CNPLaw LLP advised a Singapore private real estate fund on its joint venture

CNPLaw LLP advised a Singapore private real estate fund on its joint venture

Deals and cases

 

CNPLaw LLP advised a Singapore private real estate fund on its joint venture


Date Published: 31 May 2020 


The team involved in the transaction: Ken Chia, Hazel Ho, and Muhammad Parasuram.




 

CNPLaw LLP (“CNP”) advised a local private real estate fund (“Client”) on its joint venture for a real estate investment project in respect of commercial and industrial property in Singapore. The joint venture leverages on the breadth of expertise of the Client’s group of companies to manage assets and property in Singapore. The target property is envisaged to be developed based on similar concepts and design established by the Client in the current property market.

 

CNPLaw’s Corporate Advisory Lawyers

Ken Chia Legal Partner at CNPLaw LLP image

Partner

Ken heads the Corporate advisory team in the firm and has an international focus in his corporate and M&A work and worked in business development positions with various subsidiaries of the Hang Lung Group in Shanghai and with Informa plc in Singapore.




Hazel Ho Senior Legal Associate at CNPLaw LLP

Senior Associate

Hazel main areas of practice include cross-border M&A, joint ventures, private equity and general corporate advisory. Hazel has advised various companies ranging from tech start-ups to blue-chip MNCs. She is recognised as a “Notable Practitioner” by IFLR1000 for 2019 and 2020.




Muhammad Parasuram is an Associate at CNPLaw LLP. He has advised clients from various industries, including F&B, healthcare and pharmaceutical industries, on corporate and compliance matters

Associate

Parasuram (Para) is an associate in the Corporate Advisory Practice Group. Para has advised clients from various industries, including F&B, healthcare and pharmaceutical industries, on corporate and compliance matters. Being fluent in Mandarin, he has also advised numerous clients from China and Taiwan.



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 dutiesderivative actionsshareholder oppressionmanagement deadlocksmanagement compensationdividend 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.





We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including: Hedge Fund, Private Equity Fund, Mutual Fund, Venture Capital Fund, Commodity Fund and Exchange Traded Funds (ETFs).