Krishna Ramachandra

Managing Director

Biography

Krishna Ramachandra is Managing Director of Duane Morris & Selvam LLP in Singapore and of Duane Morris & Selvam (Myanmar) Limited. He is head of the Corporate, FinTech and TMT Practice Groups. His practice includes M&A and capital markets, investments funds, private equity, financial technology and telecommunications, media and technology. Krishna also has significant experience in Myanmar, having worked in Myanmar for over five years.

Krishna advises issuers, fund managers, investment banks, venture capitalists, listed and private companies, start-ups and high net worth individuals in Asia, Europe and the U.S. on a wide range of equity and debt securities issuances, compliance and regulatory matters. His extensive experience in M&A and takeovers, private equity participation and exit strategies has led to his being regularly cited by the reputable directories as a leading lawyer.

He is regarded as one of the most highly recommended lawyers in the practice area of Capital Markets (Foreign Firms), Corporate and M&A (Local and Foreign Firms) and TMT (Local Firms) in Singapore by The Legal 500 Asia Pacific 2018 and Chambers Asia-Pacific, which regularly refer to "his creative yet practical and client-focused approach" and his "decisiveness and commerciality." Krishna is also recognized as a leading individual for Corporate/M&A (Domestic) in Singapore by Chambers Global 2018. In Myanmar, he is regarded as a leading lawyer in Corporate and M&A and a recommended lawyer in Projects (including Energy) by The Legal 500 Asia Pacific 2018. IFLR1000 2018 also named Krishna as a "Highly Regarded Lawyer" in Singapore Capital Markets. Krishna has a unique and remarkable record of being recognized as having a leading lawyer status in multiple jurisdictions and practice areas. His grasp of commercial issues in the corporate arena is a testament to this.

Krishna is a corporate lawyer with a very commercial approach. His practice develops according to the needs of his clients and currently due to Singapore's emergence as one of the world's leading FinTech hubs, he has more of a focus on the legal and regulatory advice relating to new financial technology business models, including crowdfunding, peer-to-peer lending platforms, blockchain technology, virtual and digital currencies such as BitCoin and Ethereum, e-wallet and trading platforms. As his clients' trusted adviser, Krishna has established himself as one of Singapore's "go-to" lawyers for FinTech, having previously achieved a solid reputation in the TMT space, particularly in relation to telecommunications.

Krishna regularly provides institutions and regulatory bodies with his insights and is particularly experienced in the fields of capital markets and private equity, where securitized token offerings are being designed with his input. Krishna is the Senior Advisor to the Global Blockchain Foundation.

"Krishna’s intellectual stamina and acute appreciation of commercial realities make him a formidable adviser – his ability to come up with creative, workable solution is second-to-none." -The Legal 500 Asia Pacific.

Krishna graduated from Christ's College, Cambridge with an LL.M. in Corporate Finance on a Freshfields Bruckhaus Deringer ("Freshfields") scholarship. He articled and qualified with Freshfields in London prior to relocating to Singapore with Clifford Chance. He subsequently joined Selvam LLC and is now Managing Director of Duane Morris & Selvam LLP.

Krishna is an Advocate & Solicitor of the Supreme Court of Singapore and a Solicitor of England and Wales. He previously sat on The Singapore Law Society's Corporate Practice Committee for M&A and Insolvency, Corporate Commercial Matters, and Listing Matters. He speaks regularly on a wide range of topics relating to M&A, corporate governance, listings, fund raising and establishment of an Asian presence at venues around the world. Born in Sri Lanka, Krishna speaks English and Mandarin.

Admissions

  • Singapore
  • England and Wales

Education

  • College of Law, London, Postgraduate Diploma
  • University of Cambridge, LL.M.
  • University of Leeds, LL.B. (Hons)

Experience

  • Duane Morris & Selvam LLP/ Selvam LLC
  • Clifford Chance LLP
  • Freshfields Bruckhaus Deringer LLP

Publication

Representative Matters

    Corporate M&A / Takeovers

  • Advised an Indian listed company on its takeover of a Singapore listed company.
  • Advised the board of Maveric Limited on its reverse takeover by private asset owners.
  • Advised British Telecommunications plc on the BT Wireless demerger and the subsequent listing of mmO2 on the London Stock Exchange.
  • Advised British Telecommunications plc on their proposed trade sale of Syntegra.
  • Advised the independent directors in relation to the voluntary delisting of Cathay Organisation Holdings Ltd. pursuant to Rule 1306 of the Listing Manual.
  • Advised Heineken on corporate regulatory matters.
  • Advised Sembawang Marine on their acquisition of certain key assets.
  • Financial Technology ("FinTech") and Cryptocurrencies

  • Advised Nogle Group on its investment in TNG (Asia) Limited and TNG Global Limited, two affiliated digital payment companies in Hong Kong as part of a US$115 million Series A funding to support the development and regional expansion of e-wallet technology.
  • Advised Vigilant Assets on the set up of its S$50 million fund catered towards investing into FinTech related businesses. The cornerstone investment is Jules Venture’s computing and coding business.
  • Assisted a local company involved in the operation of web portals, who have developed a platform facilitating transactions with merchants using bitcoin, in drafting a memorandum setting out whether their business would be regulated by the Payment Systems (Oversight) Act and the Money-changing and Remittance Businesses Act.
  • Assisted a company operating a cryptocurrency crowdfunding platform, who has completed an Initial Coin Offering (“ICO”), in preparing a legal memorandum in respect of responses to queries from the Monetary Authority of Singapore on whether its ICO or its business was regulated in Singapore.
  • Telecommunications, Media and Technology

  • Advised on the sale of Ncell (the market-leading Nepalese telecommunication operator) by TeliaSonera to Axiata, at an enterprise value of USD 1.37 billion.
  • Represented Dentsu Inc., a Japanese advertising and public relations company, in negotiating the licence for the media rights for the XXII Olympic Winter Games (2014) in Sochi, Russia, the Games of the XXXI Olympiad (2016) in Rio de Janeiro, Brazil and the II Summer Youth Olympics Games (2014) in Nanjing, China for 22 Asian countries and territories with the International Olympic Committee (IOC) and in drafting and negotiating a number of sub-licence agreements for those media rights with broadcast partners.
  • Advised a Singapore company on the transfer of its 65% shareholding in a Tanzanian company which holds various telecommunication licenses to a Vietnamese state owned enterprise for US$65 million.
  • Advised the selling shareholder of Timeturns Holding Ltd on the sale of its wholly-owned Cambodian subsidiary Latelz Company Ltd to Axiata Group Berhad, South-east Asia's second largest mobile phone provider, for US$155 million.
  • Advised Maxis Communications Bhd. on telecommunication infrastructure agreements.
  • Advised Morgan Stanley on worldwide technology regulatory issues.
  • Advised Corus and Usinor on setting up a multimedia-based trading exchange in Europe.
  • Advised Dentsu on various sport-related commercial agreements.
  • Advised FIFA on the sale of the US$500 million Asian media rights for the World Cup 2010 and 2014.
  • Provided advice on sports and media related regulatory matters to a variety of sports and media promoters including Nimbus Communications Limited.
  • Advised various sport-governing bodies in respect to the exploitation of their commercial and media rights.
  • Advised various companies including media promoters on a variety of sponsorship, licensing and merchandising deals.
  • Investment Funds / Private Equity and Islamic Finance Advisory

  • Advised a global real estate company and the fund manager on the establishment of a US$200-million private equity fund in India.
  • Advised Ascott Group Limited and the fund manager on the establishment of a US$500 million private equity fund (China).
  • Advised a U.S. investment bank on regulatory and licensing issues in Singapore.
  • Advised various hedge funds on establishment and compliance issues in Singapore.
  • Advised a private equity fund focused on real estate investments in ASEAN.
  • Advised a Middle Eastern fund on the setup of a sharia-compliant real estate fund.
  • Advised UOB Asset Management Limited on various funds related regulatory issues involving the Monetary Authority of Singapore.
  • Advised on the regulatory issues and the setting up of a trading exchange dealing in sharia-compliant royalty entitlement contracts (involving MAS and SGX).
  • Capital Markets (Equity and Debt)

  • Advised Jefferies & Co, global coordinator, on the first dual listing of a foreign entity (Omega Navigation) on the Nasdaq and Singapore Stock Exchange valued at over US$240 million.
  • Advised British and Malayan Trustees Ltd, as the trustee for Allco REIT, in relation to the initial public offering on the SGX of 321,255,000 units in Allco REIT, sponsored by the Allco Finance Group Limited of Australia.
  • Advised on the S$440 million listing of K-REIT Asia on the Singapore Stock Exchange by way of an introduction.
  • Advised DBS Bank Limited as manager, underwriter and placement agent in relation to the listing and quotation of Singapore Depository Shares, which represented equity shares in the capital of Varun Shipping Company Ltd. (India).
  • Advised on the US$1.6 billion international offering of subordinate notes issued by United Overseas Bank Limited under Rule 144A/Regulation S.
  • Advised Yellow Pages (Singapore) Limited on their S$213 million flotation on the Singapore Stock Exchange under Rule 144A/Regulation S.
  • Advised the underwriters on the Macquarie International Infrastructure Fund's $460 million IPO under Rule 144A/Regulation S.
  • Advised Otto Marine Ltd. on their successful IPO on the Singapore Stock Exchange in November 2008.
  • Advised on the US$-800 million IPO of ASTRO with international offering under Rule 144A / Regulation S (Malaysia).
  • Advised Kenetics Innovations Ltd. on its admission onto the Alternative Investment Market (AIM).
  • Advised Creative Technology on the voluntary delisting of its shares from the NASDAQ Global Market (NASDAQ).
  • Advised on the US$300 million convertible bond issued by Prime Venture (Labuan)/Genting Berhad (Malaysia).


In Singapore, Duane Morris Singapore LLP and Selvam LLC operate a Joint Law Venture serving clients throughout Asia, Duane Morris & Selvam LLP, pursuant to Licence 2/2010 granted by the Attorney General of Singapore. Selvam LLC lawyers may provide services to clients of Duane Morris & Selvam under secondment from Selvam LLC pursuant to Licence 2/2010.

Duane Morris LLP is a law firm based in the United States founded in 1904. We use "Duane Morris" to refer to Duane Morris LLP, a Delaware limited liability partnership, and affiliated entities that practice under the name Duane Morris or a similar name.

To the extent that the representative matters listed on this website above fall outside the context of “permitted areas of legal practice” within the meaning of Section 36A of the Legal Profession Act (Chap. 161), they have been conducted by the above named lawyer in his/her capacity as an Advocate & Solicitor of Selvam LLC, a Singapore law practice of the Joint Law Venture.