Jamie A. Benson has more than 20 years' experience practicing as a corporate lawyer. He is currently based in Singapore, having previously worked in New York, Sydney and London. Mr. Benson is the head of Duane Morris & Selvam's U.S. securities law practice, India practice desk and Myanmar capital markets practice.

Mr. Benson's experience includes advising on: equity offerings (public offerings and private placements); high-yield, convertible and investment-grade bond offerings; debt private placements; SEC-registered equity and debt offerings; mergers and acquisitions of both U.S. and non-U.S. public companies; going private transactions; SEC reporting obligations, compliance with U.S. broker-dealer laws, general corporate law matters, commercial law matters and FCPA matters.

Mr. Benson has a wide range of industry experience, including working on deals involving companies in the following industries: aviation; banking; beer and wine; business process outsourcing; cable television; construction; electricity transmission and distribution; film production; gambling; healthcare, infrastructure; jewelry; insurance; mining; non-banking financial companies (NBFCs); oil and gas; print media; property; telecommunications; television broadcasting; and toll roads.

Mr. Benson is cited in IFLR 1000 2018 as a Highly Regarded Lawyer for Capital Markets: Debt and Capital Markets: Equity, M&A. He is also listed by The Legal 500 Asia Pacific as 2017 recommended lawyer for Capital Markets - Local Firms in Singapore and Corporate and M&A practice in Myanmar.

Mr. Benson has advised on more than 100 equity and debt offerings throughout the world with total proceeds of approximately US$20 billion. He is one of the leading international legal counsels on securities offerings by Indian issuers, having worked on more than 50 deals by Indian issuers in the last 12 years. Mr. Benson led the firm’s team that acted as U.S. legal counsel to the President of India on the sale of Rs. 27 billion (US$406 million) of shares in NHPC Limited in an offer for sale (including a Rule 144A offering in the U.S.), which was listed in "Deals of the Year 2016" by India Business Law Journal. He led the firm's team that advised First Myanmar Investment Co., Ltd. on its historic listing on the Yangon Stock Exchange, which was the first listing on that stock exchange. That deal was listed in "2016 Deals of the Year - Capital Markets" by Asia Business Law Journal and "Deals of the Year 2016" by asian-mena Counsel and was a finalist in Emerging Markets Awards for Capital Markets Deal of the Year: Equity 2016 by The Asian Lawyer.

Mr. Benson has represented almost all of the major global and Indian investment banks.

Mr. Benson studied law at the University of Cambridge (Trinity College), where he was a fellow of the Cambridge Commonwealth Trust, and was awarded a B.A. and an M.A. He was awarded a Henry Arthur Hollond Travelling Scholarship in Law by Trinity College and received his Master of Laws from the University of Virginia.

Mr. Benson is admitted to practice law in New York, USA and Tasmania, Australia.

Representative Matters

    Indian Public Offerings

  • Advised the President of India and Housing and Urban Development Corporation Limited (HUDCO) on the sale of 10.19 percent of the shares in HUDCO by the President of India for Rs. 12,096 million (US$188 million) in an IPO in India and concurrent private placements outside the country (including a Rule 144A offering in the United States).
  • Advised IDFC Capital and Avendus Capital and the other underwriters on the sale of Rs. 2,000 million (US$38 million) of shares in Tribhovandas Bhimji Zaveri Limited in an IPO in India and concurrent private placements outside India and the U.S.
  • Advised Enam Securities, IDFC Capital, Motilal Oswal Investment Advisors, Sharehkan and Motilal Oswal Securities on the sale of Rs. 2,250 million (US$51 million) of shares in Ashoka Buildcon Limited in an IPO in India, including concurrent private placements outside India and the U.S.
  • Advised Deutsche Equities (India), Antique Capital Markets and Antique Stock Broking on the sale of Rs. 3,645 million (US$76 million) of shares in DEN Networks Limited in an IPO in India and in concurrent private placements outside India and the U.S.
  • Advised Citigroup Global Markets India, IDBI Capital Market Services, Enam Financial Consultants, ICICI Securities and Kotak Mahindra Capital Company and the other underwriters on the sale of Rs. 8,160 million (US$200 million) of shares in Central Bank of India in an IPO in India and in concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised DSP Merrill Lynch, Kotak Mahindra Capital Company, JM Morgan Stanley, HSBC Securities and Capital Markets (India), SBI Capital Markets, Karvy Investor Services, Enam Financial Consultants and the other underwriters on the sale of Rs. 16,330 million (US$380 million) of shares in Bank of Baroda in a follow-on public offering in India and in concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised DSP Merrill Lynch, ICICI Securities and the other underwriters in the Rs. 3,694 million (US$86 million) sale of shares in Jagran Publications Limited in an IPO in India and in concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised ICICI Securities, Kotak Mahindra Capital Company and the other underwriters in the Rs. 1,733 million (US$40 million) sale of shares in PVR Limited in an IPO in India and in concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised Kotak Mahindra Capital Company and the other underwriters in the Rs. 4,076 million (US$95 million) sale of shares in HT Media Limited in an IPO in India and in concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised DSP Merrill Lynch, Enam Financial Consultants, Karvy Stock Broking and the other underwriters in the Rs. 3,150 million (US$73 million) sale of shares in Yes Bank Limited in an IPO in India and concurrent private placements outside India (including a Rule 144A offering in the U.S.).
  • Advised ICICI Securities, DSP Merrill Lynch, Kotak Mahindra Capital Company, Citigroup Global Markets India and Bajaj Capital and the other underwriters in the Rs. 13,630 million (US$317 million) sale of shares in Oriental Bank of Commerce in a follow-on public offering in India and in concurrent private placements (including a Rule 144A offering in the U.S.).
  • Indian Qualified Institutions Placements

  • Advised JM Financial Institutional Securities. Goldman Sachs, Kotak Mahindra Capital Company and Bajaj Finance Limited on the sale of Rs. 45,000 million (US$703 million) of shares in Bajaj Finance Limited in a QIP, including a concurrent U.S. private placement (Rule 144A).
  • Acted as sole international legal counsel to JM Financial Securities Limited and Bajaj Finance Limited on Bajaj Finance Limited's Rs. 14.0 billion (US$222 million) sale of its shares in a QIP, including a concurrent private placement to QIBs in the United States.
  • Advised IDFC Securities, Axis Capital, ICICI Securities and Macquarie Capital Securities (India) on the sale of Rs. 5,000 billion (US$79 million) of shares by Ashoka Buildcon Limited in a QIP (including concurrent private placements outside India and the U.S.).
  • Advised Axis Capital and JM Financial Institutional Securities on the sale of Rs. 3,000 million (US$48 million) of shares in Capital First Limited in a QIP, including a concurrent U.S. private placement (Rule 144A).
  • Advised Edelweiss Financial Services, SBI Capital Markets and Axis Capital Limited on a proposed approximately Rs. 7,000 million (US$110 million) QIP, including a concurrent U.S. private placement (Rule 144A), by an Indian private sector bank (deal cancelled due to market conditions).
  • Advised Enam Securities, IDFC Capital and JM Financial Consultants on the sale of Rs. 9,700 million (US$175 million) of shares in ING Vysya Bank Limited in a QIP in India, including concurrent private placements outside India and the U.S.
  • Advised IDFC Capital and JM Financial Consultants on the sale of Rs. 3,807 million (US$85 million) of shares in The Dhanalakshmi Bank Limited in a QIP in India and in concurrent private placements outside India and the U.S.
  • Advised JM Financial Consultants, HSBC Securities and Capital Markets (India) and Antique Capital Markets on the sale of Rs. 1,140 million (US$25 million) of shares in ibn18 Broadcast Limited in a QIP in India, including concurrent private placements outside India and the U.S.
  • Indian Institutional Placement Programmes

  • Acted as international legal counsel to Alstom T&D India Limited on its Rs. 2,940 million (US$48 million) offering of its equity shares in an institutional placement programme (IPP) to qualified institutional buyers in India, including concurrent private placements outside India and the U.S.
  • Indian Offers For Sale

  • Acted as international legal counsel to the President of India on the sale of approximately Rs. 27 billion (US$406 million) of shares in NHPC Limited in an offer for sale ("OFS") on the stock exchanges in India (including a Rule 144A offering in the U.S.).
  • Acted as international legal counsel to the President of India on the sale of Rs. 11,650 million (US$171 million) of shares in Container Corporation of India Limited in an OFS on the stock exchanges in India (including a Rule 144A offering in the U.S.).
  • Acted as international legal counsel to the President of India on the sale of approximately Rs. 4 billion (US$60.8 million) of shares in Hindustan Copper Limited in an OFS (including a Rule 144A offering in the U.S.).
  • Acted as international legal counsel to the President of India on the sale of Rs. 530 million (US$8 million) of shares in Dredging Corporation of India Limited in an OFS on the stock exchanges in India (including a Rule 144A offering in the U.S.).
  • Global Depository Receipts

  • Advised the underwriters on a proposed US$100 million GDR offering by an Indian company and the listing of the GDRs on the Luxembourg Stock Exchange.
  • American Depository Receipt Programs

  • Advised Virotec International on the establishment of its Level 2 American Depositary Receipt program.
  • AIM Listings

  • Advised Biofutures International plc (now called Graphene NanoChem plc), an AIM listed company, on its £32.5 million placing of shares. Part of the proceeds of the placing were used to fund the reverse takeover of Platinum NanoChem Sdn. Bhd, a Malaysian company. The underwriter for the placing was Panmure Gordon.
  • Advised Haywood Securities (UK) in its role as broker on the sale of £8.6 million of shares in Bioenergy Africa Limited, including a Rule 144A offering in the U.S., the sale of which was in connection with Bioenergy Africa's admission to trading on AIM.
  • Advised SKIL Ports & Logistics Limited on the sale of £76 million of its shares, including a Rule 144A offering in the U.S., and its admission to trading on AIM.
  • Singapore Stock Exchange Listings

  • Represented Spackman Entertainment Group Limited on the S$18.05 million (US$14 million) IPO of its shares and listing on the Catalist board of the SGX.
  • Yangon Stock Exchange Listings

  • Advised First Myanmar Investment Co., Ltd. (FMI) on its listing on the Yangon Stock Exchange, which was the first listing on that stock exchange.
  • Other Equity Offerings

  • Acted as special international counsel to PT Logindo Samudra Makmur on the sale of Rp 735 billion (US$30 million) of it shares in an IPO in Indonesia and in concurrent private placements outside Indonesia and the U.S.
  • Advised Panmure Gordon, as underwriter, on the sale of £29.6 million of shares in Lonrho plc, a London Stock Exchange listed company, in a firm placing and placing and open offer, including a concurrent private placement in the U.S.
  • Advised Bradken Limited on its A$245 million IPO on the Australian Stock Exchange ("ASX") and U.S. private placement.
  • Advised Goldman Sachs JBWere and Macquarie Bank as underwriters of an A$190 million rights offering by Oxiana Limited.
  • Advised Promina Group and Royal & SunAlliance on Promina Group's A$1.9 billion IPO on the ASX and U.S. private placement.
  • Advised Qantas Airways on A$720 million private placement and entitlement offer of its ordinary shares.
  • Advised Macquarie Bank and UBS on A$1.7 billion private placement and entitlement offer of stapled securities of Macquarie Infrastructure Group (MIG).
  • Advised Qantas Airways on A$456 million private placement of its ordinary shares.
  • Advised Deutsche Bank in connection with A$145 million renounceable rights issue by BRL Hardy and related underwritten offer of "shortfall" shares.
  • Advised Macquarie Equities and JPMorgan on A$500 million private placement of ordinary shares by Macquarie Bank Limited.
  • Advised Merrill Lynch on A$320 million private placement of ordinary shares by CSL Limited.
  • Advised Citigroup, Merrill Lynch and JBWere on A$550 million private placement of ordinary shares by Suncorp-Metway.
  • Advised Merrill Lynch, Credit Suisse First Boston and Macquarie Bank on A$334 million IPO on the ASX and U.S. private placement by Austereo Limited.
  • Advised ABN AMRO Rothschild and Citigroup on A$59 million IPO on the ASX and U.S. private placement by Commander Communications Limited.
  • Advised Deutsche Bank, Citigroup and JBWere on A$350 million IPO on the ASX and U.S. private placement by Uecomm Limited
  • Advised Frucor on its NZ$94 million IPO on the ASX and U.S. private placement.
  • Advised Merrill Lynch and UBS on A$360 million private placement of ordinary shares by CSL Limited.
  • Advised Citigroup and JPMorgan on A$60 million IPO on the ASX and U.S. private placement by IBA Technologies Limited.
  • Advised Credit Suisse and Deutsche Bank on NZ$350 million IPO on the ASX and U.S. private placement by Tower Limited.
  • Advised Citigroup on A$129 million IPO on the ASX and U.S. private placement by Programmed Maintenance Services.
  • Debt Offerings

  • Advised Citigroup and JPMorgan on the sale of US$850 million of BHP Billiton's 4.80% Senior Notes due 2013 in an SEC-registered offering.
  • Advised Jupiters Limited on its US$135 million 8.5% Senior Notes due 2006 in a follow-on SEC-registered exchange offer.
  • Advised ABN AMRO on the US$44 million private placement of Fixed Interest Rate Interest Only Converting to Escalating Annuity Bonds by JEM US Bonds (No. 1) Pty Limited.
  • Advised Merrill Lynch and Chase Securities Inc. on US$500 million private placement of 8% Notes due 2010 by Cable & Wireless Optus.
  • Advised Crane Group on its US$70 million private placement of notes.
  • Advised Citigroup on the A$250 million private placement by ERG Limited of convertible notes.
  • SEC-Registered Deals

  • Represented National Securities Corporation, as underwriter and sole book running manager, in connection with the initial public offering by CBD Energy Limited, an Australian diversified clean energy company and leading provider of solar installations worldwide, and its listing on Nasdaq.
  • Advising an Australian company on the proposed listing of its shares on Nasdaq.
  • Advised Citigroup and JPMorgan on the sale of US$850 million of BHP Billiton's 4.80% Senior Notes due 2013 in an SEC-registered offering.
  • Advised Ilion Technology on its proposed IPO in the United States and listing on Nasdaq.
  • Advised Lehman Brothers in connection with the proposed IPO in the United States and dual listing on Nasdaq of Libertyone Limited, a then ASX listed company.
  • Advised Jupiters Limited on its US$135 million 8.5% Senior Notes due 2006 in a follow-on SEC-registered exchange offer.
  • Advised Apex Silver Mines Limited on its US$55 million SEC-registered IPO and listing on the American Stock Exchange.
  • M&A Deals

  • Advised Lend Lease Corporation on its proposed A$7.5 billion merger (via stapled securities) with General Property Trust.
  • Advised Deutsche Bank as financial advisor to AngloGold in its A$3.2 billion take-over bid for Normandy Mining.
  • Advised Foster's on its US$1.5 billion acquisition of California-based Beringer Wine Estates as well as the related A$700 million equity funding and US$400 million debt funding.
  • Advised Pacific Lithium on its proposed acquisition of a U.S. public company.
  • Advised KPMG Peat Marwick on an asset purchase.
  • Going-Private Transactions

  • Represented Duff and Phelps as its U.S. counsel in its role as financial advisor to the special committee of AirMedia Group Inc., a then Nasdaq listed company, on a going-private transaction.
  • Represented Duff and Phelps as its U.S. counsel in its role as financial advisor to the special committee of Vimicro International Corp., a then Nasdaq listed company, in connection with a non-binding proposal from the Chairman and CEO to acquire the outstanding shares of the company in a going-private transaction.
  • Other Advice

  • Representing Dentsu Inc., a Japanese advertising and public relations company, in negotiating the license for the media rights for the XXIII Olympic Winter Games (2018) and the Games of the XXXII Olympiad (2020) for 22 Asian countries and territories with the International Olympic Committee (IOC) and in drafting and negotiating a number of sub-license agreements for those media rights with broadcast partners.
  • Represented the Philippines Football Federation and LIGA FUTBOL, INC., in the setting up of the Philippines Football League, the first professional football league in the Philippines.
  • Represented Dentsu Inc. in negotiating the license for the media rights for the XXII Olympic Winter Games (2014) in Sochi, Russia, the Games of the XXXI Olympiad (2016) in Rio de Janeiro, Brazil for 22 Asian countries and territories with the International Olympic Committee (IOC) and in drafting and negotiating a number of sub-license agreements for those media rights with broadcast partners.
  • Advised Dentsu Inc. on its master services agreement with Globecast UK Limited for the Games of the XXXI Olympiad (2016) in Rio de Janeiro, Brazil.
  • Advised JBWere on the U.S. regulatory requirements (SEC, NASD and NYSE) for its sale of a 45% interest in itself to Goldman Sachs.
  • Advised Ilion Technology on U.S. securities and Delaware corporate law matters in connection with its conversion from a New Zealand company (formerly Pacific Lithium) into a Delaware corporation.
  • Advised UCMS on U.S. securities and Delaware corporate law matters in connection with its conversion into a Delaware corporation and its proposed listing on the ASX.
  • Advised Chip Application Technologies Limited on its restructuring as a Delaware corporation (Catuity Inc.) listed on the ASX.
  • Advised Vapotronics on its restructuring as a Delaware corporation.
  • Advised the Australian Stock Exchange on establishing Australian Stock Exchange World Link, which enables Australian investors to trade shares listed on Nasdaq and NYSE.

Areas of Practice

  • Securities Law
  • International Capital Markets
  • Cross-Border Mergers and Acquisitions Transactions
  • Corporate Law
  • Commercial Law
  • Foreign Corrupt Practices Act

Admissions

  • New York
  • Tasmania, Australia

Education

  • University of Virginia School of Law, LL.M., 1996
  • University of Cambridge (Trinity College), B.A. (Law), 1994
  • University of Cambridge (Trinity College), M.A., 1998

Experience

  • Duane Morris & Selvam LLP, Singapore
    - Director, 2012-present
  • Dorsey & Whitney LLP, London and Sydney
    - Special Counsel, 2008-2012
    - Senior Consultant, 2007, 2005-2006
  • Coudert Brothers, Sydney
    - Senior Associate, 2003-2005
  • Jones Day, Sydney
    - U.S. Corporate and Securities Associate, 1999-2003
  • Akin, Gump, Strauss, Hauer & Feld LLP, New York
    - Associate, 1996-1999

Honors and Awards

  • Listed by IFLR 1000 as a Highly Regarded Lawyer for Capital Markets: Debt and Capital Markets: Equity, M&A for 2018
  • Listed by IFLR 1000 as Leading Lawyer for Capital Markets: Debt and Capital Markets: Equity, M&A for 2016 and 2017
  • Listed in The Legal 500 Asia Pacific as a recommended lawyer for Capital Markets - Local Firms for 2016 and 2017
  • Listed in The Legal 500 Asia Pacific as a recommended lawyer for Corporate and M&A - Myanmar for 2017
  • Awarded Finance Monthly Deal Maker of the Year Award 2016 for his role as the lead lawyer advising First Myanmar Investment Co., Ltd. on the listing of its shares on the Yangon Stock Exchange, which was the first listing on that stock exchange
  • Led the firm's team that acted as U.S. legal counsel to the President of India on the sale of Rs. 27 billion (US$406 million) of shares in NHPC Limited in an offer for sale (including a Rule 144A offering in the U.S.), which was recognised as one of the "Deals of the Year 2016" by India Business Law Journal.
  • Led the firm's team that advised First Myanmar Investment Co., Ltd. on its historic listing on the Yangon Stock Exchange, which was the first listing on that stock exchange. That deal was listed in "2016 Deals of the Year - Capital Markets" by Asia Business Law Journal, "Deals of the Year 2016" by asian-mena Counsel and was a finalist in Emerging Markets Awards for Capital Markets Deal of the Year: Equity 2016 by The Asian Lawyer.

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Selected Publications

Selected Speaking Engagements

  • Speaker for "Listing Your Company on the Yangon Stock Exchange," a half-day seminar held at the Yangon Stock Exchange on August 31, 2016.
  • Gave a full-day seminar in Singapore titled "Contentious Clauses in Contracts" on February 27, 2015. The seminar was organised by CrimsonLogic Pte. Ltd.
  • Speaker for the "Listing of Indian Companies in the U.S. - Key Legal Aspects" panel at the "Threading the Needle in U.S. India Deals: Safe Passage Through Formidable Legal Risks" conference, February 13-15, 2014, New Delhi, India. The conference was organized by the ABA Section of International Law and the Society of Indian Law Firms.
  • Gave a full-day seminar in Hong Kong titled "Risk Mitigation & Allocation — Drafting to Maximise Contract Performance" on May 14, 2014. The seminar was organised by CrimsonLogic Pte. Ltd.
  • Gave a half-day seminar in Singapore titled "Heads of Agreement, Memoranda of Understanding & Letters of Intent - Differentiating Between Them and Best Practice in Negotiating and Drafting" on March 27, 2014. The seminar was organized by CrimsonLogic Pte. Ltd.
  • Gave a one-day seminar in Singapore titled "Risk Mitigation & Allocation — Drafting to Maximise Contract Performance" on October 18, 2013. The seminar was organised by CrimsonLogic Pte. Ltd.
  • Gave a one-day seminar in Singapore on contemporary commercial contracts, May 22, 2013. The seminar was organized by CrimsonLogic Pte. Ltd.