Icon Law LLC

Author: test123

  • Icon Law Featured in Asian Legal Business as a Firm to Watch

    Under the leadership of Soh Chun Bin and Jeremiah Huang, Icon Law has been featured in Asian Legal Business' annual list of "Singapore Firms to Watch", which identifies boutique firms that provide specialised expertise and personal attention to clients.

    ALB writes: "… since its explosive start as ZICO Law's new Singapore member, Icon Law has shown no signs of slowing down … the Icon Law team is deep-rooted in the Singapore market and has a stellar reputation and track record of delivering quality legal services."

    Asian Legal Business is owned by Thomson Reuters.

  • Appointment of Wong Ee Vin as Director of Icon Law

    We are pleased to announce the promotion of Wong Ee Vin to Director.

    Ee Vin has strong corporate finance and equity capital markets experience and a focus on venture debt, private credit, funds, alternative investment products, and venture capital, often in transactions spanning Singapore and Southeast Asia.

    "Ee Vin is a valuable and trusted member of the team and well regarded by his peers and clients. His promotion to Director is an endorsement of his seniority and his ability to lead transactions and deliver solutions to clients," says Soh Chun Bin, Icon Law's Managing Director.

  • Icon Law Recommended in The Legal 500 (Asia Pacific)

    Just 3 months after the establishment of Icon Law LLC, it has been featured and recommended in The Legal 500 (Asia Pacific) for "Capital Markets: Equity and Debt: Local Firms".

    This achievement validates the strong capabilities and market reputation of the team led by Soh Chun Bin and Jeremiah Huang.

    The Legal 500 is considered to be the largest legal referral guide in the world, with rankings based on merit.

  • The (Outdated) Persistence of REITs and Trust Structures in Real Estate Funds

    Real estate funds in Singapore, whether listed or unlisted, have conventionally been constituted as unit trusts. The launch of the variable capital company ("VCC") structure in January 2020 provided a new alternative.

    Despite the establishment of over 540 VCCs as of mid-2022, there are no real estate funds listed on the SGX-ST that are constituted as VCCs — most have adopted the unit trust structure, and clients often view VCCs with some unfamiliarity.

    Comparing the two structures, we argue that the VCC offers clear legal advantages — including statutory segregation of sub-fund assets and limited liability — while generally enjoying similar tax treatment to a unit trust. We set out the case for the VCC as the structure of choice for real estate funds going forward.

    If you have any questions or require any additional information, please contact Soh Chun Bin.

  • Venture Debt in Southeast Asia – Observations from a Singapore Practice

    In this increasingly austere period of fundraising, debt financing is for many start-ups the only option to tide over a difficult period — yet institutional lenders often refuse or are unable to lend to early-stage companies. There is an alternative: venture debt.

    Venture debt is debt specifically provided to early-stage companies and start-ups. To compensate for higher risk, venture lenders charge higher interest, may take security, and commonly require share warrants expressed as 'warrant coverage' over the loan amount.

    Unlike institutional lenders, venture lenders weigh the involvement of venture capital firms heavily, face greater information asymmetry, and in Southeast Asia operate across a fragmented legal landscape — often lending to a holding company with security granted by operating subsidiaries across jurisdictions.

    If you have any questions or require any additional information, please contact Soh Chun Bin and Wong Ee Vin.

  • Establishment of Icon Law and Joining of the ZICO Law Network

    Icon Law is pleased to announce its establishment and joining of the ZICO Law network as the member firm in Singapore, effective Monday, 3 October 2022.

    Founded and led by Soh Chun Bin and Jeremiah Huang, Icon Law showcases diverse legal talent, with decades of award-winning corporate, finance and transactional experience.

    Icon Law is an evolution from the former Singapore member firm of the ZICO Law network, dedicated to providing innovative and high-quality legal services that keep pace with one of the world's fastest-growing markets — and, together with the ZICO Law network, serving clients across all ASEAN.