IFLR1000 Reviews

Financial and corporate

Product of a 2011 joint venture, between a US and a domestic firm, Duane Morris & Selvam’s Singapore office plays a key role as a hub for the international firm’s regional work.

 

Focusses / specialisms 

The firm’s strongest practice is capital markets but it performs well consistently in banking and finance, M&A and project development. The capital markets practice has a regional focus and often acts on matters in India, Indonesia, Vietnam and Myanmar.

Key sectors of activity include technology and telecommunications, oil and gas, energy, utilities, consumer goods, media and entertainment, and pharmaceuticals. The firm’s structure as a joint venture allows it to advise on both local and foreign law matters.

 

Key clients  

Key clients include Hyundai Group, JM Financial, ICICI Securities, Edelweiss Financial Services, Nomura Capital, Bajaj Finance, Axis Capital, SBI Capital Markets and DuPont.

 

Research period review: 31st edition (2020/2021) 

The banking team primarily advised borrowers and lenders on financings and acted for financial institutions on regulatory matters.

The capital markets team was particularly active on Indian matters, advising on QIPS, IPOs, rights issues, and buybacks,

A recent corporate highlight saw the firm act for the buy-side on cross border acquisitions in the telecommunication sector. Another noteworthy cross border deal saw the firm advise a confidential client on a joint venture in the food and beverage industry.

The investment funds team advised primarily on confidential fund formation mandates.

In restructuring, the firm was notably active for banks in the judicial management of Agritrade International. The firm also advised the Korean Development Bank in the liquidation and judicial management of Xihe Holdings.

The firm welcomed Michelle Tan as special counsel from Travers Thorp Alberga, while directors Jon Crandall and Derrick Boo left the firm.

 

Deal highlights: 31st edition (2020/2021) 

Agritrade International insolvency

Antony Waste Handling Cell BSE/NSE IPO

Chemcon BSE/NSE IPO

ESAF Small Finance Bank BSE/NSE IPO

IndusInd International Holdings $130 million rights issue

Protelindo $164 million acquisition of telecommunication towers

Protelindo $750 million acquisition of telecommunication towers

Xihe Holdings liquidation

 

Client feedback: 31st edition (2020/2021) 

M&A

"I was very satisfied all along. 100% positive."

"Our main contact is Mr Priyank and to us, he is the face of DMS - 90% of the interaction with the firm is through him. Though he handles many clients, he never makes you feel that you are one of his many clients. He is willing to go the extra mile, evaluating and proposing various options while explaining the risk involved as well as the risk mitigated from all perspectives. One clear attribute that he possesses is to make legal jargon and matters in a way which could be understood clearly by business owners. He adds value by going the extra mile in providing advice on best practices, market norms and also commercial impacts on various matters."

 

Project development : Energy

"Very responsive, smooth in communication and always addressing the suitcase. They have produced outstanding legal advice."

 

Restructuring and insolvency

"Responsive and ability to suggest appropriate action plans."