Public companies

As a publicly traded company, your business has already been hugely successful. That success brings with it responsibility, particularly to your shareholders, to go on producing excellent results. To keep growing you need to consolidate what has already been achieved, but also seek out new opportunities and markets.

Economics of scale

Staying efficient is a major challenge facing large companies. As you operate in more locations with more employees and partners, it’s important to get the right structures and agreements in place to protect your business. There will be commercial contracts, real estate deals, tax considerations, regulatory issues to consider. From time to time you may need to restructure; perhaps to acquire or dispose of assets.

Change is not always easy to implement in a public company. There is a natural tension between risk-takers and those who argue that ‘this is the way we’ve always done it’. Shareholder activism is affecting many public companies, as stakeholders take a vocal interest in board appointments and decisions. Steering the course towards the best possible results needs good judgment and strong leadership.

A one-stop shop

Like you, we are a large and growing business that offers exceptional service. With lawyers in 16 offices around the world focused on corporate, employment, intellectual property, real estate, finance, litigation, tax and reputation management, we understand all your legal needs and can work closely with senior executives or in-house counsel to meet them.

Our advice covers everything from contracts to corporate structures and governance. Our dedicated corporate tax team will consider your local and cross-border tax planning strategies, and we have in-depth experience of regulatory matters including competition/antitrust, data privacy, anti-corruption legislation and consumer laws.

Whatever stage you are at in your journey as a public company, from IPOs to M&A, we can advise.

For further help or information

Get in touch

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Recognition

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Withers is a valued advisor for our Asia-Pacific operation, and has represented us on some major projects, including our JW Marriott hotel in Singapore and three W hotels across Australia. The firm’s hospitality team is market leading, with deep knowledge of the hotel industry.

Karin Trantallis - Marriott International
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I have worked with Farhana on three different transactions and the fact that we continued to go back to her says it all for her professionalism, responsiveness and coolness under pressure. I enjoyed working with her and would definitely recommend her.

Chong Chow Pin, CFO - Innovalues Holdings Pte Ltd
‘‘

Withers has delivered positive results for us in three significant disputes resolved through arbitration. In each instance, the Withers team has delivered a great service along with a well-defined strategy for pursuing each matter.

Makstil

Meet the team

Track record

TMT Asia Ltd v BHP Billiton Marketing AG & Anor

We acted in the High Court of Singapore in disputes relating to market manipulation and freight forwarding agreements, and involving violations under the Securities and Futures Act (Cap. 289) and successfully resisted a striking- off application

LG Electronics Inc

Our Singapore team successfully acted for LG Electronics Inc. in a trade mark opposition filed by headphones manufacturer Beats Electronics, LLC against the registration of the mark 'QuadBeat' before the Intellectual Property Office of Singapore, securing a favourable decision.

Russian engineering firm

We represent a substantial Russian engineering business, recently advising on the international tax aspects of its group restructuring prior to IPO.

A public chemical company

We represented a US$6 billion public chemical company in a US$1.25 billion term loan and its commercial paper program. Corporate and corporate tax lawyers from Greenwich, New York and New Haven worked on these matters.

Stock issuance to a Canadian asset management firm

We represented a public company and one of the world's largest manufacturers of graphite and carbon-based products in its US$150 million convertible preferred stock issuance to a Canadian asset management firm, followed by a tender offer and merger with a value of US$695 million pursuant to which the Canadian firm acquired the company and the company went private.

Renault on the acquisition of Lotus F1

We advised Renualt on its €1.5 billion investment in motorsport and technology. This was a multi-jurisdictional and multi-party project involving Mr Bernie Ecclestone, CVC, FIA, key sponsors of Lotus, incoming and outgoing drivers of Lotus F1 as well as outgoing minority shareholders.

Hitachi Chemical

We advised Hitachi Chemical, in its investment in Ito Group Holdings, a Singapore limited exempt private company and its US, Chinese, Vietnamese, Thai, Indian and European subsidiaries. The acquisition is part of the company's expansion efforts to capture demand from emerging countries and other target markets for its products which range from functional materials to advanced components and systems and have applications in the automotive, energy storage, electronics and diagnostics industries. Hitachi Chemicals is a division of Hitachi Ltd, the highly diversified Japanese multi-national conglomerate listed on the Tokyo Stock Exchange.

London Stock Exchange quoted Kazakh Company

We advised a main London Stock Exchange quoted Kazakh Company on issues arising in connection with a Luxembourg listed USD$200 million convertible bond issue and mandatory convertible bond.

AES Corporation, Aquila and El Paso

We advised AES Corporation, Aquila and El Paso on various power projects, including project company acquisitions and disposals in the United Kingdom, eastern Europe and Africa on the following projects:<br /> <br /> Aquila in connection with its $2.1 billion acquisition of Midland Electricity plc; <br /> <br /> and El Paso on the disposal of its minority interest in the Kladno power project in the Czech Republic and its exit from a power project in Fife, Scotland.

Deutsche Bank

We advised Deutsche Bank on a loan of £10 million secured on a collection of silver.

Metaltech plc

We acted as counsel to Metaltech plc on disposals of its international steel businesses and financing arrangements with secured creditors.

Radicle Projects Plc

Radicle Projects Plc is an investor in Australian agribusiness projects, including bio forests and energy crops. We advised on Radicle Projects Plc's convertible debt offering of and listing on Luxembourg Stock Exchange's Euro-MTF market.

€123.5 million loan to finance a hydroelectric power plant

We represented a multilateral agency on a €123.5 million loan to Hrvatska Elektroprivreda DD to finance the construction of a 68MW Ombla hydroelectric power plant at the Rijeka Dubrovacka Bay near Dubrovnik.

EPC contract advice to retro-fit coal fired power stations with 'green' technology

We advised an American specialist engineering contractor on EPC contracts to retro-fit existing coal fired power stations with 'green' technology. These contracts were based on various FIDIC, NEC3 and bespoke terms. We also offered additional advice on joint venture arrangements with other specialist contractors.

IPO for Hightex Group

Hightex Group is a UK, Swiss and German membrane and renewable energy company. Withers has acted for Hightex Group on their IPO on the AIM market. We have also advised Hightex Group on their reverse takeover of West 175 Media Group Inc., the acquisition of HighTex International (HTI) AG, and on the acquisition of SolarNext AG, a German company active in the solar and alternative energy sectors.

Ariston Thermo SpA acquisition of a UK distributor of boilers

Ariston Thermo SpA is one of the world's leading manufacturers of boilers, burners and solar thermal equipment, with a current turnover of €1.1 billion, they have 6,500 employees and are present in 10 countries with 18 production sites and distribute their products in over 150 countries. Withers have advised on the acquisition of a UK distributor of boilers on Ariston Thermo SpA's behalf.

International Marine Services Pte. Ltd purchase of marine logistics business

International Marine Services Pte. Ltd ("IMS") is a subsidiary of Scomi Marine Berhad, a company listed on the Main Board of Bursa Malaysia. Withers acted for IMS in respect of its approximately USD$170 million loan from a major offshore bank, which was taken in connection with the purchase of the entire marine logistics business from Chuan Hup Holdings Limited for SGD$570 million in Singapore.

Purchase of a SG$402 million commercial complex

We acted for a wholly-owned subsidiary of a Singapore listed company in the purchase of a commercial complex with an acquisition value of SG$402 million, and the related syndicated loan of SG$309 million to finance the purchase in Singapore.

€40 million loans to Sogefi

Sogefi are a manufacturer of components and filter systems for the automotive industry. We acted for Sogefi in relation to two loans of €40 million in total, which were made by a major bank to finance their research and development programme.

Ukranian company bond issue

Faced with a bond issue on the Channel Island stock exchange, we advised a Ukrainian company on how to proceed and retain their financial position.

Multijurisdictional tax advice to Aboitiz Equity Ventures

We are the lead tax advisors for Aboitiz Equity Ventures who are one of the largest Philippines multi-national that is listed on the Philippines Stock Exchange. We advise in relation to its energy, banking and finance, food, land and infrastructure investments across Singapore, Philippines, Vietnam, Indonesia and other areas in the region.

Japanese tax advice to Hitachi Ltd

We provide tax advice to Hitachi Ltd and its wholly-owned subsidiary Hitachi Appliances, Inc. in connection with its entering into a joint venture of Hitachi's global heating, refrigeration, and cooling lines of business, with Johnson Controls.

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