First published on 26 July 2021. The Ministry of Law announced on 21 June 2021 that it would extend third-party funding to newly prescribed categories of legal proceedings, including proceedings in the Singapore International Commercial Court (“SICC”) and related mediation proceedings (“New …
Insights
Reits should be careful with trust schemes of arrangement
First published in The Business Times on 1 July 2021. Our lawyers, Jaryl Lim and Lim Ming Yi, were recently asked by The Business Times to comment on the viability and legality of trust schemes of arrangements for REITs-restructuring purposes. This came after they had recently represented a …
Soilbuild Business Space REIT – Singapore High Court weighs in on REIT Trust Schemes and Potential Prejudices of the One-Proxy Rule
First published on 27 April 2021. Trust schemes have become an increasingly popular means in recent years to effect the acquisition and privatisation of REITs and business trusts. The ‘one-proxy’ rule is often used in trust scheme meetings in order to bind unitholders – including custodian …