Date Published: 29 March 2022
CNPLaw LLP (“CNP”) acted for the majority founder-shareholders of Eagle Eye Centre Pte Ltd (“EEC”), the largest private ophthalmology chain in Singapore with presence in Singapore and Vietnam, in their divestment of a majority equity stake in EEC to Health Management International Pte Ltd (“HMI”), a growing regional private healthcare provider with presence in Singapore, Malaysia, Indonesia and now, Vietnam.
The transaction was completed in December 2021 and marks the start of a partnership which strengthens HMI and EEC’s market positions, expansion and synergies in Southeast Asia.
CNP represented, among others, Dr. Julian Theng, Group Chairman and Medical Director of EEC, and Ms. Lee Ai Ling, Managing Director of EEC.
Ms. Lee Ai Ling praised the CNP legal team for their sound commercial advice, attention to details and steadfast support throughout the transaction. Ms. Lee added: “The sellers were really assured and comforted by the fact that the CNP team was always available whether via a phone call, a Zoom call or through WhatsApp messages.”
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.
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More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.
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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.
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