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.
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 is proud to be the exclusive Singapore firm contributor to the 3rd edition of The Legal 500’s Restructuring & Insolvency Country Comparative Guide. Check out Singapore’s restructuring and insolvency laws and regulations here.
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’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 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.
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.
We are delighted to announce that Ms Li Li Choo has joined TKQP as a Consultant in our Corporate and Commercial practice to diversify our offerings.
Li Li commenced practice in a leading law firm specializing in loan financing transactions in domestic and cross border transactions. She also advises investors on the establishment of joint ventures and strategic alliances, sale and purchase of shares and assets, and the restructuring of companies and businesses. Li Li’s practice further includes advising clients on branding and management agreements, licence and franchise agreements and distribution agreements.
Prior to joining TKQP, Li Li was part of the legal team advising a consortium of Singapore companies on the establishment of an industrial park in China. Li Li has also spent a year working in a Tokyo law firm, advising Japanese clients on their overseas investments in Europe.
Proud to be the exclusive Singapore firm contributor to the 2nd edition of The Legal 500’s Restructuring & Insolvency Country Comparative Guide! Check out for Singapore’s restructuring and insolvency laws and regulations.
TKQP’s award-winning Disputes practice has been shortlisted for the Asian Legal Business SE Asia Law Awards 2018’s Dispute Resolution Boutique Law Firm of the Year and Singapore Litigation Law Firm of the Year awards.
The Asian Legal Business SE Asia Law Awards recognize and celebrate the outstanding contributions of law firms and in-house counsel to the legal landscape in South East Asia. An independent judging panel comprising at least 30 reputable members from numerous sectors will select the winners for the various award categories.
We take this opportunity to thank all our clients for their support and confidence in our firm.
Of Counsel, Alcina Lynn Chew has been recognised by Singapore Business Review as one of Singapore’s “20 most influential lawyers aged 40 and under 2017”. This annual listing profiles young lawyers in Singapore who have shaped the Singapore legal industry. Lawyers were chosen based on thought leadership, influence, and success. Read more
In an effort to showcase and recognise young talented lawyers, Singapore Business Review does not rank a lawyer more than once. TKQP’s lawyers have been ranked in this list for four consecutive years.
TKQP is delighted to announce the promotions of one Partner, one Of Counsel and six Senior Associates, effective 1 January 2018.
The following is a list of the newly promoted lawyers:
- Keith Tnee, Partner, Disputes
- Alcina Chew, Of Counsel, Disputes
- Chan Yi Zhang, Senior Associate, Disputes
- Rachel Chin, Senior Associate, Disputes
- Leonard Loh, Senior Associate, Disputes
- Kristy Teo, Senior Associate, Disputes
- Daniel Cheong, Senior Associate, Insurance
- Javier Yong, Senior Associate, Insurance.
We are delighted to announce that our firm’s sterling Disputes practice has clinched the “Disputes Boutique of the Year” and the “Matters of the Year” awards from Asialaw, amid keen competition from law firms across 14 jurisdictions in the region. In addition, Senior Partner Paul Seah beat six other disputes lawyers (including two Senior Counsel) in the region to win the “Disputes Star of the Year” award.
The awards ceremony took place at Grand Hyatt Hong Kong on 28 September.
Please refer to the press release for further details.
TKQP is pleased to announce that the firm has been listed in “Best Boutiques 2017” by Asian Legal Business. This inaugural list profiles law firms across Asia that are gamechangers in their chosen specialism.
We take this opportunity to thank our clients for their continued support.
TKQP has secured a favourable judgment in a minority oppression case which involved Mdm Kwik Poh Leng, the matriarch of the Thio family.
The Thio family members own a very successful dairy products business in Singapore through their company, Malaysia Dairy Industries Pte Ltd, which produces well-known products such as Vitagen, Marigold, HL Milk, Peel Fresh, Cowbell, Lady General, King of Kings and Double Happiness.
Three members of the Thio family commenced an action against their mother, Mdm Kwik, and two other siblings for acts that were allegedly oppressive and prejudicial to their interests as shareholders of certain companies owned by the Thio family. The plaintiffs sought a buyout from the defendants, or alternatively that the companies in question be wound up.
Following a 16-day trial, we succeeded in having the claims against our client dismissed.
The team is led by Senior Partner, Paul Seah with support from:
- Of Counsel, Keith Tnee;
- Senior Associate, Alcina Lynn Chew; and
- Associate, Rachel Chin.
TKQP’s sterling Disputes practice has earned nominations for the Asialaw Asia-Pacific Dispute Resolution Awards 2017.
The firm has been nominated for the Disputes Boutique of the Year award. In addition, Senior Partner, Paul Seah, has earned a nomination for the Disputes Star of the Year award.
In selecting the shortlist across 14 jurisdictions, Asialaw undertook detailed research from a variety of sources and consulted private practice lawyers, in-house counsel and barristers.
The award dinner will take place at The Grand Hyatt in Hong Kong on 28 September.
TKQP continues to score significant results in the ongoing United Overseas Bank Ltd v Lippo Marina Collection Pte Ltd and others case.
We are acting for United Overseas Bank Ltd (UOB) in its claims for fraud and conspiracy against, amongst others, Lippo Marina Collection Pte Ltd (Lippo Marina), a property development company within the well-known Lippo Group, relating to UOB’s grant of mortgage loans amounting to an aggregate sum of S$181 million for the purchase of luxury condominium units at The Marina Collection at Sentosa Cove developed by Lippo Marina.
We had previously succeeded in an interlocutory application for summary determination on a complex area of law pertaining to whether a plaintiff (the victim of fraud) is attributed with the knowledge or actions of a fraudulent employee so as to preclude it from suing other persons on the basis of misrepresentation and deceit involving that employee. The High Court’s decision is reported at United Overseas Bank Ltd v Lippo Marina Collection Pte Ltd and others  2 SLR 597.
Since then, we have successfully argued against Lippo Marina’s appeal for specific discovery of an affidavit affirmed by a co-defendant pursuant to a settlement with UOB. In this application, several novel issues arose including litigation privilege in the context of a multi-party litigation. The High Court’s decision is reported at United Overseas Bank Ltd v Lippo Marina Collection Pte Ltd  SGHC 140, and is a landmark ruling on the applicability of litigation privilege to documents which are shared with one adversary pursuant to a settlement with that party, even though the litigation remains live against some other party. The decision is an important development in the law on privilege and will have an important bearing on trial preparation and strategy in the context of a multi-party litigation.
The team was led by Joint Managing Partner, Eddee Ng, with support from Senior Associate, Alcina Lynn Chew and Associate, Sherlene Goh.
We are delighted to announce that Mr Lawrence Low has joined TKQP as an Of Counsel.
Having been based in Singapore for more than 10 years, Lawrence has handled a number of landmark and award-winning financing transactions in Asia and the Middle East. Lawrence’s expertise, international best practice knowledge and in-depth knowledge of the local markets, will add depth to our Infrastructure and Projects practice.
Please refer to the press release for further details.
Over 60 guests gathered at TKQP’s new office in the iconic Guoco Tower for an evening of networking on 25 May. Conversations flowed freely over wine and canapés. New friendships were formed and old ones renewed.
We also had the honour of having Mr Ng How Yue grace our event with his presence. Mr Ng is the Permanent Secretary of the Singapore Ministry of Law, Second Permanent Secretary of the Singapore Ministry of Health and Chairman of the Energy Market Authority.
TKQP’s Disputes practice has earned nominations for the Asian Legal Business SE Asia Law Awards 2017 amid competition from law firms across South East Asia and India.
The following partners have been nominated:
- Eddee Ng – Singapore Managing Partner of the Year
- Marina Chin – Woman Lawyer of the Year
- Paul Seah – Young Lawyer of the Year.
The firm has also earned a nomination for Singapore Litigation Law Firm of the Year.
An independent judging panel comprising at least 30 senior and expert industry leaders from numerous sectors will select the winners for the various award categories. Winners will be announced at The St. Regis Singapore on 18 May 2017.
We take this opportunity to thank all our clients for their support and confidence in the firm.