riau Bintang Islands. It is also intended to tap into the affluent local market and also Singapore patients who may consider having their procedures to be performed in Malacca.
HG Metal Manufacturing Limited Proposed Placement and Proposed Share Purchase and Joint Venture Chester Toh, Kalyn Liang and Alroy Chan from Rajah & Tann's Myanmar Practice as well as Danny Lim, Chia Lee Fong and Caitlin Huang from the firm's Capital Markets / Mergers & Acquisitions Practice Group, advised HG Metal Manufacturing Limited ("HG Metal"), which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, on:
(a) the US$24.975 million proposed purchase of shares in Min Dharma Steel Structures Co. Ltd ("JV Company") by HG Metal Investments Pte. Ltd. ("HGM Investments", wholly-owned subsidiary of HG Metal) from Min Dharma Heavy Industrial Co., Ltd. ("MDHI") and the proposed joint venture between HGM Investments and MDHI in respect of the JV Company; and
(b) the S$10.647 million proposed private placement of
253,498,089 shares in HG Metal. The JV Company is a Myanmar-incorporated company, whose principal business will include the manufacture and fabrication of steel structures and parts in Myanmar. The HG Metal group is a leading steel distributor and processor in Southeast Asia. HG Metal provides a wide range of services, from trading and distributing steel products to processing and construction of industrial steel products.
Contact Chester Toh Co-Head, Myanmar Practice D (65) 6232 0220 [email protected] Danny Lim Partner, Capital Markets / M&A D (65) 6232 0475 [email protected] Chia Lee Fong Partner (Foreign Lawyer), Capital Markets / M&A D (65) 6232 0734 [email protected]
Upcoming Events
Client Seminar: "Developments in Real Estate Practice 2015" – 5 November 2015, 12 - 2.15 pm This seminar, organised by Rajah & Tann Singapore’s Real Estate Practice, comprises 3 mini-segments: 1. Purchase of Industrial and Commercial Properties - aspects
of the purchase process, with special focus on head lessor's consents;
2. Developments in Leasing Case Law - an overview of recent
cases involving ground rent, relationship between head and sub-leases and renewal of leases; and
3. Goods and Services Tax ("GST") in Real Estate Transactions - a discussion of selected issues involving GST in property dealings, such as types of properties and time of GST-registration.
Click here for more details on the seminar.
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Breakfast Seminar: "The Trans-Pacific Partnership and ASEAN Economic Community 2015 – What Lies Ahead?" On 5 October 2015, it was announced that negotiations for the Trans-Pacific Partnership ("TPP"), which had lasted for more than 5 years, have finally concluded. The TPP is essentially a free trade agreement involving 12 countries, including ASEAN Member States Singapore, Brunei Darussalam, Malaysia and Vietnam. Steptoe & Johnson LLP Partner, Meredith Rathbone, together with Rajah & Tann Singapore's Competition & Antitrust and Trade Practice will share their thoughts on the effects of the TPP on the goal of the ASEAN Economic Community ("AEC") to achieve full regional economic integration by 2015. Given that only 4 ASEAN Member States are parties to the TPP, how would this affect the other ASEAN Member States who are not parties? Will these other ASEAN Member States benefit from the TPP? Will the TPP result in a relaxation of export controls by ASEAN Member States, already promised by the AEC? How will this differ from the AEC’s goal of having a single market and production base? The session, which promises to be both interesting and informative, discusses the above questions and more. If you have a business that crosses the borders of Singapore, this is a session you will want to attend. Click here if you need more information on this seminar.
International Fraud Group Cocktail Reception – 20 November 2015, 6 - 9 pm The International Fraud Group ("IFG") is a select team of hand-picked senior lawyers from 16 countries who specialise in fraud investigations, asset tracing, trust litigation and cross border recovery actions. If you want to exchange ideas with the best and brightest in the Fraud industry, understand the steps to protect what is yours, and value-add to your business venture in UK, Europe, Caymans, BVI, the Channel Islands or Hong Kong, check out the details here.
Please feel free to also contact Knowledge and Risk Management at [email protected] ASEAN Economic Community Portal Ahead of the launch of the ASEAN Economic Community (“AEC”) in December this year, businesses looking to tap the opportunities presented by the integrated markets of the AEC can now get help a click away. Rajah & Tann Asia, United Overseas Bank and RSM Chio Lim Stone Forest, have teamed up to launch “Business in ASEAN”, a portal that provides companies with a single platform that helps businesses navigate the complexities of setting up operations in ASEAN. By tapping into the professional knowledge and resources of the three organisations through this portal, small- and medium-sized enterprises across the 10-member economic grouping can equip themselves with the tools and know-how to navigate ASEAN’s business landscape. Of particular interest to businesses is the "Ask a Question" feature of the portal which enables companies to pose questions to the three organisations which have an extensive network in the region. The portal can be accessed at http://www.businessinasean.com/.
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Our regional presence
Our regional contacts RAJAH & TANN Singapore RAJAH & TANN REPRESENTATIVE OFFICE China
Rajah & Tann Singapore LLP
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Straits Trading Building
Singapore 049910
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sg.rajahtannasia.com
Rajah & Tann Singapore LLP
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Pagoda Road, Mayangone Township, Yangon, Myanmar
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mm.rajahtannasia.com
*in association with Rajah & Tann Singapore LLP
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ASSEGAF HAMZAH & PARTNERS Indonesia RAJAH & TANN Thailand
Assegaf Hamzah & Partners
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T +62 21 2555 7800 F +62 21 2555 7899
www.ahp.co.id
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Bangkok 10330, Thailand
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* Assegaf Hamzah & Partners is an independent law firm in
Indonesia and a member of the Rajah & Tann Asia network.
RAJAH & TANN Lao PDR RAJAH & TANN LCT LAWYERS Vietnam
Rajah & Tann (Laos) Sole Co., Ltd.
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Unit 4, Saysettha District, Vientiane Capital, Lao PDR
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Rajah & Tann LCT Lawyers
Ho Chi Minh City Office
Saigon Centre, Level 13, Unit 2&3
65 Le Loi Boulevard, District 1, HCMC, Vietnam
T +84 8 3821 2382 / +84 8 3821 2673 F +84 8 3520 8206
CHRISTOPHER & LEE ONG Malaysia Hanoi Office
Lotte Center Hanoi - East Tower, Level 30, Unit 3003,
Christopher & Lee Ong
Level 22, Axiata Tower, No. 9 Jalan Stesen Sentral 5,
Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
T +60 3 2273 1919 F +60 3 2273 8310
www.christopherleeong.com
*in association with Rajah & Tann Singapore LLP
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www.rajahtannlct.com
Rajah & Tann Singapore LLP is one of the largest full service law firms in Singapore, providing high quality advice to an impressive list of clients. We place strong emphasis on promptness, accessibility and reliability in dealing with clients. At the same time, the firm strives towards a practical yet creative approach in dealing with business and commercial problems. As the Singapore member firm of the Lex Mundi Network, we are able to offer access to excellent legal expertise in more than 100 countries. Rajah & Tann Singapore LLP is part of Rajah & Tann Asia, a network of local law firms in Singapore, China, Lao PDR, Vietnam, Thailand and Myanmar, as well as associate and affiliate offices in Malaysia, Cambodia, Indonesia and the Middle East. Our Asian network also includes regional desks focused on Japan and South Asia. The contents of this Update are owned by Rajah & Tann Singapore LLP and subject to copyright protection under the laws of Singapore and, through international treaties, other countries. No part of this Update may be reproduced, licensed, sold, published, transmitted, modified, adapted, publicly displayed, broadcast (including storage in any medium by electronic means whether or not transiently for any purpose save as permitted herein) without the prior written permission of Rajah & Tann Singapore LLP. Please note also that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice for any particular course of action as such information may not suit your specific business and operational requirements. It is to your advantage to seek legal advice for your specific situation. In this regard, you may call the lawyer you normally deal with in Rajah & Tann Singapore LLP or e-mail Knowledge & Risk Management at [email protected].
