CNPLaw LLP advised ADERA AI on its joint venture with BreadTalk Group

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CNPLaw LLP advised ADERA AI on its joint venture with BreadTalk Group


Date Published: 1 December 2020 


The CNP team comprises: Ken Chia, Hazel Ho and Yeoh Tze Ning.




CNPLaw LLP (CNP) advised Singapore-based technology services group, ADERA AI on its joint venture with recently delisted food and beverage (F&B) player, BreadTalk Group.  

The joint venture provides significant opportunities for ADERA AI to introduce and deploy its fintech and digital solutions to BreadTalk Group’s established F&B businesses. It comes amid the Covid-19 pandemic where technology has become an essential tool to overcome operational challenges and enhance business agility. Specifically, the joint venture will develop innovative fintech and digital solutions targeted at small and medium-sized enterprises and set up a blockchain-based supply-chain financing platform with digitalised processes and document automation. 

 

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’s practice focuses on cross-border M&A, joint ventures, private equity and general corporate advisory. She has over 10 years of experience working in-house and in private practice. Hazel has been recognised as a “Notable Practitioner” for Corporate and M&A practice by IFLR1000 in 2019, 2020 and 2021. Hazel is also named in the Singapore Business Review as one of Singapore's 21 most influential lawyers aged 40 and under in 2020.




    Yeoh Tze Ning Associate at CNPLaw LLP
    Associate

      Tze Ning is an associate in the Corporate Advisory Practice Group. Her main areas of practice include general corporate advisory, mergers and acquisitions, private equity and joint ventures.Tze Ning holds a Bachelor of Laws from the National University of Singapore. She is also a SIMI-accredited Mediator.



      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.