Legal 500 has launched its 9th Edition of Country Comparative Guides. This year’s chapter for Mergers & Acquisitions (Singapore) is contributed by Leon Yee, Ramiro Rodriguez and Jennifer Lo.
Continue reading “2025 Edition of Legal 500: Mergers & Acquisitions Comparative Guide”
SINGAPORE, 16 April 2025 – We are proud to have acted as Solicitors to the Issue Manager, Full Sponsor and Placement Agent, RHB Bank Berhad, as to Singapore law in connection with the successful initial public offering and listing of Vin’s Holdings Ltd on the Catalist board of the Singapore Exchange (“SGX”).
Continue reading “Congratulations to Vin’s Holdings Ltd on its Successful Listing on SGX Catalist”
SINGAPORE, 8 April 2025 – Duane Morris & Selvam is pleased to announce that Directors Jamie Benson and Priyank Srivastava have been included in the newly published India Business Law Journal’s “A-List” of top India-focused lawyers at international law firms. Notably, Jamie has been consistently named in the prestigious list for seven consecutive years since 2019.
Continue reading “Duane Morris & Selvam Directors Recognized Among Top India-Focused Lawyers in 2025 International A-List by India Business Law Journal”
SINGAPORE, March 10, 2025 – Selvam LLC is pleased to announce the promotion of Patrick Ong to Director, effective 1 March 2025. This promotion recognizes Patrick’s contributions to the firm and his commitment to delivering outstanding legal services to clients.
Continue reading “Selvam LLC Promotes Patrick Ong to Director”
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.
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, 28 November 2023 — Duane Morris & Selvam LLP acted as the international legal counsel to ICICI Securities Limited, DAM Capital Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) in their capacity as the book-running lead managers on ESAF Small Finance Bank Limited’s recent INR 4.63 billion (US$56 million) IPO, which also included concurrent private placements outside India, including in the United States. The bank’s equity shares were listed on the BSE and NSE.
Continue reading “Duane Morris & Selvam Advises on ESAF Small Finance Bank’s INR 4.63 Billion IPO”
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).
In recent years, Singapore has attracted large inflows of wealth to be managed here, establishing its status as a leading wealth management hub in the region. This is largely thanks to the rule of law, economic and political stability, welcoming investment climate and business-friendly environment in Singapore, which have all played a pivotal role in attracting high net-worth individuals to invest in Singapore.
According to the Global Family Office Compensation Benchmark Report recently published by KPMG Private Enterprise and family office consultancy Agreus, it is estimated that 59% of the family offices in Asia are located in Singapore. The number of single family offices (“SFOs”) in Singapore has leapt from 700 in 2021 to 1,100 as of the end of 2022. Continue reading “Updates to the Application Criteria for Family Offices under the S13O and S13U Tax Incentive Schemes”
