Product of a 2011 joint venture between a US and a domestic firm,
Duane Morris & Selvam’s Singapore office plays a key role as a hub for the international firm’s regional work.
Focusses / specialisms
The firm’s strongest practice is capital markets, but it performs well consistently in banking and finance, M&A and project development. The capital markets practice has a regional focus and often acts on matters in India, Indonesia, Vietnam and Myanmar.
Key sectors of activity include technology and telecommunications, oil and gas, energy, utilities, consumer goods, media and entertainment, and pharmaceuticals. The firm’s structure as a joint venture allows it to advise on both local and foreign law matters.
Key clients
Key clients include Globe Telecom, Axiata Investments (Indonesia), XL Axiata, Cariflex, Protelindo, Woori Bank, Shinhan Bank, Resona Merchant Bank Asia, Kirkham International and Parastruct Innovations.
Research period review:
33rd edition (2022/2023)
During the research period, the capital markets team was particularly active in the equity capital market advising on private placements of shares and rights issues, mainly acting for book-running lead managers and underwriters.
In M&A, the firm was active on cross-border and domestic strategic deals on the buy side. The firm was also active in fund formations.
In restructuring and insolvency, the firm recently acted for both liquidators and creditors.
Partner Jerald Foo joined the firm from Oon & Bazul, while partner Krishna Ramachandra moved to Digital Insights Ventures.
Deal highlights: 33rd edition (2022/2023)
ICICI Securities’ $180 million rights issue of shares in Capri Global.
SKP Securities’ $120 million rights issue of shares in Bombay Dyeing and Manufacturing.
Axiata Investments (Indonesia) Sdn and XL Axiata’s acquisition of 66.03% of the issued share capital of PT Link Net.
Client feedback: 33rd edition (2022/2023)
Asset finance
“They are very attentive, knowledgeable and responsive.”
Leon Yee
“Leon is very knowledge and works practically.”
