On 16 June 2026, the Monetary Authority of Singapore, on the advice of the Securities Industry Council (the “Council”), issued a revised Code on Take-overs and Mergers (the “Code”). The amendments to the Code aim to protect the competitive process of take-over and merger transactions, improve certainty and timeliness of schemes of arrangement, and enhance disclosures to investors and shareholders, and came into effect on 16 July 2026.
SINGAPORE, 14 October 2026 – Duane Morris & Selvam LLP is proud to have acted as legal counsel to the book running lead managers in connection with seven initial public offerings in India in September 2026. The firm advised on the IPOs of:
German Green Steel and Power Limited;
LCC Projects Limited;
Kanohar Electricals Limited;
Prasol Chemicals Limited;
Pranav Constructions Limited;
Lumino Industries Limited; and
ESDS Software Solution Limited.
By matching the record set last year, this year’s volume of transactions further reinforces Duane Morris & Selvam’s deep expertise and leading position in advising on equity capital markets transactions in India. The breadth of the practice is further reflected in our role advising a coal mining company and its selling shareholder on the filing of a Draft Red Herring Prospectus for the issuer’s proposed IPO of approximately Rs. 100 billion (US$1.05 billion).
Duane Morris & Selvam LLP has authored the Singapore chapter for 5th Edition of The Legal 500: Enforcement of Judgments in Civil and Commercial Matters Comparative Guide!
Duane Morris & Selvam LLP has contributed the Singapore chapter to the newly released ICLG – International Arbitration Laws and Regulations 2026 guide!
SINGAPORE, 8 September 2026 — Duane Morris & Selvam LLP acted as the international legal counsel to DAM Capital Advisors Limited and Systematix Corporate Services Limited in their capacity as the book running lead managers on the recent sale of ₹7,200 million (approximately US$76 million) of equity shares in ESDS Software Solution Limited in an IPO in India and concurrent private placements outside India. The shares were listed on BSE and NSE on September 4, 2026.
SINGAPORE, 12 August 2026 — Duane Morris & Selvam LLP acted as the international legal counsel to Nuvama Wealth Management Limited in its capacity as the book running lead manager on the recent sale of INR 2,000 million (US$ 21 million) of shares in Globus Spirits Limited in a qualified institutions placement in India and concurrent private placements outside India, including in the United States.
SINGAPORE, 4 August 2026 – Duane Morris & Selvam has been recognised as a Regional & Specialist firm for India-related matters in India Business Law Journal’s (IBLJ) 2026 Foreign Firms Leading on India report.
The India Business Law Journal highlights that “Duane Morris & Selvam is hugely admired for the depth and breadth of its India practice spanning capital markets, oil and gas advisory, dispute resolution, and corporate M&A.”
On 5 November 2025, the Corporate and Accounting Laws (Amendment) Bill (the “Bill”) was passed by Parliament, relating to amendments to Singapore’s corporate and accounting laws as part of a regular review by the Ministry of Finance of Singapore (“MOF”) and the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”), with respect to the regulatory functions of and legislation administered by ACRA. There were five (5) objectives stated, as follows:
(a) To tighten rules against the misuse of companies for unlawful purposes; (b) To safeguard shareholders’ interests; (c) To strengthen the regulatory framework for companies; (d) To reduce regulatory burden for companies; and (e) To enhance the regulatory regime for public accountants.
The first tranche of provisions under the Corporate and Accounting Laws (Amendment) Act 2025 (the “Act”) commenced on 6 May 2026.