Corporate/Commercial

• Biofront Commodities Pte Ltd: Acted for Biofront in the transaction whereby Chandra Asri Group acquired a minority stake in Biofronts Indonesian used cooking oil collection arm. Biofront is one of the world’s largest collectors of waste-based feedstocks and the partnership strategically positions Biofront in the forefront of the renewable energy sector.
• Ripple: Acted for Ripple Labs Singapore Pte. Ltd. (wholly-owned subsidiary of Ripple Labs Inc.) as purchaser in its acquisition of a 40% shareholding interest in Tranglo Sdn Bhd, one of Asia’s leading cross-border payments specialists, specifically advising on the regulatory and licensing aspects of the acquisition. This included drafting and advising on the transactional documents as well as liaising with the MAS on the requisite regulatory approvals.
• PayPal: Acted for PayPal in its proposed acquisition of bitcoin purveyor BitGo, specifically, advising on the regulatory issues related to the acquisition and conducting regulatory and compliance due diligence on BitGo’s operations in Singapore. Following due diligence, PayPal decided not to proceed with the acquisition.
• Oxley Holdings Limited: Acting in the sale of Chevron House situated at 30 Raffles Place for a deal size worth S$1.025 billion. The deal is structured by way of sale of Oxley Holding Limited’s 100% share interest, subject to conditions, in Oxley Beryl, the subsidiary which owns Chevron House. This transaction was one of the largest corporate real estate transactions in 2019.
• China Sonangol Land: Acting in the sale of its wholly owned subsidiary, which owns the leasehold interest in the property known as TwentyOne Angullia Park, a 54-unit luxury, freehold residential development along Orchard Road.
• Green 18 Pte. Ltd.: A special purpose vehicle whose shareholders are a consortium of high net worth Singaporeans and companies – Acting in its investment in Summervale Properties Pte. Ltd., an indirect wholly-owned subsidiary of City Developments Limited (“CDL”) which is the registered proprietor of all 156 strata units in the high-end freehold residential development known as Nouvel 18, situated at 16 and 18 Anderson Road, valued at S$965.4 million. This transaction is also the third and most complex profit participation securities investment platform initiated by CDL, which saw the raising of a total of S$977.6 million through equity injection, issuance of notes and provision of credit facilities by two local banks. This transaction was the record-breaking corporate estate transaction in 2016.
• Lucrum Singapore real estate income fund: Acting in the sale of its wholly owned subsidiary Lucrum Development (Singapore) Pte. Ltd. which owns the leasehold interest of 11 Hillside Drive which houses the Hillside World Academy, a new Chinese international school. The consideration for the sale was approximately S$68 million and the subsidiary was acquired by Maple Leaf Education Asia Pacific Limited, a direct wholly-owned subsidiary of China Maple Leaf Educational Systems Ltd.
• World Triathlon Group: Acting for the purchaser in the acquisition of Spectrum Worldwide Events (Singapore) Pte. Ltd., a company which organises the Standard Chartered Singapore Marathon and other regional sporting events.
• Confidential Client: Acting in connection with the corporate aspects of the transaction in the divestment of the whole of its indirect interest in an investment holding company which held four dormitories in Jalan Papan, Woodlands, Kian Teck and Tampines in Singapore. The transaction price for the divestment, which included the sale also of the remaining minority interests, was in the region of about S$380 million.
• Confidential Clients: Drafting, reviewing and advising on investment management agreements, joint ventures and shareholding arrangements.

Regulatory/Advisory

• Oversea-Chinese Banking Corporation Limited (OCBC): Acted as solicitors to OCBC in its establishment of its asset tokenisation platform and the launch of the sale of bespoke tokenised bonds to corporate accredited investors. The tokenised bonds, which reference investment-grade bonds, are structured based on the client’s desired tenor and yield. They are then minted and transferred to the client’s wallet created on OCBC’s asset tokenisation platform.
• Crypto.com: Advising Crypto.com on licensing and regulatory issues in relation to the launch of its sports event trading contracts, and legal structuring of the same.
• Secondment with Singapore bank: Assisting a Singapore bank on the development of an institutional-grade cryptocurrency custody solution in collaboration with a digital innovation team and external partners, while leading a multi-jurisdictional project to revamp custody and fund management documentation, aligning with revised operational structures and streamlining internal approval processes across six regions.
• Various Fintech Clients: Advising various cryptocurrency and payment service providers on legal structuring and contractual considerations, as well as assisting with their licensing applications with the MAS in connection with ICOs, offering of financial products (both industry standard and bespoke) and their business operations in Singapore. Clients include payment and cryptocurrency firms who have obtained their full licence approval and/or in-principal approval relating to the Payment Services Act.
• Various Financial Institutions: Advising various banks and financial institutions on regulatory issues, licensing and anti-money laundering regulations in the areas of capital markets services, banking, financial advisory services, fund management, insurance, stored value facilities and payment systems, and remittance business regulations.  
• Confidential Client: Advising a European bank on the regulatory and corporate/commercial considerations relevant to the proposed establishment of its representative office in Singapore.
• Confidential Clients: Advising various healthcare institutions in Singapore on their contracts relating to their operations, including programmes and arrangements with consultants and other third parties, and the licensing and regulatory requirements in respect of the Dental Registration Act, Health Products Act and Private Hospitals and Medical Clinics Act.
• Various confidential clients: Advising on regulatory and licensing issues in the areas of capital markets services, banking services, financial advisory services, fund management, insurance, stored value facilities, payment systems, and remittance business regulations. 
• Financial services provider listed on the Australian Securities Exchange: Advising on regulatory and licensing issues in the areas of capital markets and fund management services, as well as employment regulations.
• Financial services provider listed on the Frankfurt Stock Exchange: Advising on the implementation of banking services, payment systems and remittance business regulations.
• Confidential client: Advising on the multi-level marketing and health products regulatory regime governing the sale, distribution, importing and manufacture of health supplements and cosmetic products. 
• Confidential client: Advising on the multi-level marketing and regulatory regime in Singapore governing the sale, distribution, importing and manufacture of health supplements and cosmetic products.