M Rajaram

Presently, there are only a small handful of 856 CMS licensees in Singapore, as it is a financial institution status that is heavily regulated by the Monetary Authority of Singapore (MAS). We assisted by conducting high-level legal due diligence, drafting and reviewing the term sheet and sale and purchase agreement for the transaction, and applied for approval to obtain effective control of Target as the holder of a CMS licensee under the regulations. As the MAS is strict with the structural ownership and statutory requirements of CMS licensees, this exercise involved heavy correspondence with the MAS.

Advising on strategy and regulatory issues for each licensed activity and MAS application for operating additional activities. Involves heavy correspondence with MAS.

Advising on a Sri Lankan-based REIT deal owned by a family office. The transaction involves a family office-owned complex REIT structure for real estate assets located in 4 different jurisdictions for the hospitality industry. Advising on pre-REIT structure, assisting with setting-up the structure, transaction documents, and working with local counsels.

Advising shareholders on different classes of shares created within the parameters of a tax efficient structure provided by company's tax advisors. The equity value of the target is around US$780 million. The target is a leading provider of technology-driven content and data solutions. The group has over 17,000 employees in 15 locations.

Client holds a license issued by the Financial Conduct Authority of UK with branches in Singapore and Geneva. Advising on the expansion of business in Singapore and structure of the purchase, key terms of the commercial arrangement and applications to MAS for approval of purchase. This includes conducting high-level legal due diligence and assistance with transaction documents for the purchase.