GCR 100 2024

Allen & Gledhill

Allen & Gledhill

Professional notice



ALLEN & GLEDHILL’s top-notch competition practice is led by partners Daren Shiau and Elsa Chen, the latter of whom is also the firm’s chief economist. The team, which includes fellow partner Scott Clements and seven associates, continues to advise on more than half of the deals that wind up before the Competition and Consumer Commission of Singapore (CCCS). It helped SATS win unconditional clearance in January 2023 for its $2.3 billion acquisition of WFS Global – the world’s largest air cargo handler. The firm also counselled Singapore Airlines as part of a deal between Air India and Tata SIA Airlines, the latter of which is a joint venture between Tata and Singapore Airlines. As part of that tie-up, Singapore Airlines agreed to take a 25.1% stake. Other notable deal work included advising DBS Bank on its acquisition of Citigroup’s Taiwan consumer banking business.

FirmHead(s) of competitionSizeNo. WWL nomineesClients
Allen & GledhillDaren Shiau, Elsa Chen3 partners, 7 associates2SATS, Singapore Airlines, DBS Bank, MOMQ, Storhub Venture, Singapore Clearing House Association, Oki Electric, Mercatus Co-operative, CapitaLand Group, Temasek


Our Competition & Foreign Investment Review Practice, co-headed by Daren Shiau and Elsa Chen, has been described by the Global Competition Review as “Singapore’s best competition law practice”.

A ‘Brussels-sized’ practice, it is the largest and most experienced in Singapore and South-east Asia. Uniquely, our lawyers and economists are dedicated to antitrust and foreign investment law full-time, and have the expertise, experience, and bandwidth to handle the most complex of antitrust cases for clients. The in-house competition economics team is also the only one of its scale in the region, and amongst the few law firms globally with such capabilities.

We routinely quarterback ASEAN antitrust and foreign investment reviews and filings across our regional offices, and frequently assist clients in cross-border merger assessments, gun-jumping and technical filings. We have unparalleled experience in complex cartel and monopoly investigations. We are also regularly commissioned by governments to draft competition legislation, codes and policies, including in the aviation, energy, media, postal, telecommunications sectors, and are trainers for the ASEAN Experts Group on Competition.

Our Practice is the top Singapore merger control adviser on deal flows with total combined values exceeding US$700 billion, including the acquisition of Refinitiv Holdings Limited by London Stock Exchange Group, and 10 out of the 12 merger notifications made, or determined, in 2022, and 6 out the 8 mergers being reviewed in 2023.

To-date, we have acted on more than three out of every four mergers publicly reviewed by the Competition and Consumer Commission of Singapore (“CCCS”) in Singapore, including the majority of Phase 2 reviews by the CCCS, and negotiated and cleared second requests.

We are also the first and only Practice to have successfully overturned a provisional infringement decision by the CCCS, in both antitrust and merger control. Further, our Practice secured the first merger notification cleared by the CCCS based on the “failing firm defence”, and the first conditional clearance by the CCCS subject to local commitments.

In addition, our Practice has defended clients in 100% of the CCCS’ international cartel decisions to-date, including advising the amnesty applicant of Singapore’s first global cartel decision (freight forwarding), and the leniency applicants of the second (ball bearings) and third (aluminium electrolyte capacitors) decisions. We have also advised on multiple abuse of dominance decisions by the CCCS, including the first appeal to the Competition Appeal Board.

The strength of the Practice is augmented by our Partner, Scott Clements, a Singapore-qualified competition law specialist with over 16 years of experience in Singapore, and Senior Adviser Mr Lam Chuan Leong, who has held key positions across a broad range of government agencies. Most notably, he was the first Chairman of the CCCS, a position he held for close to a decade, since its inception in 2005.

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Awards and Industry Recognition (2023):

Competition & Foreign Investment Review (2023):

  • Regional Law Firm of the Year – Asia-Pacific, Middle East and Africa at the Global Competition Review (GCR) Awards 2023
  • Chambers Asia-Pacific 2023: Band 1 for Competition/Antitrust
  • The Legal 500 Asia Pacific 2023: Tier 1 for Antitrust and Competition
  • The Legal 500 inaugural Antitrust and Competition Lawyer of the Year for Singapore: Daren Shiau

Firm-wide (2023):

  • Chambers Asia-Pacific and Greater China Region Awards 2023: Singapore Corporate & Finance Domestic Law Advisers of the Year.
  • Chambers Asia-Pacific 2023: Highest number of Band 1 rankings (18 practices); largest number of Leading Lawyers among Singapore law firms (70 lawyers)
  • IFLR Asia-Pacific Awards 2023: National Law Firm of the Year (Singapore)
  • IFLR1000 2023: Highest number of Tier 1 rankings (7 practices); highest number of recognised lawyers among Singapore law firms (77 lawyers)
  • The Legal 500 Southeast Asia Awards 2023: Singapore Firm of the Year
  • The Legal 500 Asia Pacific 2023: Highest number of Tier 1 rankings (19 practices); largest number of recognised lawyers among Singapore law firms (44 lawyers)

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