Date Published: 28 August 2017
The Team Advising On The Transaction: Lisa Theng, Kenn Lim, and Joey Ho.
CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP, advised Edmund Tie & Company (SEA) Pte Ltd in connection with its joint venture with OrangeTee Holdings Pte Ltd to set up a joint venture company. As part of the agreement, both companies will be transferring their 100%-owned associate agencies – respectively Edmund Tie & Company Property Network Pte Ltd and OrangeTee.com Pte Ltd – into the joint venture company. Moving forward, the two associate agencies will be operating under a single name: OrangeTee & Tie Pte Ltd, with a combined force of over 4,000 associates, making it the third-largest real estate agency in Singapore.
CNPLaw’s Corporate Advisory and Joint Venture Lawyers
Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the company. However, this is rarely the case when individual interests are factored into the equation.
Stakeholder conflicts (regarding issues such as breaches of fiduciary duties, derivative actions, shareholder oppression, management deadlocks, management compensation, dividend payments and buy-outs) can be a thorny issue and can leave a company crippled if not addressed promptly.
Given the diversity of interests at play, we appreciate that a multi-faceted approach is usually the most cost-efficient method of resolving stakeholder conflicts. Therefore, we provide clients with ready access to an integrated team of lawyers (combining the experience of our corporate, dispute resolution and employment law practices where applicable) who will effectively engage the relevant stakeholders in discussions on how best to resolve their differences amicably.
More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.
There are numerous commercial drivers behind the rising popularity of joint ventures as a business/investment structure, including obtaining access to new markets within and across jurisdictions and harnessing the synergies of complementary skill sets.
By advising on how the joint venture should be structured along with related issues, such as the sharing of intellectual property and tax considerations, and documenting the terms of the party’s collaboration, our corporate lawyers help drive your joint venture ideas forward.
We continue to provide support to the joint venture throughout the course of its lifespan by preparing service agreements and other commercial agreements relevant to its operations.
In addition to offering legal insights, our lawyers are experienced at advancing our clients’ interests while being attuned to the ongoing and developing relationship between the respective parties. This contributes towards fostering a spirit of trust which is the cornerstone of any successful joint venture.
CNPLaw’s Real Estate practice has the expertise, experience and resources to handle work spreading across the residential, commercial and industrial asset classes, and to advise on all aspects of property transactions in Singapore. Our major clients include multinational corporations (MNCs), small and medium-sized enterprises (SMEs), property developers, construction companies, property funds, property-holding entities, asset managers, family offices, non-profit organisations, real estate investment trusts (REITs), as well as government agencies.