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India Desk

Overview

India - Singapore trade has more than doubled between 2003 and 2005. Bilateral trade grew by 41.3 % from S$11.75 billion in 2004 to S$16.60 billion in 2005. In recognition of such potential for growth as a consequence of the India-Singapore Comprehensive Economic Cooperation Agreement (CECA), Lee & Lee has established an India Practice Group with a view to assisting clients who have investments in, trade with or business ventures in India or who are interested in participating in the rising Indian economy or pursuing any legal remedies in India. The India Practice Group is similarly able to assist clients from India who wish to do business in Singapore, Indian companies who wish to seek a listing on the Singapore Stock Exchange and who establish joint ventures with Singapore and other companies, or who wish to pursue judicial remedies in Singapore.

Our Work

We set out below a sampling of our casework:

  • Preparation of legal diligence reports.
  • Setting up of branch, representative or branch offices, incorporation of companies or joint ventures in India
  • Applying and obtaining required clearances, approvals and registrations from Central and State governments, municipal and local authorities.
  • Representing Singapore and international clients before regulatory authorities in India.
  • Entering the Indian capital market.
  • Instituting and conducting legal proceedings in Indian courts and tribunals.
  • Acquisitions of and mergers with Indian businesses.
  • Development of real estate projects.
  • Setting out terms and preparing employment contracts.
  • Bidding for public sector undertakings in the process of privatisation.
  • Bidding for infrastructure projects.
  • Participation in Public-Private-Sector projects.
  • Launching of Indian Foreign Currency Convertible Bonds on the Singapore Stock Exchange.
  • Litigating for Indian clients in Singapore including recognition and enforcement of arbitral awards.
  • Applying and seeking exemptions from regulatory authorities.

Some Case Highlights

  1. Acted for a Singapore corporation in respect of a Clearing Member - Constituent Agreement for trading in futures in the National Stock Exchange of India (NSE), Mumbai.
  2. Advised an American manufacturer of dietary supplements of the legal and regulatory regime in India in respect of 14 dietary supplement products proposed to be marketed in India.
  3. Acted for a Japanese MNC against one of the largest public sector undertakings in India in an arbitration relating to disputes under an international agreement of sale governed by Indian law.
  4. Advised and acted for an Indian MNC in relation to repudiation by a Singapore company of an international sale agreement for the supply of goods from China.
  5. Acted for an Indian company in launching Foreign Currency Convertible Bonds (FCCB) on the Singapore Exchange.
  6. Advised a regulatory authority in Singapore on Islamic law of banking and finance and how some Islamic banking products may be launched within the existing legal framework.
  7. Advised a number of professional and business associations on the legal regime and incentives for foreign direct investements in various sectors especially in the construction industry.
  8. Collaborated with the Associated Chamber of Commerce and Industry of India (ASSOCHAM) in an International Conference on "Arbitration: The Indian Experience and Global Trends."

Profiles of India In-house Legal Counsel
Professor (Retired) Lakshmikanth Rao Penna, B. Com., LL.B., LL.M. (Osmania), LL.M. (Stanford), D.I.&C.H.R. (Strasbourg), FSiArb (Singapore).