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。
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”
Duane Morris & Selvam Welcomes Intellectual Property Director Li Zheng in the Shanghai Office
Shanghai, 13 May 2024 ― Dr. Li Zheng has joined Duane Morris & Selvam LLP as a Director in the firm’s Intellectual Property Practice Group at its Shanghai office. Prior to joining the firm, he was with King & Wood Mallesons, one of China’s top tier law firms.
Claimants Banding Together: Is There Always Strength in Numbers?
By Leonard Loh
Key Takeaway: While there are obvious advantages for potential claimants to band together, there are issues which must be fully considered in order for all potential claimants to make a considered decision. Independent legal advice is recommended, prudent and necessary before committing to a group litigation.
Potential claimants are now, more often and more effectively, harnessing the power of messaging apps, internet forums and social media to seek out others who have suffered similar plights under the hands of the same defendant(s), to organise themselves and to launch actions. However, it is important to ask: is there always strength in numbers?
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Duane Morris & Selvam Advises on the Sale of INR 6,000 million (US$72 million) of Equity Shares in Gokaldas Exports Limited in a Qualified Institutions Placement
SINGAPORE, 30 April 2024 — Duane Morris & Selvam LLP acted as the special international counsel to IIFL Securities Limited in its role as the book running lead manager on the recent sale of INR 6,000 million (US$72 million) of equity shares in Gokaldas Exports Limited in a qualified institutions placement. Continue reading “Duane Morris & Selvam Advises on the Sale of INR 6,000 million (US$72 million) of Equity Shares in Gokaldas Exports Limited in a Qualified Institutions Placement”
The Legal 500: Mergers & Acquisitions Comparative Guide
The Legal 500 has launched its 8th Edition of Country Comparative Guides. This year’s chapter for Mergers & Acquisitions (Singapore) is contributed by Leon Yee and Ramiro Rodriguez.
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Duane Morris & Selvam Advises on the QIP of Texmaco Rail & Engineering Limited
SINGAPORE, 15 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and ICICI Securites Limited in their role as the book running lead managers on the recent qualified institutions placement of ₹2,500 million (USD 30 million) of equity shares of Texmaco Rail & Engineering Limited. Continue reading “Duane Morris & Selvam Advises on the QIP of Texmaco Rail & Engineering Limited”
Singapore Payment Services Act Amendments Aim to Expand Regulatory Scope and User Protections
SINGAPORE, 12 April 2024 — On 2 April 2024, MAS introduced amendments to the Payment Services Act 2019 of Singapore (PS Act) and its subsidiary legislation. Generally, these amendments seek to (1) expand the scope of payment services regulated by MAS which will take effect from 4 April 2024 and (2) impose user protection requirements on digital payment token (DPT) service providers which will take effect from 4 October 2024.
Asia Pacific Business Awards 2023-2024
In a recent announcement, Asia Pacific Business revealed the winners of their Asia Pacific Business Awards 2023-2024. Gerard A. Hekker, Partner of Duane Morris & Selvam LLP and Dr Nguyen Thi Lang, Chairperson of Duane Morris Vietnam were both awarded Asia Pacific Legal Advisor of the Year. This recognition celebrates their exceptional contributions and commitment to the region’s business landscape. Continue reading “Asia Pacific Business Awards 2023-2024”
Duane Morris & Selvam Advises on the QIP of The Karnataka Bank Limited
SINGAPORE, 10 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Ambit Private Limited and Avendus Capital Private Limited in their role as the book running lead managers on the recent qualified institutions placement of ₹6,000 million (USD 72 million) of equity shares of The Karnataka Bank Limited.
The Karnataka Bank Limited, with over 100 years of existence, is one of the well-established private sector banks in India, offering wide range of banking products and services to approximately 12.93 million customers as of December 31, 2023, including corporate, retail, agriculture and MSME customers.
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