|Bingham McCutchen has bolstered its global cross-border capabilities in Japan and Asia with the addition of Christopher Wells and Tomoko Fuminaga as partners in the firm’s investment management group. Wells and Fuminaga, who headed the investment funds and regulatory team at White & Case, significantly augment the firm’s investment management and financial regulatory strengths internationally. A leader in investment funds and regulation in Asia, Wells focuses on the establishment, operation, registration and licensing of funds and fund-related investment intermediaries in Japan, including banks, securities companies, asset managers, investment trust management companies and moneylenders. On the other hand, Fuminaga advises banking, securities and asset management companies on Japanese financial regulatory matters and corporate law. She has deep experience structuring investment funds and registering them in Japan. Wells and Fuminaga also represent a wide range of financial services and other clients on cross-border M&A and regulatory matters.
Stamford Law has appointed Daniel Yong as a director in the corporate team. He joins from Norton Rose Singapore where he was a corporate partner. He started up and led the office’s investment funds practice and spearheaded its development. Yong is experienced in fund formation, cross-border M&A and private equity work, working for a wide variety of clients in the finance, real estate, energy and infrastructure sectors. His recent experience includes establishing a US$1 billion private equity fund investing in PRC real estate assets and a US$150 million clean energy fund. He also regularly advises on licensing requirements under the Securities and Futures Act for fund managers, other capital markets services providers and clearing houses. Yong is admitted to both the Singapore and the English bar and, prior to entering private practice, was a state counsel and deputy public prosecutor with the Attorney-General’s Chambers in Singapore.
Stamford Law has also appointed Lim Sin Teck as a director in its corporate practice. He joins from White & Case where he was a counsel in their banking, capital markets and restructuring practice group in Asia. He is qualified to practice in New York, England and Wales and Singapore, and has an MA (Cantab) degree from Cambridge University. Sin Teck specialises in advising issuers and underwriters in all aspects of global capital markets transactions (including bonds and high-yield bonds, MTN programmes, equities and equity-linked securities such as convertible bonds), pre-IPO financings, debt restructurings, corporate finance and liability management matters. He has advised on some of the largest capital markets transactions in Southeast Asia, including, most recently, the approximately US$2 billion IPO of BTS Rail Mass Transit Growth Infrastructure Fund, Thailand’s largest IPO to date.
New Decree on special preferential import/export tariffs under the CPTPP
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SCA issues guidelines for financial institutions on anti-money laundering
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Update on Stamp Duty regulating electronic transactions
A new notification requires parties who enter certain electronic transactions to pay stamp duty in cash.