Capital
Markets

Our Capital Markets practice is a leading practice in the region and we are involved in many novel transactions, offering our clients breadth of service and depth of expertise.

We act for financial institutions, investment advisers and corporations and represent clients from a diverse range of industries and nationalities. We work closely with our clients to achieve practical and commercially driven solutions that also take into account the requirements of regulators, investors and other stakeholders.

Our experience includes initial offerings, dual listings, secondary listings, reverse takeovers, rights issues, issuance of conventional and Islamic debt securities internationally and locally, convertible debentures, privatisations and Islamic finance. We also advise listed companies in relation to their corporate exercises including restructuring, share schemes and other regulatory compliance issues.

Our network of leading capital markets law practitioners possesses extensive deal experience and longstanding interactions with regulators and the stock exchanges in our network jurisdictions. We are able to work seamlessly across borders to advise and assist our clients on their capital markets transactions and in the conduct of due diligence where necessary.

Key Partners

Steven Lo

Head, Mergers & Acquisitions / Co-Head, Capital Markets / Corporate & Finance
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Gary Wan

Co-Head, Capital Markets / Director, Corporate & Finance
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Frederick Bonar Simanjuntak

Partner / Banking & Finance / Mergers & Acquisitions / Foreign Investment / Corporate and Commercial /
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Maria Sagrado

Managing Partner / Banking & Finance / Capital Markets / Foreign Investment and General Corporate Practice / Hotel, Resort and Tourism / Media, IT and Telecommunications / Mergers and Acquisitions / Mining and Energy /
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Datin Grace C.G Yeoh

Partner / Head, Corporate/M&A / Head, Energy, Natural Resources & Green Technology / Head, Real Estate / Head, Private Client & Family Business
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Pamela Kung

Partner / Head, Capital Markets / Financial Services / Islamic Finance / Private Client & Family Business / China Desk
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Manuel Z. Gonzalez

Senior Partner / Head, Capital Markets / Head, Projects & Energy / Head, Anti-Trust and Competition
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Gwyneth S. Ong

Partner, Corporate and Commercial Group / Co-Head, Capital Markets / Co-Head, Projects & Energy
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Tram Ngoc Bich Nguyen

Partner, Corporate & Commercial
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Accolades

Singapore | Drew & Napier 

Legal 500 Asia-Pacific
Capital Markets 2024 – Leading firm for 13 consecutive years

Steven Lo – Recommended lawyer for 3 consecutive years
Gary Wan – Recommended lawyer for 3 consecutive years
Renu Menon – Recommended lawyer for 3 consecutive years
Ng Pei Tong – Recommended lawyer for 2 consecutive years
Ron Cheng – Recommended lawyer for 2 years in 2018 and 2022
Sin Boon Ann – Recommended lawyer for 2 consecutive years in 2022, previously Leading Individual for 13 consecutive years from 2006 to 2018

  • "The team is very versed in listco-related work. They are capable to deliver the relevant solutions in a timely matter."
  • "The firm is experienced in dealing with SGX officers and facilitates the discussion on the corporate change."
  • “[The team] understands our business needs... demonstrated an excellent understanding of laws and practice to help the client to plan its corporate goal by providing a specific and concise legal road map.”
  • “Drew & Napier LLC possess a team of committed lawyers with sound business acumen and industry knowledge that offers great client service and quick turnaround times. They know the area very well and they know the other players.”
  • “The team works as a whole, from a multi-facet angle and provide its clients a holistic total solution.”
  • “The team is quite responsive to clients’ needs and makes time for clients no matter how late it is. The team is very collaborative and pulls in different teams of expertise to work together with the client and ensures constant communication and monitoring of the progress of the projects.”
  • “They are always attentive and committed to assist clients 24/7. They are creative, productive and always come up with solution for clients’ problems.”
  • “They are very knowledgeable and provide an excellent service, with the appropriate imagination to think out of the box when necessary.”

Chambers Asia-Pacific and Global
Capital Markets 2022 – Leading firm for 14 consecutive years

Sin Boon Ann – Leading individual for 9 consecutive years from 2011 to 2019

  • Clients note that: “They are familiar with capital markets transactions and are therefore able to provide effective solutions having assessed the problems faced by the company. They are also able to pre-empt certain issues before they arise, giving the company sufficient time to resolve them.”
  • “A group of very talented lawyers with valuable and insightful advice, especially on the current business environment. They provide very detailed guidance and solutions.”
  • “They perform their tasks with a high level of expertise,” says another source.
  • “They are capable of providing technically sound and commercially viable advice to the company in a timely manner. The team is very responsive in addressing the issues the company might be faced with and provides value-adding advice from all commercial angles.”
  • “Without exception their work is timely, efficient and of top quality. Full marks for client service, they're always available and personable.”

IFLR1000: The Guide to the World’s Leading Financial Law Firms
Capital Markets 2024/2025 – Leading firm for 20 consecutive years

Sin Boon Ann – Expert Consultant for 3 consecutive years, previously Highly Regarded for 6 consecutive years, previously Leading Lawyer from 2011 to 2017
Gary Wan – Highly Regarded, previously Notable Practitioner
Wu Geng – Notable Practitioner for 6 consecutive years

  • "Professional, dedicated and resourceful. Delivers quality." 
  • "A strong team of insolvency practitioners with good support. The team provides good legal advice." 
  • "The best legal advisory services, including deep knowledge in all SGX requirements." 
  • Clients commended: “The work is of the highest quality.”
  • “Excellent. The law firm understands legal and commercial requirements.”
  • “It provides the full range of legal services to the clients. It is resourceful in helping the clients arrive at effective solutions in a timely manner when handling corporate work. The team exhibits a strong understanding of the business and provides value-added solutions.”
  • "The lawyers who worked on our files in addition to being technically very strong, they approach a challenge by employing a '360 thought process', delivering a comprehensive solution that works legally and commercially. "

Indonesia | Makarim & Taira S.

Legal 500 Asia-Pacific
Capital Markets 2023 - Tier 3 law firm from 2020-2023
Capital Markets 2019 - Tier 2 law firm from 2014 to 2019

IFLR1000: The Guide to the World’s Leading Financial Law Firms
Capital Markets 2023 - Tier 3 law firm for from 2014-2023

  • “Excellent Jakarta-based law firm. Very responsive and collaborate in multi-jurisdictional teams very well.”
  • “Responsive, cost effective and good understanding of industry and regulatory issues.”
  • “The firm is very responsive and very commercial. When we need a quick response for a client, Makarim & Taira S. is always happy to oblige.”
  • “Makarim & Taira S. has provided excellent, sufficiently detailed and timely advice on our projects.”

asialaw Profiles
Capital Markets 2023 – Recommended from 2020–2023
Capital Markets 2019 – Highly recommended from 2014-2019

Malaysia | Shearn Delamore & Co. 

Chambers Asia-Pacific
Banking and Finance: Debt Capital Markets 2022 – Band 3 (3 years ranked); Band 2 (6 years ranked)

Chambers Global
Banking and Finance: Debt Capital Markets 2022 – Band 3 (3 years ranked)

IFLR1000: The Guide to the World’s Leading Financial Law Firms
Capital Markets 2023 – Tier 3 Firm for 2 consecutive years; Tier 2 Firm for 12 consecutive years (2010 – 2021)

  • Shearn Delamore & Co has a solid reputation of being one of the leading firms in Malaysia,” says one client. The firm has been a preferred firm for an established collection of domestic investment banks, with one peer noting that “the historical nature of the practices ensures the firm’s steady work flow”.

asialaw Profiles
Capital Markets 2022 – Recognised for 3 consecutive years

  • Previously Recommended (3 years ranked) and Highly Recommended (4 years ranked)
  • “Good sound advice and exceeds expectations in their response timings.”
  • “Possessed the expertise in employment and industrial law with ability to provide practical solutions to clients.”
  • “They are very professional and went above and beyond their duties,” says a corporate director. “They covered every legal aspect that was required and even helped us arrange specs in the US.”

Philippines | MVGS 

The Legal 500 Asia Pacific
Capital Markets  – Top Tier for 7 consecutive years since 2015; Tier 2 in 2014

Manuel Gonzalez – Recommended Lawyer for 8 consecutive years since 2014
Mark Vergara – Recommended Lawyer (2021)
Elmer Serrano – Recommended Lawyer (2018, 2021)
Gwyneth Ong – Next Generation Partner (2021); Recommended Lawyer (2015, 2021)
Janice Co – Rising Star for 2 consecutive years since 2020; Recommended Lawyer (2021)

  • “MVGS is active in a range of capital market transactions, acting for some of the biggest banks in the Philippines as well as advising private companies. The team has recently advised on IPOs, despite the challenging conditions produced by the Covid-19 pandemic.”
  • “Martinez Vergara Gonzalez & Serrano’s lawyers have ‘practical knowledge and a proactive approach’. The ‘driven and dynamic’ Manuel Gonzalez heads the department which includes Gwyneth Ong, who is ‘diligent and very easy to work with’.”
  • “While the team is relatively young versus other law firms in the industry, the MVGS team’s work is comparable with the more established firms. In every deals that we have done with them, the team has displayed maturity and expertise. They are also very accommodating. I can call them up anytime to consult.”
  • “MVGS team members are knowledgeable and accommodating. Provides good advices to clients. During negotiations, they can defend the position or preferences of the client and provide good workarounds if necessary.”
  • “‘Very personalized service. All work is closely supervised by competent partners of the firm.”
  • “The partner in charge of our relationship fiercely aligns with and protects our interest. There is a healthy sense of trust and respect that makes working with them second nature.”

IFLR 1000: The Guide to the World’s Leading Financial Law Firms
Capital Markets: Debt 2022 - Tier 1 firm for 2 consecutive years since 2021; Tier 2 firm in 2020
Capital Markets: Equity - Tier 2 firm for 2 consecutive years since 2021

Elmer Serrano – Highly Regarded for 4 consecutive years since 2019
Tephanie Gandia – Rising Star for 2 consecutive years since 2021

  • “Knowledgeable, agile, and extensive network”
  • “Speed, quality of advice, and regulatory contacts
  • Elmer Serrano: “ Client management, legal expertise and time deliver
  • Manuel Gonzalez: “Knowledgeable, solution-oriented, and able to close deals.”

International Financial Law Review

Elmer Serrano – Asia Best Lawyer 2021, 1 of the 2 exclusive recognized lawyers for Banking and Finance, Capital Markets and M&A in the Philippines 
Elmer Serrano – Asia Best Lawyer 2020, 1 of the 10 exclusive recognized lawyers in the Philippines 
Tephanie Gandia – Asia Future Leaders 2021, the only recognized lawyer in the Philippines

Thailand | Tilleke & Gibbins

Chambers Asia Pacific
Yaowarote Klinboon – Band 4 for 4 consecutive years

  • "Yaowarote is very strong for IPO capital markets regulations."

The Legal 500 Asia Pacific
Capital Markets 2023 – Tier 2 for 2 consecutive years

Yaowarote Klinboon – Next Generation Partner

  • “Dynamic law firm cultivating excellence through professionalism and attention to detail.”

IFLR 1000: The Guide to the World’s Leading Financial Law Firms
Capital Markets: Debt 2024 – Tier 3 for 5 consecutive years
Capital Markets: Equity 2024 – Tier 3 for 5 consecutive years

Vietnam | Tilleke & Gibbins

The Legal 500 Asia Pacific
Vietnam Firm of the Year 2021, Winner

Cambodia | Tilleke & Gibbins

Leading publications and rating agencies have yet to introduce rankings in respect of Capital Markets legal practice in Cambodia.

Tilleke & Gibbins is ranked in the following related practice areas.  

Chambers Asia Pacific
General Business Law 2023 – Band 2 for 3 consecutive years

Jay Cohen – Band 2 for 2 consecutive years
David Mol – Associate to Watch

The Legal 500 Asia Pacific
General Business Law 2023 – Tier 2 for 6 consecutive years

Jay Cohen – Leading Individual for 3 consecutive years
David Mol – Next Generation Partner for 6 consecutive years

IFLR 1000: The Guide to the World’s Leading Financial Law Firms
Financial and Corporate 2024 – Tier 2 for 4 consecutive years

Jay Cohen – Highly Regarded for 2 consecutive years
David Mol – Rising Star

Laos | Tilleke & Gibbins

Leading publications and rating agencies have yet to introduce rankings in respect of Capital Markets legal practice in Laos.

Tilleke & Gibbins is ranked in the following related practice areas.

Chambers Asia Pacific
General Business Law 2023 – Band 2 for 2 consecutive years

Dino Santaniello – Band 2 for 4 consecutive years

The Legal 500 Asia Pacific
General Business Law 2023 – Tier 1 for 6 consecutive years

Dino Santaniello – Leading Individual for 5 consecutive years

IFLR 1000: The Guide to the World’s Leading Financial Law Firms
Financial and Corporate 2024 – Tier 2 for 3 consecutive years

Santhapat Periera – Highly Regarded for 8 consecutive years
Dino Santaniello – Highly Regarded
Niti Muangkote – Rising Star
Saithong Rattana – Notable Practitioner

Myanmar | Tilleke & Gibbins

Leading publications and rating agencies have yet to introduce rankings in respect of Capital Markets legal practice in Myanmar.

Tilleke & Gibbins is ranked in the following related practice areas.

Chambers Asia Pacific
General Business Law 2023 – Band 4 for 4 consecutive years

The Legal 500 Asia Pacific
Corporate/M&A 2023 - Tier 2 for 8 consecutive years

IFLR 1000: The Guide to the World’s Leading Financial Law Firms
Financial and Corporate 2024 – Tier 3 for 6 consecutive years

Yuwadee Thean-ngarm – Highly Regarded for 5 consecutive years
Derrick Khoo – Rising Star Partner for 3 consecutive years
Nwe Oo – Rising Star for M&A