近年来，新加坡已迅速成长为全球资产管理行业（资管行业）的中心，众多投资者和资管经理汇集于此。2020 年，新加坡的资产管理总额 (AUM) 增长了 17%，达 4.7 万亿新元，高于 2019 年的 4万亿新元1。 这种强劲的增长是由大量流入的传统和另类投资资金所驱动的，包括私募股权 (私募) 和风险投资 (风投)。 那一年，私募和风投的资产管理总额分别增长了 54% 和 49%，达到 3,750 亿新元和 160 亿新元。 我们认为，新加坡资产管理规模将在未来几年将持续保持增长势头。
Singapore Private Equity and Venture Capital Landscape Series – A Brief Introduction
Singapore’s asset management industry has fast become a global hub for investors and managers and is central to the country’s financial services industry. In 2020, total assets under management (AUM) in Singapore grew 17 percent to reach S$4.7 trillion, up from S$4.0 trillion in 2019[1]. This robust growth was driven by strong inflows into both traditional and alternative investment strategies, including the private equity (PE) and venture capital (VC) asset classes. PE and VC AUM grew by 54 percent and 49 percent to S$375 billion and S$16 billion, respectively, in that year. In our view, the size of the industry in Singapore will continue to grow in the coming years.
新加坡家办门槛提高——深度解析金管局新政的底层逻辑
这几天，全网都在疯传下面这张图。不可否认最近移民突然成了热门话题！
4月11日，我们收到了新加坡金管局一封邮件，内容是关于新加坡家办13O/U计划的门槛大幅提高。大概就是图中戴教授所指的消息了。但是戴教授的表述不太严谨，新加坡家办免税计划并不是投资移民，实际上新加坡的投资移民难度远高于此。
MAS amends Sections 13O & 13U Application Guidelines for Family Offices in Singapore
MAS Amends Sections 13O and 13U Application Guidelines for Family Offices in Singapore
The Monetary Authority of Singapore (MAS) has amended its requirements for family offices[1] applying for tax incentive schemes pursuant to Sections 13O and 13U of the Income Tax Act 1947 (the Act). The following amended policies apply to all first preliminary submissions received by MAS on or after 18 April 2022 for these schemes, and MAS may require applications that have received no communication from MAS for a span of at least six months to be resubmitted under the amended guidelines. The following applications are not subject to the amended policies:
Singapore Implements Sanctions Against Russia
Ever since Russia’s act of aggression against Ukraine that began on 24 February 2022, the United States and several of its key allies have successively imposed significant sanctions against Russia. These sanctions range from prohibitions on trade and investment in certain regions of Ukraine and the designation of specific nationals that cannot interact with the market and financial system of United States, to imposing new sovereign debt restrictions and even cutting Russia further off from the global economy by removing them from the Society for Worldwide Interbank Financial Telecommunication (aka SWIFT) messaging system and disconnecting them from the international financial system, making them no longer able to operate globally. On 8 March 2022, the Biden administration also announced that the United States would be banning the import of Russian oil.
Singapore has joined these efforts, with Minister for Foreign Affairs Dr. Vivian Balakrishnan issuing a Ministerial Statement in Parliament on 28 February 2022, stating that Singapore intends to impose its own sanctions against Russia. On 5 March 2022, the Ministry of Foreign Affairs (MFA) issued a press statement with two factsheets that set out the details of the economic sanctions and restrictions.
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在缅甸债务的回收
新冠疫情在全球引发了严重的经济冲击，尤其对于缅甸这种高度依赖劳动力密集型产业的国家。最近政府的更迭更加重了人们对缅甸政局的担忧。最近出现的一些情况让我们看到外国投资者和供货方所面临的债务难以回收的困境。本文列出了债权人针对向缅甸公司追讨债务可以采取的一些法律行动，希望能起到抛砖引玉的效果。
Debt Collection in Myanmar
The COVID-19 pandemic triggered severe economic shock, particularly in countries like Myanmar that rely heavily on labour-intensive industries. The recent change in the government has added further concerns to the political state of Myanmar. With this recent set of events, we have seen foreign investors and suppliers face difficulty in recovering debts in Myanmar. This Alert sets out actions that may be considered by creditors towards recovering debts from a Myanmar company.
Singapore and Pacific Alliance Sign Free Trade Agreement
On January 26, 2022, the Pacific Alliance and Singapore signed the Free Trade Agreement (Agreement) at the 16th Summit of the Pacific Alliance. With the signature of the Agreement, Singapore became a member state of this international organization, whose members are Colombia, Chile, Mexico and Peru.
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The Metaverse: The Rise Of The Digital Universe
The metaverse has been on the minds of several practitioners, advisers, corporate strategists and central bankers. But, the Generation Z participants – or zoomers as they are affectionately known as – are not thinking it – they are well into being it, living it and expanding the ever evolving Metaverse. So, if you have not heard about the Metaverse, it’s time for you to elegantly crawl out of your intellectual rock and start to understand the nuances and idiosyncrasies around this metamorphosis surrounding the digital universe. All corporates and businesses need to start re-calibrating their business strategies to cater for the zoomers – who by the way form the largest consumer base presently. And the zoomers will continue to dictate their terms of engagement with all consumer ecosystems, including with the big techs. We are in the zoomer’s realm and the development of their Metaverse epoch is inevitable. In my mind, Ready Player One (and Two) in some form is already here. Continue reading “The Metaverse: The Rise Of The Digital Universe”
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.