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Jones Day adds Corporate partner Frank Voon in Hong Kong

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The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice.

HONG KONG, March 17, 2025 /PRNewswire/ — The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice. He is based in Jones Day’s Hong Kong Office.

Frank Voon
Frank Voon

Voon has more than 20 years of experience advising on complex, cross-border M&A and private equity transactions across multiple industries, including automotive, healthcare and life sciences, mining and energy, real estate, and technology. He is a Hong Kong SAR- and Australia-qualified lawyer, and he has worked with both multinational corporations and state-owned entities on their investments into and out of Asia. Voon has led deal teams advising a U.S. private equity fund on its RMB2 billion foray into the PRC logistics real estate sector, a Tokyo-listed company in the acquisition and development of chemical manufacturing operations in China, and an Indian conglomerate in the acquisition of a Japanese automotive parts manufacturer.

“Frank has led high-stakes corporate deals throughout the Asia-Pacific region and is recognized as a go-to lawyer for complex, cross-border transactions in the life sciences, real estate, automotive, and manufacturing industries,” said Andy Levine, Co-Leader of Jones Day’s Corporate Practice. “His legal skills and client-centric approach in M&A and PE is a welcome addition to our impressive team in Asia, and we are delighted to have him joining Jones Day.”

At Jones Day, Voon joins the Firm’s global Corporate Practice, which encompasses M&A and Private Equity. In the last five years, Jones Day has advised clients on more than 3,000 M&A transactions collectively valued at $1.5 trillion.

“While certain global legal practices are withdrawing from Mainland China and Hong Kong, the fact that a lawyer of Frank’s stature is joining us at this time highlights our dedication to the professional and commercial sectors in this region,” said Joelle Lau, Partner-in-Charge of Jones Day’s Hong Kong Office. “With our Hong Kong presence established almost four decades ago and with 10 locations across Asia-Pacific, we are committed to supporting clients throughout this region. I am thrilled that Frank has decided to join Jones Day and know he will be an incredible asset to our clients here.”

Voon’s arrival comes on the heels of the recent addition of Ming Kong, a U.S. trained capital markets partner to Jones Day’s Hong Kong Office. Kong has an impressive track record of guiding companies in Greater China through their most critical milestones, from pre-IPO financing through listing and beyond. He acts as the lead drafting counsel representing industry-leading companies in connection with a wide variety of capital markets transactions, including some of the most high-profile and high-value deals in the market. The Firm also added a Corporate partner in Singapore, Parveet Singh, who steers clients through complex, high-stakes, cross-border deals in Asia Pacific as well as on outbound transactions into the United States and Europe proposed.”

Voon has been recognized by Chambers and Partners’ Global and Greater China Region guides for Corporate/M&A lawyers, by The Legal 500 Asia Pacific as a “Recommended Lawyer” and by Best Lawyers for Project Finance and Development in China.

“This is a thrilling time to be joining Jones Day’s deep and globally integrated bench of attorneys,” said Voon. “I am excited to have the opportunity to build on the firm’s impressive achievements in the Asia Pacific region, and I look forward to helping support our clients in achieving their strategic goals in the increasingly complex transactional and regulatory landscape.”

Jones Day is a global law firm with 2,500 lawyers in 40 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.

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Singapore’s SATS to build cargo terminal at Long Thanh International Airport

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Singapore-based SATS Ltd., one of the world’s largest providers of air cargo handling services, and Vietnam Airlines JSC (VNA) signed an MoU on March 13 to build and operate an air cargo terminal at the new Long Thanh International Airport in Vietnam.

Singapore's SATS to build cargo terminal at Long Thanh International Airport

The two companies will also collaborate on strategic initiatives, including enhancing the support of ground and cargo handling services across VNA’s international network.

Long Thanh International Airport, located 35 km from Ho Chi Minh City in Dong Nai province, is being constructed to alleviate congestion at Tan Son Nhat International Airport.

The airport is due to launch operations in phases, with Phase 1 expected to commence operations by the second half of 2026. It will have the capacity to handle up to 25 million passengers and 1.2 million tonnes of cargo annually, and it will eventually expand to its full capacity of 100 million passengers and five million tonnes of cargo by 2050.

The collaboration will combine SATS air logistics expertise and global network with VNA’s plans to launch Vietnam’s first all-freighter airline, positioning both companies as pivotal contributors to the country’s growing airfreight and logistics sector.

The MoU seeks to expand the existing cooperation between the two organisations in ground and cargo handling services across VNA’s international network. This includes efforts to co-develop customised airfreight and logistics solutions, such as trucking and middle mile services, through SATS and its strategic alliances.

By sharing best practices, productivity indicators, and innovative technologies, SATS and VNA aim to improve operational efficiency and service quality across these stations.

This strategic partnership underscores SATS’ pivotal role in expanding VNA cargo handling capabilities and driving profitability for both companies.

“We are pleased to formalise this MoU with Vietnam Airlines JSC, as it strongly aligns with our strategic objectives and reflects our dedication to achieving mutual goals. This partnership offers significant growth potential as we jointly explore new opportunities in global markets. At SATS, we bring extensive expertise and experience to the table, ensuring the provision of efficient cargo terminal and ground handling services at Vietnam’s newest airport,” said Kerry Mok, CEO of SATS.

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A comparative investment guide to Singapore and Malta

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Giacomo Merello, executive director, and Federico Vasoli, founding and managing partner, at international legal and tax advisory firm dMTV Global, look into comparative advantages businesses and investors can reap when doing business in Singapore and Malta.

Singapore and Malta, despite their geographical separation and distinct economic paths, share a fascinating historical connection. Both nations’ legacies of British administration have significantly influenced their modern legal, financial, and political systems.

A comparative investment guide to Singapore and Malta
Giacomo Merello (left) and Federico Vasoli

This shared past has imbued them with strong institutional frameworks, business-friendly regulations, and English as an official language, making them particularly attractive to international investors.

Singapore, once a critical maritime hub in the British Empire, rapidly transformed post-independence into a global financial powerhouse, leveraging its strategic location and disciplined governance to become Asia’s premier business destination.

Malta, on the other hand, has played a strategic role in European history for centuries, positioned at the crossroads of major Mediterranean trade routes. Its accession to the European Union in 2004 further solidified its role as a financial and corporate hub, offering businesses seamless access to the EU market.

Despite their colonial roots, the two nations have taken distinct approaches to economic development.

Singapore has become synonymous with cutting-edge technology, world-class infrastructure, and financial services, while Malta has capitalised on its EU membership to foster industries like gaming, maritime trade, tourism, yachting, and investment migration.

Yet, they remain alike in their ability to entice foreign investors seeking strategic advantages in either the Asian or European markets.

The business and investment landscape

Entrepreneurs looking for a jurisdiction to establish or expand their businesses will find both Singapore and Malta to be uniquely compelling.

Singapore, with its pro-business climate, is renowned for its swift company incorporation process, modern banking system, and an ecosystem that fosters innovation.

A business can be incorporated in a matter of days, and foreign ownership is fully permitted. The regulatory environment is transparent, and government agencies actively support new ventures, making it a magnet for multinational corporations and high-growth startups.

Malta, while smaller in scale, provides a similarly attractive business landscape, particularly for those seeking a European base of operations.

A comparative investment guide to Singapore and Malta
A glimpse of Malta. Photo: Federico Vasoli

Companies registered in Malta benefit from its membership in the EU, allowing seamless access to the Single Market. The country has also emerged as a top jurisdiction for fintech, online gambling, yacht and aircraft leasing, and asset management businesses, thanks to its business-friendly regulations and competitive incentives.

For investors evaluating where to set up, the decision often depends on whether they are targeting Asian or European markets.

Singapore is the undisputed gateway to Asia, boasting strong ties with China, India, and ASEAN economies. Malta, with its deep integration into the EU and geographical proximity to Africa, offers businesses the ability to operate within one of the largest economic blocs in the world as well as one of the most promising ones.

Tax advantages and fiscal policies

One of the strongest incentives for choosing either Singapore or Malta as a business jurisdiction lies in their respective tax systems, both designed to attract international investors and enterprises.

Singapore has a flat corporate tax rate of 17 per cent, with numerous exemptions and incentives available that can significantly lower effective tax rates.

Furthermore, there is no capital gains tax, and dividends are tax-free, making it an attractive option for companies and individuals alike. The city-state also boasts an extensive network of double taxation treaties with over 80 countries, ensuring tax efficiency for international businesses.

A comparative investment guide to Singapore and Malta
A glimpse of Malta. Photo: Federico Vasoli

Malta, on the other hand, offers one of the most competitive tax systems in Europe. While its standard corporate tax rate stands at 35 per cent, foreign-owned businesses often benefit from an effective tax rate as low as 5 per cent through the country’s full imputation system.

Additionally, Malta imposes no withholding taxes on dividends, interest, or royalties paid to non-residents, which makes it an attractive holding company jurisdiction.

The island nation also offers VAT exemptions for certain industries, further reducing operational costs for businesses engaged in global trade.

Both jurisdictions apply the principle of taxation of locally sourced or remitted income only. In Malta, this is particularly true for companies with non-domiciled shareholders, which is different from the at least theoretical worldwide taxation approach of most of its neighbours.

Residency and lifestyle benefits

For those considering not just business opportunities but also personal relocation, Singapore and Malta provide attractive residency options that cater to high-net-worth individuals and professionals.

Singapore’s Global Investor Programme (GIP) allows entrepreneurs to obtain permanent residency by investing at least S$2.5 million ($1.87 million) in a local business or an approved investment fund.

This scheme is particularly appealing to individuals seeking stability, security, and access to one of the world’s most advanced economies.

There are other very effective ways to obtain residency and, eventually, citizenship that can be fully explored in a holistic way.

The city-state’s quality of life is unparalleled, with world-class healthcare, excellent international schools, and a safe, cosmopolitan environment.

Malta, in contrast, offers residency and citizenship initiatives that appeal to those looking for greater global mobility. The Malta Permanent Residence Programme (MPRP) provides a pathway to permanent residency through a combination of real estate investment and financial contributions.

For those seeking an EU passport, the Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment offers a fast-track route to citizenship, granting the right to live, work, and travel freely within the European Union.

Other interesting options, like the ‘self-sufficient’ type of residency, may be open depending on the current citizenship of the applicant and other considerations. Given its Mediterranean climate, rich cultural heritage, and vibrant social scene, Malta has become an increasingly popular destination for expatriates and entrepreneurs alike.

The expertise of dMTV Global

Navigating the complexities of setting up a business or securing residency in a foreign country requires expert guidance. This is where dMTV Europe, led by its founder, lawyer Federico Vasoli, in Malta, comes into play, with specific expertise in international contracts, residency, and relocation services; Federico, a dedicated professional that is serving a term as vice-president of Italian Chamber of Commerce in Vietnam, also acts as the first point of contact for high-profile Vietnamese personalities in need of a broader scope of assistance.

At the same time dMTV Global, in Singapore, provides assistance on most local major regulatory, residential and international legal needs through its director, Giacomo Merello, a lawyer and locally licensed filing agent. The latter, in his role as Lord of Leslie in the Baronage of Scotland, also assists qualified individuals in dynastic and nobiliary matters both in Singapore and in Malta.

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Excelerate Energy ties up with PV Gas for LNG supply

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Excelerate Energy, Inc., a leading provider of floating storage and regasification units and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of PetroVietnam, have entered into a strategic partnership for US LNG supply.

Excelerate Energy ties up with PV Gas for LNG supply

On March 14, Excelerate Energy announced that the company has signed an MoU with PV Gas to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026.

Under the agreement, the two parties will also evaluate PV Gas LNG supply requirements and define a joint strategic framework through which Excelerate and PV Gas can execute LNG sourcing.

“We are pleased to partner with PV Gas on this significant opportunity,” said Oliver Simpson, executive vice president and chief commercial officer of Excelerate. “This collaboration underscores our commitment to helping Vietnam meet its growing energy needs while also providing a downstream market for US LNG supply. Together, we look forward to contributing to a sustainable and secure energy future for Vietnam.”

The collaboration between Excelerate and PV Gas showcases a mutual dedication to harnessing both companies’ distinct strengths and resources to provide affordable and dependable energy solutions that meet Vietnam’s increasing energy needs.

Excelerate is a US-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The company offers a full range of services across the LNG value chain.

PV Gas is a Vietnam-based company engaged in integrated oil and gas operations. The company is involved in the extraction, refining, distribution, marketing and pipeline transportation of natural gas and gas related products, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, and condensate.

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