Duane Morris & Selvam – Duane Morris and Selvam

October 2, 2024October 2, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the OFS of Shares in Route Mobile

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SINGAPORE, 1 October 2024 – Duane Morris & Selvam LLP recently acted as US counsel to Nuvama Wealth Management and Emkay Global Financial Services in their role as brokers to Proximus Opal on its divestment of a 6.03% stake in Route Mobile for approximately Rs, 6,213 million (US$74 million) through an Offer for Sale (OFS). With this share sale, Proximus Opal reduced its holding in Route Mobile to below 75% in compliance with the minimum public shareholding criteria, in accordance with the regulatory guidelines set by the Securities and Exchange Board of India (SEBI).

Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. Capital Markets and India practices.

About Duane Morris & Selvam LLP

Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as an office in Shanghai. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

September 9, 2024October 2, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the IPO of Ecos (India) Mobility & Hospitality Limited

SINGAPORE, 10 September 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Equirus Capital Private Limited and IIFL Securities Limited in their role as the book running lead managers on the recent initial public offering of ₹6,012.00 million (USD 71.60 million) of equity shares of Ecos (India) Mobility & Hospitality Limited. Ecos is India’s largest and most profitable chauffeur driven mobility provider to corporates.

Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. Capital Markets and India practices. The team also included Ananth Balaji Sundararaman, senior associate.

Trilegal acted as the legal counsel to the Offer.

About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as an office in Shanghai. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

August 18, 2024 by Duane Morris & Selvam

Duane Morris & Selvam LLP Appoints Suilyn-Yip as Head of Venture Capital

SINGAPORE, August 19, 2024 — Duane Morris & Selvam LLP is pleased to announce the appointment of Suilyn Yip as Head of Venture Capital. Suilyn, a distinguished partner in the firm’s full-service corporate practice, will bring her extensive expertise in corporate law to this pivotal role, further enhancing the firm’s venture capital practice and solidifying its position as a leading advisor in the sector.

With a broad practice that includes mergers and acquisitions, private equity, investment funds, finance and corporate governance, Suilyn is well-equipped to lead the firm’s venture capital efforts. Her comprehensive background will enable her to provide strategic solutions to startups and sophisticated investors in a rapidly evolving market.

“I am honored to step into this new role and to contribute to our Firm’s growth in the venture capital space,” said Suilyn. “Our goal is to offer unparalleled support to emerging companies and venture investors by combining our corporate expertise with an understanding of the dynamic nature of venture capital. I look forward to collaborating with our talented team to drive success for our clients.”

Leon Yee, Chairman of Duane Morris & Selvam, added, “Suilyn’s appointment as Head of Venture Capital is a great milestone for our firm. Her innovative approach towards transactions makes her the ideal leader to elevate our venture capital practice. Suilyn’s strategic vision and dedication will undoubtedly contribute to the continued success and growth of our clients and our firm. We are excited to see the impact she will make in this new role.”

Suilyn’s appointment is part of Duane Morris & Selvam’s ongoing commitment to delivering exceptional legal services and expanding its capabilities to meet the evolving needs of its clients. The firm’s venture capital practice will benefit significantly from her leadership and deep industry insights.

For more information about Suilyn Yip and Duane Morris & Selvam’s venture capital services, please visit www.duanemorrisselvam.com.

About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is a joint law venture between international firm Duane Morris LLP and Singapore-based firm Selvam LLC. Duane Morris & Selvam runs a unique Latin American-Asian practice out of Singapore, with a team of international lawyers qualified in multiple jurisdictions including Singapore, the U.S., the U.K., Canada, Mexico and Colombia, with substantial experience in international transactions and disputes. Duane Morris & Selvam also has cooperative relationships with some of the best Latin American and Asian law firms.

August 8, 2024 by Duane Morris & Selvam

美国《公司透明度法案》报告提交日迫近，美国/外国企业需做这些准备！

按照2024年1月1日生效的美国《公司透明度法案》（“CTA”）的要求，所有在美国注册成立和/或注册开展业务的美国和外国企业（包括某些信托公司）需向美国财政部下属的金融犯罪执法网络（“FinCEN”）提交报告，披露其拥有所有权或控制权的受益所有人的身份信息。CTA旨在防止罪犯、恐怖分子和腐败寡头在美国藏匿非法资金或其他财产。如果企业符合CTA中所列出的23项豁免条件之一，可免于申报。

Continue reading “美国《公司透明度法案》报告提交日迫近，美国/外国企业需做这些准备！”

July 21, 2024July 21, 2024 by Duane Morris & Selvam

当缩减标签足够精简时，美国联邦巡回法院仍然重启了对仿制药企业的诱导侵权诉讼

近日，在Amarin Pharma诉Hikma Pharmaceuticals USA 案（编号2023-1169）中，美国联邦巡回法院推翻了特拉华州地区法院的裁决，认为Amarin的诉状合理地声称Hikma积极诱导了医疗服务提供者的直接侵权，不过同时还表示 “可能同意地区法院（和Hikma）”认为Hikma的缩减标签本身在法律上并没有推荐、鼓励或推动任何侵权使用。

Continue reading “当缩减标签足够精简时，美国联邦巡回法院仍然重启了对仿制药企业的诱导侵权诉讼”

July 2, 2024July 7, 2024 by Duane Morris & Selvam

美国财政部发布限制某些美国对华投资的行政令的拟议规则

2024年6月21日，美国财政部发布了一份拟议规则的通知，以执行2023年8月9日发布的第14105号行政令（EO 14105）。美国欲借助该行政令来防止一些受关注国家利用美国的对外投资来发展对军事、情报、监视或网络能力至关重要的敏感技术或产品。

该拟议规则将对美国在有关国家（包括中国）涉及半导体和微电子、量子信息技术或人工智能的某些投资施加通知要求，在某些情况下还将施加禁止要求。

Continue reading “美国财政部发布限制某些美国对华投资的行政令的拟议规则”

June 19, 2024June 19, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the Sale of INR 7,500 million (US$90 million) of Equity Shares in Sansera Engineering Limited in Block Trades

SINGAPORE, 20 June 2024 — Duane Morris & Selvam LLP acted as the U.S. counsel to Nomura Financial Advisory and Securities (India) Private Limited in its role as the broker on the recent sale of approximately INR 7,500 million (US$90 million) of equity shares in Sansera Engineering Limited by Client Ebene Limited and CVCIGP II Employee Ebene Limited in block trades. Sansera Engineering Limited’s equity shares are listed on BSE and NSE. Continue reading “Duane Morris & Selvam Advises on the Sale of INR 7,500 million (US$90 million) of Equity Shares in Sansera Engineering Limited in Block Trades”

June 10, 2024June 10, 2024 by Duane Morris & Selvam

剖析美对华新关税：中国商品出口对墨西哥及美国的影响

美国对中国商品征收新关税

2024 年 5 月 14 日，拜登政府结束了根据1974 年的《贸易法》301条款采取的对中国贸易行为的法定审查。白宫的公告确认将保留现行的 301 条款对中国进口商品征收的关税，并概述了对从中国进口的 180 亿美元商品（占美国从中国进口商品总额的 4.2%^[1]）征收额外关税。此次调查由美国贸易代表办公室（USTR）进行，是特朗普政府 2018 年对中国商品实施关税后四年评估的一部分。

Continue reading “剖析美对华新关税：中国商品出口对墨西哥及美国的影响”

May 17, 2024May 17, 2024 by Duane Morris & Selvam

智利矿业部启动私人锂项目的信息请求程序；智利锂矿：摘要和后续步骤

智利矿业部启动锂项目的信息请求（RFI）程序：第907号豁免决议详细说明程序和例外情况

2024年4月15日，智利矿业部根据智利政府先前制定的“国家锂战略”发布了第907号豁免决议（“决议”），批准了由矿业部领导的信息请求（“RFI”）程序的启动，以了解市场和行业对开发从盐湖或其他未被排除的矿床中勘探、开采和生产锂及其衍生品项目的意向。这些信息将有助于智利政府制定机制，以确定与之签订特殊锂业务合同 (“CEOL”) 的私人承包商，以及为此目的而优先考虑的盐滩或其他锂矿床。

Continue reading “智利矿业部启动私人锂项目的信息请求程序；智利锂矿：摘要和后续步骤”

May 17, 2024May 17, 2024 by Duane Morris & Selvam

Navigating Representations and Warranties in Share Purchase Agreements

By Leon Yee and Sally Kim

When buying or selling a company or part of its shares, the intricacies of representations and warranties within a Sale and Purchase Agreement (“SPA”) play a pivotal role. Representations and warranties serve as assurances provided by the seller to the buyer regarding the condition, status, and other relevant aspects of the target company. These provisions not only influence the negotiations but also significantly impact post-closing responsibilities and liabilities. Understanding the nuances of representations and warranties in SPA is crucial for both parties involved in the transaction. In this article, we explore the nuances of representations and warranties in an SPA, including drafting considerations, breach remedies, and indemnification provisions. Continue reading “Navigating Representations and Warranties in Share Purchase Agreements”