OUR YEAR IN REVIEW - WongPartnership€¦ · by Philippine law) • Intellectual property and franchising rollout in the region for the Les Amis Group, including in the Philippines

Euromoney Asia

Women in Business

Law Awards 2015

WONGPARTNERSHIP

YEAR IN REVIEW

2015

>300

LAWYERS

S$54.5BN

M&A DEALS

>1,500HRS

PRO BONO

LEGAL

EDUCATION

THOUGHT

LEADERSHIP

PRO BONO

WORK

First Singapore law

�rm to act as counsel

in an investor-state

ICSID arbitration

Sole mainboard IPO

in Singapore in

2015

OUR YEAR IN REVIEWMCI (P) 010/04/2016

Our Year In Numbers ��2

Representative Deals in the Region ��4

2015 Headline Deals ��6

2015 Awards & Accolades ��8

Making a Difference ��10

Thought Leadership ��12

Legal Education ��13

What Others Say About us ��14

Introduction ��16

Arts & Media / Education ��18

Commodities ��20

Construction & Real Estate ��22

Energy & Water ��24

Financial Institutions ��26

Food & Beverage / Hospitality ��28

Government & Regulatory ��30

Manufacturing ��32

Medical & Healthcare ��34

Private Client ��36

Private Equity ��38

Technology & Telecommunications ��40

Transportation ��42

Regional Work ��44

China ��46

India ��48

Indonesia ��49

Malaysia ��50

Middle East ��51

Myanmar ��52

Contact Us ��53

CONTENTS

WONGPARTNERSHIP LLP | 1

2015 ended on a strong note, wrapping up a year of exciting developments around the region and headline-making deals and disputes� On pages 4-5, you will see an overview of our regional work, with cutting-edge deals like the S$1�53 billion sale of Olam shares to Mitsubishi Corporation, CITIC’s S$1�1 billion acquisition of Biosensors International Group and Thai Precious Projects’ S$500 million multicurrency medium term note programme� In Singapore alone our prominent matters on pages 6-7 span various sectors, from the S$5 billion merger of JTC Corporation and Temasek Holdings’ four subsidiaries to CMA CGM’s S$3�4 billion acquisition of NOL, the US$2 billion acquisition of Cushman & Wakefield to Dmitry Rybolovlev’s US$1 billion claim of masterpiece art fraud, and defending the independent state of Papua New Guinea in a US$1�5 billion expropriation claim, a first for Singaporean law firm as counsel in an investor-state ICSID arbitration� Recognition of our outstanding track record came from The Asian Lawyer’s first-ever Emerging Markets Law Firm of the Year (Independent) Award� We maintained our top tier positions in Chambers Global, Chambers Asia-Pacific and IFLR1000 and achieved recognition for various awards� Our continuing efforts to improve our firm as an equal opportunity employer also clinched us the Euromoney Legal Media Group’s Asia Women in Business Law Awards for a record fourth time� This year, the Firm beat six other finalists among national and international firms to clinch the coveted “Best Firm in Singapore” award�

All of these achievements were only possible due to our clients’ continuing support over the years� We are truly grateful for the trust you have invested in us�

Sincerely,

Alvin Yeo, Senior CounselSenior Partner

FOREWORD

LEAGUE TABLES RANKINGS: TOP SINGAPORE FIRM

MARKET LEADING POSITION

OUR YEAR IN NUMBERS

Most Responsive Domestic Firm of the Year

Asian-Mena Counsel Firms of the Year 2015

Top Singapore Firm in FT Law 25: Asia-Pacific Headquartered Firms

FT Asia-Pacific Innovative Lawyers 2015

Emerging Markets Law Firm of the Year

The Asian Lawyer’s Emerging Markets Awards 2015

Singapore Deal Firm of the Year

ALB SE Asia Law Awards 2015

Best Firm in Singapore

Asia Women in Business Law Awards 2015

APAC ex-Japan Announced Deals (by Volume)

Bloomberg Global Legal Adviser 2015 Deals

Any Asian (ex-Japan) Involvement Advisors by Target Industry: Industrials

Thomson Reuters 2015 Global M&A Review

Any Asia Pacific (ex-Japan) Involvement Announced

Thomson Reuters 2015 Global M&A Review Deals

Any Asian (ex-Japan) Involvement Announced

Thomson Reuters 2015 Global M&A Review Deals

APAC ex-Japan Loans: Legal Adviser - Borrower (by Volume)

Bloomberg Global Legal Adviser 2015

Singapore Dollar Bonds: Legal Adviser - Issuer (by Volume & Deal Count)

Bloomberg Global Legal Adviser 2015

#1

OUR YEAR IN NUMBERS

1The sole Singapore mainboard listing in 2015 -BHG Retail REIT IPO

19practice areas ranked as a Leading Firm in legal directories

29.18%market share for Singapore Dollar Bonds: Legal Adviser� We are the top Singapore Law Firm - Bloomberg Global Legal Adviser 2015

52recommended partners ranked as a Leading Lawyers in legal directories

>140days in trial - Involved in one of longest and most high profile criminal litigation matters in Singapore - City Harvest Church trial

>300 fee earners across 7 jurisidictions

>US$7bn Only Singapore law firm to be involved in at least 4 of the biggest value claims in excess of US$7 billion in total

US$54.5bn total value of 44 completed M&A deals - Bloomberg Global Legal Adviser 2015


MALAYSIA• SATS Ltd�’s

RM 218 million acquisition of stake in Brahim’s Airline Catering Holdings

• Mandatory takeover offer for StemLife Berhad by Cordlife Group

CHINA• S$1�1 billion

acquisition of Biosensors International Group by Beijing CITIC Investment Centre

• The first pure-play China Retail REIT sponsored by a PRC-based group - BHG Retail REIT’s IPO

INDONESIA• International

arbitration against an Indonesian conglomerate concerning an investment in coal mining interests in Indonesia

• PT Soechi Lines Tbk’s S$300 million secured multicurrency MTN programme

INDIA• US$325

million sale of Bangalore-based engineering services company QuEST Global to Bain Capital and GIC Private Limited

• US$119 million SIAC arbitration against an Indian company concerning the business of mobile communication devices in India

JAPAN• S$1�53 billion

acquisition of shares in Olam International by Mitsubishi Corporation

• Establishment of the Greater Tokyo Office Fund by Cordea Savills�

AUSTRALIA• Shandong Delisi’s

acquisition of stake in Australia’s Bindaree Beef Group

• Keppel DC REIT’s acquisition of a data centre in Sydney

REPRESENTATIVE DEALS IN THE REGION

THAILAND

MYANMAINDIA

SINGAPORE

UAE

PHILIPPINES• US$600 million

SIAC arbitration commenced against the liquidator of one of the largest steel manufacturers in South East Asia for alleged breach of an asset purchase agreement (governed by Philippine law)

• Intellectual property and franchising rollout in the region for the Les Amis Group, including in the Philippines

SOUTH KOREA• Samsung C&T’s

US$7�7 billion merger with Cheil Industries

• Successfully resisted an application by a major Korean conglomerate to set aside an ICC arbitration award arising from the acquisition of one of the largest chains of supermarkets in the PRC

THAILAND• Precious Projects’

S$500 million MTN programme guaranteed by Thai-based Precious Shipping PCL

• Mermaid Maritime’s US$500 million multicurrency debt issuance programme

MYANMAR• Pacific Hunt

Energy’s fund raising for the purposes of its investment in two oil and gas blocks in Myanmar

• Kimberly-Clark’s distribution of products in Myanmar

UAE• ICC arbitration

against a Danish company concerning the provision of the baggage handling system for one of the largest airports in the Middle East

• Sale and purchase transaction of beauty salon business by a private investment firm in the UAE

THAILAND

PHILIPPINES

INDONESIA

ANMAR

MALAYSIA

AUSTRALIA

CHINA

JAPAN

SOUTH KOREA

SINGAPORE

PHILIPPINES

SIA

AUSTRALIA

JAPAN

SOUTH KOREA


2015 HEADLINE DEALS

FIRST INVESTOR-STATE ARBITRATION..

First investor-state arbitration case before the Singapore High Court

Claims in excess of US$1 billion against the Government of Laos arising from the misappropriation of gaming investments

S$3.4 BILLIONACQUISITION..

S$3�4 billion acquisition of South East Asia’s largest container shipping company

Acquisition of Neptune Orient Lines by CMA CGM S�A�

FIRST WIN FOR A SINGAPORE LAW FIRM..

First Singapore law firm to act as counsel in an investor-state ICSID arbitration

Successfully defended the Independent State of Papua New Guinea against a billion dollar expropriation claim

SOLEIPO IN 2015..

Sole mainboard IPO in Singapore in 2015First pure-play China Retail REIT sponsored by a PRC-based group

BHG Retail REIT’s IPO

NOVEL DECISION..

High Court novel decision affecting the Singapore construction industry

Successfully defended Mer Vue Developments Pte� Ltd�, the developers of The Seaview Condominium in a claim for building defects based on independent contractor defence

CREATION OF ONE OF THE WORLD’S LARGEST..

Creation of one of the world’s largest real estate services firms

US$2 billion acquisition of Cushman & Wakefield by DTZ

S$5 BILLIONMERGER..

S$5 billion merger of JTC Corporation and Temasek Holdings of four subsidiaries

S$1.15BILLIONFINANCING..

S$1�15 billion property financing for Northpoint City, the largest integrated development in the north of Singapore

FIRST OF ITS KIND..

First take private of a Singapore- listed company listed through an amalgamation

S$1�1 billion amalgamation between Beijing CITIC Investment Centre and Biosensors International Group

US$37BILLIONACQUISITION..

US$37 billion acquisition of Broadcom Corporation by Avago Technologies

ONE OF SINGAPORE’S BIGGEST..

One of the biggest private banking claims in Singapore

Defending Deutsche Bank AG in a private banking claim

FORMATION OF SINGAPORE’SLARGEST..

Formation of largest Singapore infrastructure-focused business trust

Keppel Infrastructure Trust

LANDMARK RULING ON...

Court of Appeal’s landmark ruling on construction industry

Successfully acted for Asplenium Land, the developer, in respect of a residential project, calling on a bond procured by the main contractor who was terminated

US$20 BILLIONTHREE-PART TRANSACTION..

US$20 billion three-part transaction between GlaxoSmithKline and Novatis

GROUND-BREAKING DECISION..

Ground-breaking decision made over Boustead’s US$18�8 million Libya dispute

Successfully acted for Boustead Singapore in enjoining the Arab Banking Corporation (“ABC”) from receiving payment of sums of money that ABC alleged was due

US$2BILLIONART FRAUD..

Dmitry Rybolovlev’s US$2 billion claim of masterpiece art fraud

S$1.53BILLIONACQUISITION..

S$1�53 billion acquisition of stake in Olam International by Mitsubishi Corporation

S$1.1BILLIONINVESTMENT PLATFORM..

S$1�1 billion Singapore office investment platform

City Development’s second profit participation securities (PPS) transaction


2015 AWARDS & ACCOLADES

FIRM AWARDS/ACCOLADES

Singapore Deal Firm of the YearALB SE Asia Law Awards 2015

Top Singapore Firm in FT Law 25FT Innovative Lawyers 2015

Best Firm in SingaporeEuromoney Asia Women in Business Law Awards 2015

Emerging Markets Law Firm of the YearThe Asian Lawyer Emerging Markets Awards 2015

Inclusion In Best LawyersBest Lawyers 2015

PRACTICE AWARDS/ACCOLADES

Singapore Firm of the Year: Alternative Investment FundsAsian-Mena Counsel Firm of the Year 2015

Leading M&A FirmALB M&A Leading Firm 2015

Ranked in the Top 100 List of Global Arbitration ReviewGAR100 2015

Ranked in the Top 100 List of Global Competition ReviewGCR100 2015

Ranked in the Top 100 List of Global Investigations ReviewGIR100 2015

Leading Trademark/Copyright PatentsFirmALB IP Law Leading Firm 2015

Leading Copyright/Trademark Prosecution Singapore FirmAsia IP Profiles 2015

Leading Copyright/Trademark Prosecution FirmManaging IP - World IP Survey 2015

Recommended Firm for Prosecution and StrategyWTR1000 2015

Tier 1 for TaxTax Directors Handbook 2015

Recommended Firm for TaxWorld Tax 2015

DEAL AWARDS

Private Equity & Venture Capital Deal of the Year - KKR Jupiter Investors Pte� Ltd�’s investment in JBF Industries Limited’s equity sharesIndia Business Law Journal 2015

Finance Deal of the Year: Acquisition Finance- Goodpack acquisition financingThe American Lawyer’s Global Legal Awards 2015

M&A Deal of the Year: Private Equity- KKR’s $1�4B acquisition of Goodpack The Asian Lawyer’s Asia Legal Awards 2015

High Yield Deal of the Year- Pactera take-private financingIFLR Asia Awards 2015


ASIALAW PROFILES 2016

Outstanding/Recommended Firm:Banking & FinanceCapital MarketsCompetition & AntitrustConstruction & Real EstateCorporate/M&ADispute ResolutionEnergy & Natural ResourcesFinancial Services RegulatoryInsuranceIntellectual PropertyInvestment FundsIT, Telco & MediaLabour & EmploymentPrivate EquityProject Finance Restructuring & InsolvencyShipping, Maritime & AviationTax

CHAMBERS GLOBAL 2016

Leading Firm:SingaporeBanking & FinanceCapital Markets Corporate/M&ACorporate/M&A: Foreign Expertise: ChinaCorporate/M&A: Foreign Expertise: IndonesiaDispute Resolution: Arbitration Dispute Resolution: LitigationProjects & Energy

Asia PacificLife Sciences

China Corporate/M&A: Expertise Based Abroad

Indonesia Corporate & Finance: Expertise Based Abroad

United Arab EmiratesConstruction Corporate/Commercial & Commercial Contracts

CHAMBERS ASIA-PACIFIC 2016

Leading Firm:SingaporeBanking & FinanceCapital Markets Capital Markets: Securitisation & Derivatives Competition/AntitrustConstructionCorporate/M&ADispute Resolution:ArbitrationDispute Resolution:LitigationEmploymentIntellectual Property Investment FundsPrivate Client/Wealth ManagementProjects & Energy Real EstateRestructuring/InsolvencyTaxTMT

Asia PacificArbitration (International)

ChinaInternational Firms: Real Estate

IndonesiaDesks Based Abroad: Corporate & Finance

United Arab EmiratesReal Estate & ConstructionCorporate/Commercial

IFLR1000 FINANCIAL & CORPORATE 2016

Leading Firm:SingaporeBanking and Finance Capital Markets M&A Restructuring & Insolvency

China (Foreign Firms)Banking Capital Markets Private Equity M&A

Hong KongBanking Capital Markets: EquityPrivate Equity M&A

MyanmarFinancial and Corporate

United Arab EmiratesM&A

LEGAL500 ASIA PACIFIC 2016

Leading Firm:SingaporeBanking & Finance Capital Markets Corporate and M&A Dispute Resolution Employment Intellectual Property International Arbitration Projects & Energy Real Estate & Construction Restructuring & Insolvency Tax TMT

China (Foreign Firms)Intellectual PropertyReal Estate

IndonesiaForeign Firms

MyanmarCorporate and M&A Projects (including energy)

LEGAL500 EMEA 2015

Leading Firm: UAECorporate & M&A

IFLR1000 ENERGY & INFRASTRUCTURE 2015

Highly Recommended: Singapore

FESTIVE CARDS - SUPPORT FOR PATHLIGHT SCHOOL

Since 2012, we have been featuring artwork from students in Pathlight School’s Artist Development Programme in our greeting cards to clients� We are proud to be a supporter of the Autism Resource Centre (Singapore), the parent charity organisation of Pathlight School, whose spirit of teamwork and passion for excellence embody our community-aware ethos�

FOOD BANK

We have collaborated with The Food Bank Singapore to place food donation boxes in the office pantry� Employees are encouraged to donate unopened and unexpired food, for distribution to the needy� The Food Bank Singapore strives to facilitate the equitable distribution of food by collecting the surplus foods in the market and supplying them to those in need through a network of member beneficiaries�

LOVE FROM THE STARS

Deputy Chairman, Tan Chee Meng, Senior Counsel, was Chairman of the organising committee for the “Love from the Stars” charity gala dinner and concert, a ground-up initiative put together by a group of friends� The event featured Hong Kong action superstar Jackie Chan, singer-actor Wakin Chau and singer-songwriter-producer Jonathan Lee performing for a good cause� Proceeds raised through cash donations, auctions and sale of banquet tables at the charity gala dinner and concert are donated to six institutions�

01 02 03

05

CLAS FELLOWSHIP

Since its inception in 2015, we have committed to seconding lawyers to the CLAS Fellowship to carry out full-time pro bono criminal defence� There are several ways for lawyers to contribute to CLAS� One is to volunteer for cases on an ad hoc basis� Another is to sign a Memoradum of Understanding to commit the firm to a fixed number of cases per year�

We are fully committed to CLAS work and embrace the cause that helps those who are without the financial means to obtain legal advice�

MAKING A DIFFERENCE

LEGAL AID TO CHARITIES

We advise charities and community groups on legal, strategic and business issues, enabling them to focus on providing their services to people in need�

We also work closely with various charities and Institutions of a Public Character, to carry out their advisory and transactional work on a non-fee paying basis�

Our lawyers volunteer at community legal clinics organised by the Law Society, North-West and South-East Community Development Councils, as well as two legal clinics organised by the Choa Chu Kang and Holland-Bukit Timah Group Representation Constituencies.

WILLING HEARTS

Volunteers from WongPartnership regularly contribute time at Willing Hearts, a secular, non-denominational and non-affiliated charity wholly-run by volunteers� Running 365 days a year, its soup kitchen prepares, packs and delivers approximately 4,500 meals daily at over 40 distribution points across Singapore to the needy�

SGX BULL CHARGE 2015

2015 was the 12th consecutive year that WongPartnership has taken part in the SGX Bull Charge with 38 runners participating in the event�

The proceeds raised will benefit four beneficiaries – the Asian Women’s Welfare Association (AWWA) Ltd�, Autism Association (Singapore), Fei Yue Community Services and Shared Services for Charities�

THE COMMUNITY JUSTICE CUP ANNUAL CHARITY GOLF 2015

We supported the Community Justice Cup Annual Charity Golf 2015� The charity golf event is organised annually by the Community Justice Centre (CJC), an independent charity based in the State Courts, which aims to ensure that litigants in person (LIPs) have access to justice through community partnership� Besides providing free legal advice, the CJC also works collaboratively with social services agencies to address the emotional, financial, and social issues that many LIPs face�

>S$300,000Contribution to charities and sponsorships

>25 CHARITIESSupported over 25 charities in 2015

>90 LAWYERSLawyers committed to pro bono work in 2015

>1,500 HRSdedicated to pro bono work

06 07 08

04


RESPONSE TO MAS CONSULTATION PAPERS

We have a strong working relationship with the Monetary Authority of Singapore (MAS) and actively engage with them on reform of the OTC Derivatives market, amendments to the SFA and to the tax crimes predicate offences for anti-money laundering (AML) and combating the financing of terrorism (CFT)� We are also active in providing feedback on the consultation papers issued by the MAS� We have, in the past year, put together responses to numerous consultations including:

• Consultation Paper on Proposed Amendments to the Securities & Futures Act (Part XII & Section 324)

• Consultation Paper on Draft Regulations for Mandatory Clearing of Derivatives Contracts

• Policy Consultation on Margin Requirements for Non-Centrally Cleared OTC Derivatives

• Policy Consultation on the Regulatory Framework for Intermediaries Dealing in OTC Derivative Contracts, Execution-Related Advice, and Marketing of Collective Investment Scheme

• Consultation Paper on Proposed Amendments to the Securities & Futures Act

• Public Consultation on Proposed Amendments to the Securities and Futures Act, Financial Advisers Act and Trust Companies Act

AMENDMENTS TO COMPETITION COMMISSION OF SINGAPORE (CCS) GUIDELINES

WongPartnership participated in the public consultation paper on amendments to CCS Guidelines proposed by the CCS� Ameera Ashraf, Head of our Competition & Regulatory Practice is a regular participant in roundtable discussions organised by the CCS for the review of competition guidelines and legislation in Singapore�

INAUGURAL RANDSTAD SINGAPORE WORKPOCKET 2015/16

WongPartnership, together with Singapore Human Resources Institute (SHRI) and The Association for Small and Medium Enterprise (ASME) collaborated with Randstad Singapore to launch the inaugural Randstad Singapore Workpocket 2015/16� The Randstad Workpocket is often referred to as a one-stop best-practice guide for human resources professionals and business leaders globally� This guide is designed to assist all employers, large and small, in ensuring that they are aware of what is considered best practice HR processes and procedures, whilst also having a quick and readily available resource to maintain legislative compliance on employment-related matters�

THOUGHT LEADERSHIPWongPartnership engages our clients by keeping them informed of legislative and policy changes through client updates as well as client seminars�

REVISION OF THE SINGAPORE CODE ON TAKE-OVERS AND MERGERS

On 6 July 2015, The Securities Industry Council issued a consultation paper on proposed amendments to the Singapore Code on Take-overs and Mergers� We held a panel discussion and networking event for fellow professionals with an interest in M&A transactions to discuss the issues raised in the consultation paper�

We also responded to the Council with our views and the views of various financial institutions namely, Bank of America Merrill Lynch, CIMB, Citibank, Credit Suisse, DBS, Deutsche Bank, Goldman Sachs, Maybank Kim Eng, Morgan Stanley, Nomura, Rothschild, Standard Chartered Bank, UBS and UOB�

WONGPARTNERSHIP PRIZE FOR THE MOST OUTSTANDING LAW STUDENT

WONGPARTNERSHIP LLP SCHOLARSHIP IN LAW

WONGPARTNERSHIP INTERNATIONAL COMMERCIAL ARBITRATION MOOT 2015

WONGPARTNERSHIP SCHOLARSHIP

In 2008, we established a faculty-level, non-endowed scholarship at the National University of Singapore (NUS) to encourage and support students interested to enter the Singapore legal profession� Since its inception in 2008, we have awarded the scholarship to 15 outstanding students� We have pledged to the Law School to further award up to eight scholarships up to academic year 2018/2019�

In 2015, seven years into its signature event, the WongPartnership International Commercial Arbitration Moot 2015 saw a record number of registrations, with more than 110 students from both NUS and SMU participating in the competition� The competition is designed to be educational, with a parallel objective of promoting oral and written advocacy skills� Winners were given cash prizes and all finalists and winners could enjoy a two-week attachment with WongPartnership�

We have committed to make a financial contribution to Singapore Management University (SMU) Law School to establish the WongPartnership LLP Scholarship in Law� The contribution shall fund one Scholarship commencing from academic year 2011/2012� We have awarded the scholarship to five outstanding students for the students from year 2011 to 2015� We have pledged to SMU to further award up to two scholarships up to academic year 2016/2017�

The award is given annually to recognise the most outstanding graduating student from SMU’s School of Law� The award is aimed at motivating the university’s talent and spurring students to achieve greater heights of academic excellence� The School of Law’s pioneer students graduated in 2011 and we gave out the first award to an exceptional law graduate, who was also chosen to be the SMU Valedictorian for the SMU Class of 2011� The Most Outstanding Law Graduate Award has been given out to five awardees up to 2015�

OFFICIAL AND EXCLUSIVE PARTNER OF SMU’S INTERNATIONAL MOOTS PROGRAMME

From 2015, WongPartnership will be the official and exclusive partner of SMU’s International Moots Programme at the School of Law for the next three years� We will be taking an active role in mentoring, guiding, and training SMU mooters alongside the programme’s principal coaches, some of whom are already partners and lawyers of the Firm�

LEGAL EDUCATIONThe future of the profession is shaped through continuous learning and development of our lawyers� In line with our belief, WongPartnership has established scholarships and moots to encourage and promote the reading of law and participation by students�


“A very high level of service standards - the teams work late and are available anytime, day or night!”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“They performed very well. Very responsive, incredibly knowledgeable. We enjoy working with them quite a lot.” Chambers Global – The World’s Leading Lawyers for Business, 2016

“Approachable and accessible”

“They are proactive and provide a holistic service.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

“WongPartnership LLP’s team ‘knows its clients’ industry and business needs.”

“Commercial, quite efficient and effective.”The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

“WongPartnership provides comprehensive advice, which takes into

consideration commercial and financial issues related

to the transaction.”Asialaw Profiles – The Guide to

Asia-Pacific’s Leading Domestic Law Firms, 2016

“They apply a very detailed approach to complex matters, and are very cautious. At the same time, never run destructive negotiations for the sake of protecting the client’s interest”Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

”

“Robust practice with significant contentious and non-contentious capabilities.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“They show very high professionalism, and the turnaround time is very fast.”

“It has a strong reputation in the market.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“Commercial, good negotiators who knew the documents inside out.”

“Very responsive, effective, at a good level for a big project.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

”“WongPartnership

consistently demonstrates competence in carrying out the

required tasks. Its lawyers have an

in-depth understanding of our requirements.”Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic

Law Firms, 2016

“WongPartnership is one of the preeminent domestic

firms in the Singapore market and is ranked in

Tier 1 across nearly all of our financial and corporate

ranking tables.”IFLR1000: Financial & Corporate – The Guide to the World’s Leading Financial

Law Firms, 2016

“Impressive regional presence, led from Singapore and extended by offices in Abu Dhabi, China, Indonesia, Malaysia and Myanmar.” Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

”

WHAT OTHERS SAY ABOUT US

“A very high level of service standards - the teams work late and are available anytime, day or night!”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“They performed very well. Very responsive, incredibly knowledgeable. We enjoy working with them quite a lot.” Chambers Global – The World’s Leading Lawyers for Business, 2016

“Approachable and accessible”

“They are proactive and provide a holistic service.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

“WongPartnership LLP’s team ‘knows its clients’ industry and business needs.”

“Commercial, quite efficient and effective.”The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

“WongPartnership provides comprehensive advice, which takes into

consideration commercial and financial issues related

to the transaction.”Asialaw Profiles – The Guide to

Asia-Pacific’s Leading Domestic Law Firms, 2016

“They apply a very detailed approach to complex matters, and are very cautious. At the same time, never run destructive negotiations for the sake of protecting the client’s interest”Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

”

“Robust practice with significant contentious and non-contentious capabilities.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“They show very high professionalism, and the turnaround time is very fast.”

“It has a strong reputation in the market.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

“Commercial, good negotiators who knew the documents inside out.”

“Very responsive, effective, at a good level for a big project.”Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

”“WongPartnership

consistently demonstrates competence in carrying out the

required tasks. Its lawyers have an

in-depth understanding of our requirements.”Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic

Law Firms, 2016

“WongPartnership is one of the preeminent domestic

firms in the Singapore market and is ranked in

Tier 1 across nearly all of our financial and corporate

ranking tables.”IFLR1000: Financial & Corporate – The Guide to the World’s Leading Financial

Law Firms, 2016

“Impressive regional presence, led from Singapore and extended by offices in Abu Dhabi, China, Indonesia, Malaysia and Myanmar.” Chambers Asia Pacific – Asia Pacific’s Leading Lawyers for Business, 2016

”

”


INTRODUCTION

Against the economic conditions in 2014 and 2015, which saw modest cyclical economic improvements, WongPartnership has done very well� We have acted in several mega deals across industries, including innovative transactions that involved the establishment of new legal structures as well as the development of strategies and techniques to overcome regulatory hurdles� In terms of market impact, some deals served as precedents for future transactions� In the new international arbitration matters that arose in the past year, it was notable that half of the matters concerned disputes which have no elements relating to Singapore other than the fact that Singapore is the seat� These are disputes governed by a law other than Singapore, concerned entities other than Singapore companies and the subject matter of the underlying dispute did not involve Singapore in any aspect�

01

02 ARTS & MEDIA / EDUCATION

Growing affluence in the region has spawned a blossoming market in art and entertainment� Our firm is increasingly advising on interesting film production, high value artworks and Asian media� Our lawyers are involved in all aspects: financing, structuring, as well as intellectual property management�

“Well reputed for media-related work..”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

“[The firm] shines in media and entertainment matters.”The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

CORPORATE & FINANCIAL SERVICES

• Singapore Post Limited’s disposal of Novation Solutions Limited and DataPost (HK) Pte� Limited� to Jing King Tech Holdings Pte� Ltd� We acted for Singapore Post Limited�

• S$460 million acquisition of the Canadian International School by Southern Capital Group and Headland Capital Partners from Knowledge Universe� We acted for the acquirers, and also advised on the intellectual property aspects of the transaction�

• Kohlberg Kravis Roberts & Co� L�P�’s significant minority stake in CA Media, an existing Asian media portfolio of The Chernin Group, as well as the creation of Emerald Media, a new vehicle to fund investments in the media and entertainment industries across Asia� We acted as Singapore counsel in this transaction�

• Sale of artworks by Taiwanese sculptor, Ju Ming for installation in a prominent financial landmark in Hong Kong S�A�R� We acted for iPreciation Pte� Ltd�

LITIGATION & DISPUTE RESOLUTION

• Copyright infringement action against owners of “The Real Singapore” website� We acted for Singapore Press Holdings Ltd�

• Dmitry Rybolovlev (listed by Forbes as the world’s 160th wealthiest person), purchaser of US$2 billion worth of high-value artworks is claiming fraud, deceit and

conspiracy against seller, Yves Bouvier� We acted for Accent Delight International and Xitrans Finance, the two companies owned by Dmitry Rybolovlev�

SPECIALISED PRACTICES

• Production of and exploitation arrangements relating to “King of Mahjong”, a co-production between Malaysia and Singapore� We acted for Clover Films Pte� Ltd� and Clover Films Distribution Pte� Ltd�

• “Let’s Groove”, a charity single by David Foster, Anggun, Melanie C and Vanness Wu released in conjunction with Asia’s Got Talent 2015� We represented Universal Music Pte� Ltd� in drafting the recording and brand licensing agreements�

• Media Development Authority of Singapore’s (“MDA”) collaboration with HBO Singapore Productions Pte� Ltd� to support, grow and develop the drama production capabilities of the local media industry and talents� We acted for MDA�

• Film production and investment agreements for “Wanton Mee” and “In the Room”� We acted for Zhao Wei Films, a production house helmed by renowned Singaporean director Eric Khoo�

• Developing and conducting intellectual property-related course for the IP Academy, including “IPM Course & Toolkit for Procurement Officers”, “Review Risk Management in IP” and “Review Audit of Intellectual Assets”�


03COMMODITIES

Singapore remains the leading Asian trading hub for commodities, thanks to its extensive financial sector and strong regional transport links� Our clients include agricultural conglomerates such as Olam and Cargill which have big regional and even global operations running out of Singapore�

“WongPartnership LLP is lauded for its ‘in-depth knowledge’ and ‘quick response times’.”The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016


• Mitsubishi Corporation’s S$1�53 billion acquisition of stake in Olam International Limited (“Olam”)� We acted for both Olam and the selling shareholders�

• Century Sunshine Group Holdings Limited’s S$300 million multicurrency medium term note programme� We acted for the issuer�

• Olam International Limited’s A$150 million Series 8 fixed rate senior unsecured notes under its US$5 billion Euro medium term note Programme� We acted for the issuer�

• Cargill Tropical Palm Holdings Pte� Ltd�’s (“Cargill”) acquisition of the Poliplant Group in Indonesia to meet increasing demand for traceable and sustainable palm oil� We acted for Cargill�

• A global mining group’s commodity derivative transactions involving thermal coal, freight, copper, iron ore and platinum� We advised the company on regulatory and compliance requirements in Singapore�


• S$90 million claim by the owners of a Maltese titanium mining company in Turkey over a failed reverse takeover deal� We acted for the owners of the mining company�

“It’s good at what it does; very prompt and comes back quickly on

requests if something needs attention.”

Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

Outstanding for Dispute resolution

Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

• General Nice Resources (Hong Kong) Ltd�’s enforcement of arbitral award� The dispute concerned the sale and purchase of iron ore fines and lumps� We successfully acted for General Nice Resources (Hong Kong) Ltd� in seeking leave of the High Court to enforce an arbitral award�

• Multi-million dollar claim against Noble Resources Limited and Noble Group Limited for unpaid dividends, bonuses, stock options and shares granted to Mr Ricardo Leiman during his term as the Chief Operating Officer and Chief Executive Officer of the Noble Group� We acted for claimants, Mr Ricardo Leiman and Rothschild Trust Geurnsey Limited�



• Keppel Land Limited’s S$6�8 billion privatisation by Keppel Corporation Limited� We acted for Keppel Land Limited�

• Keppel Infrastructure Trust’s (“KIT”) S$2 billion combination with CitySpring Infrastructure Trust to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange, and its S$525 million acquisition of a 51% stake in Keppel Merlimau Cogen� We acted for KIT in the transactions, and the equity fund raising exercise to finance the acquisition�

• S$2�12 billion term loan facilities for a development in Paya Lebar Road/Sims Avenue, Singapore� We acted for Lendlease Corporation Limited and the Abu Dhabi Investment Authority consortium�

• S$1�15 billion financing for the land acquisition and construction costs of Northpoint City, the largest integrated development in the north of Singapore� We acted for the lenders and Hexacon Construction Pte� Ltd� in the review of a joint development deed in respect of the land parcel on which the development sits�

• City Development Limited’s (“CDL”) S$1�1 billion joint office investment platform through its second Profit Participation Securities (PPS)

04 CONSTRUCTION & REAL ESTATE

Real estate and large infrastructure projects, both in Singapore and around Asia, have kept WongPartnership busy� Our lawyers have been advising on prime commercial buildings and integrated developments in Singapore, real estate portfolio in the UK and a data centre in Australia� Whether it relates to ground-breaking structuring for financing, or advising on disputes with landmark rulings, our Firm has the breadth of expertise in all aspects�

transaction, and the S$750�05 million bank financing relating to the joint office investment platform� We acted for CDL�

• BHG Retail REIT’s S$394�2 million initial public offering, the sole mainboard listing in Singapore in 2015 and also the first pure-play China Retail REIT sponsored by a PRC-based group� We acted for DBS Bank Ltd�, the financial adviser and issue manager�

• Largest perpetual bond issue in Singapore in 2015 - Frasers Centrepoint Limited’s (“FCL”) S$700 million perpetual capital securities under its S$3 billion multicurrency debt issuance programme� We acted for FCL and FCL Treasury Pte� Ltd�

“Responsive, efficient and effective; one of the leading Singapore firms for construction-related work.” Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

Tier 1 in Real Estate & Construction for 11 consecutive years The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

• Perennial Real Estate Holdings Limited’s establishment of a S$2 billion multicurrency debt issuance programme; its maiden retail bond offering of S$300 million that was oversubscribed more than four times; and its inaugural issuance of S$100 million in aggregate principal amount of 4�25% notes� We acted for the issuer�

• Far East Orchard Limited’s S$1 billion multicurrency medium term note programme� We acted for the issuer�

• First Sponsor Group Limited’s S$1 billion multicurrency debt issuance programme� We acted for the issuer�

• AVJennings SPV No 10 Pty Limited’s S$500 million multicurrency debt issuance programme� We acted for the issuer�

• S$411�8 million financing for the acquisition and redevelopment of Park Mall, a commercial and retail property in Singapore� We acted for the borrower�

• Ascendas Real Estate Investment Trust’s S$112 million acquisition of The Kendall, a building in Singapore� We acted for Ascendas Funds Management (S) Limited�

• CapitaLand Limited’s S$104 million sale of stake in Surbana International Consultants Holdings Pte� Ltd� to Temasek Holdings (Private) Limited (“Temasek”); and the S$240 million purchase of Temasek’s stake in CapitaLand Township Holdings� We acted for

CapitaLand Limited�

• Far East Orchard Limited’s £40�9 million acquisition of a portfolio of properties in the UK� We acted as Singapore counsel to the acquirer�

• S$80 million refinancing of the offshore syndicated financing exercise in the PRC relating to onshore financing secured against retail units of Yingli International Plaza and the office units of Ying Li International Financial Centre� We acted for the syndicate of lenders, and Standard Chartered Bank as mandated lead arranger�

• Keppel DC REIT’s A$43�3 million acquisition of data centre Intellicentre 2 in Australia from Macquarie Telecom Pty Limited� We acted for the acquirer�

• Ascendas Real Estate Investment Trust’s (“A-REIT”) S$13�9 million sale of BBR Building, a light industrial building in Singapore, to BBR Holdings (S) Ltd� We acted for the manager and trustee of A-REIT�

• Establishment of the Greater Tokyo Office Fund by Cordea Savills� We acted as Singapore counsel to Cordea Savills�

• UOL Group Limited’s (“UOL”) sale of units at Principal Gardens, a private condominium development in Singapore� We acted for UOL�

• Gee-I Investments Pte� Ltd�’s (“Gee-I”) sale of units at Signature @ Yishun, an executive condominium development in Singapore� We acted for Gee-I�

• Singapore Land Limited’s (“SingLand”) development project for Pollen & Bleu, a boutique high-end condominium in Singapore� We acted for SingLand in the acquisition of land, development, and sale of units�

• Ladyhill (Private) Limited’s (“Ladyhill”) sale of units at Marine Blue, a freehold condominium development in Singapore� We acted for Ladyhill�


• Landmark High Court ruling on the extent and scope of the liability of the developer, architect and the main contractor in a claim for numerous building defects, affecting the entire construction industry� We successfully acted for Mer Vue Developments Pte� Ltd�

• Landmark Court of Appeal decision on the enforceability of a contractual clause limiting an employer’s right to restrain a call on a performance bond against a main contractor who was terminated� We successfully acted for the developer, Asplenium Land Pte� Ltd�

• A mass rapid transit tunnelling and station project dispute in two SIAC arbitrations for S$33 million claims and S$19 million counterclaims involving piling and diaphragm wall works� We acted for the main contractor�

• Dispute with contractor on the issues from delay and defects of the construction of a luxurious condominium project for claims amounting to S$24�6 million� We act for a renowned property developer�


05ENERGY & WATER

Singapore’s status as an oil trading and high value petrochemical hub, as well as our prowess in water technology, has seen our lawyers involved in a wide range of top tier matters� Major projects we have handled include advising on the S$750 million waste-to-energy plant in Singapore and the S$1�26 billion facility for the acquisition of United Envirotech�

Outstanding in Energy & Natural ResourcesAsialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

“They are basically number one for response times, they are always reachable. They are experts in the field and they also understand the client’s business.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


• S$1�26 billion term loan facilities to CITIC Environment (International) Company Limited, a consortium of CITIC Limited and Kravis Roberts & Co� L�P� to finance the acquisition of United Envirotech Ltd� We acted for the lenders�

• Hyflux Ltd� and Mitsubishi Heavy Industries consortium to develop a S$750 million waste-to-energy plant in Singapore� We acted for the consortium�

• CITIC Envirotech Ltd’s US$750 million multicurrency perpetual securities issuance programme and the inaugural drawdown of US$175 million� We acted for the issuer�

• Mermaid Maritime Public Company Private Limited’s US$500 million multicurrency debt issuance programme� We acted for the issuer�

• CITIC Envirotech Ltd�’s upsize of its US$300 million medium term note programme� DBS Bank Ltd� was added as a joint arranger and dealer, together with Standard Chartered Bank, and the programme limit was increased to US$500 million� We acted for the issuer�

• CITIC Envirotech Ltd�’s S$225 million fixed rate notes under its US$500 million medium term note programme� We acted for the issuer�

• Pacific Hunt Energy Pte� Ltd�’s (“PHEPL”) convertible notes for its US$100 million investment in two oil and gas blocks in Myanmar� We acted for PHEPL�

• Jurong Port Pte� Ltd�’s joint venture with Oiltanking Singapore Limited to build a liquid bulk terminal in Jurong Port, Singapore� We acted for Jurong Port Pte� Ltd�

• Shanghai-listed Hareon Solar Technology Co�, Ltd�’s US$35 million investment in Nereus Capital Investments (Singapore), which invests in projects in India� We acted for the subsidiary of Hareon Solar Technology Co�, Ltd�

• Proposed sale by MSIP International Holdings Cooperatief U�A� (“MSIP”) of the entire issued ordinary share capital of Continuum Wind Energy Limited to TerraForm Global Flow Holdings 2 B�V� This is the biggest buyout in India’s clean energy sector at the time of announcement� We acted as Singapore counsel to MSIP�


• Asia Resource Minerals Plc and PT Berau Coal Energy in the Singapore High Court relating to a US$173 million SIAC arbitral award� We acted for Asia Resource Minerals Plc and PT Berau Coal Energy�

• ICC arbitration between an Italian company pioneer in pipe coating for the oil and gas industries against a large Malaysian-listed company, both amongst the world’s three largest operators and suppliers in such pipe coating� We successfully acted for the claimant�

• US$255 million ICC arbitration in relation to Middle East’s first fully integrated state-of-the-art Solid Waste Management Facility which costs over QAR 3�9 billion� We acted for a specialist contractor�

• A commercial oil trading dispute between a Singapore-incorporated company and a Swiss company which involved both an ongoing ad-hoc arbitration in London and the defence of Mareva injunction proceedings brought by the Swiss company in the High Court of Singapore� We successfully acted for the Singapore-incorporated company�

• High Court action involving a multinational oil and gas corporation (the “Company”) and an ex-employee for claim for alleged breaches of the implied term of mutual trust and confidence and harassment� We successfully acted for the Company in striking out a significant part of the ex-employee’s substantial claim�


• Singapore Power Limited’s S$4�2 billion district cooling plant project in Chongqing, PRC� We acted for Singapore Power Limited and its local subsidiary�

• Restructuring and servicing of Jurong Aromatics Corporation’s (“JAC”) US$1�816 billion debt package� We acted for JAC�

• Enercoal Resources Pte� Ltd�’s US$375 million convertible bonds guaranteed by parent company, PT Bumi Resources� We acted for a group of bondholders�

• US$165 million senior secured bonds (the “Bonds”) issued by insolvent issuer Jasper Explorer Plc� We acted for Nordic Trustee ASA, the trustee to holders of the Bonds�

• SBX03 bonds issued by Seabird Exploration PLC, which is restructuring US$82 million of debt� We acted as Singapore counsel to Nordic Trustee ASA, the trustee to holders of the SBX03 bonds�


06FINANCIAL INSTITUTIONS

As a leading law firm in an international financial centre, WongPartnership handles some of the largest banking and financial deals� From financing and fund raising to regulatory and compliance, from dispute resolution to internet banking, the range and breadth of our experience has attracted large and interesting matters�


• Borsa Italiana-listed EXOR S�p�A’s US$6�9 billion merger with NYSE-listed Partner Reinsurance Asia� We acted as Singapore counsel to EXOR S�p�A in regulatory obligations arising under Singapore law�

• Frasers Commercial Trust’s private placement to raise S$142�1 million gross proceeds� We acted for Barclays Bank PLC, Singapore Branch, Citigroup Global Markets Singapore Pte� Ltd� and DBS Bank Ltd� as the joint placement agents and underwriters�

• Lippo Malls Indonesia Retail Trust’s S$40 million private placement as acquisition financing for a mall in Jakarta, Indonesia� We acted for the joint bookrunners�

• Deutsche Börse Group’s establishment of its first Asian clearing house and central counterparty clearing house in Singapore for futures and derivatives� We acted for The Deutsche Börse Group�

• CLSA Global Markets Pte� Ltd�’s (“CLSA”) licensing and regulatory matters involving their hedging activities, including OTC derivatives contracts� We acted for CLSA�

• Strategic acquisition of a multi-asset trading solution as well as an implementation and support services platform� We acted for a leading financial institution�


• One of the biggest private banking claims in Singapore involving alleged losses in excess of US$280 million in private bank accounts held with Deutsche Bank AG� We are defending Deutsche Bank�

• High Court action for the enforcement of an indemnity for over US$200 million� We act for an international private banking group�

• The recovery of funds from MF Global Singapore Pte� Ltd� and other related aspects of the company’s liquidation� We acted for MF Global Holdings Overseas Limited, MF Global Futures Trust Co� Ltd� and MF Global FXA Securities Limited�


• Launch of a set of limited edition 28th South East Asian Games UnionPay prepaid cards� We acted for OCBC Bank on its commercial collaboration and marketing agreements with UnionPay�

• DBS Bank Ltd�’s (“DBS”)partnership with SAP Asia Pte� Ltd� to leverage on the SAP Financial Services Network (FSN)� We acted for DBS�

• Singapore Exchange Securities Trading Limited’s (“SGX”) collaboration with Clearbridge Accelerator Pte� Ltd� to develop and grow a capital-raising platform for entrepreneurs and small and medium-sized enterprises, through the provision of a S$1�5 million grant� We acted for SGX�

• Barclays Bank PLC’s sale of its international offshore trust and fiduciary business to Zedra, an independent investor group led by the Sarikhani and Nielsen families� We acted for Barclays Bank PLC on the Singapore employment aspects of the transaction�

Tier 1 in Banking & FinanceTier 1 in Capital Markets since 2006

IFLR1000: Financial & Corporate – The Guide to the World’s Leading Financial Law Firms, 2016

“They’re one of the best in the Singapore market thanks to the depth of experience and number of transactions worked on..”



07FOOD & BEVERAGE /

HOSPITALITY The wealth of the rising middle class across Asia has led to an increasing appetite for a greater diversity of food and dining, as well as travel and leisure options� This trend has

spurred a sustained flurry of deals in the food & beverage sector, from mass market

products all the way to boutique purveyors of fine foods� As consumer palates evolve and

hunger for new flavours increases, we expect this expanding industry to continue seeing

interesting deals and business models, both in Singapore and further afield�


• Frasers Hospitality UK Holdings Limited and Frasers Centrepoint Limited’s acquisition financing for MHDV Holdings (UK) Limited, which owns upscale boutique lifestyle brands, Malmaison and Hotel du Vin, which are located across 25 cities in the UK� We acted for Frasers Hospitality UK Holdings Limited and Frasers Centrepoint Limited�

• Shenzhen-listed Shandong Delisi Food Co� Ltd’s A$140 million acquisition of stake in Australia’s Bindaree Beef Group� We acted for the acquirer�

• SATS Ltd�’s RM 218 million offer for 49% of Brahim’s Airline Catering Holdings, the exclusive in-flight caterer to Malaysia Airlines Berhad� We acted for a wholly-owned subsidiary of SATS Ltd�

• Foodpanda GmbH’s acquisition of the Food Runner group, an operator of online food delivery businesses, and Singapore-Dine Private Limited, a food delivery service� We acted for Foodpanda GmbH�

• L Capital Asia’s US$52 million issuance of new shares in portfolio company Crystal Jade Group Holdings to Standard Chartered Private Equity� We acted for L Capital Asia�

Tier 1 in M&A since 2007IFLR1000: Financial & Corporate – The Guide to the World’s Leading Financial Law Firms, 2016

“Their responsiveness and the results they secured were exceptional - they exceeded expectations.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

• Global Yellow Pages Limited’s proposed acquisition of Supatreats Asia Pte� Ltd� We acted for the acquirer, and also advised on the structuring of the franchising and other intellectual property licensing arrangements in relation to the business�

• Navis Asia VII Management Company Ltd�’s acquisition of a majority equity interest in Imperial Treasure Restaurant Group Pte� Ltd� We acted for the acquirer�

• CLSA Capital Partners’ investment in the PT Arena Gourmet group, which operates a chain of casual dining restaurants in Indonesia� We acted for CLSA Capital Partners�


• Nestlé Singapore’s Court of Appeal trade mark action to protect the 2- and 4- fingers Kit Kat shape� A rare five judge Court of Appeal was convened to hear the appeal, highlighting the jurisprudential significance of this case for trade mark law in Singapore� We acted for Nestlé�

• ICC arbitration commenced by an international hotel management conglomerate arising from the termination of a hotel management agreement� We acted for the respondent owners of a Maldivian luxury resort�

• L Capital Jones Ltd�’s international arbitration involving breaches of a shareholders’ agreement relating to Jones the Grocer Group Holdings Pte� Ltd� We act for L Capital Jones Ltd�

• PricewaterhouseCoopers’ (“PwC”) resistance of an application by the liquidator of Celestial Nutrifoods Ltd to compel the production of documents relating to Celestial Nutrifoods Ltd’s dealings and affairs, and PwC’s working papers� We acted for PwC�

• SIAC arbitration commenced by a foreign employee of a Singaporean property and hospitality entity (the “Company”) who was assigned to work outside of Singapore� We acted for the Company�


• Jones the Grocer International Pte� Ltd�’s judicial management and subsequent sale of its businesses Bécasse and jones the grocer� We acted for PwC, the Judicial Managers of Jones the Grocer International Pte� Ltd� in the sale of the business and the transfer of intellectual property rights�

• Intellectual property portfolio management and franchising initiatives supporting regional expansion� We acted for the Les Amis Group�

• Rebranding one of the key F&B investments of a luxury brand investment fund� We acted for the luxury brand investment fund�


08GOVERNMENT & REGULATORY

Our Firm has advised on a diverse and interesting range of government-related projects this year, both domestic and cross-border: from the S$5 billion merger of Ascendas, Jurong International Holdings, Surbana International Consultants and Singbridge, to the ongoing US$1�5 billion investor-state arbitration where we act for the Independent State of Papua New Guinea in its massive expropriation claim� The Singapore Tourism Board also has plans to rejuvenate attractions in Mandai� Intellectual property matters form an interesting segment of our portfolio� But not all our regulatory and compliance matters are captured here, though, as many of these demand discretion and confidentiality, particularly those involving investigations�

Tier 1 in Tax since 2006The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

Highly Recommended for Financial Services RegulatoryAsialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016


• Temasek Holdings (Private) Limited’s partnership with the Singapore Tourism Board in a proposed project to rejuvenate Mandai, a development which consists of the Singapore Zoo, Night Safari and River Safari� We acted for Temasek Holdings (Private) Limited�

• JTC Corporation’s S$5 billion merger with Temasek Holdings of four subsidiaries including Ascendas Pte� Ltd�, Jurong International Holdings Pte� Ltd�, Surbana International Consultants Holdings Pte� Ltd� and Singbridge Pte� Ltd� We acted for JTC Corporation�

• JTC Corporation’s S$24�8 million acquisition of 26 Senoko Way, Singapore, from Ascendas Real Estate Investment Trust� We acted for the seller�

• Central Provident Fund Board’s S$550 million sale of the CPF building� We acted for the seller�

• Tuaspring Pte� Ltd�’s regulatory and transactional issues arising under its market making arrangements with the Singapore Exchange Derivatives Trading Limited under the original Forward Sales Contract Scheme and the subsequent Enhanced Forward Sales Contract Scheme� We acted for Tuaspring Pte� Ltd� in its issues and also its outsourcing arrangements with a third party service provider�

• SP Services Limited, a Market Support Services Licensee and facilitator appointed by the Energy Market Authority (“EMA”) under the EMA’s Forward Sales Contract Scheme and subsequent Enhanced Forward Sales Contract Scheme� We acted for the above mentioned entities on legal, documentary and regulatory issues�

“In depth expertise in regulatory matters”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

“Popular choice of counsel for large conglomerates and regional governments, with involvement in

complex investment and commercial arbitration claims.”



• Government of Papua New Guinea’s successful US$1�5 billion ICSID Arbitration commenced by PNG Sustainable Development Program Limited� We act for the Independent State of Papua New Guinea�

• Government of Laos US$1 billion UNCITRAL bilateral investment treaty arbitration arising from the misappropriation of gaming investments� We act for Macau-based Sanum Investments and Netherlands-based Lao Holdings�

• An iconic project construction arbitration against a Singapore statutory board over foundation and sub-structure works� We acted for the contractor�

• Investment treaty arbitration involving claims over US$4 billion� We advised a multinational corporation�


Tier 1 in Restructuring & InsolvencyThe Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

“They hire very sound lawyers which is very reassuring and they have client care at the fore.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

09MANUFACTURING

High-end manufacturing reflects the value-add that Singapore brings to this diverse industry, with new facilities being established by large multinationals like Samsung’s US$7�7 billion acquisition of Cheil Industries and the S$1�8 billion sale of STATS ChipPAC�


• Samsung C&T Corporation’s US$7�7 billion takeover offer for Cheil Industries Inc� We acted as Singapore counsel to the acquirer�

• Temasek Holdings (Private) Limited’s S$1�8 billion sale of STATS ChipPAC Ltd� (“the Company”) to Jiangsu Changjiang Electronics Technology Co Ltd� We acted for Citigroup Global Markets Singapore Pte� Ltd� as the financial adviser to the Company, Maybank Kim Eng Securities Pte� Ltd� as the independent financial adviser to the independent directors of the Company, and DBS Bank Ltd� as the financier of the bridge acquisition financing�

• Berkley International Limited’s S$117�5 million acquisition of Lizhong Wheel Group Ltd� This is a privatisation by the target company’s major shareholder� We acted for the acquirer�

• Sunningdale Tech Ltd’s acquisition of Latvia’s Skan-Tooling� We acted for the acquirer�

• Golden Star Group’s HK$351�9 million acquisition of Singapore- and Hong Kong-listed Novo Group Ltd� We acted for Deloitte & Touche Corporate Finance Pte� Ltd�, the financial adviser to the acquirer�

• CW Group Holdings, CW Advanced Technologies and CW Advanced Technologies’ S$500 million multicurrency debt issuance programme� We acted for the issuers�

• US$750 million syndicated asset financing to Micron Semiconductor Asia, a subsidiary of Micron Technology, Inc� We acted for the lenders�

• Leading South Korean energy company, SK Innovation Co�, Ltd�’s termination of its EUR 270 million joint venture with German car parts and tyre-maker Continental AG� We acted for SK Innovation Co�, Ltd� in the

termination, and had also advised on the establishment of its joint venture in 2013�


• US$600 million SIAC arbitration involving one of the largest steel manufacturers in South East Asia against the liquidator and the secured creditors for alleged breach of an asset purchase agreement� We successfully acted for the liquidator�

• A trade mark and passing off dispute involving a U�S� automobile lubrication and additives company� We acted for the company�


10MEDICAL & HEALTHCARE

The medical and healthcare industries are an important part of our Firm’s work, whether in regional corporate activities or disciplinary matters involving medical professionals in Singapore� As a regional health hub with strategic industry networks, we have assisted clients in their investments in the active healthcare sector, including the S$1�1 billion acquisition of Biosensors and GlaxoSmithKline’s new global headquarters for Asia in Singapore


• US$20 billion three-part transaction between GlaxoSmithKline (“GSK”) and Novatis� We acted as Singapore counsel to GSK on corporate/commercial and employment matters�

• S$1�1 billion acquisition of Biosensors International Group by Beijing CITIC Investment Centre (Limited Partnership)� We acted for the acquirer in the acquisition and the financing relating to the acquisition�

• Cordlife Group Limited’s sale of its convertible note and shares in China Cord Blood Corporation as part of the latter’s US$108 million privatisation by Golden Meditech Holdings Limited� We acted for the seller�

• Cordlife Group Limited’s RM 74�6 million takeover offer for Malaysia-listed StemLife Berhad� We acted as Singapore counsel to the acquirer�

• Parkway Pantai Limited’s joint venture with Shanghai Broad Ocean Investments Co�, Ltd� and resultant lease agreement with Perennial Real Estate Holdings Limited’s Chengdu subsidiary� We acted for Parkway Pantai Limited, a subsidiary of IHH Healthcare Berhad�

• Religare Health Trust Trustee Manager Pte� Ltd’s S$60 million 4�5% notes due 2018, under its S$500 million multicurrency medium term note programme� We acted for the issuer�

• Wave Life Sciences Ltd�’s S$143�5 million initial public offering and listing on NASDAQ� We acted as a special Singapore counsel for the issuer�

• iX Biopharma Ltd�’s S$30�1 million initial public offering and listing on the Catalist board� We acted for iX Biopharma Ltd�

• Inaugural development under the Boustead Development Partnership that was formed with the Abu Dhabi Investment Council, to develop and lease GlaxoSmithKline’s new global headquarters for Asia in Singapore� We acted for Boustead Projects Pte� Ltd�

• Joint venture between a large Indonesian conglomerate and local Myanmar partner in the development of a network of private hospitals in Myanmar� We acted for the large Indonesian conglomerate�


• Disciplinary proceedings by the Singapore Medical Council (“SMC”) against Dr Kevin Teh, a general practitioner who does aesthetic

treatments for professional misconduct following a case of aesthetic treatment that went wrong� We acted for SMC�

• Mr Koo Quay Keong’s claim against consultant general surgeon, London Lucien Ooi for negligence in his advice, medical treatment and post-operation care of Mr Koo’s wife� We acted for Mr Koo Quay Keong�

• A healthcare institution’s urgent injunction against an employee who was serving his notice period for the delivery up and restraint of use of confidential and proprietary documents and information� We acted for the healthcare institution�


• Bristol-Myers Squibb’s ownership of biological samples and data collected from secondary research in Singapore� We acted for Bristol-Myers Squibb�

• Taiho Pharmaceutical’s retention obligations regarding clinical trial data� We acted for Taiho Pharmaceutical�

• Kimberly-Clark’s distribution of products in Myanmar� We acted for Kimberly-Clark on their on their distribution agreement with Mega Lifesciences Public Company Ltd�

Highly Recommended in Labour & EmploymentAsialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

“I was appreciative of the level of responsiveness and the turnaround time.”

“It’s very conscious of both commercial and legal conflict and it puts the customer first.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


11PRIVATE CLIENT

WongPartnership is best known as a top corporate law firm that handles mainly high-end business issues� But we also have a thriving specialist practice that advises individuals on a wide array of personal matters, from private wealth and trusts, to civil litigation and criminal investigations� High net worth individuals and families engage us to advise on their multi-jurisidiction asset structures� Our lawyers also help individuals faced with disciplinary, regulatory and criminal investigations, managing with discretion and sensitivity�

“They performed very well. Very responsive, incredibly knowledgeable. We enjoy working with them quite a lot.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Busines 2016


• Jumbo Group Limited’s initial public offering� We acted for cornerstone investors Heliconia Capital Management and Mr Ron Sim Chye Hock, in their investments�


• Successful, landmark application of rare cy-pres doctrine in Singapore� We acted for the trustees of a charitable trust set up by a high net worth individual to seek an order of Court for the cy-pres doctrine to be applied to a part of the net income of the said trust�

• Mr Oei Hong Leong’s CAD 500 million dispute with Concord Pacific Acquisitions Inc� over a waterfront site in Vancouver, involving proceedings in Canada and Singapore� We acted for Mr Oei Hong Leong�

• A Greek national’s EUR 69 million claim against a foreign law firm in Singapore and New Zealand� We acted for the Greek national�

• High court suit against assets worth S$30�8 million that were set up more than 25 years ago� We acted for the defendants and co-owners of various family properties�

• Validity of will dispute� We acted for clients in disputing the validity of a will propounded by the clients’ sibling�


• Structuring of a US$10 billion family trust� We acted for private wealth individuals in the structuring of their family trust�

• The estate of a world renown ophthalmologist worth S$40 million� We acted for the executors of the Estate of Professor Arthur Lim Siew Ming�

• High net worth individual with value of US$30 million assets around the world� We assisted the individual with the structuring of a private trust�

• A high net worth individual’s US$15 million trust� We assisted in the setup of a comprehensive revocable family trust involving an ultra high net worth individual and an Indonesian-listed company�

• Succession planning of trust in UK, Hong Kong S�A�R�, Australia, New Zealand and Singapore� We assisted the clients to set up a trust which takes into account tax considerations as well as the couple’s family circumstances and concerns in inculcating financial independence in the beneficiaries and yet providing for their needs�

• Complex trust structure spanning across jurisdictions� We acted for a wealthy family in the setup of a family trust to hold their interest in their family business which is proposed to be listed� The trust assets involved interest in the family business which is held in a complex structure of trusts�

• Disclosure of documents relating to a judicial review application against the Comptroller of Income Tax� We acted for a foreign high net worth individual in his application of the disclosure, where issues of the discovery regime under the Rules of Court and the Exchange of Information regime under the Income Tax Act were decided in our favour�

Ranked in Private Client/Wealth Management

“They helped us to understand the areas of risk and chose appropriate and

consistent options.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016



• TPG Capital-led consortium’s US$2 billion acquisition of Cushman & Wakefield, a leading global commercial real estate services firm� We acted as Singapore counsel to the consortium on the financing relating to the acquisition�

• S$1�18 billion acquisition of AXA Tower in Singapore’s central business district from BlackRock, Inc� We acted for the purchaser in the acquisition and the financing relating to the acquisition�

• Apollo Global Management, LLC’s $1�03 billion acquisition of OM Group, Inc�, and the sale of the Electronic Chemicals and Photomasks segments of OM Group to Platform Specialty Products Corporation� We acted for Apollo Management VIII, L�P�, a fund managed under Apollo Global Management, LLC�

• Baring Private Equity Asia’s S$450 million acquisition of Interplex Holdings Ltd� We acted for the vendors, Standard Chartered Private Equity Limited and Metcomp Group Holdings�

• US$325 million sale of Bangalore-based engineering services company QuEST Global Services Pte� Ltd� (“QuEST Global”) by Warburg Pincus LLC to Bain Capital, LP and GIC Private Limited at US$1�5 billion valuation� We acted for QuEST Global in the transaction and the set-up of a trust in relation to the sale�

• KKR Credit Advisors (US) LLC’s proposed US$150 million investment in JBF Industries Limited and JBF Global Pte� Ltd� We acted as Singapore counsel to KKR Credit Advisors (US) LLC�

• Northstar Advisors Pte� Ltd�’s US$8 million investment in ConneXionsAsia Pte� Limited� We acted for Northstar Advisors Pte� Ltd� in the investment, and also advised on intellectual property issues in connection with the transaction�

• Grant of a call option over the shares of Indonesia-listed PT Bakrie Sumatera Plantations Tbk, by a third party in favour of Black River Emerging Markets Credit Opportunity Fund II LP (“Black River”)� We acted for Black River�

• GREE Ventures, Inc�’s investment in Kudo Digital Solutions Pte� Ltd� We acted for the investor�

12PRIVATE EQUITY

Private equity financing has been the driving force behind a large portion of 2015’s deals� Whether in real estate, technology or lifestyle, Singapore continues to attract speciality and general players in this market, giving acquirers and sellers viable financing options aside from traditional bank lending and capital markets�

• GREE Ventures, Inc�’s investment in Piethis�com Pte� Ltd� We acted for the investor�

• CLSA Capital Partners’ acquisition of a project to be developed on a plot of land in Shanghai, PRC� We acted for CLSA Capital Partners on the partial financing in relation to the acquisition�

• OCBC Bank and its asset management subsidiary Lion Global Investors’ first private equity fund with outside investors� The fund ended almost 40% higher at S$550 million from its initial target of S$400 million� We acted for OCBC Bank and Lion Global Investors�


• Dispute between one of Asia’s most prominent private equity firms and a former senior employee in relation to termination and alleged entitlement of the employee to carry interest� We acted for the private equity firm�

“Singapore Firm of the Year” for Alternative Investment Funds (including

Private Equity)Asian-Mena Counsel Firms of the Year, 2015

Highly Recommended for Private Equity

Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

Demonstrates a wealth of expertise across a range of structures, with

notable strength in private equity and real estate funds. Counsel to a plethora

of blue-chip private equity houses.Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


13TECHNOLOGY & TELECOMMUNICATIONS

The development of new technology continues to shape every sector and business, disrupting and renewing traditional industries� Asia’s desire for high tech innovations has translated into many investments in this region, with many others already in the pipeline� Mobile technologies and online digital platforms are the way of the future� Our lawyers have advised numerous technology companies as well as financial institutions and industrial companies on a wide range of technology-related matters�

Ranked since 2008 for Technology, Media, Telecoms (TMT)The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

Highly recommended for IT, Telco & MediaAsialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

Regularly handles telecommunications and IT issues. Leverages off a strong showing in intellectual property to provide comprehensive advice to clients, including on contentious matters.Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


• Alibaba Investment Limited’s investment of an equity stake in Singapore Post Limited� We acted for Singapore Post Limited�

• Koichi Saito’s establishment of a venture capital fund that will focus on seed stage internet and mobile startups in South East Asia, Hong Kong S�A�R, and Taiwan� We acted for Koichi Saito�

• Secura Group Limited’s S$106�4 million initial public offering on the Catalist board� We acted for Secura Group Limited�


• Motorola Solutions Credit Company LLC’s (“Motorola”) bid to enforce a US$2�65 billion U�S� Court judgment in Singapore against members of a prominent Turkish family for a massive fraud perpetuated against Motorola� We acted for Motorola�


• Blu5 View Pte� Ltd�, a developer of integrated hardware-software platforms and network solutions� We advised on various matters including licence agreements and advising on its intellectual property strategies�

• Singapore Technologies Telemedia’s (“STT”) proposed construction of a world class data centre in Singapore� We acted for STT in its preparation of the conditions of contract and consultancy services agreement�

• A popular web messaging service’s next-generation secure online payment platform� We advised on its terms of service and privacy issues�

• Establishment of the regional hub for a global cloud solutions service provider in Singapore, as well as customer regulatory and other matters� We acted for AliCloud, the cloud computing arm of the Alibaba Group�

• An international mobile messaging application developer� We advised on telecommunications regulatory issues applicable to the use of VoIP technologies in the application�


14TRANSPORTATION

Land, sea and air transport are witnessing tremendous activity in Asia, propelled by the

affluence of the growing middle class and young populations in this region� The low cost

carrier space will continue to be interesting, with consolidation and expansion amongst new and traditional carriers� Mass rapid transit systems

and other public transport also form an important component of bustling Asian cities trying to cope with an explosion of both human and vehicular

population� Congestion management and connectivity are critical to governments hoping

to improve infrastructure whilst ensuring smooth point-to-point connections� Our lawyers have seen an interesting variety of transport matters in 2015, including the S$3�4 billion acquisition of Neptune

Orient Lines�


• Establishment of Global Logistic Properties Limited’s (GLP) second PRC-focused US$7 billion fund� We acted as Singapore counsel to GLP�

• The world’s third-largest container ship operator, CMA CGM S�A�’s proposed S$3�4 billion acquisition of Neptune Orient Lines Limited� We acted for the acquirer, the financial advisers to the acquirer, and the US$1�65 billion syndicated financing�

• Tiger Airways Holdings Limited’s S$453 million sale to Singapore Airlines Limited� We acted for Tiger Airways Holdings Limited�

• Precious Projects Pte� Limited’s S$500 million medium term note programme guaranteed by Precious Shipping Public Company Limited and Precious Shipping (Singapore) Pte� Ltd� We acted for the issuer and the guarantors�

• PT Soechi Lines Tbk’s S$300 million secured multicurrency medium term note programme� We acted for DBS Bank Ltd� and OCBC Bank as arrangers and dealers�

• Wearnes Automotive Pte� Ltd�’s (“Wearnes”) acquisition of rights for the Aston Martin dealership in Singapore� We acted for Wearnes�


• ICC arbitration against a Danish company in a dispute concerning the provision of the baggage handling system for one of the

largest international airports in the Middle East� We acted for the claimant, a Singapore-listed global integrated solutions provider of airport logistics systems�

• Alleged conspiracy involving Mr Mok Kim Whang, the former Senior Vice President of Singapore Technologies Marine Ltd� (“ST Marine”) and two other ST Marine officers to corruptly give gratification to agents of ST Marine’s customers as inducement for granting ship repair contracts to ST Marine� We acted for Mr Mok Kim Whang�


• Glory Wealth Shipping Pte� Ltd�’s US$946 million debt restructuring� We acted for Glory Wealth Shipping Pte� Ltd�

• Toll Logistics (Asia) Limited’s (“Toll”) construction project documentation for its S$228 million high tech logistics facility near Tuas port, Singapore� We acted for Toll�

• Expedia Inc�’s 25% stake acquisition of AAE Travel Pte� Ltd�from AirAsia Berhad for RM 306�1 million� We acted for the acquirer�

• Insolvency of a main contractor, Alpine Bau GmbH, for works in the Downtown Line Stage 2 rail transit system in Singapore� We act for the Land Transport Authority of Singapore�

• Research collaboration with the Agency for Science, Technology and Research (A*Star), to enhance transport infrastructure network reliability and performance� We acted for SMRT Corporation Ltd�

Outstanding in Project FinanceOutstanding in Competition & AntitrustAsialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

“The overall service is prompt, practical and cost-effective. They have in-depth understanding of clients’ operations and needs, which renders their advice extremely useful.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


15REGIONAL WORK

Every year, our work in the region expands significantly as intra-Asean and intra-Asian trade increases and foreign direct investment continues to stream in�

In corporate mergers & acquisitions, almost all targets have cross-border operations; in disputes we act for clients filing claims against parties outside their jurisdictions over projects and acquisitions in third countries� The complexities and challenges have thus also increased both from a legal perspective and culturally, in the conduct of business�

Our network and associate offices in China, Indonesia, Malaysia, the Middle East and Myanmar handle a range of both inbound and outbound work, with clients coming from the region and further afield�

Highly Recommended Firm for Capital Markets, Construction & Real Estate, Corporate/M&A and Project Finance in China.Asialaw Profiles – The Guide to Asia-Pacific’s Leading Domestic Law Firms, 2016

A reliable Singapore-led China team, acting in conjunction with offices in Shanghai and Beijing on a consistent flow of cross-border M&A. Chambers Global – The World’s Leading Lawyers for Business, 2016

16CHINA

China’s evolution into higher a value-added economy, with gradual trade liberalisation, continues to make it a large market for our Firm� In 2015, our lawyers advised a wide range of industries, from food and beverage and high technology, to medical services and real estate, amongst many others� Chinese investors scour the region for business opportunities and often use Singapore as a springboard and base� Invariably disputes also arise and we have acted on a variety of large arbitrations involving infrastructure projects�


• Establishment of Global Logistic Properties Limited’s (GLP) second PRC-focused US$7 billion fund� We acted as Singapore counsel to GLP�

• S$1�1 billion acquisition of Biosensors International Group by Beijing CITIC Investment Centre (Limited Partnership)� We acted for the acquirer in the acquisition and the financing relating to the acquisition�

• Temasek Holdings (Private) Limited’s S$1�8 billion sale of STATS ChipPAC Ltd� (“the Company”) to Jiangsu Changjiang Electronics Technology Co Ltd� We acted for Citigroup Global Markets Singapore Pte� Ltd� as the financial adviser to the Company, Maybank Kim Eng Securities Pte� Ltd� as the independent financial adviser to the independent directors of the Company, and DBS Bank Ltd� as the financier of the bridge acquisition financing�

• BHG Retail REIT’s S$394�2 million initial public offering, the only mainboard listing in Singapore in 2015 and also the first pure-play China Retail REIT sponsored by a PRC-based group� We acted for DBS Bank Ltd�

• Century Sunshine Group Holdings Limited’s S$300 million multicurrency medium term note programme� We acted for the issuer�

• Cordlife Group Limited’s sale of its convertible note and shares in China Cord Blood Corporation as part of the latter’s US$108 million privatisation by Golden Meditech Holdings Limited� We acted for the seller�

• Shenzhen-listed Shandong Delisi Food Co� Ltd’s A$140 million acquisition of stake in Australia’s Bindaree Beef Group� We acted for the acquirer�

• Berkley International Limited’s S$117�5 million acquisition of Lizhong Wheel Group Ltd� This is a privatisation by the target company’s major shareholder� We acted for the acquirer�

• Golden Star Group’s HK$351�9 million acquisition of Singapore- and Hong Kong-listed Novo Group Ltd� We acted for Deloitte & Touche Corporate Finance Pte� Ltd�, the financial adviser to the acquirer�

• Surbana International Consultants Holdings Pte� Ltd�’s acquisition of Sinosun Architects & Engineering Co� Ltd�, a PRC-based multi-disciplinary local design institute� We acted for the acquirer�


• US$230 million ICC international arbitration, arising from a disputed termination of a contract for the construction of a power plant in West Java, Indonesia� We acted for one of the PRC’s largest mechanical and electrical equipment manufacturers, listed in both Hong Kong S�A�R� and Shanghai, PRC�

• A major Korean conglomerate successfully resisting setting aside of HK$300 million ICC arbitration award� We acted for the Korean conglomerate�

• Claims over US$28 million for breach of PRC contract law in

two separate SIAC arbitrations involving an Isreali company� We acted for the Isreali company�

• General Nice Resources (Hong Kong) Ltd�’s enforcement of arbitral award� The dispute concerned the sale and purchase of iron ores fines and lumps� We successfully acted for General Nice Resources (Hong Kong) Ltd� in seeking leave of the High Court to enforce an arbitral award�

• Claims over HK$29 million under a financing agreement between a Hong Kong S�A�R� incorporated company against a British Virgin Islands incorporated company� We acted for the plaintiff�


• Singapore Power Limited’s S$4�2 billion district cooling plant project in Chongqing, PRC� We acted for Singapore Power Limited and its local subsidiary�


17INDIA

The world’s largest democracy was a significant market for both our transaction and disputes lawyers, with a number of private equity matters including KKR Jupiter Investors’s investment in JBF Industries’ equity shares which was awarded “Private Equity & Venture Capital Deal of the Year” by India Business Law Journal Annual Survey 2015�


• US$325 million sale of Bangalore-based engineering services company QuEST Global Services Pte� Ltd� (“QuEST Global”) by Warburg Pincus LLC to Bain Capital, LP and GIC Private Limited at US$1�5 billion valuation� We acted for QuEST Global in the transaction, as well as the set-up of a trust in relation to the sale�

• KKR Credit Advisors (US) LLC’s proposed US$150 million investment in JBF Industries Limited and JBF Global Pte� Ltd� We acted as Singapore counsel to KKR Credit Advisors (US) LLC�

• Proposed sale by MSIP International Holdings Cooperatief U�A� (“MSIP”) of the entire issued ordinary share capital of Continuum Wind Energy Limited to TerraForm Global Flow Holdings 2 B�V� This is the biggest buyout in India’s clean energy sector at the time of announcement� We acted as Singapore counsel to MSIP�

• Kohlberg Kravis Roberts & Co� L�P�’s significant minority stake in CA Media, an existing Asian media portfolio of The Chernin Group, as well as the creation of Emerald Media, a new vehicle to fund investments in the media and entertainment industries across Asia� We acted as Singapore counsel in this transaction�

“They were pragmatic, and explained things clearly enough for business folk

to understand what was going on.”

“They work as a team with the clients, and can see the issues from the clients’

perspective.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016

• Kohlberg Kravis Roberts & Co� L�P�’s (“KKR”) establishment of an investment structure that will provide structured credit solutions to the real estate sector in India� We acted for KKR�


• US$119 million SIAC arbitration against an Indian company concerning the business of mobile communication devices in India� We acted for a UAE entity, a joint venture partner of the Indian company�

an international hotel company, in two consolidated US$119 million SIAC arbitrations� We acted for an Indonesian company and an Indonesian national�

• International arbitration against an Indonesian conglomerate concerning an investment in coal mining interests in Indonesia� We successfully acted for the claimants�


• PT Berau Coal Energy Tbk’s US$950 million restructuring of high yield bonds in Singapore� We acted for PT Berau Coal Energy Tbk�

• Airtrust (Singapore) Pte Ltd� We acted for the Receivers and Managers of Airtrust (Singapore) Pte Ltd and advised on the management of the holding company and subsidiaries with substantial operations in Indonesia�

• Les Amis Group’s intellectual property portfolio management and franchising strategies in Indonesia� We acted for the Les Amis Group�

• High net worth individual’s US$15 million trust� We assisted in the setup of a comprehensive revocable family trust involving an ultra high net worth individual and an Indonesian-listed company�


• Enercoal Resources Pte� Ltd�’s US$375 million convertible bonds guaranteed by parent company, PT Bumi Resources� We acted for a group of bondholders�

• PT Soechi Lines Tbk’s S$300 million secured multicurrency medium term note programme� We acted for DBS Bank Ltd� and OCBC Bank as arrangers and dealers�

• PT Duta Anggada Realty Tbk’s S$160 million multicurrency medium term note programme� We acted for Credit Suisse (Singapore) Limited�

• Lippo Malls Indonesia Retail Trust’s S$40 million private placement as acquisition financing for a mall in Jakarta, Indonesia� We acted for the joint bookrunners�

• Grant of US$32 million and US$29�6 million guaranteed revolving and other ancillary trade facilities to PT Aroma Mega Sari and PT Budi Subur Tanindo respectively� We acted for the lender and security agent as drafting counsel�

• Cargill Tropical Palm Holdings Pte� Ltd�’s (“Cargill”) acquisition of the Poliplant Group in Indonesia to meet increasing demand for traceable and sustainable palm oil� We acted for Cargill�

• Grant of a call option over the shares of PT Bakrie Sumatera Plantations Tbk, by a third party in favour of Black River Emerging Markets Credit Opportunity Fund II LP (“Black River”)� We acted for Black River�

• CLSA Capital Partners’ investment in the PT Arena Gourmet group, which operates a chain of casual dining restaurants in Indonesia� We acted for CLSA Capital Partners�


• An Indonesian law-governed lease agreement SIAC dispute concerning a luxury resort in Bali, against an Indonesian subsidiary of

Leading International Firm for Corporate & Finance in Indonesia since 2013 Chambers Global – The World’s Leading Lawyers for Business, 2016

18INDONESIA As the largest economy in ASEAN, Indonesia continues to be a lure for investors with active intra-regional trade and rising domestic demand� Through our association with Makes & Partners, we have built a strong alliance with expertise in advising both commercial transactions and disputes arising out of Indonesia’s rising trade�



• KNM Group Berhad’s S$300 million multicurrency medium term note programme� We acted for the issuer, the guarantor, and the arranger�

• Expedia Inc�’s 25% stake acquisition of AAE Travel Pte� Ltd�from AirAsia Berhad for RM 306�1 million� We acted for the acquirer�

• Cordlife Group Limited’s RM 74�6 million takeover offer for Malaysia-listed StemLife Berhad� We acted as Singapore counsel to the acquirer�

• SATS Ltd’ RM 218 million offer for 49% of Brahim’s Airline Catering Holdings, the exclusive in-flight caterer to Malaysia Airlines Berhad� We acted for a wholly-owned subsidiary of SATS Ltd�

• Parkway Pantai Limited’s joint venture with Shanghai Broad Ocean Investments Co�, Ltd� and resultant lease agreement with Perennial Real Estate Holdings Limited’s Chengdu subsidiary� We acted for Parkway Pantai Limited, a subsidiary of IHH Healthcare Berhad�

• Splendid Investments Limited’s S$300 million multicurrency medium term note programme� We acted for the issuer and the guarantor, KNM Group Berhad through China wall arrangements�

“Very professional, with a good understanding of the cultural

ramifications of the deal.”

“Extensive experience in complex and multi-jurisdictional

commercial disputes.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


• ICC arbitration between an Italian company pioneer in pipe coating for the oil and gas industries against a large Malaysian-listed company, both amongst the world’s three largest operators and suppliers in such pipe coating� We successfully acted for the claimant�


• Production of and exploitation arrangements relating to “King of Mahjong”, a co-production between Malaysia and Singapore� We acted for Clover Films Pte� Ltd� and Clover Films Distribution Pte� Ltd�

19MALAYSIA

Singapore’s closest neighbour continues to be one of our largest investment destinations as both countries enjoy positive relations on a state level� WongPartnership has been working with Foong & Partners, our strategic alliance partner, on major deals and investments�

20MIDDLE EAST

Much of our work in the Middle East has centred around large-scale infrastructure projects, including Middle East’s first fully integrated state-of-the-art Solid Waste Management Facility� In addition, we have also advised airline caterers and property consultants, as well as on specialist airline chartering�

Recommended For M&A in the UAE since 2012IFLR1000: Financial & Corporate – The Guide to the World’s Leading Financial Law Firms, 2016

“They were clear in their advice and open to being tested on various fronts.”Chambers Asia-Pacific – Asia-Pacific’s Leading Lawyers for Business, 2016


• Inaugural development under the Boustead Development Partnership that was formed with the Abu Dhabi Investment Council, to develop and lease GlaxoSmithKline’s new global headquarters for Asia in Singapore� We acted for Boustead Projects Pte� Ltd�

• Drafting and implementation of bespoke tripartite property management agreements between bank, mortgagor and property management company� We acted for a UAE-based property consultant�

• Proposed joint venture between a construction company and a Finnish airline operator to operate a commercial airline out of Abu Dhabi, UAE� We acted for the construction company�


• US$255 million ICC arbitration in relation to Middle East’s first fully integrated state-of-the-art Solid Waste Management Facility which costs over QAR 3�9 billion� We acted for a specialist contractor�

• ICC arbitration against a Danish company in a dispute concerning the provision of the baggage handling system for one of the largest international airports in the Middle East� We acted for the claimant, a Singapore-listed global integrated solutions provider of airport logistics systems�

• Dispute arising out of a subcontract agreement executed by a UAE precast concrete technology company and a UAE trading company in relation to the construction of a large scale labour accommodation� We successfully acted for the claimant�

• Litigation proceedings involving the UAE branch of a major Singapore construction company (the “Company”) against its local sub-contractor in relation to alleged non-payment of claims� We defended the Company�



• Pacific Hunt Energy Pte� Ltd�’s (“PHEPL”) convertible notes for its US$100 million investment in two oil and gas blocks in Myanmar� We acted for PHEPL�

• Keppel Land Limited’s US$47�4 million joint venture for the development of an office tower in Junction City in Yangon, Myanmar� We acted for Keppel Land Limited�

• US$10 million convertible bonds subscription agreement for the purposes of raising funds for a local conglomerate’s property and industrial park developments in Myanmar� We advised an offshore fund�

• Joint venture between a large Indonesian conglomerate and local Myanmar partner in the development of a network of private hospitals in Myanmar� We acted for the large Indonesian conglomerate�

• Lease agreements with a Myanmar company over industrial land in Myanmar� We acted for a leading Singapore property development and construction company�


• Kimberly-Clark’s distribution of products in Myanmar� We acted for Kimberly-Clark on their distribution agreement with Mega Lifesciences Public Company Ltd�

Leading firm for Corporate and M&A and Projects (including Energy) in Myanmar

“The ‘very responsive and commercial’ WongPartnership Myanmar Ltd. advises on construction and project financing.”The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession, 2016

21 MYANMAR

As a still young economy, Myanmar has been a thriving market for our clients in infrastructure and development projects� Our lawyers have advised international investors like Pacific Hunt Energy and Kimberly-Clark, as well as regional investors from Singapore�

SINGAPORE WongPartnership LLP12 Marina Boulevard Level 28Marina Bay Financial Centre Tower 3Singapore 018982t +65 6416 8000 f +65 6532 5711/5722

CHINA WongPartnership LLP Beijing Representative OfficeUnit 3111 China World Office 21 Jianguomenwai Avenue, Chaoyang DistrictBeijing 100004, PRC t +86 10 6505 6900f +86 10 6505 2562

INDONESIA Makes & Partners Law Firm (an associate firm)Menara Batavia, 7th FloorJl� KH� Mas Mansyur Kav� 126Jakarta 10220, Indonesiat +62 21 574 7181f +62 21 574 7180w makeslaw�com

MALAYSIA Foong & Partners (an associate firm)Advocates & Solicitors 13-1, Menara 1MK, Kompleks 1 Mont’ Kiara No 1 Jalan Kiara, Mont’ Kiara50480 Kuala LumpurMalaysiat +60 3 6419 0822f +60 3 6419 0823w foongpartners�com

MIDDLE EAST Al Aidarous International Legal Practice (an associate firm)Abdullah Al Mulla Building, Mezzanine Suite 0239 Hameem StreetAl Nahyan Camp AreaP�O� Box No� 71284Abu Dhabi, UAEt +971 2 6439 222f +971 2 6349 229w aidarous�com

MYANMARWongPartnership Myanmar Ltd�No� 1, Kaba Aye Pagoda RoadBusiness Suite #03-02, Yankin TownshipYangon, Myanmart +95 1 544 061f +95 1 544 069

WongPartnership LLPShanghai Representative OfficeUnit 1015 Corporate Avenue 1222 Hubin RoadShanghai 200021, PRCt +86 21 6340 3131 f +86 21 6340 3315

CONTACT US

WongPartnership LLP (UEN: T08LL0003B) is a limited liability law partnership registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A).

contactus@wongpartnership�com wongpartnership�com

Al Aidarous International Legal Practice (an associate firm) Zalfa Building, Suite 101 - 102Sh� Rashid RoadGarhoudP�O� Box No� 33299Dubai, UAEt +971 4 2828 000f +971 4 2828 011

Documents

OUR YEAR IN REVIEW - WongPartnership€¦ · by Philippine law) • Intellectual property and franchising rollout in the region for the Les Amis Group, including in the Philippines