WongPartnership

Singapore

IFLR1000 Reviews

Financial and corporate

Founded in 1992 and led by Ng Wai King, WongPartnership is one of the clear market leaders in the Singapore legal market and one of Singapore’s elite ‘big four’ firms. The firm extends its presence throughout the region with the WPG network.

 

Focusses / specialisms 

The banking team advises across the spectrum of financing mandates acting for clients such as corporates, banks and financial institutions.

The firm's financial services regulatory team caters to the regulatory compliance needs of international financial institutions and has a special focus on the fintech space.

The capital markets team has a wealth of experience in advising on public and private equity placements, as well as domestic and international debt offerings.

On the corporate side, the firm often acts on high profile mergers and acquisitions throughout the region. The firm has also set up a robust venture capital practice to take advantage of Singapore's reputation as a venture capital/ start-up hub.

The projects team is experienced in advising a variety of stakeholders in sectors including infrastructure, oil and gas, power (conventional and renewable), utilities, and construction.

 

Key clients  

Key clients include Resorts World, Changi Airport Group, GrabTaxi Holdings, CapitaLand Commercial Trust Management, CapitaLand, Baring Private Equity, KKR, Hyflux, DBS, and Citigroup Global Markets.

 

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

In banking, the firm took on a mix of lender and borrower side roles on a host of financing mandates. An eye-catching mandate in the financial services regulatory space saw the firm advise an international client on its successful application for a digital banking license.

On the capital markets front, the firm acted for financial institutions in Singapore Airlines’ landmark rights issue. This marked the first issue of mandatory convertible bonds by a Singaporean issuer.

The corporate team continued to act on significant matters in the real estate space. Highlights include advising the manager of CapitaLand Commercial Trust in the merger of CapitaLand Commercial Trust and CapitaLand Mall Trust. Another highlight saw the firm advise Frasers Commercial Asset Management on the Merger of Frasers Logistics & Industrial Trust and Frasers Commercial Trust.

A cross border projects mandate saw the firm act for a public transport service provider on the development of the Singapore-Johor Bahru Rapid Transit Link.

The restructuring team impressed with roles for the creditors in the debt restructuring of Hin Leong Group and for Pacific International Lines as the debtors in its high-value debt restructuring.

A staffing change saw the departure of capital markets partner Ee Kean Wong for GSUM-Titanland Capital.

 

Deal highlights: 31st edition (2020/2021) 

CapitaLand Mall Trust / CapitaLand Commercial Trust merger

ESR-REIT / ESR-REIT merger

Frasers Logistics & Industrial Trust / Frasers Commercial Trust merger

Hin Leong Group insolvency   

Keppel REIT S$270 million private placement

Pacific International Lines debt restructuring

Resorts World Sentosa redevelopment

Singapore-Johor Bahru Rapid Transit Link

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"Competent, responsive and diligent."

 

Financial services regulatory

"Commercially sound. Sharp analysis."

"Timely response, knowledgeable in the sector, produced meticulous/detailed application."

"Very proactive/quick to respond."

"Safe pair of hands. Reliable. Always available for quick calls and sense-checks even if outside of formal agreed scope of work."

"Very thorough, detailed, professional, pragmatic and helpful team led by Elaine Wong. "

 

Insolvency

"Sharp, quick grasp of issues, strong research, speedy advice, very experienced, no staffing issues."

 

Investment funds: Private equity funds

"Advice is sound. Generally responsive."

 

Investment funds: Private equity funds

"Competent and resourced partners. Able to offer good commercial solutions. Responsive to client's requests/needs."

 

M&A

"Advice is to the point - prompt in response - creative in deal structuring - resourceful."

"Very experienced - strong commercial sense - nice people to work with."

"Cogent, concise legal advice and work on SHA and SSA as well business negotiations."

"Jason Chua provided sterling support and advice on the matter. He was pragmatic, effective and understood our objectives."

"Knowledge, quality work product, professionalism."

"Knowledgeable and proactive."

"Strong partner involvement across all aspects of the M&A transaction - Jason Chua was present at all of the calls and was personally involved in the drafting and discussions. Lean and efficient team which reduces cost for the client - work does not flow through layers of seniority. Yet output is of high quality and documents are turned around promptly."

"Strong project management. Proactively identified issues and client needs. Aggressively took on responsibilities so as to minimise client stress. Effectively dealt with very difficult opposing counsel."

"Technically proficient, professional, efficient, service-oriented."

"The firm is highly knowledgeable about market terms and has a strong understanding of commercial issues, leading to quality drafting."

"The legal team was responsive and provided sound advice from the commercial and legal angles. Team was experienced and was able to advise clients on what to expect (questions, processes, timeline). Team turned around documents quickly. "

"Very commercial, results-driven approach."

"Very detail-oriented, deep knowledge of the Singapore law and great drafting skills. "

"Well regarded in the market and entire team of capable lawyers from associates to partners."

"Strong experience and track record - strong relationships with regulators."

"They are very professional, very prompt in assisting the client's request and always providing quality solutions to clients."

"Concise and succinct legal guidance during negotiations. Offered and clearly denoted commercial and legal considerations in SHA (shareholders agreement ) as well as SSA (share subscription agreement). Assisted as well for non-commercial issues with counterparty legal firm and correspondence."

"Prompt service, solution-oriented, very courteous."

 

Private equity

"Wong Partnership has been one of the most active law firms advising in the venture capital space over the last few years. They brought their domain expertise to bear during the negotiations which helped in the quick closing of the round. "

 

Project development

"Due to our long relationship with the firm (20+ years), the key partners understand us and our drivers well. The firm's partners have longevity - they have worked with us since they were juniors in the firm. This enables continuity and understanding of our needs and priorities."

"Quick response. Well versed with contractual matters and legal obligations. "

 

Restructuring

"Very commercial. Very hard-working and responsive. Understand the Singapore market and players very well."