TKQP Named Finalist for Firm and Lawyer Awards at Women in Business Law Awards Asia 2020

Euromoney Legal Media Group shortlisted TKQP for the “Jurisdiction – Singapore” award at the Women in Business Law Awards Asia 2020. In addition, Partner Alcina Chew was named a finalist for the “Rising Star” award. The annual awards celebrate the achievements of law firms and professional services firms in helping women advance in the legal profession.

In selecting the shortlist, Euromoney Legal Media Group conducted a series of peer review interviews with leading female professionals across multiple areas of law and jurisdictions. To refine the results, Euromoney Legal Group also incorporated other research such as directory analysis and survey results.

The virtual award ceremony will take place on 10 December.

TKQP Bolsters its Corporate and Commercial Practice

TKQP is pleased to announce the addition of seasoned practitioner, Ms Florence Goh, to its Corporate and Commercial practice.

Florence has extensive corporate experience in complex cross border deals. Her work involves negotiating and advising on joint ventures in Singapore and across the world including Myanmar and Indonesia, structures for foreign investments, restructuring of businesses, mergers and acquisitions, and collaborations. She has also assisted clients in transactions involving vessel acquisition, vessel financing, aircraft acquisition, aircraft leasing, and drafted a wide variety of agreements regularly required in the corporate, commercial world such as joint venture agreements, investment agreements, syndicated loan agreements, licensing agreements, employment agreements and stock option agreements.

The combination of Florence’s experience with TKQP’s current Corporate and Commercial team, will enable the firm to better serve its clients’ needs in the region.

Prior to joining TKQP, Florence helmed the Corporate department of a Singapore law firm.

COVID-19 and Legal Considerations for the Hospitality Industry

The COVID-19 outbreak has been described as “the most serious crisis this country has faced since Independence”. These words ring especially true for the hospitality and tourism industry, which has seen free-falling room occupancy rates, closing hotel floors, shortening service hours, and now, many hotels (save for those which have been engaged to house individuals serving out their Stay Home Notice period) have had to shut their doors.

In this climate, it is particularly apposite for hotels and other players in the hospitality industry to examine their contractual rights and obligations, to see what may be renegotiated or restructured. This may help to alleviate the bleak and grave situation that the industry now finds itself in.

This client update highlights several things you need to know about the COVID-19 (Temporary Measures) Act 2020 and its impact on the hospitality industry.

Client Update – More Room to Breathe: Some Observations on the Newly Introduced COVID-19 (Temporary Measures) Act

The advent and spread of COVID-19 have caused severe cashflow difficulties for businesses within and without Singapore. Cash and liquidity are in scarce supply, and businesses find themselves either gasping to keep afloat, or struggling to be paid by their debtors. In an effort to address the financial difficulties choking businesses in Singapore, the Singapore government has introduced various new measures in the new Covid-19 (Temporary Measures) Act 2020 (the Act), which was passed on 7 April 2020. While the prevalent issue on everyone’s minds is the control order and its restrictions on our movements, the Act also includes several important financial and business-related provisions

This client update highlights several things you need to know about the Act and its impact on your business, as well as what viable options are available under the existing legal regime.

TKQP Scores Victory in Precedent-Setting Case

TKQP has secured victory in a first of its kind case in the common law world involving the legal consequences of certain SWIFT messages. SWIFT is commonly used as a means of communication between financial institutions around the world.

The case, which was heard by Sir Jeremy Cooke in the Singapore International Commercial Court (“SICC”), involved issues relating to the allocation of risk/liability between a sending bank and a beneficiary bank, in a cross-border transfer of funds where the payment information and the settlement instructions are sent in two separate message flows. The SICC’s decision will have ramifications on the jurisprudence and practice of bank payments around the world.

The team was led by Joint Managing Partner and Co-Head of Disputes, Mr Eddee Ng and assisted by Mr Siew Guo Wei and Ms Vinna Yip, both Senior Associates of TKQP. TKQP was very pleased to have worked alongside Mr Raymond Cox QC in its first matter before the SICC.

TKQP Senior Partner Recognised as a Leading Lawyer for Six Consecutive Years

TKQP’s Joint Managing Partner and Co-Head of Disputes practice, Mr Eddee Ng has been named as one of the leading lawyers in the fields of Litigation, and Banking and Finance in Singapore by the Best Lawyers six years in a row.

Praised by clients as “impressive and clearly knows his way around the Singapore courts”, Eddee has won numerous accolades from leading independent legal directories in recognition for his expertise in dispute resolution. In addition, Eddee was invited to be a member of the prestigious, invitation-only International Association of Defense Counsel – a testament to his expertise and reputation in the market.

TKQP is Learning Partner of Singapore Academy of Law’s LIFTED Initiative

TKQP is proud to be one of the learning partners of LIFTED, a professional and development initiative spearheaded by the Singapore Academy of Law.

Following the signing of a Memorandum of Understanding on 11 January, TKQP and the Singapore Academy of Law will jointly develop a series of co-branded professional development and continuing education programmes over the next three years. This collaboration initiative enables TKQP to play a pivotal role in facilitating the sharing of expertise more widely within the legal industry and the nurturing of the next generation of lawyers. It also dovetails with what we believe in – People are at the centre of who we are.

For more information on the LIFTED programme, please visit https://www.sal.org.sg/Resources-Tools/Legal-Education/LIFTED/Tools.

NUS Centre for Banking & Finance Law Presents The Project Finance Academy Workshop – 14-16 November

A recent Asian Development Bank report indicates that Asia needs to invest US$26 trillion from 2016 to 2030 if the region is to maintain its growth momentum. Given the pressing need to accelerate the pace of energy and infrastructure upgrading and developments in this part of the world, Singapore is
positioning itself as the Infrastructure Hub for Asia.

This three-day practical “hands-on” workshop will take participants through the main legal considerations in structuring project finance transactions. Participants will gain an understanding of the real-life considerations and tensions that underlie key provisions of a typical Concession Agreement, and related Project and Financing Documents. Participants will learn how to structure and negotiate documents that anticipate and deal with potential issues. The focus will be on project finance practice as it happens in Asia. Participants will also get to interact with a panel of experienced market players active in the region. Participants will be expected to participate actively in role-play exercises that illustrate the evolving dynamics of a typical transaction.

Participants may obtain up to 15 public CPD points for this workshop. For more details or registration, please click here Project Finance Academy.