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.
SINGAPORE, 8 July 2026 — Duane Morris & Selvam LLP acted as special international legal counsel to Ambit Private Limited and ITI Capital Limited in their capacity as the book running lead managers for the ₹500 crore Qualified Institutions Placement (QIP) by Manorama Industries Limited, a leading Indian manufacturer of specialty tree-borne oils and fats derived primarily from Sal and Mango seeds.
The Duane Morris & Selvam LLP team was led by Jamie Benson, Director and Head of the U.S. Capital Markets, U.S. Venture Capital and India Practices. Faiz Jugari, an associate in the Singapore office, also advised on the QIP.
Kompetenz-Kompetenz is the universally accepted principle that empowers arbitration tribunals to decide on their own jurisdiction. However, recent decisions in the Indian Supreme Court and the Singapore High Court provide timely reminders on whether and when such jurisdictional rulings can be referred to the local supervisory court. Parties must remember the inconsistency across jurisdictions in timings its challenge to the Tribunal’s ruling on jurisdiction.
Escalating geopolitical tensions in the Middle East are disrupting global supply chains, maritime routes, and energy markets. The blockade over the Strait of Hormuz, and curtailed aviation routes, is having real time impact on business continuity. Companies with operations, suppliers, or contractual relationships connected to the region should act now to manage their legal and commercial exposure.
The Chambers Energy & Infrastructure M&A 2025 Global Practice Guide was launched recently.
Duane Morris & Selvam’s Directors Priyank Srivastava, Ramiro Rodriguez, and Associate Colette Tan, as well as Duane Morris’ Partner Shelton M. Vaughan have contributed their valuable insight to the Singapore Chapter on Trends and Developments.
The Ministry of Manpower of Singapore (“MOM”) has been consistently implementing a multi-pronged strategy to tighten the work pass regime for foreigners, with the primary goals of fostering a strong local workforce, ensuring foreign workers complement local talent, and maintaining fair hiring practices.