SINGAPORE Law and Practice Contributed by: David He, Benjamin Teo, Kinnari Sahita and Binh Vong Gunderson Dettmer Singapore LLP
Malaysia
Singapore
Indonesia
Contents 1. Trends p.473
1.1 VC Market p.473 1.2 Key Trends p.473 1.3 Key Industries p.473 2. Venture Capital Funds p.474
2.1 Fund Structure p.474 2.2 Fund Economics p.474 2.3 Fund Regulation p.475 2.4 Particularities p.476 3. Investments in Venture Capital Portfolio Companies p.476 3.1 Due Diligence p.476 3.2 Process p.479 3.3 Investment Structure p.480 3.4 Documentation p.481
3.5 Investor Safeguards p.481 3.6 Corporate Governance p.482 3.7 Contractual Protection p.482 4. Government Inducements p.483 4.1 Subsidy Programmes p.483 4.2 Tax Treatment p.483 4.3 Government Endorsement p.484 5. Employment Incentives p.484 5.1 General p.484 5.2 Securities p.485 5.3 Taxation of Instruments p.486 5.4 Implementation p.486 6. Exits p.487 6.1 Investor Exit Rights p.487 6.2 IPO Exits p.488 6.3 Pre-IPO Liquidity p.488 7. Regulation p.489 7.1 Securities Offerings p.489 7.2 Restrictions p.489
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