Law and Practice of Corporate Finance in Singapore, 2nd Edition
This book aims to explain the law and practice of corporate finance in Singapore to business professionals and lawyers. Initially developed from the teaching materials for a course at the NUS Law School by two of the co-authors of the first edition of this book, this book introduces the reader to the basic forms of corporate finance, the sources of law and evolution of the regulatory landscape in Singapore, with reference to key market events such as the 2008 global financial crisis.
This book covers the nuts and bolts of finance and financial theory, updates on key legislation governing our capital markets, the law relating to private and public offerings, key documentation involved in the capital-raising process, and the types of financial crime.
1. Evolving regulations targeting digital capital markets products, addressing new risks arising from such products; new digital technologies enabling new products and distribution channels; legal and governance issues relating to digital capital markets products;
2. Increasing focus on green finance, sustainability reporting, climate risk, and transition to low-carbon economy. New continuing listing obligations;
3. Updates on key legislation such as the Securities and Futures Act 2001 and key new legislation, namely: Variable Capital Companies Act 2018, Financial Services and Markets Act 2022; implications on fund management industry; and key new corporate governance case studies;
4. New and enhanced powers of SGX and SGX RegCo and MAS, addressing new and emerging risks and trends; and
5. Additional business conduct requirements for corporate finance advisers, and risks of emerging technologies eg AI tech, algorithms, in business operations.
Chapter 1: Introduction Chapter 2: Nuts and Bolts of Finance and Financial Theory Chapter 3: Genesis of the Regulatory and Legislative Environment Chapter 4: The Legislative and Regulatory Regime Chapter 5: Nature and Types of Equity Chapter 6: Ownership, Transfer of Shares and Capital Maintenance Rule Chapter 7: Nature and Type of Debt Capital Chapter 8: Private Equity and Venture Capital Chapter 9: The Listing Process and Post-IPO Capital Needs Chapter 10: Key Documents Pre- and Post-IPO Transactions Chapter 11: Alternative Capital-Raising Methods in the Digital Age Chapter 12: Financial Crime Chapter 13: Sustainability in Corporate Finance
Ch’ng Li-Ling heads RHTLaw Asia LLP’s Financial Services (Regulatory) and Technology Practice and co-leads its Sustainability Practice. Previously heading the firm’s Capital Markets Practice, she has been deeply involved in all legal aspects of the practice of corporate finance in both public and private markets. Li-Ling is Council Member of RHT G.R.A.C.E. Institute, a non-profit organisation dedicated to training and development of governance, compliance and ethical issues, and a co-anchor host of the podcast EthBeats: Lessons in G.R.A.C.E.ful Living.
Yang Eu Jin co-heads RHTLaw Asia LLP’s Corporate & Capital Markets Practice and leads its Education Industry Group. With over two decades of experience advising public-listed companies and companies aspiring for a public listing, he has been involved in many seminal IPOs in Singapore. Eu Jin is also Council Member of RHT G.R.A.C.E. Institute, a non-profit organisation dedicated to training and development of governance, compliance and ethical issues, and a Board Member of ONERHT Foundation, the charitable arm of the ONERHT Group.