Duane Morris & Selvam LLP Appoints Suilyn-Yip as Head of Venture Capital

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.

With a broad practice that includes mergers and acquisitions, private equity, investment funds, finance and corporate governance, Suilyn is well-equipped to lead the firm’s venture capital efforts. Her comprehensive background will enable her to provide strategic solutions to startups and sophisticated investors in a rapidly evolving market.

“I am honored to step into this new role and to contribute to our Firm’s growth in the venture capital space,” said Suilyn. “Our goal is to offer unparalleled support to emerging companies and venture investors by combining our corporate expertise with an understanding of the dynamic nature of venture capital. I look forward to collaborating with our talented team to drive success for our clients.”

Leon Yee, Chairman of Duane Morris & Selvam, added, “Suilyn’s appointment as Head of Venture Capital is a great milestone for our firm. Her innovative approach towards transactions makes her the ideal leader to elevate our venture capital practice. Suilyn’s strategic vision and dedication will undoubtedly contribute to the continued success and growth of our clients and our firm. We are excited to see the impact she will make in this new role.”

Suilyn’s appointment is part of Duane Morris & Selvam’s ongoing commitment to delivering exceptional legal services and expanding its capabilities to meet the evolving needs of its clients. The firm’s venture capital practice will benefit significantly from her leadership and deep industry insights.

For more information about Suilyn Yip and Duane Morris & Selvam’s venture capital services, please visit www.duanemorrisselvam.com.

About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is a joint law venture between international firm Duane Morris LLP and Singapore-based firm Selvam LLC. Duane Morris & Selvam runs a unique Latin American-Asian practice out of Singapore, with a team of international lawyers qualified in multiple jurisdictions including Singapore, the U.S., the U.K., Canada, Mexico and Colombia, with substantial experience in international transactions and disputes. Duane Morris & Selvam also has cooperative relationships with some of the best Latin American and Asian law firms.

 

Claimants Banding Together: Is There Always Strength in Numbers?

joined hands

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?”

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.

Continue reading “Singapore Payment Services Act Amendments Aim to Expand Regulatory Scope and User Protections”

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 Appoints Clement Tan Head of White Collar and Investigations Practice

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.

Continue reading “Duane Morris & Selvam Appoints Clement Tan Head of White Collar and Investigations Practice”

Significant Investments Review Bill: What It Means for Business and Investments in Singapore

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.

Continue reading “Significant Investments Review Bill: What It Means for Business and Investments in Singapore”

Duane Morris & Selvam Advises Book Running Lead Managers in IDFC FIRST Bank’s INR 30 Billion (US$361 Million) Qualified Institutions Placement of Equity Shares

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).

Continue reading “Duane Morris & Selvam Advises Book Running Lead Managers in IDFC FIRST Bank’s INR 30 Billion (US$361 Million) Qualified Institutions Placement of Equity Shares”

Duane Morris & Selvam LLP Promotes Wang Bei to Special Counsel

SINGAPORE, September 20, 2023 – Duane Morris & Selvam LLP is pleased to announce the promotion of Wang Bei to special counsel. With her unique qualifications and experience, Wang Bei will continue to play a pivotal role in the firm’s efforts in the Asia-Pacific region, particularly in Myanmar, China and Singapore.

Continue reading “Duane Morris & Selvam LLP Promotes Wang Bei to Special Counsel”

Multi-Year Modelling for Quantification of Delay Claims

Case Commentary

Crescendas Bionics Pte Ltd v Jurong Primewide Pte Ltd and other appeals [2023] SGHC(A) 9

By Leonard Loh (Selvam LLC)

Takeaway: The issues of remoteness and what is in the reasonable contemplation of parties is a fact-sensitive exercise. Employers are thus encouraged to share with their main contractors (or main contractors with their sub-contractors) on the nature of the project and the potential knock-on effects of delay.

On 9 February 2023, the Appellate Division of the Singapore High Court issued its decision in Crescendas Bionics Pte Ltd v Jurong Primewide Pte Ltd and other appeals [2023] SGHC(A) 9. While multiple issues relating to causation, remoteness, quantification and apportionment were discussed, one significant finding was the adoption of the multi-year model by the Appellate Division in quantifying the amount of damages payable by the main contractor to the employer for delay.

The dispute arose over delays in the construction of Biopolis 3, a seven-storey multi-tenanted business park development in One-North envisaged as a research and development hub for biomedical sciences institutes and organisations, offering specialised facilities such as wet laboratories, chemistry laboratories and an animal facility (at [3]). Following a trial and appeal on issues of liability, it was adjudged that the construction of Biopolis 3 was deemed to be delayed, with the Employer being responsible for 173 days of delay and the Main Contractor being responsible for 161 days of delay. One of the delay claims asserted by the Employer against the Main Contractor was for post-completion net rental revenue loss sustained even after Biopolis 3 was completed. Continue reading “Multi-Year Modelling for Quantification of Delay Claims”

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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