Stamford Law law firm news

While talks are underway for the US$8.3bn ASX/SGX merger to see the combined entity become the world’s fifth-largest stock exchange, PRC capital markets lawyers remain confident of bourses in Greater China.

新加坡交易所和澳大利亚证券交易所近日已达成合并协议，新交所将通过现金加股票的形式收购澳交所，交易总值达约合83亿美元。如果交易获准，双方组建的新交易所将成为亚太地区第二大证券交易所

Midas, a leading manufacturer of aluminium alloy extrusion products, is the first Singapore-listed company to take advantage of an additional channel for capital-raising in Hong Kong. Earlier this year, changes to the HKSE listing rules saw a relaxation of criteria for companies to secondary list on the HKSE – in particular companies from the mining and petroleum sector – an option that few companies have exercised thus far.

The need to maintain confidentiality during the secret merger talks between the SGX and ASX prevented a tender process, resulting in firms being handpicked in accordance to their track record.

The board of directors of the Singapore Exchange has announced that SGX and ASX have entered into a landmark Merger Implementation Agreement (MIA) today to combine their listing, trading, clearing and settlement capabilities to create the second largest listing venue in the Asia-Pacific, with combined pro-forma market capitalisation of approximately US$12.3bn as of 22 October 2010.

Singapore firms Allen & Gledhill and Stamford Law and Australian firms Clayton Utz and Freehills are engaged in the US$8.2bn merger between SGX and ASX that will see the combined entity become the world’s fifth largest stock exchange.

新加坡交易所本周一宣布澳大利亚证交所同意其提出的82亿美元的收购要约。新加坡律师事务所Allen & Gledhill和Stamford Law 以及澳大利亚律师事务所Clayton Utz和Freehills参与了此项合并协议。

Singapore firms Allen & Gledhill and Stamford Law will act as Singapore counsel to the Singapore Exchange (SGX) and the Australian Stock Exchange (ASX) in the US$8.2bn merger that will see the combined entity become the world’s fifth largest stock exchange.

US firm Duane Morris has secured approval from the Singapore Ministry of Law to launch a joint law venture (JLV) with local firm Arfat Selvam Alliance.

Rajah & Tann, Stamford Law, King & Wood and Clifford Chance have acted on the first proposed takeover of a listed business trust in Singapore – a US$225m joint venture between Japan’s Mitsui & Co and Singapore Hyflux to develop a substantial water treatment business in Mainland China.

Singapore's Lee & Lee has added four new associates to its corporate division in response to the growing demand for capital markets, M&A and privatisation work, according to the firm.

Singapore-based Stamford Law has reeled in a trio of new hires from local competitors this month – Wendy Tan, Richard Tan and real estate specialist Richard Tan Ming Kirk.

Whether they are cash-strapped or expanding, Asia’s aviation industry has proven to be a big source of work for the region’s law firms recently.

Mergers and Acquisitions - MAC Clauses

Stamford Law Corporation is working with client KS Energy, a leading energy services provider to the global oil & gas, marine and petrochemical industries, on the consolidation of its distribution businesses.

Overseas Union Enterprise has sold its interest in the residential condominium at 21 Angullia Park, also known as the ‘Parisian’, to focus its finances on the development of its other residential property development project, the ‘Grangeford’.

The natural resources sector in Indonesia is heating up. Leading coal mining company, PT Adaro Indonesia, has attracted significant interest from international financiers resulting in oversubscription in both an offer of senior guaranteed notes and a bank facility.

Freshfields and Clifford Chance together with Singapore firms Drew & Napier and Stamford Law have all advised on the latest deal by Dutch financial services giant ING to shed its wealth management assets.

Recent events have shown that Dacheng is pursuing international opportunities multifariously.The firm is expanding its global network not only through entering strategic alliances with foreign firms and opening branch offices overseas but also by joining a global professional network.

WSG（World Service Group）近日批准大成律师事务所加入该组织，成为中国地区的唯一成员。