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Daniel Tan

Partner
CMS Holborn Asia*

Portrait ofDaniel Tan

Daniel Tan

Partner
CMS Holborn Asia*

Contact
CMS Cameron McKenna Nabarro Olswang (Singapore) LLP
7 Straits View #19-01
Marina One East Tower
Singapore 018936
Languages English, Mandarin, Chinese

* Holborn Law LLC and CMS Cameron McKenna Nabarro Olswang (Singapore) LLP are registered in a Formal Law Alliance under the name CMS Holborn Asia.

Daniel leads the finance practice at CMS Holborn Asia.  He has close to 20 years' experience advising international and domestic lenders and borrowers on a wide range of lending transactions in Singapore and internationally.

He specialises in complex cross-border financing transactions including acquisition finance, structured lending, project finance, fund financing, reserve-based lending and trade finance.

Daniel had primary responsibility for drafting the Asia-Pacific Loan Market Association's (APLMA) Singapore law recommended forms of Facility Agreement until January 2021, and was also the course co-ordinator of the Cross Border Transactions module on the Singapore Institute of Legal Education's (SILE) Part B Bar Course, from 2013 to 2020.

Daniel is qualified in Singapore and in England & Wales.  He was appointed a Notary Public and a Commissioner for Oaths on 1 October 2018.

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Relevant experience

  • A syndicate led by DBS Bank on a US$150m facility for a Singapore-headquartered flour milling group, which has operations in various countries in the Asia-Pacific region.
  • United Overseas Bank on various Promissory Note Purchase facilities for a Thai group of companies.
    PT Bank Negara Indonesia as to matters of Singapore law in connection with a loan facility to a SPV of a major Indonesian conglomerate.
  • DBS Bank, The Hongkong and Shanghai Banking Corporation, the Royal Bank of Scotland and Standard Chartered Bank, on a S$150 million facility for a major sporting goods retailer in Singapore.
  • Standard Chartered Bank in connection with an acquisition facility for the Al Futtaim Group.
  • The Indonesian PT Triputra Agro Persada in connection with a US$470 million syndicated facility.
  • VietinBank on a dual currency USD/VND facility for the No Va Land group.
  • Standard Chartered Bank in connection with a financing to an SPV owned by a Singapore listed company in connection with a proposed acquisition.
  • Citibank on a US$125 million capital call facility for Baring India Private Equity Fund III.
  • Standard Bank in connection with a borrowing base facility for MI Energy Corporation.
  • Bayerische Hypo und Vereinsbank in connection with a US$60 million borrowing base facility to the AIM listed Leed Petroleum group.
  • Bayerische Hypo und Vereinsbank in connection with a proposed borrowing base facility for Lodore Resources, a US oil and gas investment company.
  • Standard Chartered Bank in connection with a US$1 billion facility for PT Borneo Lumbung Energi & Mining Tbk to fund its acquisition of an interest in Bumi PLC and the subsequent restructuring of that facility.
  • Standard Chartered Bank in connection with a loan facility for Tata Teleservices Limited.
  • A syndicate of lenders led by Credit Suisse in connection with a US$120 million term facility for the Pacnet group of companies.
  • Standard Chartered Bank in connection with ECA backed facilities (EKN, Finnvera and Sinosure ) for the Robi Axiata group.
  • ASX listed Miclyn Express Offshore in connection with the refinancing of its US$284 million debt facility.
  • Jasper Investments Limited in connection with financing for a shipowning subsidiary.
  • Deutsche Bank in connection with an advance payment facility for ABG Shipyard.
  • A syndicate of banks in connection with a US$120 million facility to PT Garuda Indonesia (Persero) Tbk.
  • The financiers in connection with various aircraft financing and leasing transactions involving a Danish aviation company.
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Publications

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Education

  • 2001 – LL.B (Hons), King's College London, London.
  • 2002 – Graduate Diploma in Singapore Law, National University of Singapore, Singapore.
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Expertise

Feed

07/12/2023
Assigning rights where a contract contains a non-assignment clause
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC. The High Court of Singapore has recently decided that a non-assignment clause in a contract...
Law-Now
30/10/2023
Pre-Packed Schemes of Arrangement: the Singapore Approach
In 2018, Singapore enacted the Insolvency, Restructuring and Dissolution Act (IRDA 2018), which streamlined its debt restructuring regime by consolidating provisions previously set out in various statutes...
Law-Now
28/09/2023
Increase in Insurance Coverage for Singapore-Dollar Bank Deposits to S$100,000
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC.In­tro­duc­tionThe Monetary Authority of Singapore (“MAS”) has announced that it will raise...
Law-Now Banking & Finance
23/05/2023
Sustainability KPIs in finance transactions
Sus­tain­ab­il­ity-linked financing is still in its infancy, but it is already an integral part of today's financing landscape and looks set to remain into the future. Plenty of data and information exists, particularly on the KPIs of sus­tain­ab­il­ity-linked financings, but it is scattered. In this guide we have compiled, analysed and commented on all aspects of sus­tain­ab­il­ity-linked financing to give you access to everything you need to know.
Publication
10/03/2023
Reciprocal enforcement of foreign judgments in Singapore: An update
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC.The long-anticipated repeal of the Reciprocal Enforcement of Commonwealth Judgments Act 1921...
Law-Now Banking & Finance
21/09/2021
Singapore and UK strengthen cooperation in financial services
Green finance and carbon markets Green finance has become increasingly significant as financial instruments and tools brighten the spotlight on sustainable products and production methods, as well as...
Regzone Banking & Finance
21/09/2021
Singapore and UK strengthen cooperation in financial services
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC. Introduction On 30 June 2021, Singapore and the UK entered into a landmark partnership for...
Law-Now Commercial