However, project finance in a traditional sense is not a major domestic market for them. Very few privately financed projects take place on any kind of non-recourse basis, but will instead by financed directly by the sponsor or are funded by the government.
Exceptions occasionally take place in the petrochemical sector.
If property-related financings are considered, then the market becomes considerably larger. The regional aspirations of Singaporean law firms are to an extent limited by the reach of Singapore law, which some have touted as a future governing law for south east Asia. There are examples of transactions in many places in the region where Singaporean law has been the governing law, but by and large use of Singaporean law has depended on the sponsor or bank being of Singaporean origin. It also has experience in other projects, generally for Singaporean sponsors with business overseas. The firm has worked on transactions which include coal mining projects, cement plants, a deep water container port, tanker terminal, highways, bridges and a toll road across the region.