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Notable
Recent Transactions |
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Harry Elias Partnership
LLP assisted its clients in the following transactions:- |
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- Harry Elias Partnership LLP acted for Janus Corporate Solutions Pte. Ltd (Janus), a leading provider of secretarial and other corporate services in Singapore, in successfully setting aside an injunction obtained against them which had required Janus to remove marketing materials it had published on the internet. The substantive claim involved allegations of defamation, conspiracy, unfair trading and inducement of breach of contract.
- Harry Elias Partnership LLP has successfully defended Raffles Town Club’s two founding shareholders, Mr. Lawrence Ang and Mr. William Tan in a High Court suit commenced by the Raffles Town Club Pte Ltd (RTC). The suit involved a multitude of claims including allegations of breaches of fiduciary duties, circumvention of sections 162 and 403 of the Companies Act, conspiracy, misfeasance and misapplication of RTC's funds. The trial of the suit lasted 82 hearing days, the longest civil trial in the history of Singapore. RTC's claims were dismissed in their entirety by the High Court. This latest suit adds to the Firm's growing list of the Practice of Firsts.
- Harry Elias Partnership LLP advised Mainboard listed Eagle Brand Holdings Limited (Eagle Brand) in its successful divestment of its equity interests in its key subsidiaries to a PRC state-owned assets investment management company for a total consideration of approximately SGD102 million. The interested person transaction involved five sale and purchase agreements and a capital reorganisation exercise which included a capital reduction and a capital distribution to the shareholders of Eagle Brand.
- Harry Elias Partnership LLP acted as Singapore counsel in an acquisition exercise by Schlumberger SA (a leading worldwide supplier of technology, integrated project management and information solutions to customers in the oil and gas industry) of Geoservices SA, a privately owned French oilfield services company specialising in mud logging, slickline and production surveillance operations for a total consideration (including net debt) of SGD1,070 million.
- Harry Elias Partnership LLP recently acted for the Develica group, in the successful sale of Develica APS 100 Pte Ltd, a special purpose vehicle which owns One Finlayson Green, the prime office building located in Singapore’s financial hub. The transaction was undertaken though the sale and purchase of existing shares from the Develica group and debt restructuring for a total consideration of SGD145 million and involved multi jurisdictions spanning 7 countries and three international banks. Develica group is a UK-based cross-sector real estate fund with a specific focus on opportunistic investment and property development in UK, Germany and Asia Pacific.
- Harry Elias Partnership LLP successfully defended Triple 8 Enterprise Pte Ltd, a leading lifestyle and entertainment industry player, against trademark infringement and passing off action initiated in the Singapore High Court.
- Harry Elias Partnership LLP represented Indonesian Shipowners in two related Arbitrations under the LMAA (London Maritime Arbitrators Association) terms and successfully claimed against charterers for dead freight, interest and costs arising from various breaches of the terms of the floating cranes contract.
- Acted for a leading leisure developer Sentosa Development Corporation in respect of the drafting, negotiation and execution of the agreement in relation to the 2009 to 2012 editions of the Barclays Singapore Open which encompassed intricate arrangements involving cash and venue sponsorship; assignment of broadcast, marketing and intellectual property rights; and mechanisms for commission payment The Barclays Singapore Open is a premier world-class professional golf tournament held at Sentosa Golf Cub.
- Harry Elias Partnership LLP has represented CEVA Freight (Singapore) Pte Ltd in the sale and lease back of a property at 15 Changi South Street Avenue 2 in Singapore to Mapletree Logistics Trust (MLT) for a consideration of SGD34 million.
- Acted for Equinox Offshore Accommodation Limited (EOAL) in respect of the issue of USD34.4 million 20 per cent senior secured callable bonds due 2010. EOAL is a Singapore-based company listed on the over-the-counter market in Oslo, Norway and is active within the oil and gas industry.
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