Banking
Overview
The Banking and Finance team at Lee & Lee is led by Louise Tan, a partner at Lee & Lee with 25 years experience. Louise has been named by Global Counsel 3000 as one of the leading experts in banking and finance in South and South East Asia. She was also named as a Recommended Lawyer in the Singapore section of Global Counsel Web's Leading Specialists in Corporate Real Estate: Which Lawyer? (previously known as PLC Global Counsel 3000).
The team's clientele includes local and foreign banks and financial institutions (operating in and out of Singapore), private and publicly listed corporations, both multi-national and local.
The Banking and Finance team is committed to offering clients clear legal advice, coupled with sound and commercially focused solutions. Close working partnerships with our colleagues in the Real Estate and Corporate teams of the firm enhances our team's ability to provide clients with comprehensive legal service.
Our Work
The Banking and Finance team advises on the full spectrum of loan and other debt-related transactions including: -
- project, asset and asset-backed financing
- financing relating to takeover offers
- syndicated / club loans
- cross border financing
- risk and funded sub-participations
- securitizations and sale of loans and receivables
- security arrangements and documentation
Case Highlights
- Represented various lending syndicates in respect of the financing and refinancing of the Millenia Project for an aggregate loan quantum of approximately $2.3 billion.
- Acted for Goldman-Sachs in its obtaining of transferable loan facilities of an aggregate amount for its purchase of DBS Towers One and Two, and completing the transaction in 3 weeks. Also acted for Goldman-Sachs in the negotiation of the syndication loan agreement for the syndication of the transferable loan.
- Acted for the Lenders, Arranger, Agent and Security Agent in respect of a term loan and a revolving credit facility of up to $290m to CDL Hospitality REIT for the purchase of the first 4 properties to be owned by the REIT.
- Advised a subsidiary of Wing Tai Holdings Limited to finance its development of a residential-cum-commercial project at the former Cockpit Hotel site.
- Advised a subsidiary of Wing Tai Holdings Limited in respect of the financing of its project Kovan Melody.
- Acted for a subsidiary of United Engineers in respect of the financing of its project at One-North to develop an integrated site comprising a business hotel, residential blocks and commercial facilities.
- Advised a subsidiary of Wing Tai Holdings Limited in respect of the financing of Draycott 8.
- Acted for a subsidiary of Wheelock Properties in respect of its financing of a project along Ardmore Park.
- Acted for a borrower with respect to land and construction loan facilities of an aggregate amount of $166.72m to be used to finance the land cost and the construction cost of a residential and office development.
- Advised on the financing of Temasek Holdings $710m hostile bid for United Overseas Bank's property arm.
- Represented a major telecommunications company in Singapore in its financing aggregating $650m.
- Represented the Lenders in respect of a $600m financing to one of Asia-Pacific's leading energy utility companies
- Acted for a listed borrower with respect of the documentation of an unsecured term loan facility of an aggregate amount of $180m to refinance its existing short term bank borrowings and for general corporate funding.
- Acted for a borrower with respect of the documentation of revised loan facility of an aggregate amount of $163m granted by several banks and secured by debentures made in favour of each bank, a mortgage, a postponement of mortgage and a pari passu deed.
- Advised the Bank of Scotland in the amendment of senior and mezzanine facility agreements to increase their respective amounts and represented the Lenders in the taking of various local law securities in relation to the acquisition of the Singapore entity in a global group of companies. Acted for a Singaporean borrower in a Japanese syndicated loan and advised the foreign lenders on the capacity of the Singapore borrower.
- Acted for the Citicorp USA Inc led syndicate of lenders in the Singapore chapter of their financing to Exide Technologies, involving the Exide group of companies.
- Representing foreign lender in the taking of various local law securities in relation to a multi-tranche credit facility agreement to a global group of companies.
- Advised on the enforceability of a US$150m dollar loan agreement with an offshore bank in Singapore.
- Acted for NTUC Income Insurance Co-operative Limited in respect of their capital guaranteed insurance-linked product, the Dynamic Guaranteed Fund.
- Advised Standard Chartered Bank on the provision of Identrus services (involving an electronic network for business-to-business e-commerce) in Singapore.
- Acted for the Singapore branch of a foreign bank in its setting up of a programme involving debt purchase financing and preparing the relevant standard forms.
For more information please contact:
Louise Tan