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Singapore In Brief
Singapore In Brief
Despite being the smallest state in South-East Asia, Singapore is economically one of the ‘Four Asian Tigers’, alongside Taiwan, Hong Kong and South Korea. The economy has seen five consecutive years of expansion, and is particularly strong in manufacturing, especially electronics.Singapore is also enjoying high levels of activity in the construction and financial sectors; it is the largest real estate investment trust market in Asia outside Japan, with eight new REITs listed on the Singapore Exchange in 2006, while in February 2007 the first infrastructure finance trust was also floated. The city-state is also a major foreign exchange centre, the fourth-largest in the world, according to the Monetary Authority of Singapore.
In addition, Singapore is the busiest port in the world in terms of shipping tonnage, and it is also a world-leading hub for container trans-shipment. Overall, Singapore was the fifth most economically competitive country in the world in 2006, according to Forbes, and was the most business-friendly economy in the world in 2005–2006, according to a report by the World Bank and the International Finance Corporation.
This dynamic economy leads to high levels of work for the leading law firms. Lawyers from both local and international firms are featured in the following pages, and we have identified 281 eminent professionals in specific fields. They have been recommended by clients and peers, both for their local work and in some cases for work throughout the region. We have classified these experts in 22 practice areas. The following firms stood out for the depth and breadth of the expertise they command, and should be regarded as the leaders in Singapore.
Editorial
Editorial: Singapore
Editorial: Oil & Gas in Singapore
As previous chapters have mentioned, Singapore is an important regional hub in many fields. The situation is no different in the oil and gas sector – several of the eight lawyers we identify here are active in nearby countries, including Cambodia, Indonesia, Malaysia, the Philippines,Thailand, and Vietnam. Our research also indicates that the large international players dominate the market, with practitioners from UK, US and Australian firms all appearing in this chapter.
Editorial: Patents in Singapore
In this chapter we highlight 13 leading practitioners in Singapore from 10 firms. Singapore has a thriving intellectual property market: 9,164 patent applications were filed there in 2006, according to figures published by the Intellectual Property Office of Singapore (IPOS). A number of the individuals selected for this chapter also feature in the trademarks chapter.
Editorial: Project Finance in Singapore
Seventeen professionals at 12 firms make up our project finance chapter. These practitioners have an established track record representing sponsors and lenders in project financing and refinancing deals. With significant government funding aimed at economic development and a free-enterprise economy there is no shortage of project finance work in Singapore. A number of practitioners listed below also appear in the oil and gas chapter, highlighting the importance of this industry in the regional market.
Editorial: Real Estate in Singapore
Singapore is witnessing huge developments in its commercial and residential real estate sectors, with a massive influx of foreign investment. Four of the largest acquisitions in Asia were carried out in Singapore and the level of activity shows no signs of slowing.
Editorial: Regulatory Communications in Singapore
The research for this chapter has identified 11 individuals, all of whom are recommended for their expertise in the representation of telecoms clients before communications ministries and government regulators. Our research has targeted private practice lawyers with an expertise in offering advice to corporates on questions of licensing, interconnection, tariffs and other general aspects of compliance with the regulatory regime. Given the close relationship between the regulation of communications and competition law, two of practitioners on the following pages appear in both chapters.
Profiled Firms
Firm Profiles: Singapore
Alban Tay Mahtani & de Silva
Alban Tay Mahtani & de Silva celebrated its 13th anniversary in September 2007, and is now firmly established as one of Singapore’s premier firms. It is listed nine times in the following pages, in seven practice areas. Uniquely all of its four partners that we identify appear in more than one chapter.
Allen & Overy Shook Lin & Bok
Allen & Overy’s Singapore office was established in 1992 and the thriving joint law venture with Shook Lin & Bok LLP came into force in September 2000. Four lawyers feature in five chapters, highlighting the firm’s strength in the financial sector – with Allen & Overy Shook Lin & Bok lawyers found in the banking, capital markets and project finance chapters.
Allen Gledhill LLP
Rowland Allen and Joseph Gledhill founded Allen & Gledhill LLP in 1902 and since then the firm has grown to be the largest in Singapore, with over 250 lawyers. The firm boasts an extensive and diverse clientele and offers services including corporate and commercial, financial services, corporate real estate, intellectual property and litigation and dispute resolution.
Baker & McKenzie.Wong & Leow
Baker & McKenzie has been assisting clients in the Asia-Pacific region for more than 40 years. The firm has had a presence in Singapore since 1981 and the formation of a joint law venture with local firm Wong & Leow in 2001 strengthened its presence in the region. The JLV is now home to lawyers well versed in both local and international law, six of them feature in the following publication.
Clifford Chance Wong Pte Ltd
Clifford Chance is one of the world’s leading international law firms, and its joint venture with WongPartnership - Clifford Chance Wong - enables it to advise on local law and combine local experience with its worldwide expertise. The Singapore office is home to approximately 30 international lawyers, and the firm is widely recognised for its work in South-East Asia, as well as on the Indian subcontinent and in Indo-China.
Focus On Corporate Counsel
Corporate Counsel Q&A: Singapore
Singapore Corporate Counsel: Sharon Craggs
Head, Group Legal and Compliance DBS Bank
DBS Bank was established in 1968 as a development financing institution and is now a full-service bank with the largest network of branches in Singapore and further branch networks in Hong Kong, Indonesia, China and India. It is a specialist in banking in Asia, and is active in the corporate, retail and investment fields. It is also one of Singapore’s main sources of medium and long-term financing. DBS also has international branches or representative offices in countries such as Japan, Korea, Malaysia, Myanmar, the Philippines, Taiwan, Thailand, UK, the US and the Middle East. DBS Bank is held by DBS Group Holdings Ltd, one of the largest companies in terms of market capitalisation on the Singapore Exchange.