Next Generation Partners

Banking and finance in Bangladesh

A.S & Associates

At A.S & Associates, the ‘exceptional’ Ferdausur Rahman heads the department, and is praised for his ability to provide ‘clear and actionable advice’. Its clients include both local and international companies, in addition to working with international law firms on various cross-border matters. The group acts for major banks, fintech companies, start-ups, and regulators. Its expertise spans corporate and project financing, as well as Islamic financing. The practice is highly regarded for its work on an array of other banking matters relating to debt enforcement, securitisation and bankruptcy. Mohammad Hasan Habib is another leading member of the firm.

Responsables de la pratique:

Ferdausur Rahman


Autres avocats clés:

Mohammad Hasan Habib; Parag Pasha; Mohammad Emrul Kayes


Les références

‘Timely service with personal attention are the highlights of my experience with them. The service was very satisfactory and I felt I was in safe hands all the way.’

‘Mr. Ferdausur Rahman was polite and helpful. He explained to me the practical issues using simple day-to-day language and gave me a clear plan regarding the documentation process and due diligence for obtaining the business loan for establishing my new factory.’

‘The team of AS & Associates is very professional and provides the best legal service. They have profound knowledge of the market, industry practice and legal regulations. The service provided is practical and very effective.’

Principaux clients

American & Efrid (Bangladesh) Ltd.


Ace Advisory


Alcon


ALS Firms Limited


Amzi & Associates


Bangladesh Freight Forwarders Association


Bird & Bird LLP


Cactus Materials Limited


Capital Alliance Limited


China Exim Bank Limited


China Railway Engineering


City Bank Capital Resources Limited


Clyde & Co. Clasis Singapore


Clyde & Co. UK


Dahua Technology Bangladesh Pvt. Limited


Deloitte Bangladesh


Deloitte India


Dentons


Deutsche Bank AG


Dhaka Bye-pass Expressway Limited


Drew & Napier


Globalization Partners Limited


Hoda Vasi Chowdhury & Co.


Hogan Lovells


Huntsman Singapore Pte Limited


Huntsman Investment Netherlands B.V.


Hyundai Oilbank Co., Ltd


IDLC Finance Limited NoImagine Radio


InfraCo Asia Development Pte. Ltd.


Infrastructure Development and Company Limited


Jumo GmbH


JunHe LLP


King Stubb & Kasiva, Advocates & Attorneys


Kyeryong Construction Industrial Co. Limited


Lanka Bangla Investments Limited


Malala Fund


Matsuoka Corporation


Mayer Brown LLP


MBM Group


MCC (Singapore) Development Limited


Medecins sans Frontieres, France, Belgium, Spain and Holland


Meghna Bank Limited


Midland Bank Limited


Milvik Bangladesh Limited


Mitsui & Co Limited


Mostofa Metal Industries


Navana Electronics Limited


NCC Bank Limited


NDB Capital Limited


New Mileage (Hong Kong) Technology Limited


Nishimura and Asahi


NJS Consulting


Norinco Intl. Power Limited


NRB Bank Limited


O’Melveny


Omnipresent Bangladesh Limited


Phoenix Finance Limited


Proton Holdings


Pubali Bank Limited


RPCL-Norinco International Power Limited


Saif Power Tech Limited


Sarens India Heavy Lifting Pvt Limited


Shah Fibbers Limited


Shaoxing Keqiao Douan Imp and Exp Co. Ltd.


Sheba Platform Limited


Sichuan Road and Bridge (Group) Corporation Limited


Simbrella


Snehasish Mahmood & Co


Social Trust Co. Ltd.


Terre Des Hommes


The City Bank Limited


Thomson Reuters Foundation


White & Case LLP


World Bank Group


Principaux dossiers


  • Advised International Finance Corporation on a financial reform project related to NPLs, with a view to creating a secondary market for trading NPLs & distressed assets.
  • Assisted a financial services provider on its trade financing product for Bangladeshi Banks and FIs by providing advice on various regulatory issues.
  • Advised Infrastructure Development Company Limited on securitisation in relation to the disbursement of a foreign currency loan amounting to $35m in favour of Karim Textiles Limited.

Doulah & Doulah

The dedicated team at Doulah & Doulah regularly works on high-value transactions with a cross-border dimension. It has considerable experience in advising on syndicated Islamic and conventional financing, as well as export credit agency-backed financing. The group has increasingly been advising on aviation financing, especially on lease financing. Recently, it has been appointed to advise on several matters relating to the securitisation of aircraft leased by Bangladeshi operators. In addition, its fintech practice is expanding. Practice head A.B.M. Nasirud Doulah frequently advises on major project financings, and on other matters such as inbound investments into Bangladesh. Amina Khatoon also plays a pivotal role in the department.

Responsables de la pratique:

A.B.M. Nasirud Doulah


Autres avocats clés:

Amina Khatoon


Les références

‘Solid and responsive. Pragmatic commercial advice.’

‘Nasirud Doulah is our key contact. He is responsive and helpful with pragmatic views and support across corporate, M&A, and project finance matters.’

‘The firm is very well qualified and gives clear advice with regard to all legal issues.’

Principaux clients

Asian Development Bank


IFC


Islamic Development Bank


Bangladesh Infrastructure Finance Fund Limited


The Islamic Corporation for the Development of the Private Sector (ICD)


Export Import Bank of China


China Development Bank


China Agricultural Bank


China CITIC Bank


Mashreq Bank


Deutsche Bank


Commerzbank


Akabank


Landesbank


BHF Bank


Principaux dossiers


  • Advising the Asian Development Bank on various aspects of its trade finance arrangements with a large number of private banks in Bangladesh and also acting for the bank in its project financing of a 50MW aggregate solar power generation project.
  • Working with IFC for the development of Hazrat Shahjalal International Airport 3rd Terminal O&M PPP Project.
  • Advising China Export & Credit Insurance Company in the project development and financing of a 662 MW Dual Fuel CCGT power project at Gazaria awarded to Malaysian Conglomerate EDRA.

Mahbub & Company

The nimble team at Mahbub & Company deftly covers all aspects of banking and finance. It is recommended for its work in traditional banking matters, as well as in the emerging fintech sector. At the helm is Saqeb Mahbub, who is sought after for his work on high-value banking cases. In addition, Mahbub has a keen interest in advising on cryptocurrency regulations and debt restructurings. The associates garner praise – Rifat Rahman is a known name for his work on foreign direct investment matters and disputes. Tasmiah Zaman is another name to note.

Responsables de la pratique:

Saqeb Mahbub


Autres avocats clés:

Rifat Rahman; Tasmiah Zaman


Les références

‘We appreciate their timely responses and client-centric approach.’

‘We would like to appreciate the efforts of Tasmiah and Rifat, who have been handling all our legal work in Bangladesh.’

Tasmiah: Tasmiah has been invaluable in handling numerous legal tasks, including regulatory approvals and agreement reviews.’

Principaux clients

Mastercard


Metro Homes


DHL Global Forwarding Bangladesh Limited


Fourth Partner Energy Bangladesh Limited


Pragati Insurance


City Bank


Mutual Trust Bank


Singtel


Digital Finance


KEXIM


Digital Finance International


Metro Homes


Principaux dossiers


  • Advised a Korean banking institution in its cross-border development assistance loans to government entities in Bangladesh and on procurement practices.
  • Advised and represented a Singaporean telecommunication network in a bank debt claim which has arisen out of its shareholding in a Bangladeshi entity.
  • Advised a global payment processing corporation on fintech regulatory compliance and corporate restructuring in Bangladesh.

The Law Counsel

The first-rate team at The Law Counsel is collectively led by Abdur RazzaqEhsan Siddiq, and Imran Siddiq. It is known for its experience in banking matters, as well as for its representation of some major banks in Supreme Court proceedings. The strong banking unit is well-placed to handle a vast array of contentious banking matters. In addition, the firm has particular expertise in advising on the Shariah aspects of corporate financing deals, including advising on projects which are financed by Islamic banks.

Responsables de la pratique:

Abdur Razzaq; Ehsan Siddiq; Imran Siddiq


Les références

‘The team, renowned for its diverse expertise, excels in delivering high-quality services across complex banking, financial litigation, and advisory matters.’

‘Its technology-driven approach and collaborative spirit further enhance its effectiveness and client satisfaction.’

‘The Law Counsel Team maintains high quality with integrity.’

Principaux clients

Islami Bank Bangladesh Plc


Alternative Investments VCC, Singapore


Principaux dossiers


  • Advising Islami Bank Bangladesh Plc and acting as common legal counsel in a syndicated financing arrangement valued at  $74.10m for establishing a 113MW Power Plant in Bangladesh with Islami Bank Bangladesh Ltd. as the lead financier.
  • Instituted civil proceedings on behalf of Islami Bank Bangladesh Limited before the loan recovery courts for the recovery of $97.4m against Delta Spinning Mills Limited.
  • Advised Islami Bank Bangladesh Limited on a pari passu security sharing agreement with the Infrastructure Development Company Limited in relation to a loan facility of $34.92m.

Bangladesh Law Partners | BDLP

Spearheaded by Shajib Mahmood Alam, Bangladesh Law Partners | BDLP has a solid track record of working on various banking and finance mandates. It frequently assists foreign and local investors on asset financings and financial restructurings. Other areas of focus include advising on acquisition and corporate financing, as well as revolving credit facilities. In addition, the group has substantial experience in Islamic financing matters. Md Rafinur Rahman is another key member of the department.

Responsables de la pratique:

Shajib Mahmood Alam


Autres avocats clés:

Md. Rafinur Rahman


Principaux clients

China Railway Group Limited


Borak Real Estate Limited


Hansa Aircraft Services Plc


Unique Hotel & ResortsFar East Spinning Industries Ltd.


T&S Buttons Polyester Ltd.


Hallo BD Gadgets Ltd.


P H Navigation


SB Ventures (Brothers Shipping)


U&D Environmental Equipment Technology Company Limited


El Corte Ingles, SA


Satlo Industries Private Ltd. (Sri Lanka)


JAT Holdings Bangladesh Pvt Ltd.


Trail Mix Ventures Fund II, LP


AAhead International Ltd.


IQ Apparels LLC


Principaux dossiers


  • Represented a client in negotiations regarding a Letter of Performance Guarantee.
  • Advised a foreign-invested company to obtain credit from a foreign counterpart through a complex share pledge agreement.
  • Advised a client on banking laws regarding the disbursement of funds to the heirs of a deceased where the deceased had given over his power of attorney to the bank.

DFDL Bangladesh

Under the able leadership of Shahwar Jamal Nizam, DFDL Bangladesh has substantial strength in the energy and infrastructure sectors. Nizam is recognised for his considerable experience in a broad range of domestic and international projects, as well as for his work on corporate financing deals. He continues to play a key role in helping foreign investors, particularly in the energy, infrastructure, and technology sectors. Mahboob Aziz and Tarannum Tasnim are both seasoned practitioners who are well equipped to handle a variety of banking and finance matters.

Responsables de la pratique:

Shahwar Nizam


Autres avocats clés:

Mahboob Aziz; Tarannum Tasnim


Les références

‘Sizeable team, knowledgeable about Bangladesh law and market practice, including how government bodies operate. Extensive track record of experience in banking and finance and project development and finance matters.’

‘Strong leadership from Shahwar Nizam, who is a collaborative dealmaker and our key relationship contact. Shahwar is adept at developing and fostering relationships.’

‘Clear and concise advice. Strong knowledge of Bangladesh law, how to do business in Bangladesh, and how government bodies operate. Shahwar Nizam leads the team and is a standout operator in the Bangladesh legal market. ’

Principaux clients

DEG


OPEC Fund


Standard Chartered Bank


AIIB


IDCOL


DBS Bank


EPV Thakurgaon Ltd.


SHV Energy


Sumitomo Corporation Asia & Oceania Pte., Ltd.; Dhaka Office


ACWA Power


Ditrolic (S) Pte Ltd


Actis Energy/ Nutan Bidyut (Bangladesh) Limited


Bangladesh-China Renewable Energy Company (Pvt.) Limited


Clifford Capital and SMBC


Principaux dossiers


  • Advised AIIB, Standard Chartered, OPEC Fund and other lenders in connection with the financing of a 584 MW gas-fired power project being developed by Unique Meghnaghat Power Limited at Narayanganj, Dhaka.
  • Advising AIIB, IDCOL and DBS Bank in relation to financing project company Dhaka Rad Elevated Expressway Company Limited, which is involved in developing a 12.5km four-lane access-controlled highway.
  • Advising EPVTL in relation to financing the power project of the borrower in Thakurgaon, Bangladesh.