Terence Yeo

Special Counsel

  • Advocate & Solicitor, Supreme Court of Singapore
  • LL.B. (Hons), National University of Singapore (2000)

Terence Yeo is Special Counsel of RCL Chambers Law Corporation.

Before joining RCL Chambers Law Corporation, Terence was a partner in one of the oldest and largest corporate law practices in Singapore before he left to develop industry-specific expertise in the corporate world. Over a decade of practice, Terence has acted for companies at all stages of their life cycle, from incorporation, fundraising (pre-seed to late-stage funding rounds), mergers and acquisitions, and divestment. Terence also regularly advises on data protection and privacy laws, employment and industrial relations, cross-border transactions and foreign direct investments in Singapore.

Outside of practice, Terence has been in-house legal counsel for multinationals and local SMEs in industries ranging from oil and gas, maritime, bio-medical and life sciences, global packaging solutions, to telecommunication and technology.

Terence is well-placed to advise and act in a myriad of corporate transactional work, including share sale and purchases, loan agreements (with or without security), licensing, regulatory compliance and general business advisory.

Representative Portfolio

  • Acted for Malayan Banking Berhad bank in acquiring from Temasek Holdings a controlling stake in PT Bank Internasional Indonesia Tbk (BII).
  • Acted for Panasonic Corporation in connection with the sale and purchase agreement for the sale of three subsidiaries of Panasonic to UTAC Manufacturing Services Limited, a wholly-owned subsidiary of UTAC Holdings Ltd, a leading semiconductor testing and assembly services provider headquartered in Singapore. The three Panasonic subsidiaries being divested operate semiconductor testing and assembly facilities, and are strategically located in Singapore, Indonesia and Malaysia.
  • Acted for Eureka GmbH, a subsidiary of the Munich Re Group, in the divestment of its entire stake in Eureka Office Fund Pte Ltd (EOF) to CapitaLand (Office) Investments Pte Ltd, comprising 50% of the ordinary shares and 50% of the voting preference shares in the issued share capital of EOF not already owned by CapitaLand.
  • Acted for Keppel Land in its purchase of control over the 28 storey Equity Plaza by way of increasing its stake in DL Properties (DLP) to 64.63% through acquiring Sumitomo’s interest in DLP. Equity Plaza is an award-winning Grade “A” office building located in the heart of Singapore’s Central Business District.  
  • Acted in the sale of 17 apartments at the completed freehold project 8 Napier, by way of share purchase in the company which owns the apartments.
  • Acted for the European Cargo Services (ECS) Group, the global leader in general sales and service agent (GSA) services, in the acquisition of a majority stake in the AVS GSA Group. The AVS GSA Group compliments the network of ECS Group as both represent DHL Aviation in their respective territories prior to the acquisition. They also share principals in Oman Air, Malaysian Airlines, etc. 
  • Acted as Singapore counsel in the corporate restructuring of the REC Group. We advised Sliver Norway AS (now known as REC Solar Holdings AS) in its acquisition from REC Solar AS and Renewable Energy Corporation ASA of its wholly-owned Singapore subsidiaries, REC Modules Pte Ltd, REC Cells Pte Ltd, REC Site Services Pte Ltd and REC Wafer Pte Ltd.
  • Acted for Singapore Oxygen Air Liquide Private Limited (the Purchaser) in acquiring the remaining 50% of the issued and paid-up share capital in Singapore Carbon Dioxide Company Private Limited (the Company), which it does not already own.
  • Acted for Depot International Pte Ltd, part of the Clover Technologies Group, in the acquisition of substantially all the business and assets of Lasercare Technology (S) Pte Ltd.
  • Acted as Singapore counsel for NV Bekaert SA (NV BK) in establishing a joint venture company with Southern Steel Berhad (SSB) in Singapore.
  • Acted as Singapore counsel to Dover Corporation (NYSE: DOV) in its acquisition of Maag Group (Maag).
  • Acted as Singapore counsel for Applied Materials Inc (Nasdaq: AMAT) in conducting due diligence into Singapore subsidiaries of Varian Semiconductor Inc (Nasdaq: VSEA).
  • Acted for Singapore Oxygen Air Liquide Private Limited (Soxal) in their acquisition of the minority stake held by Air Products Singapore Pte Ltd (APS) in Island Pipeline Gases Pte Ltd (IPG), a joint venture between Soxal and APS.
  • Acted as Singapore counsel to Ten Alps Plc in its disposal of its majority stake in Singapore based Ten Alps Communications Asia Pte Ltd.
  • Acted as Singapore Counsel for Tiger Global Four Holdings, a hedge fund, in their US$60 million equity-cum-debt investment into Athena Projects Pte Ltd, the holding company of hydroelectric and thermal power plants in India.
  • Acted as Singapore Counsel for Tiger Global Four Holdings, a hedge fund, in the restructuring of their investment in Asian Genco Pte Ltd, the holding company of power plants in India. 
  • Advised on the formation of the Tiger Global Management PE fund entities in Singapore and their downstream investments into Flipkart, the premier electronic commerce marketplace in India with revenue of US$2.2 billion (2016).
  • Acted as Singapore counsel for global electronics products leader Panasonic Corporation in its joint venture with NASDAQ-listed Skyworks Solutions Inc for developing high-performance filter solutions. 
  • Acted for LTG International Limited, a subsidiary of the Lewis Trust Group, a UK-based property investment group, in their investment into Prozone International Limited, a holding company developing shopping malls in India.
  • Acted as counsel in the joint investment by BCG Digital Ventures (the business-building and corporate innovation arm of Boston Consulting Group) and MISC Group (leading international shipping company) to co-invest at the early stages funding rounds in three ventures – SOL-X, Chord X, and Spares CNX. These three separate start-ups demonstrate the transformational power of strategically applying digital and deep tech AI, Machine Learning, and IIoT to create massive operational efficiencies across the shipping value chain.
  • Advised Silecs International, manufacturer of siloxane polymer products, in several of its funding rounds, led by EDB Investments and other prominent investment funds.
  • Acted as Singapore counsel to Schibsted Classified Media AS in its agreement with SPH Interactive International Pte Ltd, in (i) the sale of an equal number of shares in 701 Search Pte Ltd to Telenor Communication II AS (Purchaser), and (ii) the subscription of additional shares in 701Search by the Purchaser.
  • Acted as Singapore counsel to Ruvento Ventures, an incubation and venture capital firm, with a strong presence in Asia, in particular Singapore, in its recent Subscription and Shareholders Agreement. This transaction results in Ruvento Ventures attracting new and significant commitments, including investments into the firm that will strengthen substantially its ability to make strategic investments in promising technology enterprises at the incubation, seed, start-up and early stages.

Terence was Company Secretary for a number of companies that are the local offices for large multinationals.

Terence also regularly advises on regulatory, general corporate and commercial legal issues for various companies. 

  • Successfully advised a multinational communications and information technology company (Nokia Corporation / Alcatel-Lucent) that is NYSE listed on a large-scale workforce reduction including headcount reductions.
  • Regularly advising overseas multinationals on the regulatory landscape in Singapore and assisting them in their incorporation and set-up of a Singapore subsidiary or a local representative office. 
  • Assisting and advising the REC Solar group (the world’s largest integrated solar panel manufacturer) in its incorporation in Singapore and advising on regulatory compliance, employment, service level agreements, supply, and other commercial agreements.
  • Advising Soxal (the largest and leading industrial gas company) on corporate commercial issues including gas contracts and environmental compliance.
  • Advising Panasonic Electronics on distributorship agreements and employment issues.
  • Advising Hansgrohe (a manufacturer of bathroom and kitchen products) on distributorship and other commercial matters.
  • Advising ESAB (the world’s largest producer of standard welding equipment) on their contracts with their counterparties.
  • Advising Denka Chemicals on its gas supply and chemical contracts.