SINGAPORE, Jan 6, 2025 – Selvam LLC is pleased to announce the promotion of Leonard Loh and Roshan Singh Chopra to Directors, effective January 2025. Both have demonstrated deep legal expertise and leadership within the firm.
Leonard is well-known for his handling of difficult and complex disputes, while Roshan’s recognition as a “Rising Star of 2024” by Asian Legal Business highlights his outstanding work in commercial litigation.
Continue reading “Selvam LLC 2025 Promotion Announcement”
By Leon Yee and Sally Kim
On 4 October 2024, the Monetary Authority of Singapore (“MAS”) has published a consultation paper detailing the regulatory framework for Digital Token Service Providers (“DTSPs”) under the Financial Services and Markets Act 2022 (“FSM Act”). This framework addresses the licensing, anti-money laundering, countering the financing of terrorism (“AML/CFT”) requirements, and technological risk management for DTSPs, particularly those based in Singapore but offering services abroad.[1] To effect the objectives of Part 9 of the FSM Act, the MAS intends to prescribe or issue the following instruments: (a) the Financial Services and Markets Regulations (“FSM Regulations”); (b) AML/CFT notices under the FSMA; (c) other notices under the FSMA; and (d) guidelines.
Continue reading “Redefining Boundaries: MAS Consults on New Regulatory Framework for Digital Token Service Providers under the FSMA”
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.
Continue reading “Duane Morris & Selvam LLP Appoints Suilyn-Yip as Head of Venture Capital”
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?
Continue reading “Claimants Banding Together: Is There Always Strength in Numbers?”
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.
Continue reading “The Legal 500: Mergers & Acquisitions Comparative Guide”
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.
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”
SINGAPORE, 4 March 2024 – Duane Morris & Selvam LLP is pleased to announce the appointment of director Clement Tan as the Head of its White Collar and Investigations practice.
Clement is a dispute resolution lawyer and he brings a wealth of experience to the role, having served as a distinguished District Judge in the State Courts of Singapore where he presided over an extensive range of civil and criminal cases. He has experience navigating high-stakes litigation, corporate commercial disputes, and has represented clients at all levels of the Singapore judicial system and arbitrations. His experience encompasses matters including white collar crime, employment disputes, minority oppression cases, contractual disputes, defamation claims and construction cases.
By Ramiro Rodriguez and Lucy Megarry
A draft of the new Significant Investments Review Bill was introduced to Parliament on 6 November 2023. The bill is now due for a second reading in January 2024. If enacted, the bill will commence the first industrywide regime restricting investments in Singapore.
The bill applies to all local and foreign, incorporated and unincorporated entities in Singapore that meet the following criteria:
a. Are incorporated, formed or established in Singapore; and
b. Carry out any activity in Singapore; or
c. Provide any goods or services to any person in Singapore.
SINGAPORE, 23 October 2023 — Duane Morris & Selvam LLP acted as the international legal counsel to ICICI Securities Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) in their role as the book running lead managers for the qualified institutions placement of equity shares by IDFC FIRST Bank Limited, for an aggregate amount of INR 30 billion (US$361 million).
