SINGAPORE, 12 July 2023 ― Duane Morris & Selvam LLP is pleased to announce the appointment of director Ramiro Rodriguez as the head of its mergers and acquisitions (M&A) department and its funds industry practice. With this strategic appointment, Duane Morris & Selvam reinforces its commitment to delivering exceptional legal services and further strengthening its position as a trusted advisor in the industry. Continue reading “Duane Morris & Selvam Appoints Ramiro Rodriguez Head of Mergers and Acquisitions Department and Funds Industry Practice”
New Incentives for Family Offices
New Incentives for Family Offices
At the 50th anniversary of the Association of Banks in Singapore (“ABS”) last Friday, Senior Minister and Monetary Authority of Singapore (“MAS”) chairman Mr. Tharman Shanmugaratnam announced that improvements will be made to the tax incentive scheme for single family offices (“SFO”) in Singapore. These include providing tax privileges, incentives or grants for contributions to charity, channelling capital towards blended finance and investing in the mitigation of global climate change. Further details of these will be announced by the MAS in July.
Selvam LLC Secures Discharge Not Amounting to an Acquittal for Singaporean Director
SINGAPORE, 15 May 2023―Selvam LLC achieved a significant outcome in the case of Goh Toh Heng, an elderly director charged with acquiring ill-gotten gains totaling over $405,000. Goh has been granted a discharge not amounting to an acquittal, while the possibility of future prosecution remains if new evidence emerges. Continue reading “Selvam LLC Secures Discharge Not Amounting to an Acquittal for Singaporean Director”
Lawyers Beat the Bankers in the 10th Annual Charity Cricket Match in Mumbai
SINGAPORE, 25 April 2023 ― The 10th annual bankers vs. lawyers charity cricket match was held in Mumbai last month, with the lawyers winning by 22 runs. The lawyers scored 160 runs all out in their 20 overs and the bankers scored 133-8 off their 20 overs.
Continue reading “Lawyers Beat the Bankers in the 10th Annual Charity Cricket Match in Mumbai”
Duane Morris & Selvam LLP Promotes Lucia Orozco to Special Counsel
SINGAPORE, April 5, 2023 – Duane Morris & Selvam LLP is pleased to announce the promotion of Lucia Orozco to Special Counsel.
Continue reading “Duane Morris & Selvam LLP Promotes Lucia Orozco to Special Counsel”
Selvam LLC Promotion Announcement
SINGAPORE, April 4, 2023 – Selvam LLC is pleased to announce the promotion of certain associates to senior positions within the firm’s Corporate and Dispute practice.
Selvam LLC Welcomes Director Jerald Foo to Firm’s Litigation and Dispute Resolution Group
Singapore, 14 November 2022―Jerald Foo has joined Selvam LLC as a Director in the firm’s Litigation and Dispute Resolution Group at its Singapore office. Jerald focuses his practice on commercial litigation, arbitration and mediation, having significant experience with complex commercial disputes both as a practitioner in a leading international law firm and as a former judicial officer.
Duane Morris & Selvam Advises on India’s Biggest IPO Ever
SINGAPORE, 24 May 2022 – Duane Morris & Selvam LLP acted as international legal counsel to the President of India and Life Insurance Corporation of India (LIC) on the recent sale of 3.5% of the outstanding shares in LIC by the president of India for approximately US$2.7 billion in an initial public offering in India and concurrent private placements outside India, including a Rule 144A offering in the United States. LIC’s IPO is the biggest in Indian history. The scale of the IPO was immense, with over 7 million applications received from retail investors in India alone. On its listing, LIC was the fifth largest entity in India in terms of market capitalization.
Continue reading “Duane Morris & Selvam Advises on India’s Biggest IPO Ever”
Duane Morris & Selvam LLP acts on Platinum Equity’s US$306m Sale of Singapore-based Electronics Manufacturer PCI Limited to Celestica Inc.
SINGAPORE, 22 September 2021 – Duane Morris & Selvam LLP (DMS) acted as international counsel to Platinum Equity on the sale of PCI Limited (“PCI”) at US$306m to Celestica Inc. The sale is expected to close in the fourth quarter of 2021.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. The company acquired PCI in April 2019 in a public-to-private transaction.
Duane Morris & Selvam acts on Affle’s INR 6 billion (US$82 million) QIP
SINGAPORE, 25 May 2021 – Duane Morris & Selvam LLP acted as international legal counsel to Axis Capital, Nomura and UBS, in their role as the book running lead managers, on the sale of INR 6 billion (US$82 million) of equity shares in Affle (India) Limited in a qualified institutions placement, including concurrent private placements outside India.
Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through mobile advertising, as well as platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud.
The Duane Morris & Selvam team was led by Jamie Benson, the head of the firm’s US capital markets and India practices, and also included Zabrina Hamid, Wang Bei, Justin Santarosa, Jacob Low and Yeo Ming Ze.
Induslaw acted as Indian counsel to Affle and J. Sagar Associates acted as Indian counsel to Axis Capital, Nomura and UBS.
About Duane Morris & Selvam
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 as well as offices in Shanghai and Yangon. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan, as well as an alliance in Sri Lanka. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.