Allen & Gledhill
Founded in 1902, Allen & Gledhill is one of the largest and leading law firms in Singapore. The firm extends its influence across the region with an office in Myanmar and Vietnam, an associate firm in Malaysia and an alliance in Indonesia.
The firm is strongest in its banking and finance practice, servicing clients including corporates, financial institutions and funds across multiple sectors including energy, real estate, maritime and aviation, and healthcare. It excels across product lines including Islamic finance, project finance for energy, infrastructure M&A and restructuring.
Recent examples of the firm’s banking work include advising DBS, Maybank, SMBC and UOB, the mandated lead arrangers and bookrunners, on the conventional loan and Islamic Murabaha facilities to Wealthy Link. This transaction was also one of the largest real estate financing transactions in Singapore in 2024.
The firm was highly visible in capital markets, where it advised the issuer on the issue of SLP securities under a multi-currency debt issuance programme. The deal sets several industry firsts – the first Singapore dollar-denominated SLP, the first public benchmark SLP in Asia, and the first public perpetual securities issued by a pure play data centre.
In a landmark M&A matter, the firm advised Vanguard International Semiconductor Corporation on its proposed US$7.8 billion joint venture with NXP Semiconductors to build a new 300mm semiconductor wafer manufacturing facility in Singapore. The transaction is one of the largest joint ventures to date in the Singapore semiconductor manufacturing industry.
Maybank Singapore, Singapore Airlines, Rohto Pharmaceutical, Mitsui, Vanguard International Semiconductor Corporation, Oversea-Chinese Banking Corporation, Nebula Energy, Hotel101, and Nxera My.
“A&G gives very practical advice. As they are very familiar with terms of banking documents and what is acceptable to institutions, they are able to explain well lenders’ and borrowers’ positions, so that parties are able to come to a speedy agreement.”
“The firm is known for its team of highly experienced lawyers who are leaders in their respective fields. Their deep expertise allows them to handle complex and multi-faceted legal issues effectively.”
“The teams of A&G are extremely well organised and proportioned in terms of the range in seniority. They are able to meet the challenges of each deal, client or case. It helps to have relationship partners that are now familiar with our policies and great at the latest trends and market developments to give advice that is tailored to all internal and external factors at play.”
“Highly knowledgeable lawyers, experts on Singapore law matters, hands-on partners, reasonable fee quotes.”
“Expert in their business field and highly experienced in their offerings, having been deeply involved in a lot of discussions to structure highly complicated transaction structures.”
“The firm is distinguished by its highly experienced senior partners, who possess a comprehensive understanding of commercial precedents and technical excellence. They are supported by exceptionally well-drilled teams with deep expertise across practice areas.”
“Expert and insight knowledge of the funds industry, close relationship and connections with the regulators, familiarity and expertise on regulations and documents.”
“The firm is distinguished by its meticulous attention to detail, exceptionally responsive service, and creative problem-solving capabilities that consistently deliver alternative solutions when conventional approaches prove inadequate.”
“Not only technical lawyers but also highly commercial with a great work ethic.”
“Prompt service. Understand our company needs. Well versed in the issues that we are facing. Provide effective and sound solutions and proposal to resolve our contractual disputes.”
Restructuring and insolvency
“The team demonstrates exceptional technical expertise, provides prompt and comprehensive follow-up, and excels at distilling complex matters into clear, understandable concepts with practical solutions.”
“Good commercial sense, technically strong, good network.”
“Quality service that experienced insolvency lawyers provide.”
“Technically capable, timely advice, excellent client relations, value-for-money work.”
“The issues considered in my applications were novel to the Singapore law and they know how to deal with the issues vis-à-vis the boundaries of the law.”
“In-depth knowledge of construction law and extensive experience. Very responsive and understands our company’s needs very well.”
“Best in class in the field and highly reliable.”
“Highly competent and professional lawyer; is able to distil decisions into commercial considerations.”
“Wei Ting has been very supportive of the customer's requirements and caters to our needs. He has also been following up closely on issues and ensuring that the issues are resolved to meet the project's timeline.”
“Aloysius is very familiar with the different terms and conditions of various lenders. On disputed issues, he is able to articulate each party’s reasoning and propose possible solutions for parties to consider so that we can come to an agreement to finalise the matter.”
“Top at his work and can solve complex deals and transaction structures and is swift and responsive.”
“Aik Hin and his team are extremely well versed in the workings of the Singapore courts, with excellent work product and work rate despite complexities.”
“Nicholas is not only technically strong but also very commercial and someone I can rely on. His advice is highly trusted.”
“Prompt and practical advice from Nicholas Soh for M&A matters.”
“Provides sound actionable advice efficiently. Reliable and good communicator.”
“She is very efficient and punctual. She has the ability to simplify complex legal jargon into layman’s terms and to think out-of-the-box when conventional approach doesn't work. she is also excellent at drafting skills.”
“Highly experienced on capital markets matters. Very knowledgeable and professional.”
“Tze Gay is an industry veteran who has deep legal expertise in equity capital markets and who has led some of the most complex and high-value equity capital market transactions in Singapore over the years offering clients legal advice that is very sound, very astute and yet very commercial.”
“Tze Gay is extremely sharp and is the best in the business when it comes to thinking on your feet and coming up with technically sound and innovative solutions. She is very approachable and also professional and responsive.”
“Jo is always excited to delve into areas of the law which have not been examined. She is also very keen to develop the next generation of lawyers and gives them ample opportunity to shine.”
“She has extensive experience of Singapore insolvency cases and thus provides quality service while she is very responsive to any requests of the client.”
“Super quick to grasp complex concepts and spot issues which would have been missed. She was efficient, responsible, and very knowledgeable in this area. Her advice was not only legally sound but commercially smart as well.”
“Consistently demonstrated exceptional expertise, integrity and dedication. She is my trusted advisor who seamlessly combines technical knowledge with strategic insight. She cultivates strong relationships with clients, regulators and stakeholders, ensuring seamless transactions and proactive risk management.”
“She is professional, a subject-matter expert and a great joy to work with. She is very responsive, practical in her advice and has deep-rooted understanding of the regulatory landscape in Singapore. When you want to assess the regulatory risks on complex matters and want things done right from the outset, Karen is the lawyer to consult.”
“Good business acumen, technically strong.”
“Good interpersonal skills, in-depth knowledge of restructuring law.”
“Great client network. Law knowledge excellent and super-practical and commercial.”
“Clear and concise advice.”
“Alex is well versed in insolvency law and is always excited to delve into areas of the law which have not been examined.”
“She is a highly resourceful and technically competent professional who is organized, manages time effectively, and is always accessible. She is known for strong follow-up and the ability to work quickly, proactively identifying all potential issues and their corresponding solutions for the client.”
Aquinas Law Alliance
Aquinas Law Alliance is a local boutique law firm founded in 2016 comprising more than 15 lawyers from Singapore, Malaysia and China. The firm is led by joint managing partners Aloysius Wee and Lim Kok Meng.
Focusses / specialisms
The firm is known for its equity capital markets practice. It is one of the few law firms in Singapore that regularly advises on transfer listings as an alternative to the more traditional initial public offerings and reverse take-overs.
Industry sector strengths include finance, e-commerce, technology, engineering, construction, retail, and food and beverage.
Key clients
Key clients include Camsing Healthcare, China Haida Group, Zixin Group, TTJ Holdings and V2Y Corporation.
Research period review:
33rd edition (2022/2023)
During the research cycle, the firm was active in the equity market area, particularly on equity mandates such as secondary share offerings, private placement of shares and IPOs.
Deal highlights: 33rd edition (2022/2023)
Camsing Healthcare investment by Qiren Holdings.
Green Build Technology’s private placement of shares.
TTJ Group’s privatisation.
Blackletter
Founded in 2010, Blackletter (formerly known as Link Legal) is a Singapore boutique law firm focused primarily on private clients and dispute resolution. The firm has shifted its focus to develop and grow its offerings in the financial services space.
The firm focused on art, banking and finance, capital markets, disputes resolution, family offices and private wealth, financial regulation, fintech, insurance, investment funds and tax practice areas.
Recent examples of the firm’s deal work include advising a financial institution to review and amend its Prime Brokerage Agreement for Total Return Equity Swap Products. This matter was legally innovative as it required a departure from standard ISDA documentation.
CGS International Securities, CGS International Securities Mauritius, Maybank Securities, Maybank Investment Bank, and Malayan Banking.
“Good breadth and depth with exceptional understanding of the meanderings of the local practices with consideration for international standards. Gerard [Ng] and Teck Chai have been exceptionally insightful when providing advice and services, with a high attention to detail in spotting certain matters with reference to the other departmental work that has been done.”
“The team excels at explaining complex regulatory and transactional issues clearly and providing solutions that align with our business goals. They are consistently responsive, proactive, and thorough, with a high degree of partner involvement that ensures quality and builds confidence. As a specialized boutique, they offer deep focus yet remain flexible, providing the comfort that they understand not just the law, but also the perspectives of regulators and counterparties.”
“Blackletter provided insightful advice in structuring the transaction, backed by clear and well drafted terms and conditions.”
“The team is committed to the delivery of high-quality work and flexibility in working with the clients' timelines. Overall, it is a compatible team with diversified experience.”
“The team possesses an exceptional understanding of our specific financial products and operations, which allows them to provide precise, practical legal advice that aligns directly with our commercial goals. They are highly responsive and communicate complex issues with remarkable clarity, making collaborations both efficient and productive.”
“They have very good working product knowledge as well as experience in the industry. They are able to offer practical solutions that meets our expectation. They also take the additional effort to understand more about the business so that the advice they give is not specific to the particular engagement, but rather considers the other aspects of your business.”
Financial services regulatory
“Although they were only engaged to review the additional requirements for onboarding a specific group of clients, the team went beyond to review what was lacking in the original agreements.”
“They stand out for their flexibility, collaborative approach, and client-friendly billing. Their reasonable fees, transparent invoicing, and willingness to discuss arrangements make for a smooth working relationship.”
“Gerard has a strong command of our business and products, quickly grasping complex features and translating them into clear, actionable insights. His ability to immediately engage with new ideas adds significant value to our discussions. He ensures communication is smooth and productive, balancing technical and business considerations with professionalism. His responsiveness and focus make him a significant asset to our work.”
“Gerard is very detailed. He will first listen and understands our requirements before getting down to work.”
“He has extensive knowledge and experience of the finance industry and the products, and he provides practical and feasible solutions that meets our request.”
“He is a trusted advisor with deep expertise across banking, finance, and capital markets. His unique value comes from his prior in-house experience, which gives him a practical understanding of commercial pressures and business operations. This allows him to provide strategic, actionable advice that balances legal precision with business needs.
“He is skilled at navigating complex regulatory issues and is valued for his calm, solution-focused approach, making him a go-to counsel for both legal and management teams.”
“The depth and experience when working through Gerard shines through the attention to detail and insightful thinking into the nuances of the financial services industry.”
“Timely and insightful advice in all areas of the work scope. Experienced and very competent in all areas of legal work including advisory, drafting, etc., with added value due to his familiarity with the finance industry.”
"Commitment to the delivery of high-quality work and flexibility in working with the client's timelines."
“Teck Chai is a standout counsel who operates as a true extension of our team. He distinguishes himself by combining deep regulatory knowledge with sharp commercial judgement, delivering practical, business-tailored solutions instead of just outlining legal risks. His highly responsive and attentive service makes him an invaluable partner.”
Dentons Rodyk & Davidson
Founded in 1861, Dentons Rodyk & Davidson is the oldest law firm in Singapore. It has diverse financial and corporate offerings and is particularly strong in banking and finance and project development. The firm forms part of the Dentons ASEAN network, which also includes Dentons HPRP in Indonesia, Zain & Co in Malaysia, and Dentons Myanmar.
Recent examples of the firm’s deal work include advising HSBC Institutional Trust Services (Singapore) in relation to the issue of sustainability-linked guaranteed bonds. The bonds are unconditionally and irrevocably guaranteed by the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank. The bonds are the first SGD-denominated CGIF-guaranteed sustainability linked bonds in Asia, the first listed CGIF-guaranteed bonds aligned to the ASEAN Sustainability-Linked Bonds Standards, and the first CGIF-guaranteed bonds issued by an industrial REIT in Asia. The bonds are also the issuer’s first non-sukuk bond offering.
The firm also acted as lead counsel to Nasdaq-listed Stagwell in its strategic acquisition of ADK Global, a premier Japan-based advertising and marketing group with operations across 10 jurisdictions. This landmark transaction is Stagwell’s inaugural acquisition in the Asia-Pacific region and required sophisticated legal structuring to navigate multi-jurisdictional challenges, including foreign ownership restrictions, merger control filings, and capital repatriation requirements.
J O Hambro Capital Management, Menzies Aviation (SG), Serentica Renewables, UOB Kay Hian, OCBC, DBS, CGS International Securities Singapore, HSBC Institutional Trust Services (Singapore), Perpetual (Asia), and White Star Capital.
Drew & Napier
Founded in 1889, Drew & Napier is one of the most well-known names in the Singapore legal market and is recognised as one of the “big four” law firms in Singapore. The firm bolstered its regional capabilities by forming Drew Network Asia (DNA) with Shearn Delamore & Co in Malaysia, Makarim & Taira S in Indonesia and Martinez Vergara Gonzalez Sociedad (MVGS) in the Philippines.
The firm has a well-diversified offering across the financial and corporate space, with its key strength being its market-leading restructuring team.
Highlights
Recent examples of the firm’s deal work include advising Pfizer Investment Enterprises, a Singapore-incorporated subsidiary of Pfizer, on a landmark multi-tranche bond offering. The issuance of senior unsecured notes, ranging from $3 billion to $6 billion across eight tranches, was fully and unconditionally guaranteed by Pfizer. This transaction represents the fourth-largest US bond sale on record and the largest ever by a Singapore-incorporated issuer.
The firm also advised Helens International on its secondary listing on the Mainboard of the Singapore Exchange (SGX-ST). While primarily listed on the Hong Kong Stock Exchange (HKSE), this transaction was a landmark achievement as the first SGX Mainboard listing to require and secure approval from the China Securities Regulatory Commission (CSRC) under the new Trial Administrative Measures. Furthermore, this deal marked the first Mainboard listing of 2024 and is one of only two such listings for the year.
Key clients
ARA-Kenedix SJ Real Estate Fund, Bank J. Safra Sarasin Singapore, Bank of China (Hong Kong), Tuan Sing Holdings, Helens International Holdings, GAO Capital, Harvest Fund Management Company, Goldbell Corporation, SAMART Comtech, EMAS Offshore
Testimonials
Capital markets: Equity
“The team's professionalism, dedication, and deep expertise gave us full confidence in their guidance.”
Financial services regulatory
“Technically excellent and really knows the industry.”
“We trust Drew & Napier for their deep regulatory expertise and clear, commercial advice, particularly in emerging fields like digital assets. The team excels by combining technical skill with strategic clarity and responsiveness.”
Investment funds
“Provides reliable and detailed advice, grounded in deep knowledge.”
“Service is good, advise is professional.”
“We were consistently impressed by the team's deep subject matter expertise and strong industry reputation, which were evident in their strategic insights and creative problem-solving that significantly enhanced our position. Their client-centric approach was demonstrated through their responsiveness, clear communication, and strong advocacy, ensuring our interests were prioritized and our voice was heard. The team maintained the highest professionalism, fostering a collaborative spirit and leveraging their well-staffed resources to facilitate a successful outcome.”
M&A
“Reliable, engaging, professional, reasonable fees.”
“Responsive and steady.”
“Very focused and efficient team.”
Private Equity
“The firm consistently delivers sound, on-point legal advice with an excellent turnaround time. This is supported by the breadth and depth of their team, which ensures comprehensive coverage across all our matters.”
“Their knowledge, empathy and commitment to assist us to ensure the objectives are achieved.”
Restructuring and insolvency
“The team is particularly skilled in complex, cross-border cases, especially those involving Vietnam and Indonesia. Their comprehensive skill set spans M&A, finance, and dispute resolution, allowing them to handle all facets of a restructuring. Clients value their commercial, client-centric approach, noting their ability to provide clear, practical advice and navigate intricate legal challenges. This combined with their strong regional network, makes them a top choice for Singapore-based corporates facing high-stakes restructurings.”
Ron Cheng
“Experienced and professional.”
“He listens, describes possible scenarios then offer solutions, highlighting the pros and cons of each solution.”
“Ron demonstrated strong expertise in investment law and strategic thinking, effectively enhancing our position. Clear communication and responsiveness ensured that our interests were prioritized, while demonstrating professionalism and strong advocacy. Showed creativity in overcoming challenges and finding effective solutions. Strong project management and leadership and worked effectively with our team.”
Grace Chong
“Technically brilliant. Clear commercial advice. Accessible.”
“Grace Chong been a huge asset to us, especially in navigating regulatory grey areas in fintech and tokenisation. These aren’t matters with straightforward answers, and Grace is exceptional at identifying the real risks and offering workable solutions. She understands how regulators think and anticipates concerns before they’re raised. She’s also incredibly clear and strategic when dealing with regulatory engagement, which has made a tangible difference in helping us structure our business in a compliant and commercially viable way.”
“Grace is an outstanding individual not only locally, but also in the APAC and EMEA regions. She has practically come across all kinds of complex issues in crypto and blockchain space because of her broad and prestige clientele, which give me peace of mind whenever I engage Grace on complex local and cross-border matters that can have a huge impact on the company.”
Julian Kwek
“Julian is an intelligent and creative problem-solver who always makes sure to understand his clients' objectives and concerns in developing effective strategies in their complicated cross-border restructuring matters.”
Jon Nair
“Technically sound, has the benefit of foreign law firm experience therefore able to be practical and commercial and get the deal across the line.”
Mahesh Rai
“An extremely effective advocate.”
“Mahesh is a top disputes lawyer specializing in high-stakes international arbitration and litigation for construction, energy, and infrastructure projects. He is praised for his strategic skill in handling technically complex, multi-million-dollar disputes. Clients value his practical, commercial approach and his ability to simplify intricate issues.”
Teng Sen Tan
“Always responsive and responsible with good skills.”
“Great deal leadership to bring the transaction across the line.”
Tan Teng Sen
“Reliable, engaging and professional.”
Duane Morris & Selvam
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.
The firm’s strongest practice is capital markets, which 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.
The firm advised Sembcorp Utilities on the US$250 million project financing for its gas-fired power plant in Myingyan, Myanmar. This landmark project is the country's first internationally competitively tendered power project and its largest gas-fired power station to date. The transaction was highly complex as it represented the first true project-financed BOT (build-operate-transfer) power project in Myanmar.
The firm also represented Ecuadorian business Santa Priscila, one of the world's largest shrimp farming companies, in its landmark corporate restructuring and the US$360 million sale of a 20% stake to the Japanese corporate group Mitsui & Co. This transaction stands as one of the largest M&A deals in Ecuador's history, demonstrating the firm’s capability in executing high-value, cross-border investments in complex jurisdictions.
State Bank of India, Union Bank of India, Shwe Minn Gan Finance Company, ICBC, CNTIC, ICICI Securities, Quickroutes International, Santa Priscila, PT XL Axiata, Euronet, Incomlend, and Ambercycle.
Eng and Co
Eng and Co were founded in 2018 by name partner Rachel Eng, who also serves as managing director. The firm is notably a member of the PwC legal network, which extends to over 100 territories throughout the world with more than 3,500 lawyers providing a full spectrum of legal services.
The firm is recognised for its capital markets, corporate and M&A, and investment funds practices. It advises clients operating in various sectors including retail, banking and financial services, consumer goods and services, healthcare, food and beverage, oil and gas, real estate, logistics and technology.
Recent examples of the firm’s deal work include advising Boustead Singapore on a landmark take-private transaction. It is legally significant as it was the first publicly reported take-private deal executed following the pivotal change to Singapore's compulsory acquisition threshold, which took effect on 1 July 2023.
The firm also acted for Cuscaden Peak Investments in the landmark divestment of its purpose-built student accommodation portfolio to Mapletree Investments. The transaction's complexity necessitated a novel legal approach, leading the firm to deploy two specialised teams to manage distinct aspects of the negotiation and documentation.
Vertex Technology Acquisition Corporation, Boustead Singapore, Fifty-Eight Capital, Ednovation Holdings, and JF Technology.
“Round the clock responsiveness during crunch time.”
“Responsive and provides client-oriented service.”
LPA
Since 2018, LPA Singapore is a key element of the international coverage of LPA Law network, which has offices in France, Germany, Africa, the Middle East (UAE) and Asia. LPA Singapore is strategically positioned to advise clients in Singapore and those conducting business throughout the region, particularly in Indonesia, Malaysia, Cambodia, Thailand, Vietnam, the Philippines and elsewhere in southeast Asia.
The firm’s Singapore office is focused on M&A, private equity, restructuring and various modes of financing, with strong expertise in the technology, financial services, energy, commodities and natural resources sectors. The type of transactions the firm is involved in ranges from venture capital transactions to cross-border M&A, primarily in the non-listed sector.
Highlights
During the research period, the M&A team was active in advising private acquisition, asset acquisition, joint venture and divestment mandates.
Recent examples of the firm’s deal work include advising Elis SA, the global leader in textile rental and maintenance services, on its acquisition of 100% of Wonway Manufacturing, a Malaysian company.
The firm also advised Lectra SA, a listed French high-tech group with a global presence, on its phased acquisition of Six Atomic, a fashion technology group specializing in AI-powered solutions.
Key clients
EPC, HAVAS, ELIS, MANE, Saint-Gobain
Testimonials
M&A
“Great involvement of the law partners from LPA in each of the cases, and fantastic relevant advice and suggestions. Turnaround time has also been very fast for all the creation of legal documents.”
“Good knowledge of the dynamics of negotiation for shareholders agreements and share subscription agreements.”
“Hands-on lawyers, ability to deal with cross-border operations.”
“LPA-CGR was very commercial and autonomous on this project. Client appreciated their clear advice.”
“LPA team understand the business objectives well and have the ability to translate those to the legal world.”
“LPA Singapore provided outstanding legal support in terms of quality and responsiveness. Their lawyers are savvy negotiators and prompt to understand the underlying business context.”
“Problem-solver, availability, accurate answers.”
“The LPA team is proactive, detailed-oriented and delivers high-quality services.”
“They have strong ties with the French community in Singapore. Very commercial-minded and they can provide out-of-the-box solutions and fast responses.”
“Very business-driven. Looking for smart solutions. Deal-maker while defending the interest of clients.”
Financial services regulatory
“Finds solutions in negotiations."
Restructuring
“Reactive. Professional.”
PK Wong & Nair
Led by co-managing directors Suresh Nair and Mark Wong, PK Wong & Nair is a full-service law firm following the merger of Nair & Co and PK Wong & Associates in 2020.
The firm is recognised for its strong restructuring and insolvency practices. It has experience in advising creditors such as bondholders, debtors, liquidators and trustees across a variety of industry sectors.
Testimonials
Suresh Nair
“Suresh Nair is valued for his clear communications and practical advice.”
Rajah & Tann Singapore
Founded in 1976, Rajah & Tann Singapore is one of the largest full-service firms in Singapore. The firm is regarded as one of the jurisdiction’s elite firms, dubbed the “Big Four”. The firm, led by managing partner and deputy managing partner Rebecca Chew, extends its presence throughout the region with Rajah & Tann Asia, the largest Southeast Asian network of law firms.
Recent examples of the firm’s deal work include advising Synagistics, a leading Southeast Asian digital commerce platform, in Hong Kong's inaugural de-SPAC transaction since the 2021 rule changes. The landmark deal involved a business combination with Hong Kong Acquisition Corporation, structured through a novel amalgamation under Section 215A of the Singapore Companies Act. This pioneering transaction establishes an important market precedent for future de-SPAC combinations in the region.
Other highlights include advising Midea Group on its US$3.98 billion public offering on the Stock Exchange of Hong Kong. This landmark transaction represents Hong Kong's largest IPO since 2021.
Havenport Asset Management, Tahan Capital Management, Amansa Capital, New Silk Road Investment, Unison Capital Management, Korea Culture Promotion, Dasin Retail Trust Management, Zettai, SAM Trade Group, and Coca-Cola Sabco (East Africa).
“Competent, understands client's requirements, provides sound advice.”
“Customer-centric and solutions oriented.”
“Deep expertise in the area of banking and finance, and has a network of law firms to provide seamless legal service for cross-border matters.”
“The firm stands out for their deep expertise not only in the legal aspects of the work, but also in providing practical, commercially sound advice. Their team is responsive, responsible, and consistently delivers high-quality service. What I particularly appreciate is their ability to balance commercial pragmatism with strong legal principles. They’re not easily swayed, and you can rely on them for solid, well-reasoned counsel. Their fees are competitive, and they always make you feel like you're in capable hands.”
“The team led by Lee Xin Mei is always highly responsive, consistently delivers expert and quality legal advice and, most importantly, constant assurance that they are professionals who have the backs of their clients on all transactions.”
“Professional, diligent, resourceful and prompt in response.”
“Prompt, detailed, practical.”
“Team is responsive and provides quality advisory.”
Financial services regulatory
“I enjoyed working with Regina Liew and Benjamin Liew of The Financial Institutions Group. They were very responsive, perceptive and very commercial.”
“Having worked with R&T for a number of years already, the firm understands our needs and positions very well. They are also able to provide good advice that is well balanced between market practice, legal boundaries and commercial realities.”
“The partners I worked with are very knowledgeable and practical.”
“Deep bench, market leader in Singapore.”
“Excellent responsiveness, advice, negotiation tactics, and quality of work.”
“Excellent services, highly skilled lawyers, value for money.”
“Favian's team is highly responsive, demonstrates strong commercial acumen, and consistently prioritizes building a strong partnership with their clients. They always put the client's interests first.”
“Hard working and supportive lawyers who rendered sound advice and were able to evaluate issues soundly, including from the commercial angle. Well drafted documents, quick turnaround, reasonable fees and full-service firm.”
“Rajah & Tann consistently delivers results by leveraging its deep expertise across multiple fields and its keen awareness of market precedents and regulatory stances. The firm excels at managing complex, multi-track mandates efficiently, consistently meeting or beating deadlines. They are adept at professionally handling difficult stakeholders and proactively highlighting potential challenges. Clients benefit from a well-resourced team that responds promptly and provides clear, practical solutions in layman's terms.”
“Responsible, knowledgeable about the subject matter, quick & responsive and easy to work with.”
“Professionalism and efficiency in delivering output.”
“They provide excellent problem-solving and strategic advice, combined with stellar written and oral advocacy. Their approach is highly responsive and client-friendly, characterized by frank, clear communication.”
“Excellent M&A and real estate lawyer.”
“Subject-matter expert. Ability to interact with and give cogent legal advice to the board.”
“Understands issues and provides good advice and solutions. Strong technical knowledge.”
“Responsive, practical and detailed.”
“Xin Mei is our preferred counsel for highly complex acquisition and leveraged financings. She is a top-tier lawyer with a sharp, astute mind, able to quickly grasp intricate legal and commercial nuances. She is solution-oriented, consistently designing innovative structures to meet client needs. She is highly dedicated, reliable, and responsive, delivering quality work under tight deadlines. She is also personable, excels at client relationships, and demonstrates strong leadership, standing out among her peers in Singapore.”
“Very knowledgeable, practical and responsive.”
“Very responsive, user-friendly and clear in his advice. Calm under pressure.”
“She is the market leader and esteemed practitioner. She knows when to push and to play nice.”
“Excellent responsiveness, advice, negotiation tactics, and quality of work.”
"Enoch consistently delivers work on time and is highly responsive, making collaboration smooth and efficient. He demonstrates strong sector knowledge and shows a genuine willingness to adapt to evolving needs. He takes the time to understand the context and nuances of a matter, which leads to more thoughtful and tailored advice. His combination of reliability, flexibility, and attentiveness makes him a valuable contributor.”
“Zixiang understands our needs very well and provides us with top-notch service whenever we partner with him for funds review work. He is commercially minded and an honest broker, helping us negotiate and bridge gaps to address issues/concerns in a friendly and cordial manner.”
“Cheryl is very responsive and reliable, and very pleasant to work with. She always responds promptly and consistently provides highly practical solutions. She is a highly trusted and valued advisor of the bank.”
“Responsive, dedicated, professional and knowledgeable.”
“Excellent lawyer with great client-servicing skills, technically sound and prompt in her responses as well.”
Shook Lin & Bok
Independent law firm Shook Lin & Bok in Singapore has a well-diversified practice across the financial and corporate space. The firm maintains offices in Singapore and Kuala Lumpur and has also established China and India desks.
The firm performs consistently well in banking and finance, M&A, restructuring, capital markets and investment funds practices. Sectors of focus include banking and financial services, energy, pharmaceuticals and healthcare, transportation, technology and telecommunication, oil and gas, and real estate.
Recent examples of the firm’s deal work include advising Maybank in a landmark transaction that established Southeast Asia's first Islamic sustainability-linked revolving credit facility in the shipping sector. This pioneering deal combines Shariah-compliant financing with sustainability performance targets, creating a new benchmark for sustainable finance in the region's maritime industry.
Other highlights include advising a syndicate of lenders in their provision of syndicated back-leverage facilities to a private credit lender, a structurally unique transaction in the Singapore market. The facility's innovative structure featured a dual borrowing base mechanism, where the commitment amounts dynamically varied based on two distinct variables, secured by the mortgaged assets of the private credit lender's underlying borrowers.
United Overseas Bank, EvolutionX, Dymon Asia Private Equity, NauticAWT, Ever Glory United Holdings, and Prime Partners Corporate Finance.
“Deep legal expertise coupled with an effective case strategy.”
“Committed, responsive and knowledgeable.”
“Provide up to date market advice, provide risk advisory to safeguard our interest, prompt response, able to connect with other legal firm in this region.”
“The firm stands out for its expertise in the retail funds industry in Singapore. The team has a deep understanding of our business and is extremely client-centric in its services.”
“The team I worked with was very responsive, professional and able to consider every aspect of the transaction and its implications while providing practical and sound advice.”
“They are my main go-to firm for this type of work and their partners on my matters are highly responsive and proactive with good insurance sector knowledge.”
“Responsive and practical to the point.”
Restructuring and insolvency
“Sensible resourcing decisions were made to balance risk and cost across the team and engagement with the legal and business teams were timely and concise.”
“We valued the team's deep insolvency expertise and their practical, commercially focused advice. They were consistently responsive and pragmatic, skilfully balancing legal risks with business realities. Their proactive approach in identifying potential issues and devising strategic solutions was particularly impressive. We also benefited from their strong familiarity with Singapore's courts and regulators, which helped us navigate complex procedures with confidence.”
“Very hardworking, responsive and to the point to what we want.”
“Explains complex legal matters and case strategy in simple terms for non-lawyers.”
“Very proactive with good insurance sector and technology sector knowledge and experience.”
“Knows her way around transactions.”
“Very client-centric, practical and commercial advice. Very responsive.”
“He is a relatively young partner. He is always accessible and responsive and across the matter.”
“Strong market knowledge and insights, willingness to engage clients, provide strong justifications.”
“Committed, responsive and knowledgeable.”
“Keen understanding of complex and unique deal structures and client objectives. Provides comprehensive advice and guidance to client to ensure that the transaction closes successfully.”
“Demonstrated exceptional legal knowledge of Singapore's financial and insolvency framework, consistently providing technically sound and well-reasoned advice. He excels at strategic problem-solving by anticipating challenges and proactively offering practical solutions, particularly in complex situations. Furthermore, His client-focused approach ensures clear communication.”
TSMP Law Corporation
Founded in 1998, TSMP Law Corporation is a boutique law firm that provides diversified financial and corporate practices. The firm is led by joint managing partners Thio Shen Yi and Stefanie Yuen Thio.
In banking, the firm specialises in acquisition and project financing in the real estate sector. On the M&A side, the firm is known for quality work in public company takeovers and REIT mergers and is active in sectors such as media, real estate, hospitality, and technology and telecommunication. The restructuring team is experienced in acting for creditors, debtors and insolvency professionals.
Recent examples of the firm’s deal work include advising Asian Development Bank's Credit Guarantee and Investment Facility (CGIF) on a landmark sustainability-linked bond (SLB) for Sabana Industrial REIT. This pioneering transaction represented multiple firsts: CGIF's inaugural SLB guarantee, the first under ASEAN sustainable standards, and only the second ASEAN SLB issued.
Other highlights include advising DNB Markets and Pareto Securities AS on Yinson Production's US$600 million senior secured bond issue. The transaction required extensive negotiations with Euronext Securities Oslo regarding novel registration requirements for a Singapore issuer in Norway's central securities depository. This landmark deal represents one of the largest Nordic bond issuances by an Asian company.
Yinson Production Financial Services, YTL Cement, No Signboard Holdings, mm2 Asia, TSA Group, General Atlantic, Parkway Life REIT, Forvis Mazars, Quantuma, and Grant Thornton.
“Delivering on-the-point legal advice, on time and on cost. June Ho and her team are very client-focused and a pleasure to work with.”
“Senior team, partner and senior associate were very involved, excellent communication.”
“TSMP provides efficient quick solutions to our daily legal documentation team in a cost-efficient manner.”
“The team delivers consistently high-quality service, demonstrating deep expertise with a proactive and detail-oriented approach.”
“The firm is responsive and very commercial in their approach when rendering advice.”
Financial services regulatory
“Their advice is both legally rigorous and commercially practical.”
Investment funds
“TSMP provides prompt, reliable and useful advice. They are able to provide excellent service even under tight timelines.”
“They were patient and clear about the process and stood by us in the negotiations with the private equity.”
“Value for money, responsiveness, commercial acumen.”
Restructuring and Insolvency
“They provide proactive counsel that effectively balances legal requirements with commercial objectives.”
“She is down to earth and able to provide quick direct legal solutions to most of our issues.”
“Responsive, knowledgeable and a great communicator.”
“Excellent communicator, prompt. Gives clear legal advice that is also commercial and helps the client to focus on the key issues. A pleasure to work with.”
“Very responsive, highly knowledgeable and experienced with complex financing structures and with good industry expertise. Delivers excellent legal advice on time and on budget and she and her team are also very pleasant to work with.”
“She was very responsive and turned around the required documents timely.”
“Detail oriented, on the ball, knowledgeable and commercial.”
“Value for money, responsive and commercial.”
“Excellent advocate, one of the top senior counsels in Singapore. Strategic and commercial.”
“His advocacy skills are second to none, but most importantly, he shows genuine care and always makes himself available to his clients.”
Withers KhattarWong
Full-service law firm Withers KhattarWong is the product of a 2015 formal law alliance between Withers and KhattarWong. The firm boasts an international presence through its affiliation with Withers worldwide.
The firm is best recognised for restructuring and insolvency work. It acts for a wide spectrum of creditors, debtors and third parties in restructuring or distressed transactions.
The banking team was active for a mix of lenders and borrowers on domestic and cross-border financing and lending work. The corporate team was busy with both buy-side and sell- side roles in industries including technology and telecommunications and alcoholic beverage. The firm was also active in fundraising rounds and the establishment of standalone variable capital company (VCC). In restructuring and insolvency, the firm took on a host of roles for debtors, creditors and liquidators.
Orion Credit, CIMB, Artotel International, Crusade Partners SEA, JustPerform, Altara Ventures, DBS, Incubate Fund Management, West Basin Capital Management, and Jinhui Shipping and Transportation.
“The team is very thorough when it comes to ensuring that we have the most comprehensive yet commercially viable/reasonable protections. They were able to navigate the challenges posed by the borrower to make the deal feasible.”
Restructuring and Insolvency
“Technically sound and strong team.”
“Withers is a reputable firm with global offices which enable them to assist on cross-border matters.”
"Ability to secure the best protections. Commercially minded."
“Sound advice, technically strong and quick turnaround.”
"He provided commercially sound solutions and legal advice that was easily understood."
Wong Tan & Molly Lim
Founded in 1986, Wong Tan & Molly
Lim has built a strong reputation across multiple practice areas since its establishment by partners who previously practised at Singapore's first Magic Circle firm. The firm reached a significant milestone in 2017 by forming a formal law alliance with Watson Farley & Williams, operating as WFW & WTL.
Among its notable practitioners, Molly Lim was appointed in 1998 as one of Singapore's first three female senior counsel. The firm is currently led by joint managing directors Ong Beng Hong and Philip Ling.
WongPartnership
Founded in 1992 and led by Ng Wai King,
WongPartnership is one of the clear market leaders in the Singapore legal market and one of Singapore’s “big four" firms. The firm extends its presence throughout the region with the WPG network.
Highlights
The firm notably acted to the sponsors and the investment manager for the formation of Primus Partners Trust, which is backed by
Hillhouse Capital and JINGDONG Property, which acquired a Singapore logistics portfolio from ESR-Logos REIT. The firm also acted for the formation of 5 sub-trusts that are wholly held by Primus Partners Trust for the purpose of making the acquisition of the portfolio. This acquisition was Singapore’s largest industrial deal of 2023.
A standout mandate saw the firm acted for a syndicate of lenders in the restructuring and refinancing of the facilities granted to
Senoko Energy. This was one of the largest syndicated refinancing deals in Singapore’s history.
Another eye-catching mandate saw the firm act for the judicial managers (JMs) of
Xihe Holdings (Xihe), a vessel owning conglomerate in the tanker industry. Following massive fraud allegations against the former management of Xihe and the collapse of Xihe, a multitude of admiralty claims were filed against Xihe's vessels. The judicial management of Xihe is one of the largest in Singapore's history.
Testimonials
"Accurate, quality, prompt, professional and detailed delivery. Very knowledgeable team. Committed team and able to negotiate well on behalf of clients to achieve optimal results with counterparty. Smooth execution." (Banking and finance finance)
"Counsels from Wong Partnership have strong legal knowledge with a good balance of commercial sense. Its turnaround is quick, and it always guards the client interest keenly." (Banking and finance finance)
"Good follow-up, has good loyal team to support the partner. partner is involved and proactive in ensuring our interest is taken care of."
"Professional, technically competent, responsive." (Banking and finance finance)
"Prompt, competent and professional." (Banking and finance finance)
"Speed, expertise and negotiation." (Banking and finance finance)
"WP stood out for its efficiency and dedication and particularly in supporting the client despite tight deadlines time and again. Their support has enabled the client to close the transaction within often demanding timelines." (Banking and finance finance)
"The DCM team at Wong P stand out for providing commercially focused solutions in a time bound/critical setting. They are always on hand to provide counsel and appear tireless in their role as business partners to our organisation. In particular, Trevor Chuan is responsive, and solutions based in his service delivery; a safe pair of hands. Ng Wai King is always on hand to provide strategic advice, particularly in relation to regulatory affairs." (Debt capital market client)
"Depth of knowledge and accessibility." (Equity capital market client)
"Friendly team; responsive to client's needs; plugged in to regulators' expectations." (Equity capital market client)
"Honesty, quality of advice and depth of professionalism." (Equity capital market client)
"They are full-service, outstanding and experienced in terms of advice in Singapore as well as in the regional legal space and well-versed in dealing with the local authorities and regulators as well as overseas. They are also easily contactable, pro-active and provide handholding to clients." (Equity capital market client)
"The team is well versed in recent developments and market practice relating to Singapore capital markets. The team is responsive and provides practical advice." (Equity capital market client)
"Very approachable lawyers, meticulous follow-up on the deal and post deal documentation." (Equity capital market client)
"Very professional, responsible and knowledgeable." (Equity capital market client)
"Willing to take a stand and offer practical advice." (Equity capital market client)
"Provides thorough yet digestible advice to clients. Their availability is very key to the frequent discussions we have had. Also, in managing the various advisers and stakeholders often time." (M&A client)
"Solid legal expertise, speed of turnover, quality of advice and client service." (M&A client)
"The M&A team headed by Chan Sing Yee delivers detailed, prompt and practical work and advice.
When faced with issues that require input across Wong Partnership, advice is rendered in a seamless way to clients." (M&A client)
"They offer a holistic approach in assembling a team comprising lawyers from different practice groups and could turn around the work timely and effectively." (M&A client)
"They were efficient both in terms of cost and time." (M&A client)
"WP offered a very efficient service and always dug each point. Lawyers were very available, and the closing was smooth." (M&A client)
"WongPartnership has always been very responsive and commercial in their approach, and always takes the extra effort to understand clients' needs and requirements, while leaving no stone unturned." (M&A client)
"WongPartnership provides comprehensive advice that touches not just on the legal points, but also sound commercial and strategic advice. They stand out for being able to get in touch with key stakeholders and get the deal done." (M&A client)
"Flexible in fees." (Project development client)
"They have a team of highly skilled and experienced lawyers who specialize in various fields. This allows them to provide expert advice and representation in a wide range of legal matters." (Restructuring and insolvency client)
"Speed, accuracy and cost." (Restructuring and insolvency client)
Key clients
Oversea-Chinese Banking, DBS, United Overseas Bank, Citigroup Global Markets Singapore, Tower Capital, TPG Capital, L Catterton, Lendlease Investment Management, Frasers Centrepoint Asset Management, Keppel, Temasek, KKR Singapore, Sembcorp Cogen, Land Transport Authority, Changi Airport, ST Telemedia Global Data Centres
Yuen Law
Established in 2012, Yuen Law is a full-service Singapore boutique law firm led by Managing Director Samuel Yuen. The firm's team includes notable practitioners such as Kevin Chua, a former regulator with the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA).
The firm specialises in mergers and acquisitions, private equity, securities transactions, corporate restructuring and regulatory matters.
Highlights
During the research period, the firm maintained a strong transactional presence across three core practice areas. The M&A team actively represented both buyers and sellers in numerous acquisitions, while the investment funds team focused on establishing new private capital vehicles for asset managers. The financial services regulatory practice provided essential guidance to navigating Singapore's evolving compliance requirements.
Key clients
IWC Management, Credika, RizqX, AlphaGen Venture Capital, AlphaGen Venture Capital, DP Healthverse, Cedar Broadcast & Communications
Testimonials
Banking and finance
“Yuen Law’s team demonstrates a strong grasp of both local regulatory nuances and broader cross-border considerations, which has been particularly valuable for our complex, multi-jurisdictional matters. Their ability to blend technical legal insight with commercially sound advice, always considering the real-world impact on our business. The firm’s commitment to clear communication and timely execution has helped us navigate tight timelines with confidence. The firm stands out for their professionalism, collaborative spirit, and ability to deliver consistently high-quality results.”
Financial services regulatory
‘Reasonable charges, efficient work, easy to communicate with.”
“Responsive.”
“They were professional and emphatic.”
“Very cooperative, helpful and insightful. always ready to help us improve our submission.”
Investment funds
‘They understand the needs of an SME in the venture capital journey.”
M&A
“With little to no comparison with other law firms, Yuen Law has met our expectations in terms of advice and timeliness.”
Amos Cai
“Advocates for clients in litigation and court proceedings.”
Kevin Chua
“An excellent team leader.”
“He is consistently readily available to discuss and support our work. I have engaged his services for a number of years and highly value his partnership.”
“Kelvin is an expert in fintech and regulation.”
Valerie Ho
“She is quick with responses and advises well.”
Jing Jie Loh
“Very helpful.”
Samuel Yuen
“He understands the needs of an SME and is able to give tailored and effective advice.”
“Highly approachable and proactive, often anticipating potential issues and proposing solutions early. Very responsive and client oriented.”
A&O Shearman - Singapore
Shearman & Sterling
The New York-headquartered international law firm Shearman & Sterling was founded in 1873 and has a global presence with over 850 lawyers spread across 24 offices. The firm has presence across southeast Asia include Singapore, Indonesia, Malaysia, Vietnam, the Philippines and Thailand.
Focusses / specialisms
The firm provides strong project finance advice and has strong offerings in project development, banking, capital markets, corporate and M&A and restructuring and insolvency.
The capital markets team has a wealth of experience in IPOs, particularly in relation to India, Indonesia and Thailand. The firm also has experience advising international banks and financial institutions in their roles as initial purchasers, arrangers, dealers and solicitation agents on matters including bonds and notes issues.
In the corporate and M&A space, the firm boasts one of the few pure private equity specialist teams in Singapore. The firm also focuses on insurance M&A and bancassurance matters.
The firm provides high-quality advice in both project finance and development matters. It is particularly known for working on high profile project financing transactions across the region. Key sectors of focus include infrastructure, oil and gas, power, renewable energy, utilities and petrochemicals.
Key clients
Key clients of the firm include International Finance Corporation, Alvogen Emerging Markets, Masdar, Citicorp International, Greenko Energy, HSBC, JPMorgan, Morgan Stanley, CPPIB, JERA and China Telecom Corporation.
AEI Legal
AEI Legal
Boutique law firm AEI Legal was founded in 2018 and is led by managing director Andrea Chee.
Focusses / specialisms
The firm is recognised for its corporate and M&A work. It is also active in venture capital and private equity area.
Sectors of focus include consumer products, technology, real estate and food and beverages.
Key clients
Key clients of the firm include Supreme, Kakao, LRQA and GoTo.
Client Feedback: 32nd edition (2022/2023)
M&A
“AEI Legal has deep sector experience and is able to balance well between commercial and legal risks. For M&A transactions this is critical.”
Ashurst ADTLaw
Ashurst
International law firm Ashurst’s Singapore office serves as a hub for the firm’s regional practice. The firm also has a formal law alliance with boutique Singapore firm ADTLaw.
Focusses / specialisms
The firm is known for its high-quality banking and finance and projects work and also boasts strong corporate, capital markets and restructuring and insolvency offerings.
The banking team is experienced in acting for clients such as arrangers, lenders, financiers and borrowers on matters including acquisition financing, project financing and refinancing.
The M&A team is active on matters across the region and has a record of acting on high profile deals.
In projects, the firm is particularly strong advising on the financing and development of power projects.
On the restructuring front, the firm advises lenders, debtors, potential purchasers and insolvency officeholders across a variety of sectors.
Key clients
Key clients of the firm include Australian and New Zealand Banking Group, Credit Suisse, Deutsche Bank, HSBC, DBS, Citibank, Sumitomo Mitsui Banking Corporation, BGC Partners, AC Energy, Marubeni, Keppel Renewable Energy and Macquarie Capital.
Client Feedback: 32nd edition (2022/2023)
Banking
“The banking team in Singapore -led by Jean Woo - is responsive and commercial. We used Ashurst for some of our Indonesian projects and they were responsive and practical in their advice.”
Asia Practice
Asia Practice is a Singapore headquartered law firm active in the financial and corporate space and related regulatory matters. Key figures at the firm include directors Jonathan Tan and Leon Low.
Focusses / specialisms
The firm is recognized for its banking and finance and corporate and M&A offerings.
The banking team is experienced with clients including lenders, arrangers, and borrowers on an array of transactions such as asset finance, acquisition financing, debt restructuring, syndicated financing and refinancing.
The corporate team has experience in a range of sectors including technology, real estate, agriculture, social infrastructure and manufacturing.
The firm also has expertise in the fintech and regulatory area.
Key clients
Key clients of the firm include Dynacyte Biosciences, Aufhaven, Tier One Entertainment, Dot Dot Fire International Singapore Finance Company, Precious Metals Trading Group, Sea Easy Capital and Validus Capital.
Client Feedback: 32nd edition (2022/2023)
M&A
“Fast, professional, competent in Singapore law.”
Restructuring
“Put client's interest first - help us understand all the pros and cons and how to relate these factors to our context. Willing and able to communicate difficult messages that are crucial for us to fully admit the reality for rational decision making. Always responsive in the process of deliverable development.”
Atlas Asia Law Corporation
Atlas Asia Law Corporation
Active since 2018, boutique law firm Atlas Asia Law Corporation focuses on corporate and commercial matters and has an association with EY. The firm has a team of five directors and is led by founder and managing director Evelyn Ang.
Focusses / specialisms
The firm is recognized for its work in the corporate and M&A area. It is also active in the private equity and venture capital market.
Sectors of activities include fintech, logistics, real estate, agriculture, food and beverage, insurance, education and healthcare.
Bird & Bird ATMD
Bird & Bird Singapore was formed in 2009 when international law firm Bird & Bird entered into a global association with Singapore firm Alban Tay Mahtani & de Silva. Access to Bird & Bird’s pan-Asia network provides the firm with an edge in handling cross-border transactions. Key figures at the firm include joint managing partner Sandra Seah.
Focusses / specialisms
The firm is recognized for its work in M&A, banking and finance, debt and equity capital markets and project development practices.
The banking team has notable expertise advising on regulatory compliance and fintech matters.
The corporate team has experience advising clients on inbound and outbound investments in an array of sectors including technology and telecommunications, energy, aviation, automotive, healthcare, banking and financial services, media and retail. The client portfolio features multinationals, financial institutions, public and private companies, private equity firms and government-linked entities.
In the projects space, the firm boasts a specialist practice for energy management and energy efficiency projects.
Key clients
Key clients of the firm include Viu International, Shanghai Turbo Enterprises, iX Biopharma, United Overseas Bank, LS 2 Holdings, KludeIn I Acquisition, Ingram Micro, Altair ASEAN Fund, The Building and Construction Authority.
Client Feedback: 32nd edition (2022/2023)
Project development
“They provided great legal insights on various clauses as well as the impact on the organization and proactively suggested alternatives that can be acceptable to both parties while minimizing risk for the organization. The turnaround time for the work was quick and ahead of expectations.”
Private equity
“Great communication skills and providing accurate information.”
BlackOak*
* Effective 31 July 2025, BlackOak has ceased to provide legal services and the entire team joined Bird & Bird ATMD as of 1 August 2025 *
BlackOak
Founded in 2016, BlackOak is a well-known boutique focusing on restructuring and insolvency. The firm has expanded its presence across the region by partnering with firms such as AZB & Partners in India.
Focusses / specialisms
The firm is strongest in its restructuring and insolvency practices. It represents a gamut of stakeholders, including insolvency professionals, debtors, creditors, funds and white knights across a range of sectors.
Key clients
Key clients of the firm include AJCapital Advisory, Bank of Nova Scotia, Bank of China (Hong Kong), Ernst and Young Solution, Fujita Corporation Singapore, Sky Smart Ventures and TransAsia Private Capital.
Client Feedback: 32nd edition (2022/2023)
Restructuring
“They are giants in the restructuring and insolvency space. Combines cutting-edge legal knowledge with commercial acumen.”
Insolvency
“They are well known amongst the Singapore practitioners and consistent in their submissions.”
BTPLaw
Established in 2020, BTPLaw is a boutique corporate law firm in Singapore and one of the few that has an active BVI practice. The firm is spearheaded by next generation partners who have had years of experience in large domestic law firms and Magic Circle law firms. Key figures include managing director Brandon Tee and director Lynn Ariele Soh. The firm specialises in the formation of VCC and investment funds, financial services regulations and cryptocurrency advisory.
Recent examples of the firm’s deal work include advising V8 Environmental in its joint venture with Sobono Bioenergy to form RExus Bioenergy, which is developing Singapore's first circular biomass power plant. This landmark project is not only a significant milestone in reinforcing the nation's push toward renewable energy but also represents the first biomass project in Singapore to be financed under a project finance structure.
Shiok Meats, Ossia International, Aura Group Singapore, Innovate360, Haulio, Shenwan Hongyuan Singapore, Hashkey Capital Singapore, ICM Global Funds, InCred Global Wealth, and Pilgrim Partners Asia.
“BTPLaw is very responsive and provides accurate, practical, commercially viable advice.”
“I especially like the turnaround time for BTPLaw when drafting documents. The domain of expertise in the area of fund management makes communication easy. Their fees are competitive, and the service provided is of a high quality. They respond even during non-work hours or day.”
“Knowledgeable, prompt response, and strategic advice.”
“Brandon is very knowledgeable with legal advisory for hedge funds, particularly the Singapore Variable Capital Company structure. He provides accurate and commercially viable advice with very short turnaround times.”
“He is intelligent, responsive, and able to meet tight timelines.”
“With a depth of knowledge, Brandon offer advice on important issues which my company might not have considered. He is able to discharge his work efficiently and is also a very good communicator.”
Clifford Chance
Clifford Chance is an international law firm with offices across the Americas, Asia Pacific, Europe, the Middle East and Africa. The firm’s Singapore office houses 120 lawyers and opened in 1981. The office serves as a base for operations across the region and is helmed by managing partner Kai Schneider.
Focusses / specialisms
The firm ranks among the market leaders in banking, M&A, debt equity market, restructuring and project finance. It is also active in the equity capital markets and project development space.
The firm’s 2012 Formal Law Alliance with Cavenagh Law allows it to provide both Singapore and international law services.
In banking and finance, the firm boasts one of the largest cross-border finance practices based in Singapore. Its diverse client base includes commercial and investment banks, funds and public and private corporations and international bodies.
The firm has extensive expertise in the financial services regulatory practice,advising on regulatory issues affecting all parts of the financial sector.
The capital markets team notably has experience advising on landmark capital markets transactions in India.
The firm houses the largest dedicated M&A team among international law firms in Singapore and focuses on corporate and M&A matters across Southeast Asia. The team has experience acting for corporates, banks, private equity houses, sovereign wealth funds and real estate and infrastructure funds.
The restructuring team focuses on sectors such as oil and gas, telecommunications, construction, transport, maritime and shipping. The team has expertise representing stakeholders such as creditors, lenders, coordinating committees, private equity sponsors, insolvency practitioners and debtors.
Key clients
Key clients of the firm include Credit Suisse, DBS, Deutsche Bank, HSBC, Digital Realty, Cimory Group, PT Avia Avian, HDFC Bank, ING, Kellogg, Philip Morris, PSA, Keppel, KrisEnergy, Blackstone, CVC Capital Partners and CDPQ.
Client Feedback: 32nd edition (2022/2023)
Banking and finance
“Very capable - technically and commercially. Proactive and great response times. A pleasure to work with.”
M&A
“Very responsive and excellent quality of work. A very long drawn-out transaction and wouldn't have concluded satisfactorily without CC's support.”
CNPLaw
CNPLaw
Full-service law firm CNPLaw, previously known as Colin Ng & Partners, was formed in 1988. The firm houses more than 40 lawyers and is a member of Interlaw, IR Global and SCG Legal.
Focusses / specialisms
The firm is recognized for its work in the debt and equity capital market, banking and finance, investment funds, M&A and project development space. The firm also actively advises clients in the restructuring and insolvency area.
The banking team advises banks, financial institutions, investment funds as well as corporate borrowers across the full range of domestic and cross-border banking and finance transactions.
The firm’s well-established capital markets practice advises on both debt and equity offerings.
The corporate and M&A team advises on matters across the ASEAN region and has experience advising Chinese clients. Sectors of focus include manufacturing, financial services, healthcare, logistics, retail and technology.
Key clients
Key clients of the firm include Tupy Overseas, Minerva Luxembourg, Natura Cosméticos, Compañía de Minas Buenaventura, International Press Softcom, Amicorp Asset Management and Hera Capital.
Client Feedback: 32nd edition (2022/2023)
Private equity
“Commercially savvy and always finds legal solutions to business problems. Attention to detail and quick turnaround. Excellent team led by Mr. Amit Dhume.”
Investment funds
“They are very competent and highly responsive. They provide sound and relevant advice in a timely manner. They provide examples of precedents from their experience.”
Damodara Ong
Damodara Ong provides strategic advice and legal services in dispute resolution and litigation matters, as well as for a broad range of corporate and commercial transactions.
Focusses / specialisms
In corporate matters, the firm has experience in advisory and compliance for listed and non-listed entities, charities, institutions of public character and NGOs, corporate support services, cross-border transactions, distribution and supply, agency and franchising, infrastructure and project financing, mergers and acquisitions, private equity, fund-raising and debt financing staffing and manpower.
The firm provide strategic advice and legal services for a broad range of corporate and commercial transactions, to clients at every level from individuals and SMEs to local and global companies.
DWF
DWF’s Singapore office is recognised for its corporate and M&A work and is led by managing partner Ben Constance.
Focusses / specialisms
Sectors of focus include insurance, financial services, real estate, technology and telecommunications.
Key clients
Recent clients include Entoria Energy, HCL Infosystems, Gojo & Company, Toko Alpha and Korea Investment Partners.
Research period review: 30th edition (2019/2020)
During the research period, the firm was active on several cross border transactions for clients, including acquirers, investees, and sellers. An example saw the firm advise HCL Infosystems on the divestment of HCL Insys to PCCW.
The firm added Joel Shen from Stephenson Harwood as a partner to its corporate team.
Deal highlights: 30th edition (2019/2020)
Binance Capital Management $20 million acquisition of a controlling interest in Toko Alpha
Entoria Energy acquisition of Red Dot Renergy
Gojo & Company investment in Loan Frame Technologies
Korea Investment Partners investment in Pouring Pounds
PCCW acquisition of HCL Insys
Client feedback: 30th edition (2019/2020)
Private equity
“Responsive, knowledgeable and competent.”
Freshfields
The first international law firm to operate in Singapore, London headquartered law firm
Freshfields Bruckhaus Deringer has been active in the Southeast Asia region since 1980. Key figures in the firm’s Singapore office include partner Don Stokes.
Focusses / specialisms
Freshfields in Singapore has a strong corporate and M&A offering and has well-established banking and finance, capital markets and project development offerings.
The projects team advises clients such as multilaterals on matters across the region in jurisdictions such as Cambodia, Myanmar, the Philippines, and Vietnam.
Key clients
Recent clients include Blu Stone Management, M1 Group, Asian Infrastructure Investment Bank, Udenna Corporation, Asian Development Bank, Sembcorp Utilities, and EGAT International.
FSLAW
FSLAW
Established in 2013, FSLAW is a boutique firm based in Singapore providing corporate & commercial law solutions for clients in the Asia Pacific region. The firm holds membership of the Dentons NextLaw network and also has an association with FS Law in Australia.
Focusses / specialisms
The firm is noted for its debt and equity capital markets, corporate and M&A and restructuring and insolvency work.
Sectors of activity include insurance, technology, biotech, pharmaceutical, mining and natural resources.
Key clients
Key clients of the firm include Lightspeed India Partners III, Darrow Holdings and Cambridge Capital.
Gibson Dunn & Crutcher
Gibson Dunn & Crutcher
US firm Gibson Dunn & Crutcher’s Singapore office was established in 2008 and is led by partner Jai Pathak. The firm's Singapore office works in tandem with its Beijing and Hong Kong offices to provide clients with a comprehensive service.
Focusses / specialisms
The office is best known for its high-quality project development and restructuring and insolvency work but also has strong offerings in M&A and project finance.
The firm also actively advises clients in the banking area, the team advises both borrowers and lenders on cross-border deals in Singapore and throughout the region in jurisdictions such as Indonesia, Malaysia, India and Laos. The banking team has particular expertise in energy, infrastructure and oil and gas and is strong in project financing.
The corporate team’s experience covers matters including mergers, acquisitions, joint ventures and private equity investments.
In restructuring the firm’s experience includes advising both debtors and creditors and it is known for its work in the energy and infrastructure sectors.
Key clients
Key clients of the firm include MedcoEnergi, JBIC, Mizuho, Sumitomo, Deutsche Bank, Alternative Capital Providers, PAG Absolute Returns, Duniatex Group, Chevron, Platinum Equity, Jadestone Energy, MedcoEnergi and PT Indika Energy.
Harry Elias Partnership
Harry Elias Partnership
Founded in 1988, Harry Elias Partnership is a full-service Singaporean law firm active in the financial and corporate space. In 2020, the firm ended its three-year merger with multinational law firm Eversheds Sutherland. The firm also has an associated firm HEP Law in Brunei Darussalam.
Hogan Lovells Lee & Lee
Hogan Lovells Lee & Lee is the product of a joint venture between Hogan Lovells and Singaporean law firm Lee & Lee.
Focusses / specialisms
The firm boasts a well-diversified practice across the financial and corporate space.
The firm is particularly strong in the aviation industry and acts for banks, financial institutions, domestic and international airlines, aircraft leasing and finance companies, aviation service and maintenance companies, and aircraft manufacturers.
The banking team has experience advising clients on matters related to pre-delivery payment financings, export credit supported financings, and securitisations.
In capital markets, the firm is well known for representing issuers and arranging banks on establishing and operating EMTN programmes. The firm is also focussed on the distressed bond markets in India, Indonesia and China.
Key clients
Notable clients include BNP Paribas, HSBC, Australia and New Zealand Banking Group, RHB Bank, Citigroup Global Markets and Morgan Stanley.
Research period review: 30th edition (2019/2020)
During the review period, the firm acted for arrangers, managers, issuers, and trustees on updating EMTN programmes and issuing bonds. One highlight saw the firm advise the trustee on the issue of bonds by Sri Lanka’s government.
Deal highlights: 30th edition (2019/2020)
The Government of the Democratic Socialist Republic of Sri Lanka $1 billion 6.85% bond issue
The Government of the Democratic Socialist Republic of Sri Lanka $1.4 billion 7.85% bond issue
Transurban Finance Company €600 million 1.45% bond issue
Vicinity Centres €2 billion EMTN programme
Vicinity Centres €500 million 1.125% bond issue
Insights Law
Established in 2015, ZICO Insights Law in Singapore is a member of the ZICO Law network and is helmed by managing director Lian Seng Yap.
Focusses / specialisms
The firm is ranked for its corporate and M&A and capital markets work.
It advises on a range of matters including IPOs, mergers, acquisitions, dual listings, secondary offerings, and restructurings. The firm often acts for Chinese investors who aim to invest in the ASEAN region.
Key clients
Recent clients include Dorr Global Healthcare International, Etika Holdings and AVIC International Maritime Holdings.
Client feedback: 31st edition (2020/2021)
Banking and finance
"i) Well versed in banking standards and law. ii) Flexible and responsive."
Financial services regulatory
"Zico executed competently and professionally and are timely with their reviews and follow-up."
Investment funds
"Timely reviews and comment, executed professionally in the area of work."
JT Legal
Founded in 2017,
JT Legal is a boutique corporate and corporate finance law firm led by managing director Joshua Tan and specialises in M&A, reverse takeovers, IPOs, sale and purchase of company and company assets, joint-ventures, convertible note and bond issues, security arrangements, major asset acquisitions and disposals, employee share option plans and contractual matters.
The firm is recognized for its M&A and investment funds work.
Key clients of the firm include REVIVO BioSystems.
Research period review:
32nd edition
(2021/2022)
During the research cycle, the firm was active in the M&A and investment funds area and advised mandates relating to financial investments and fund formation for local and foreign clients. Sectors of activity include agriculture, pharmaceuticals, and life sciences.
Client Feedback:
32nd edition (2021/2022)
"Prompt response, good insights and flexibility in negotiation. Good client relationship and goodwill."
"Very knowledgeable and experienced. Friendly and positive, maintains good client relationships."
JurisAsia
JurisAsia
The boutique law firm JurisAsia focuses on corporate and M&A matters. Key figures at the firm include partner Tan Choon Leng. The firm has an association with international law firm Gowling WLG.
Focusses / specialisms
The firm is recognized for its corporate and M&A work. The firm is also active in the banking and finance, projects and capital markets space.
Sectors of focus include financial regulatory services, construction and engineering, insurance, education, fintech, natural resources, infrastructure, healthcare and technology.
Key clients
Key clients of the firm include Geeq Corporation, Alpha Sky, SLR Consulting, WeAreHangry, Mysavytutor, Codemasters Group, Nippon Paint and NEOS Impact.
Client Feedback: 32nd edition (2022/2023)
M&A
“Prompt, professional legal counsel.”
K&L Gates Straits Law
K&L Gates Straits Law is the product of the 2019 combination of K&L Gates Singapore with Straits Law Practice.
The firm boasts a diverse financial and corporate offering and has the distinction of being one of the few international firms able to offer full-service legal capabilities on the ground in Singapore.
The integrated banking team is strong in asset finance and has experience in providing banking and transactional services to a variety of Indian parties in the Singapore and Indian markets.
The projects team has experience advising stakeholders, including port operators, power producers, project developers, SOEs and contractors.
Key clients include PT Pertamina, Taiwan Power Company, PT Antam Tbk,
Simmtech Holdings, Penske Australia, PT
Petromine Energy Trading and Serba Dinamik Indonesia.
King & Spalding
King & Spalding
International law firm King & Spalding boasts 23 offices spread across the globe in more than 160 countries, housing 1200 lawyers. The firm’s Singapore office serves as a hub for its regional practice and is led by managing partner Kelly Malone.
Focusses / specialisms
The firm is strongest in its high-quality project development work and has well-established offerings in project finance, banking and finance, corporate and M&A and restructuring and insolvency.
The banking team has significant expertise advising on a range of financing mandates, including structured lending and leveraged finance. The firm has also been growing its presence in the sustainable lending space.
On the corporate front, the firm is particularly known for its work in the energy sector.
The firm’s flagship projects practice is experienced in advising stakeholders throughout the project life cycle. Types of work include advising on LNG-to-power projects, renewable and conventional energy projects, regasification and refinery projects.
The firm’s restructuring team has experience advising on matters throughout Asia and acts for clients such as strategic investors, private equity investors, financial institutions and credit funds.
Key clients
Key clients of the firm include Apollo Management, Keppel Capital, Bumi Armada, Macquarie, Mitsui, Mitsubishi, JERA, Greenko Energy, Mubadala, Shell, PetroVietnam, Batavia Oil, Dialog and Summit LNG.
King & Wood Mallesons
King & Wood Mallesons is a global law firm headquartered in Australia. The firm opened its Singapore office in 2015 with lawyers qualified in English, Singapore, Hong Kong and New York law. Key figures include partners Jake Robson, Michael Lawson, Will McCosker and John Shum.
Focusses / specialisms
The firm’s Singapore team is recognized for its work in the banking, M&A and project development. The firm is also active in the investment funds area.
It takes on mandates throughout Asia and has expertise in sectors including real estate, hospitality, infrastructure, financial services, energy, natural resources, telecommunications and healthcare.
Key clients
Key clients of the firm include 8F Asset Management, HSBC, ANZ, NAB, Westpac Banking, Goldman Sachs Australia, Macquarie Asset Management and Real Assets, ARA Asset Management, MUFG Bank and GIC.
Client Feedback: 32nd edition (2022/2023)
M&A
“Prompt, responsive and clear advice. Good transaction management skills.”
Investment funds
“Very knowledgeable, professional, practical, great depth of experience and perspective. Very good understanding of our business and issues facing it.”
Latham & Watkins
Global law firm Latham & Watkins was founded in 1934 and established its Singapore office in 1997. It boasts more than 3000 lawyers spread across its global offices. The firm’s Asia practice is led by Michael Sturrock, who serves as Asia managing partner.
Focusses / specialisms
The firm is ranked among the market leaders for its capital markets, project finance, project development and corporate and M&A work.
The banking team is known for its project finance expertise and has experience representing banks, financial advisors, private equity firms, hedge funds, borrowers, sponsors, syndicates and government institutions.
The capital markets team advises on the full spectrum of debt and equity mandates, acting for clients such as issuers, underwriters, and initial purchasers. The firm is well known for advising on cross border IPOs, particularly in India, Singapore and the US.
The corporate team is widely recognised for its strength in advising on cross border mandates in jurisdictions including India, Indonesia, Malaysia, Singapore and Vietnam.
Key sectors of focus include energy, telecommunications, mining, manufacturing, oil and gas, and banking.
Key clients
Key recent clients include Asian Development Bank, Japan Bank for International Cooperation, Mizuho Bank, Tokyo Gas, Pertamina, San Miguel Corporation, Warburg Pincus, Fullerton Healthcare Corporation and Asset World Corp.
Research period review: 30th edition (2019/2020)
The banking team was recently active for both borrowers and lenders across several financing transactions. One noteworthy project financing deal saw the firm advise the sponsors on the financing of one of the largest upstream oil and gas projects to reach financial close in Indonesia in the past decade.
A recent capital markets highlight saw the firm advise the issuer on the largest ever corporate IPO in Thailand and the largest real estate company IPO in the world since 2014. The firm also advised the issuer on the second ever, and later on the third, co-issuance of notes by an Indian company. The firm also acted for the issuer on Thailand’s second-largest IPO by market capitalisation in 2019.
On the corporate side, the firm recently advised the acquirer in the largest M&A transaction to date in the Philippine cement industry. One high-value deal saw the firm advise HLT Healthcare on acquiring Columbia Asia Healthcare.
The firm recently added Mark Cooper as a partner from Hogan Lovells to its corporate team.
Deal highlights: 30th edition (2019/2020)
Asset World Corp SET IPO
Bangkok Commercial Asset Management SET IPO
Bojonegoro Regency gas processing facility and pipelines
Ctrip.com International $1.4 billion acquisition of a stake in MakeMyTrip
HLT Healthcare Holdings $1 billion acquisition of Columbia Asia Healthcare
Mong Duong 2 thermal power plant
San Miguel Corporation $2.15 billion acquisition of an 85.7% stake in Holcim Philippines
San Miguel Corporation $2.15 billion financing
Mayer Brown
International firm Mayer Brown's Singapore office serves as a hub for the firm's activities throughout the region, particularly for projects work in jurisdictions such as Pakistan, Myanmar and Vietnam.
The firm’s banking team boasts expertise in advising borrowers and lenders on different type of financing and has a special focus on inbound and outbound acquisition financing transactions in India. In the projects area, the firm is best known for its energy and oil and gas work in emerging jurisdictions such as Myanmar, Pakistan, Vietnam, Thailand and Indonesia.
Highlights
In a landmark mandate, the firm
advised the lenders – Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and Export Import Bank of Thailand (EXIM Thailand), on its financing to Energy Absolute Public Company for its investment into the production of electric buses in Thailand. This is one of the first large-scale financing initiatives for e-buses in Thailand and will make meaningful contributions to the country’s climate ambitions by diversifying the transportation mix in favour of e-buses and to Thailand’s policy to develop the EV industry.
Testimonials
"Practical, value for money." (Banking and finance client)
"Take on challenging legal issues in difficult circumstances and simplifying it into a commercially viable strategy and litigating it across jurisdictions." (Restructuring and insolvency client)
Key clients
HSBC, DBS, OCBC, Citibank, The Korea Development Bank (KDB), Asian Development Bank (ADB), JP Morgan, Marubeni, Sembcorp, Mitsubishi, Excelerate Energy, POSCO, Eramet, Sheares Healthcare, Antanium Resources
McDermott Will & Schulte
McDermott Will & Schulte is a global law firm with more than 20 offices and 1,400 lawyers across the world. The firm opened its Singapore office in 2021, key figures include Merrick White, Clarinda Tjia-Dharmadi, Ignatius Hwang and Alfred Chia.
Focusses / specialisms
The Singapore team has a strong track record advising on landmark Indonesian projects in power, oil and gas and infrastructure. It also has experience in providing legal services on PPP projects and actively advising clients in the renewable energy field in Singapore. The team also focused on M&A and capital markets.
Key clients
Key clients of the firm include Public Utilities Board of Singapore, Rotary Engineering, TransEra Energy, West Natuna Exploration, Athena Energy, Beijing Gas and Singapore Carbon Hydrogen.
Mishcon de Reya
London headquartered law firm
Mishcon de Reya’s Singapore office was established in 2020 and is led by managing partner Tahirah Ara.
Focusses / specialisms
The firm is recognized for its restructuring and insolvency team, which has experience in advising borrowers and issuers in debt restructuring mandates.
Key clients
Notable clients include Bumi Resources, Apexindo Pratama, and Bakrie Sumatera Plantations.
Client feedback: 31st edition (2020/2021)
Restructuring and insolvency
"Their knowledge on restructuring, fast response, guide our company for better understanding."
"The team provides the highest quality of legal service, not only because of their technical ability, pragmatic approach and insights, but particularly due to the level of attention they give to the clients and the matters they handle. They know how to handle difficult situations and provide solutions. They are reliable, efficient, and always ready for the clients."
Morrison & Foerster
International law firm Morrison & Foerster’s Singapore office serves as a hub for its regional practice and is helmed by managing partner Shirin Tang.
Focusses / specialisms
The firm is strongest in M&A and also advises on banking and finance and projects matters.
The banking team advises lenders and borrowers on matters including project financing, refinancing, real estate financing and acquisition financing.
In corporate and M&A, the firm focuses on sectors including technology and telecommunications, media, financial services, private equity and real estate. The firm has also been growing its presence in the investment funds space.
The projects team has particular expertise in the oil and gas and energy sectors.
Key clients
Key clients include Ascendent Capital Partners, EverStream Energy Capital Management, GLP, Princeton Digital Group, IndoSpace, FLOW Digital Infrastructure, GDS, Tokyo Gas, Sumitomo Corporation and First Solar.
Research period review:
33rd edition (2022/2023)
In banking, the firm was active in cross-border and domestic restructuring financings, acquisition financing and refinancing.
The M&A team was active in acquisitions and joint ventures across different sectors. It was also active in fund formations mandates.
The finance and projects partner Per Lindberg got promoted in 2023, while finance and projects partner Tessa Davis moved in-house.
The M&A team welcomed Steven Tran from Mayer Brown and Tabitha Saw from White & Case.
Deal highlights: 33rd edition (2022/2023)
GLP’s China Logistics Fund I (“GLP CLF I”) $5 billion sale of the portfolio.
IndoSpace Logistics Parks IV (ILP IV) formation.
The 293 MW DC utility-scale solar project.
Client feedback: 33rd edition (2022/2023)
Banking and finance
“Worked very closely with the Singapore banking and corporate team, they have consistently responded promptly with expert and pragmatic advice. They understand our business and our strategic vision, and their years of experience advising on many of our landmark transactions has resulted in invaluable insight, cohesive and actionable solutions, tailored to our business needs.”
M&A
“Enthusiastic, easy to communicate with, clear legal advice.”
“Very knowledgeable about local laws in a broader global context; highly communicative; detail-oriented; team is very positive and pleasant to work with as well, which is always a plus.”
Private equity
“Because we are a CVC of a global financial institution, we need a law firm with both corporate/venture capital and financial regulatory capabilities. MoFo has the exact set of capabilities we need at a price point that makes sense for us.”
“Outstanding firm, with top-class professionals.”
Lip Kian Ang
“Very commercial and user-friendly.”
“Very responsive, hard-working, professional and has the right mix of public company/private equity/VC experience with expertise in our key jurisdictions in Asia.”
Per Lindberg
“Positive, energetic, keen attention to detail.”
Jiang Liu
“Deep knowledge of BHCA control matters with extensive experience working with global financial institutions, including in Asia.”
Shirin Tang
“Very experienced and commercial.”
“Very responsive, very thoughtful, creative lawyer.”
Hong Cheong Wong
“Exceptional technical skills and a deeply commercially focused approach to lawyering.”
Morrison Foerster
International law firm Morrison & Foerster’s Singapore office serves as a hub for its regional practice and is helmed by managing partner Shirin Tang.
The firm is strongest in M&A and advises on banking and finance and projects matters. The banking team advises lenders and borrowers on matters including project financing, refinancing, real estate financing and acquisition financing. In M&A, the firm focuses on sectors including technology and telecommunications, media, financial services, private equity and real estate. The projects team has expertise in the oil, gas and energy sectors.
Highlights
Projects highlights include advising
IDB Invest in the project financing of a 6 MW (DC) and a 5 MW (DC) solar power generation projects located in the Bahamas. This will be the first solar plant in The Bahamas financed by IDB Invest and one of the first utility-scale renewable energy projects in the country.
Other projects highlight saw the firm advising U.S. International Development Finance Corporation (DFC)
on all aspects of its financing of a new 12-fibre pair subsea cable system. This project will be the largest subsea cable system ever built by a very substantial margin. It will also be the first direct cable connection between Singapore, Indonesia, and the United States.
Testimonials
"The banking team helmed by MOFO SG's Yemi Tepe is able to navigate all transactions with ease and proficiency. Make it easy for you to work with them as you trust them wholeheartedly." (Banking and finance client)
"Outstanding responsiveness with excellent legal capability." (M&A client)
"What I appreciate about Morrison & Foerster's services is their exceptional client focus and deep industry knowledge. Their expertise in M&A is outstanding, with a proven track record of successful outcomes. They anticipate and mitigate potential issues effectively, which sets them apart. Additionally, their collaborative and transparent communication fosters a strong relationship with clients, making us feel that they are our trusted partners." (M&A client)
"They are one of a few most experienced legal firms in Singapore and Japan, specifically for projects that we are working on. The team led by Mr. Per Lindberg in Singapore is always standing beside with us and assist us on not only contract negotiations and sometimes provide advice on commercial matters." (Project development client)
Key clients
Ascendent Capital Partners, GLP, Princeton Digital, IndoSpace, FLOW Digital Infrastructure, GDS, MUFG, MUFG Innovation Partners, ESR, Tokyo Gas, First Solar, EverStream Energy Capital Management, Chugoku Electric Power
Nishimura & Asahi
Nishimura & Asahi is a “big four” Japanese law firm with 530 lawyers across 14 offices including 10 overseas. Since the establishment of the office in Singapore in 2012, the firm has expanded its team of attorneys qualified in the Philippines, Malaysia, Indonesia and Japan, including secondees from Nishimura & Asahi Japan. The firm entered a formal law alliance with Singapore practice Bayfront Law in June 2020, which allows clients access to a full spectrum of comprehensive Singaporean, Japanese and international legal services.
Focusses / specialisms
The firm’s Singapore team is active in the corporate and M&A area. The team also actively advises clients in banking and finance and restructuring and insolvency matters.
Key clients
Key clients include Mitsui Chemicals, Oki Electric Industry, Mitsubishi UFJ Financial Group, TEPCO Renewable Power, Sumitomo Mitsui Banking Corporation, Kobelco Steel and Chudenko Corporation.
Research period review:
33rd edition (2022/2023)
During the research period, the M&A team was particularly active in acquisition mandates. The deals were across different sectors such as renewable energy and real estate.
Deal highlights: 33rd edition (2022/2023)
Oki Electric’s acquisition of the aviation equipment business of Japan’s Yokogawa Manufacturing Corporation.
SMBC’s acquisition of an additional 15.01% shareholding in Rizal Commercial Banking Corporation.
TEPCO Renewable Power’s acquisition of shares in Vietnam Power Development Joint Stock Company.
Nishimura & Asahi-Bayfront Law Alliance
Nishimura & Asahi-Bayfront Law Alliance is the product of a 2020 formal law alliance (FLA) between Nishimura & Asahi and Bayfront Law - this marks the first FLA between a Japanese and a Singaporean law firm.
Focusses / specialisms
The firm is recognised for its corporate and M&A practice.
The firm advises clients such as acquirers, sellers, and joint venture partners in sectors such as technology, fintech, transport, financial services, real estate, and construction.
Key clients
Clients include Secom, TIS, JR East Business Development SEA, ORIX Corporation, Mitsubishi UFJ Lease & Finance, and Toyota Tsusho Corporation.
Oon & Bazul
Founded in 2002, Oon & Bazul is known for its banking work. The firm extends its presence outside Singapore with an association with Malaysian law firm TS Oon & Partners. Key figures include Ting Chi Yen, who heads the banking practice and Meiyen Tan, who heads the restructuring and insolvency practice.
Focusses / specialisms
The firm is recognised for its work in restructuring and insolvency, banking and finance and M&A practices.
The banking team has strong relationships with several Indian banks and has expertise in ship finance. The firm also focuses on fintech work, especially in Korea and Japan.
The corporate team is experienced in sectors including food and beverage, technology, healthcare and pharmaceuticals.
Key clients
Key clients include Trail Mix Ventures Fund II, Kopi Kenangan, Sift Science, Grid Dynamics Holdings, Fishawack Health, EmergeVest, EV Cargo, Moderna, Telenav and Busy Bees.
Research period review:
33rd edition (2022/2023)
The banking team was active for a mix of lenders and borrowers on domestic and cross-border financings, trade finance and real estate finance.
In M&A, the firm was active in strategic deals on both the buy and sell side. The deals were mostly in the technology and telecommunication sectors.
In restructuring and insolvency, the firm recently acted for both debtor, administrator, liquidator and shareholder.
In staff changes, restructuring and insolvency partner Mei Yen Tan left the firm.
Deal highlights: 33rd edition (2022/2023)
Fishawack Health’s acquisition of PRMA Consulting.
Grid Dynamics Holdings’ acquisition of Tacit Knowledge.
Sift’s acquisition of Keyless.
Client feedback: 33rd edition (2022/2023)
Banking
“They are responsive, and their fees are reasonable.”
“The firm and the team are subject-matter experts in the area they are looking into, specifically banking disputes of all kinds. They are extremely thorough and very precise in their strategic input. The team is always available to assist us.”
“Very conscientious and efficient in digesting a large amount of information and documents. Highly intelligent at grasping even the most complex concepts.”
Insolvency
“Entrepreneurial in terms of considering how to deploy litigation funding products to advance their business objectives as a firm, as well as to assist their clients in terms of funding their disputes.”
“Excellent knowledge, responsiveness and top-drawer commercial advice. Keith Han leads a fantastic team working with his associate Angela Phoon.”
“Oon and Bazul has provided timely and accurate advice. Very good judgement.”
“Professional and good technical skill.”
“Quick, responsive, commercial.”
“Responsive.”
“They are very responsive, technically strong and attentive to clients' needs.”
M&A
“They are very knowledgeable in their areas of expertise and are able to give practical advice.”
Restructuring
“Keith Han is on the ball, attentive and practical.”
“They are knowledgeable and very responsive.”
Ammani Mathivanan
“Very good senior associate – diligent and responsive.”
Yi Wayn Ng
“Yi Wayn is a sound M&A and PE lawyer and takes the time to listen to her client's issues. She works closely with clients to deliver quality work.”
Ting Chi Yen
“Responsiveness and reasonable fees.”
Keith Han
“Excellent commercial acumen, quick on the uptake, easy to work with.”
“Excellent lawyer. Very efficient and good judgement.”
“Keith has excellent knowledge of insolvency issues with a particular focus on asset recovery and insolvency litigation. He gives good commercial advice and really knows his stuff.”
“Keith is a hungry young lawyer and a safe pair of hands in his area of expertise.”
“Keith is attentive, responsive and practical with his recommendations.”
“Keith is very responsive and provides practical and sound advice, which allows me to make internal decisions very quickly.”
“One of the most intelligent lawyers in Singapore and one of the best advocates in his generation. Future SC for sure.”
“Responsive and commercial.”
“Responsible and practical.”
“Responsive. Technically sound.”
Prakaash Silvam
“Clarity, thorough and in-depth understanding of the law. Ability to strategise to the best interest of the client.”
PD LEGAL
Established in 2017, PD Legal is active in the financial and corporate space. The firm has established an India desk to expand its presence in the region.
Focusses / specialisms
The firm is recognised for its corporate and M&A work.
Research period review: 31st edition (2020/2021)
The firm was recently active on matters including regulatory compliance, fund formation, corporate restructuring, and project financing.
The firm welcomed Mike Chiam as a partner from CNPLaw to its corporate and financial services practice.
PDLegal
PDLegal
is a full-service law firm based in Singapore. It is a member of IR Global, which is a multi-disciplinary professional services network that provides legal, accountancy, financial advice to companies and individuals around the world represented in 155+ jurisdictions, covering over 70 unique practice areas.
The firm is recognized for its investment fund practice and offers an extensive range of services to private equity, venture capital firms, and family offices.
Key clients of the firm include Meld Labs, IBG, Intent Capital Group, Prakal, The Kindly Ecosystem, ENJFI, JCube Capital Partners, PEY Capital, and Nex10 Labs.
Research period review:
32nd edition (2021/2022)
During the research cycle, the firm was active in advising on
transactions and regulatory matters
related to private equity and
venture capital funds. It is also worth mentioning that the firm was active in advising regulatory mandates for fintech, digital assets, and payment services.
The firm expanded its investment practice by hiring associates Amanda Goh and Kashib Shareef Ahmad. The firm also hired an independent contractor, Jennifer Eng to assist with matters involving China and the region.
Deal highlights:
32nd edition
(2021/2022)
Cardano
$42.8 million ISPO
ICOA
$185 million acquisition of IBG Finance
Providence Law Asia
Providence Law Asia
Founded in 2012, Providence Law Asia is a boutique practice focused on cross-border and domestic restructuring and insolvency matters. Managing director Abraham Vergis is a key figure at the firm.
Focusses / specialisms
The firm is recognized for its work in the restructuring and insolvency practice. It is experienced in advising stakeholders across a variety of sectors such as technology, financial services and real estate and regularly act for and advise insolvency professionals in their capacity as liquidators, judicial managers, financial advisors, restructuring officers, receivers and private trustees.
Key clients
Key clients of the firm include The Working Capitol Group, BlackRock, and insolvency professionals from Ernst & Young, Deloitte, KordaMentha, FTI, Alvarez & Marsal, Borrelli Walsh and Quantuma.
QED Law Corporation
QED Law Corporation
Boutique practice QED Law Corporation is experienced in a wide range of cross-border transactions involving M&A, Private equity, and investment funds. Key figures at the firm include directors Susan Kong, Marilyn Goh and Linda Cai.
Focusses / specialisms
The firm is recognized for its work in banking and finance and corporate M&A practices.
The banking team is experienced in a wide variety of financing transactions, including REIT financing, refinancing, project financing and acquisition financing.
Key sectors of expertise include real estate, construction, hospitality, energy, food and beverage, fintech, healthcare and pharmaceuticals.
Client Feedback: 32nd edition (2022/2023)
Financial restructuring
“Each of the partners are knowledgeable in conveyancing, corporate and banking, and have the experience to advice legal and commercial aspects of each matter.”
Investment funds
“Professionalism, practical approach to legal issues and negotiation, fees are generally more competitive.”
Quahe Woo & Palmer
Quahe Woo & Palmer
Founded in 2015, Quahe Woo & Palmer is a boutique focused on corporate and M&A matters. The firm has offices in Singapore and Hong Kong. The firm has recently become part of Multilaw, a global network of reputable firms.
Focusses / specialisms
The firm is recognized for its work in M&A practice. It takes on clients such as multinational companies and private equity funds on corporate and M&A matters across a range of sectors including healthcare, retail, food and beverage, technology, construction, social infrastructure and entertainment.
Key clients
Key clients of the firm include Catterton Asia Advisors, Seraya Partners, Advanced MedTech Group, Phoon Huat Group, Cé La Vi Group, Bond Capital Partners, LOGOS China Holdco and NV5 Global.
Client Feedback: 32nd edition (2022/2023)
M&A
“Top notch when it comes to providing legal advice in light of good commercial judgment.”
Private equity
“Very familiar with the work required and thus lends a firm guiding hand to all parties. Very responsive and gives clear advice on next steps.”
Reed Smith
Reed Smith
Global law firm Reed Smith has established the Singapore office since 2012. The firm boasts a strong network and is capable of advising clients throughout the region in jurisdictions including Malaysia, Myanmar, Thailand, Indonesia and the Philippines. The firm is in a Formal Law Alliance (FLA) with Singapore law practice Resource Law LLC.
Focusses / specialisms
The firm is recognized for its work in debt and equity capital markets, project development, banking, M&A and restructuring and insolvency practices. It’s Singapore presence has a particular strength in international trade and commodities, dry and wet shipping, trade and ship finance, energy and natural resources, corporate and regulatory work.
In banking the firm has a particular focus on structured trade and commodities finance, advising on transactions including prepayments, pre-export financing, borrowing base facilities, limited recourse structures and inventory finance. The banking team regularly takes on mandates from banks, funds and trading houses.
In capital markets, the firm advises companies, underwriters, sponsors and other market participants on a range of capital-raising transactions.
In the corporate space, the firm often focuses on energy and natural resources, advising institutional energy and natural resources clients as well as investors including private equity, venture capital and family office investors. The firm is also building its presence in the technology and media sectors.
The firm’s project development expertise covers sectors such as oil and gas, conventional power, renewables, utilities and manufacturing.
RHTLaw Asia
Active since 2011, RHTLaw Asia is a regional law firm headquartered in Singapore. The firm is a founding member of the ASEAN Plus Group (APG), a group of full-service law firms in Asia.
Focusses / specialisms
The firm is a consistent performer across the financial and corporate space.
The banking team regularly acts for domestic and international banks, financial institutions and corporations and has recently been growing its presence in the fintech sector.
The capital markets team regularly advises local and international clients on debt and equity offerings.
The firm’s M&A team is known for its work in the technology and healthcare sectors.
Key clients
Recent clients include AM Group Holdings, BreadTalk Group, Kwan Yong Holdings and Janus International Group.
Client feedback: 31st edition (2020/2021)
Restructuring and insolvency
"They are technically sound and provide very prompt response to our urgent and at times complex queries."
"The restructuring partner Nigel is very knowledgeable, commercial and approachable."
Rubicon Law
Rubicon Law is a boutique corporate law firm formed in 2020 and is led by managing director Lam Shiao Ning.
Focusses / specialisms
The firm is recognized for its work in M&A practice and has a particular strength in local and cross-border mergers, acquisitions and fundraising transactions. Sectors of activities include financial services, marine, logistics, healthcare, education and technology.
Key clients
Key clients of the firm include Tonik Financial, Niometrics and Medici.
Client Feedback: 32nd edition (2022/2023)
Private equity
“Quality work. Quick turnaround on documents. Advice to management and raising concerns when applicable.”
M&A
“Sharp and efficient.”
Setia Law
Founded in 2023, Setia Law
is a specialist high-stakes dispute resolution and crisis management team in Singapore.
Focusses / specialisms
The firm is specialists in dispute resolution, fraud and financial crimes, restructuring and insolvency, and international enforcement.
Simmons & Simmons
Established in 2013, Simmons & Simmons JWS’ Singapore office serves as a hub for the firm’s regional practice. Key figures include partners Rolfe Hayden and Jek-Aun Long.
Focusses / specialisms
The firm provides both international and Singapore law advice and is recognised for its banking, capital markets, investment funds and project development practices.
The investment funds team has a focus on hedge funds work, and the banking team advises on a range of matters, including trade and commodity finance, fund finance, acquisition finance, and margin lending.
Key clients
Clients include Citibank, JP Morgan Chase Bank, Oversea-Chinese Banking Corporation, BlackRock Global Funds, BlackRock Strategic Funds, and BNY Mellon Global Funds.
Skadden Arps Slate Meagher & Flom
Skadden Arps Slate Meagher & Flom
Active in the jurisdiction since 1995, Skadden Arps Slate Meagher & Flom’s Singapore office is led by Rajeev Duggal. The firm has more than 25 years of experience in the region and has advised on matters in jurisdictions including India, Indonesia, Malaysia, Thailand, Vietnam and the Philippines.
Focusses / specialisms
The firm is recognized for its work in the debt and equity capital markets, banking and M&A practices.
The capital markets team advises Southeast Asian and international issuers and underwriters on numerous capital markets transactions involving the raising of capital through debt, equity and hybrid issues.
The corporate team’s expertise includes representing bidders, targets and financial investors on inbound and outbound cross-border M&A and private equity transactions.
Key clients
Key clients of the firm include TDCX, Grab Holdings, SEA, Bridgetown 2 Holdings, Soho Global Health, Axiata Group and Aboitiz Equity Ventures.
Stephenson Harwood
Stephenson Harwood is a international law firm with over 1100 people worldwide, including more than 190 partners. The firm’s Singapore presence has 26 years of experience in corporate, finance and dispute resolution covering the region. The firm also formed the alliance with Singapore law firm Virtus Law.
Focusses / specialisms
The firm is recognized for its work in banking and finance, project development and restructuring and insolvency area.
The firm’s Singapore team has strong expertise in the maritime industry. It also has expertise in offshore finance, aviation finance and restructuring work.
Key clients
Key clients of the firm include Hafnia, Nordea Bank, Vitol, MUFG Bank, Standard Chartered Bank, TransAsia Private Capital, BNP Paribas, OCP Asia, China Development Bank, Berge Bulk Shipping and Golden Equator Capital.
Taylor Vinters Via
Founded in 2012, Taylor Vinters Via in Singapore is led by directors Yingyu Wang and Anthony Soh.
Focusses / specialisms
The firm is active in the corporate and M&A space and has a particular focus on the technology sector.
Key clients
Recent clients include The Chinese Gold & Silver Exchange Society, Asia Innovations Group, Oxford University Innovation, Vistra Corporate Services, and Switcheo Exchange.
Client feedback: 31st edition (2020/2021)
Investment funds
"Fast response. Professionalism."
"They are very responsive, they give relevant details without going into every single part of the contract. That helps to sieve out the important points for us as a business and not focus on the wrong priorities. Being commercially savvy, they are also able to give feedback on the market practice and how we should leverage using standards and market trends."
M&A
"Beyond advising on the legal aspects, TVV were able to put forward suggestions for commercial negotiating positions as well as provide perspectives on market practice."
"Ying and her team are extremely knowledgeable in the tech space. Ying and her team handled the investment round professionally and made the process very easy for us."
Virtus Law
Virtus Law
Founded in 2013, Virtus Law has established a formal law alliance with London headquartered law firm Stephenson Harwood.
Focusses / specialisms
The firm is strongest in restructuring and insolvency and is also recognized for its work in banking and finance and capital markets. The firm provides both international and Singapore law advice.
The restructuring team’s experience covers matters such as debt restructurings, debt to equity swaps, refinancing and insolvency.
Key clients
Key clients of the firm include ABN AMRO Bank, Arcus Infrastructure Partners, National Bank of Greece, Skandinaviska Enskilda Banken, Nordea Bank, Vitol, Standard Chartered Bank and National Bank of Fujairah.
Watson Farley & Williams
Founded in 1982, international law firm
Watson Farley & Williams boasts a team of over 550 lawyers spread across 17 offices. In Singapore, the firm has entered into a formal law alliance with Wong Tan & Molly Lim.
Focusses / specialisms
The firm boasts a well-diversified financial and corporate offering in Singapore, with particular strength in project finance, restructuring and insolvency, and capital markets.
The restructuring team has expertise in advising on matters in the aviation, offshore oil and gas, and maritime sectors.
The projects team advises clients across the region on matters throughout the project lifecycle.
Key clients
Clients include ABN AMRO Bank.
