Linklaters has been in Singapore for over 30 years. Being a central hub for activity across so many sectors and jurisdictions, our team advises clients in Singapore and across the wider Southeast Asia region.
Innovation is at the heart of everything we do and our team are working on some of the most unique and first-of-a-kind transactions and projects across the region, as new trends, transaction types and technologies emerge.
As one of the few international firms to be awarded a qualifying foreign law practice (QFLP) licence by the Singapore Ministry of Law, we practice Singapore law as well as English and U.S. law.
Recent significant transactions include advising:
- True Corporation Public Company Limited (True Corporation), as the borrower, on its sustainability-linked loan totalling JPY 141.3bn (approximately US$900m), making it the first telecom-tech company in Thailand to secure a sustainability-linked syndicated loan.
- a syndicate of lenders on the US$375m financing for Adani Total Gas Limited (ATGL) for expanding its city gas distribution (CGD) business.
- Jefferies India Private Limited and JM Financial Limited, as book running lead managers, on the INR 24bn qualified institutions placement (QIP) for Sona BLW Precision Forgings Limited (Sona Comstar), a global automotive systems and components manufacturer.
- representing the book running lead managers on the IPO of Premier Energies Limited, India's second largest fully integrated solar cell and module manufacturer. The shares marked a notable debut on the Indian stock exchanges, the National Stock Exchange of India (NSE) and BSE.
- Macquarie Capital, in its capacity as majority shareholder of Phil-Tower Consortium Inc. on Phil-Tower’s combination with MIESCOR Infrastructure Development Corporation into a combined structure with four shareholders to create one of the largest independent tower companies in the Philippines.
- a syndicate of eight banks on the US$730m IPO of Ola Electric Mobility Limited (Ola Electric), India’s largest electric two-wheeler manufacturer.
- a consortium of regional financiers on the provision of acquisition financing facilities to a Fajr Capital-led consortium for the acquisition of Aster DM Healthcare’s (Aster) GCC Business. The acquisition was completed at an enterprise value in excess of US$1.7bn, making it one of the largest regional healthcare acquisitions in recent times and paves the way for greater contribution by the private sector towards the healthcare sector across the GCC.
- on the sale to Macquarie Green Energy and Climate Opportunities Fund of a diversified portfolio of renewables assets across Asia.
- Northland Power Inc.(NPI) and Mitsui & Co., Ltd (Mitsui) as joint developers, and the Hai Long project companies, on the TWD 117bn project financing of the 1,022MW Hai Long offshore wind farm project in Taiwan. The project comprises Hai Long 2A (300MW), Hai Long 2B (232MW) and Hai Long 3 (512MW). This transaction marks the first large-scale offshore wind financing in Asia backed with a corporate power purchase offtake (CPPA). It is also the first offshore wind financing in Asia for certain financial institutions.
- the lenders on the financing of a portfolio of solar projects to be developed by subsidiaries of Adani Green at the Khavda Renewable Energy Park in Gujarat, India, which will be one of the world’s largest renewable energy parks.
- in five ICSID enforcement proceedings in the Australian courts against the Kingdom of Spain arising from solar energy investments in Spain, against a plea of sovereign immunity from the jurisdiction of Australian courts: (i) Eiser Infrastructure Limited, Energia Solar Luxembourg S.A.R.L & Anor v Kingdom of Spain; (ii) Infrastructure Services Luxembourg S.A.R.L & Anor v Kingdom of Spain; (iii) RREEF Infrastructure (G.P.) Limited and RREEF Pan-European Infrastructure Two Lux S.a.r.l v Kingdom of Spain; (iv) 9Ren Holdings v Kingdom of Spain; and (v) NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V v Kingdom of Spain. The sums in dispute exceed US$750m.
- Qatar Investment Authority (QIA) on its investment in Oricell Therapeutics Company Limited (Oricell), a China-based innovative biopharmaceutical company focussing on the development of novel immunotherapeutics.
- Citi on the sale of its five consumer banking franchises in Southeast Asia, including the sale of its Philippines franchise to Union Bank of the Philippines and the sale of its consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank.
- BondEvalue on the launch of an electronic platform facilitating fractional ownership of bonds, the BondbloX Bond Exchange. This is the world’s first blockchain-based fractional bond trading platform and the first trade of digital bonds.
- The Government of Malaysia on its issuance of US$800m trust certificates due 2031 and US$500m trust certificates due 2051. The joint offering achieved the highest ever oversubscription rate by the Government of Malaysia. The issuance is the world’s first sovereign sustainability sukuk, with the proceeds being used for eligible social and environmental projects.
Our renowned experience is recognised by the market:
“Linklaters in Singapore is recognised as a top choice for acquisition financing, refinancing and private equity matters for international lenders and corporates. The team is also experienced in handling work in a variety of other jurisdictions across South-East Asia.”
Band 1 - Chambers Asia-Pacific 2024, Banking & Finance (International) Singapore
“Linklaters' legal team in Singapore is highly experienced in working throughout the region and advising banks and corporates on complex and innovative cross-border debt transactions. The firm is particularly active on multicurrency debt issues, convertible bonds, guaranteed bonds and the establishment of MTN programmes, as well as sukuk and green bonds. The lawyers regularly handle cross-border matters, especially in India, Indonesia and Thailand.”
Band 1 – Chambers Asia Pacific 2024, Capital markets (International firms) Singapore
“Linklaters Singapore is a popular choice of law firm for multinational corporations, banks, private equity investors and early-stage businesses. They are unmatched in their attention to client demands and have the experience and confidence to guide the client on what to expect to be the main areas of negotiation.”
Band 1 – Chambers Asia Pacific 2024, Corporate/M&A: International: The Elite Singapore
“Linklaters has a dedicated employment law practice in Singapore, assisting major multinational clients with cross-border employment issues. The team is particularly adept at providing employment advice in relation to major M&A transactions and employee incentive schemes. The team is extremely up to date on industry trends and market practices and can add this commercial layer to any legal advice.”
Band 1 – Chambers Asia-Pacific 2024, Employment (International Firms) Singapore
“Linklaters Singapore houses a strong team covering the full practice area spectrum, with a close focus on emerging technologies in the healthcare, financial services and cloud computing sectors. It is notably active on digital transformation and data protection-related mandates, with an increasing presence in the payments space. The Linklaters team is extremely responsive, collaborative and flexible in approach, which matches the quickly changing tech landscape in which we operate.”
Band 1 – Chambers Asia-Pacific 2024, Technology, Media, Telecoms (TMT) (International Firms) Singapore
“Linklaters are especially adept at thinking two or three steps ahead on new products where there are intersecting questions about technology, operations, market practice, documentation and contractual precedent, and law across jurisdictions. Their team is very fluid and they have broad expertise; Linklaters is really good at being able to bring all these teams together so that you as a client are not burdened with having to go to everyone individually.”
Band 1 – Chambers Asia-Pacific 2024, FinTech Legal Singapore