Singapore's WongPartnership forms alliance with Malaysian boutique
Singapore law firm WongPartnership has formed an alliance with Malaysian boutique outfit Foong & Partners with a view to boosting its presence in South East Asia. The firm, which earlier this year decided against a merger with King & Wood Mallesons, wants to ramp up its capabilities in the Asean region due to the vast potential for mandates relating to projects, real estate, inbound and outbound investment and private equity.
November 12, 2013 at 12:19 AM
2 minute read
Singapore law firm WongPartnership has formed an alliance with Malaysian boutique outfit Foong & Partners with a view to boosting its presence in South East Asia.
The firm, which earlier this year decided against a merger with King & Wood Mallesons, wants to ramp up its capabilities in the region due to the vast potential for mandates relating to projects, real estate, inbound and outbound investment and private equity.
The tie-up will see the two firms work together on Malaysian deals and pitches, and co-market themselves as much as legislation allows, but they will remain separate entities.
It follows a similar move by rival firm Rajah & Tann, who in July joined forces with local Malaysian outfit Christopher & Lee Ong in order to secure a presence in the country.
"Our goal is to be the dominant firm in the ASEAN region," said Rachel Eng, joint managing partner at WongPartnership alongside Wai King Ng.
"Out of Singapore we already do a lot of cross border work, but we want to be more prominent in the ASEAN countries. We are also looking at the other South East Asian markets. We are interested in Indonesia and Myanmar."
Founded in 2003, Foong & Partners is a four-partner firm based in Kuala Lumpur and specialising in high-end corporate, commercial, capital markets and corporate finance work.
Three of the partners joined from Malaysia's largest private law firm Zaid Ibrahim & Co, including managing partner Foong Chee Meng who started his practice with Baker & McKenzie in Sydney.
Key mandates include advising major Malaysian infrastructure projects, real estate projects and concessions involving land swaps and privatisations. It has also acted for large listed companies on debt and corporate restructuring, and investments into and out of Malaysia.
With the influx of foreign firms into Singapore, WongPartnership is one of the 'big four' firms in the city-state currently eyeing opportunities in new markets in addition to more cross border work.
It currently has four offices outside of Singapore located in Shanghai, Beijing, Abu Dhabi and Qatar, whilst it also has Japan and India practices.
Related: Singapore leader Rajah & Tann seals alliance with triple merger of Malaysia firms
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