Drew & Napier

Singapore

Reviews

Practice area

IFLR1000 Reviews

Financial and corporate

Drew & Napier is a solid performer across the financial and corporate space, but its prized restructuring and insolvency practice sets it apart from competitors. 

The banking team has particular expertise in project financing. Recently the firm took on roles such as lenders and borrowers counsel on financing transactions for firms active in sectors such as real estate, shipping, oil and gas, and renewable energy.

In capital markets work the firm recently acted for issuers and underwriters on matters including IPOs, bond issues, rights issues, and overseas listings.

On the M&A side the firm’s clients include private and publicly listed corporates, venture capital funds, financial institutions, multinationals, and government entities. Highlights include advising on the first merger of two REITs in Singapore; advising on the formation of one of Asia’s largest cybersecurity companies; and acting for SoftBank Vision Fund in the disposal of its interests in Flipkart to Walmart.

In restructuring, the firm took on roles for lenders, agents, bondholders, and creditors and notably advised firms such as Nam Cheong and TT International on debt restructuring exercises. The firm was particularly active in oil and gas and shipping.

A significant staffing change saw Kenny Kwan leave the capital markets team for Baker McKenzie Wong & Leow. The restructuring team was boosted by the hire of Gary Wan from Prolegis.

Recent Deal Data highlights

·         eBay International $573 million acquisition of Giosis’ Japan business

·         ESR-REIT merger with Viva Industrial Trust

·         Haidilao International Holding HKEX IPO

·         IAG Holdings HKEX IPO

·         Nam Cheong $1.35 billion debt restructuring

·         Perennial Real Estate Holdings S$1.028 billion acquisition of a 50% stake in Capitol project

·         Starhub joint venture with Leone Investments

·         Walmart $16 billion acquisition of Flipkart

Client feedback

“Solid knowledge of local and international laws and regulations. Solid legal advice on commercial considerations from banking and legal perspectives. Solid advice on market standards from a banking perspective.“ – Banking

“Quality advice, quick turnaround time, reasonable rates and flexible charges. Offering to teach my banking staff in legal matters and update them on the latest developments in the legal arena.” - Banking

“The work is of the highest quality. “ - Capital markets

“Excellent. The law firm understands legal and commercial requirements.” - Capital markets

“It provides the full range of legal services to the clients. It is resourceful in helping the clients arrive at effective solutions in a timely manner when handling corporate work. The team exhibits a strong understanding of the business and provides value-added solutions.” - Capital markets

“Very high level of legal services of all kinds, as required by public companies and fund managers.” – Financial and corporate  

“Superb response and turnaround time; very good knowledge and understanding of the brief; easy to communicate and always available to discuss; very good fee structure; and approachable partners and associates.” - Investment funds

“Extremely professional, efficient and responsive given Take-over Code and Securities & Futures Act time constraints and several other issues which arose during the pre-Offer, Offer and post-Offer period.” - M&A

“The team from Drew & Napier in charge of our M&A work was detailed, thorough and quick in producing results. I was very satisfied with the outcome.” – M&A

“We have depended on the professional services of Drew & Napier's restructuring and insolvency team for more than 10 years and have never been disappointed. Overall, the quality of work (legal knowledge as well as an understanding of the market environment) has been outstanding. One aspect which we appreciated most is the team's ability to go beyond the legal aspects and advise us on the commercial implications.” - Restructuring and insolvency

“Drew & Napier's work is exemplary. Their strength is turnaround time, and I cannot point any weaknesses so far.“ - Restructuring and insolvency

“Extremely commercial and competent. Able to grasp issues affecting not just the legal position but those which relate to the commercial, political and reputational concerns of the clients.” - Restructuring and insolvency

 

Ron Cheng

“Highly professional, responsive and knowledgeable.” 

Pauline Chong

“Highly professional, responsive and knowledgeable.”

“Excellent legal and commercial advice on banking matters which is current and practical for business purposes.”

“Strong in corporate banking matters, understands trade and treasury products very well, always giving ideas for better ways of structuring financing lines, innovative in helping the find suitable solutions, and willing to walk the extra mile, clocking extra hours to rush out urgent cases.“

“One of the better legal professionals around, she is helpful, knowledgeable and professional in her dealings.”

“She is quick to respond with precise input. Use of associates for routines is very helpful in reducing the cost without compromising the quality. I could not see any weakness during our interaction.“

“Pauline is very detailed when she reviews documents. She brings in a local perspective and provides the best practice in the market for such documents. She gives easy to understand examples so that we can understand why certain clauses needed to be worded in a certain way. This really made my job so much easier. It is so pleasant to be working with Pauline.”

Blossom Hing

“Blossom stands out at her firm as a highly dedicated, conscientious and thoughtful. Blossom has a wealth of experience in insolvency and litigation in Singapore and is very versatile. She brings all her experience to bear in solving complex legal issues.”

“Extremely competent and commercial. Addresses not just the legal problems facing the client, but provides solutions tailored to the client's needs.”

Petrus Huang

“Very good lawyer with a lot of legal and business knowledge; very receptive.”

Michael Kwan

“Michael is highly responsive to any queries raised and is always contactable, which is an important attribute. In addition, he dispenses practical advice which takes into consideration both compliance and commercial factors for the client.”

Julian Kwek

“Both Sushil and Julian are excellent lawyers in all respects: intelligent, hardworking, responsive to client needs and creative.”

“Julian has a tremendous depth of understanding and knowledge of the Indonesian market which we are operating from. This knowledge had been most useful when assisting us to make major divestment decisions. He is able to think outside of the box and highlight to us, apart from legal issues, the commercial implications.“

Grace Lai

“Completely professional and highly responsive.”

“Excellent work. She delivers timely and effective solutions and advice to the client, and really understands the needs of the business and owner. Great time management.“

Renu Rajan Menon

“Absolutely wonderful to work with. Solid knowledge of the subject matter and superb attention to the deadlines.”

“Very strong commitment and ability to deliver. Excellent skills in communication and delivery.“

“Responsive and effective.”

Jon Nair

“Good at giving practical solutions in a timely manner.”

“He was very detailed, quick to respond and overall did a fantastic job.”  

Sushil Nair

“Both Sushil and Julian are excellent lawyers in all respects: intelligent, hardworking, responsive to client needs and creative.”