Best Banking & Finance Lawyers in Singapore

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Themis Partner
Marina, Singapore

Founded in 2017
30 people in their team
English
Chinese
Themis Partner is a full-service law firm with a strong presence across Southeast Asia. Our team is known for delivering comprehensive legal services to businesses of all sizes, with a focus on providing practical and innovative legal solutions. With extensive experience in sectors like corporate...
KGP LEGAL LLC
Tanjong Pagar, Singapore

Founded in 2018
10 people in their team
English
Founded in 2018, KGP Legal LLC is a Singapore-licensed corporate and commercial international law that provides seamless assistance to clients in Singapore, Hong Kong, China and Japan. It is a member firm of the InterAsia Law Alliance, a network of independent liaison law firms in the...
JT Legal LLC
Marina, Singapore

Founded in 2017
3 people in their team
English
Chinese
We are a boutique corporate & corporate finance law firm specialising in mergers and acquisitions, reverse takeovers, IPOs, sale and purchase of company and company assets, joint-ventures, convertible note and bond issues, security arrangements, major asset acquisitions and disposals, employee...
GABRIEL LAW CORPORATION
Raffles Place, Singapore

Founded in 1986
15 people in their team
English
Chinese
At Gabriel Law Corporation, we pride ourselves on providing legal services tailored to our clients' needs. We represent a spectrum of clients from individuals to multinational corporations. Regardless of the size or complexity of the claim, we ensure that our clients have effective and expert legal...
CHP Law LLC
Cecil, Singapore

Founded in 2019
25 people in their team
English
We are a young Singapore law firm looking to create a modern brand of legal practice that is founded on the idea that simplicity is efficiency. When it comes to our clients, this is reflected in our commitment to forging lasting relations, hand-holding them and in providing quality advice. We are...
Yuen Law LLC
Clarke Quay, Singapore

Founded in 2012
40 people in their team
English
Chinese
Yuen Law LLC is a highly accoladed Singapore law practice established in 2012. Our practitioners are highly experienced in sale and purchase of companies and assets, joint ventures, venture capital, corporate law, fintech regulations, disputes resolution, family law and trusts, and conveyancing....

Founded in 1995
4 people in their team
English
Chinese
Malay
The firm primarily operates in these practice areas: Criminal Law, Civil Litigation, Dispute Resolution, Corporate and Commercial Law, Debt Collection, German Law, and Transnational and Cross Border Work particularly in the ASEAN region. We have developed a very close working relationship with our...
Actus Legal LLP
Chinatown, Singapore

Founded in 2018
2 people in their team
English
Competent Compassionate Community Counsel who can provide good legal services at affordable rates!Actus Legal LLP (UEN T18LL1456F) is a limited liability law partnership, registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A). We are a new firm that has started in...
I.R.B. LAW LLP
Beach Road, Singapore

Founded in 2012
100 people in their team
English
Chinese
Malay
Tamil
Hindi
I.R.B Law LLP was founded with a vision to build a law firm that delivers effective and efficient legal services to everyone, from the man on the street to large corporations. IRB Law now has over 50 employees, allowing us to maintain a highly personalised level of service, whilst enabling us to...
Silvester Legal LLC
Clarke Quay, Singapore

Founded in 2018
10 people in their team
English
YOUR PARTNER, YOUR ALLY, YOUR ADVISOR. Silvester Legal LLC excels in disputes and corporate matters. We specialise in shareholders disputes. When you engage us, you engage a team that will provide you with proactive and strategic legal counsel to resolve your legal issues. For...

Legal guides written by Silvester Legal LLC:

  • The Liability of Directors for Company Insolvencies
  • Mediation: Keeping disputes out of court
  • Mediation: Parties get to meet early on
AS SEEN ON

About Banking & Finance Law in Singapore

Banking & Finance law in Singapore encompasses a broad range of legal issues related to financial transactions, including lending, borrowing, securities, and investments. Singapore is recognized as a leading financial center, with a well-established legal framework that supports complex financial transactions and robust regulatory oversight. The Monetary Authority of Singapore (MAS) plays a pivotal role in regulating and supervising the financial sector, ensuring stability and fostering economic growth. The country’s banking and finance laws are designed to protect the interests of all parties involved, encouraging fair practices and transparency within the financial system.

Why You May Need a Lawyer

Individuals and businesses may require legal assistance in Banking & Finance for several reasons. Common situations include:

  • Negotiating and drafting loan agreements or financial contracts.
  • Dealing with regulatory compliance and licensing requirements under MAS regulations.
  • Handling disputes related to financial transactions or breaches of contract.
  • Assisting with mergers, acquisitions, or other corporate finance matters.
  • Advising on security arrangements and enforcement.
  • Managing insolvency or restructuring cases.

Engaging a lawyer can provide clarity, ensure legal compliance, and protect your interests in complex financial matters.

Local Laws Overview

Singapore's banking and financial sector is governed by comprehensive legislation that includes the Banking Act, the Securities and Futures Act, and the Monetary Authority of Singapore Act. Key aspects include:

  • Banking Act: Regulates banks and financial institutions, focusing on licensing, business conduct, and maintaining financial stability.
  • Securities and Futures Act: Governs capital markets, covering securities, futures contracts, and the conduct of markets and intermediaries.
  • Moneylenders Act: Regulates money lending enterprises, ensuring they operate fairly and transparently.
  • Deposit Insurance Scheme: Provides a safety net for depositors, protecting their savings up to a specified limit in the event of a bank failure.

Singapore’s robust regulatory framework ensures the efficiency, resilience, and integrity of its financial sector while protecting consumer interests and maintaining international competitiveness.

Frequently Asked Questions

What is the role of the Monetary Authority of Singapore (MAS)?

The MAS is Singapore's central bank and integrated financial regulator. It oversees all financial institutions in the country and formulates policies to promote sustained non-inflationary economic growth.

Do I need a license to operate a financial services business in Singapore?

Yes, operating a financial services business typically requires a license from the MAS. The specific type of license depends on the services provided, such as banking, insurance, or financial advisory services.

How are financial disputes resolved in Singapore?

Financial disputes can be resolved through various means, including negotiation, mediation, arbitration, or litigation. Singapore also has specialized financial dispute resolution entities, like the Financial Industry Disputes Resolution Centre (FIDReC).

What protections are in place for bank depositors?

The Deposit Insurance Scheme protects depositors by guaranteeing their deposits up to a certain limit if a bank fails, providing reassurance and safeguarding financial stability.

How does Singapore address money laundering concerns?

Singapore has strict anti-money laundering and counter-terrorism financing laws. Financial institutions must adhere to robust Know Your Customer (KYC) protocols and report suspicious transactions to authorities.

What are security interests in finance?

Security interests are legal rights granted over assets, typically to secure the repayment of a debt or performance of an obligation. They are crucial for managing risk in financial transactions.

What is the significance of the Singapore Exchange (SGX)?

The SGX is Singapore's main stock exchange and a hub for listing, trading, clearing, and settlement of equities, fixed income securities, derivatives, and commodities, contributing to Singapore's prominence in global finance.

Are there any consumer protection laws in banking?

Yes, consumer protection laws in banking include regulations on fair lending, clear communication of terms, and dispute resolution mechanisms to safeguard consumer interests.

What is fintech, and how is it regulated in Singapore?

Fintech refers to the integration of technology in financial services. The MAS supports fintech innovation while ensuring adequate regulatory measures are in place to manage associated risks, offering initiatives like the FinTech Regulatory Sandbox for new developments.

How does one ensure compliance with financial regulations?

Ensuring compliance involves understanding applicable laws, implementing internal controls and policies, conducting regular audits, and staying informed about regulatory updates. Legal counsel can assist in navigating these requirements.

Additional Resources

Several resources and organizations can be of assistance for those seeking guidance in Banking & Finance:

  • Monetary Authority of Singapore (MAS): Principal regulatory authority providing updates, guidelines, and licensing information.
  • Financial Industry Disputes Resolution Centre (FIDReC): Offers independent dispute resolution services for financial disputes.
  • Singapore Exchange (SGX): Provides comprehensive resources for market participants and investors.
  • Banking & Financial Newsletters: Subscriptions to industry updates can keep you informed about the latest trends and regulatory changes.

Next Steps

If you need legal assistance in Banking & Finance, follow these steps:

  1. Identify your specific legal needs and the complexity of your financial issue.
  2. Research and consult qualified Banking & Finance lawyers or law firms with relevant experience.
  3. Prepare necessary documents and relevant details about your financial matter for your legal consultation.
  4. Discuss potential legal strategies, fees, and timelines with your lawyer to understand your options and obligations.

Seeking professional legal advice can help resolve your banking and finance matters efficiently, ensuring compliance and safeguarding your interests.

Lawzana helps you find the best lawyers and law firms in Singapore through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Singapore - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.