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Corporate Lawyers |

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Partner
Corporate
gerald.singham@rodyk.com
+65 6885 3644
Acted on behalf of Japan Airlines International Co Ltd and American Airlines Inc (the "Joint Applicants") in their Notification Application for Decision to the CCS under s.44 of the Competition Act (Cap. 50B) with respect to their Joint Business Agreement and Alliance Agreement (the "Agreements"). These Agreements were cleared by CCS on 7 April 2011. The CCS' clearance decision allows the Joint Applicants, as members of the oneworld alliance, to implement the Agreements in relation to Singapore, boosting their level of cooperation on the operation of transpacific routes between Singapore and United States via Japan. The Agreements enable the two carriers to work together to optimise and expand their product offerings and quality of service to air passengers, providing enhanced and more effective competition against other global airline alliances. After nearly four months of deliberations and intense scrutiny of submissions and arguments submitted on behalf of the Joint Applicants, the CCS issued their official clearance of the Agreements on 7 April 2011, concluding that the Agreements result in net economic benefits to competition in Singapore and are thus excluded from the s.34 prohibition of the Competition Act.
Acted for Norwegian Apply AS, a leading provider of technology, engineering and construction services for the international oil and gas industry, and its subsidiary, Apply Leirvik AS, a leading provider of aluminium-based Living Quarters (LQ) for the offshore market, in the acquisition of 50% equity interest in the Aluminium Offshore group of companies, which comprise of Aluminium Offshore Pte Ltd, Aluminium Structures Pte Ltd and two Brunei companies, and in the establishment of a joint venture company between Apply Leirvik AS and the founders of the Aluminium Offshore group of companies. The joint venture will allow Apply to establish a world class capability in Asia to develop and deliver modular, aluminium Living Quarters.
Acted as Singapore counsel to AIG, advising it on Singapore regulatory and competition issues relating to the proposed sale of its Asian life insurance arm to Britain's Prudential for S$50 billion.
Acted for WNS (Holdings) Limited, a leading provider of global BPO (business outsourcing process) services, in its transaction with Aviva, the world's fifth largest insurance group with US$95 billion revenue in 2007. The transaction comprised a share sale and purchase agreement, backed by a master services agreement, to acquire Aviva's offshore BPO operations. The total purchase consideration paid to Aviva is approximately GBP115 million (US$228 million), subject to adjustments for cash and debt.
Acted for Mainboard-listed Raffles Education Corporation (REC), the largest private education group in the Asia Pacific region, in its joint venture with Educomp Solutions Ltd in India. The total investment for this joint venture will be approximately US$100 million.
