Highlighted for its ability to ‘provide quality advice on complex matters’, the corporate and commercial practice at D. L. & F. De Saram represents some of the most high-profile clients in the financial sector, such as leading banks, across a spectrum of sophisticated transactional and advisory work. The department advises on the securitisation of high-value loans, as well as the facilitation and transaction of other loan types, such as syndicated loans. The firm also advises across jurisdictions, offering expertise in matters pertaining to the amendment of legal frameworks and documents required by foreign banks. Managing partner Savantha De Saram co-heads the team with Prabash De Saram, who holds over 20 years of experience in finance-related matters, and Aloka Nandasena, who is noted as a ‘practical and solution-oriented’ practitioner. Ushara Ratnayake is also a key member of the team.
Banking, finance and capital markets in Sri Lanka
D. L. & F. De Saram
Responsables de la pratique:
Savantha De Saram; Prabash De Saram; Aloka Nandasena
Autres avocats clés:
Aruni Marcelline; Hansi Abayaratne; Inshira Hanifa; Ushara Ratnayake
Les références
‘The team has been working with us for around a decade and fully understands the complexities of our business in light of local regulations. Hence, they are able to efficiently provide quality advice on complex matters considering local legal minutiae and in a timely manner.’
‘Aloka Nandasena – provides practical and solution-oriented advice within tight timelines. Hence, she is our go-to lawyer in the market.’
Principaux clients
Adani International Ports Holdings Pte. Ltd
JP Morgan Chase Bank N.A
HSBC Bank PLC
Citigroup Global Marketing Holdings INC
KPMG AG
Capital Alliance Investments (Pvt) Ltd
Serendib Engineering Group PLC
Principaux dossiers
- Advised Adani International Ports Holding Pte. Ltd on the proposed Term Loan Facility proposed to be provided to Colombo West International Terminal Limited, a company established to carry out the Colombo Port Expansion Project: West Container Terminal I under a BOT Agreement with the Sri Lanka Ports Authority.
Nithya Partners
The capital markets and finance offering at Nithya Partners advises multinationals and their subsidiaries in a spectrum of finance-related matters, including facilitation of various loans, such as syndicated loans, assisting with loan securitisation, as well as advisory roles pertaining to legal policy and banking regulation compliance. Naomal Goonewardena heads the group, overseeing the team’s most high-value transactional mandates, and is assisted by the expertise of Prashanthi Vignanantha, who handles the team’s advisory aspects, such as opinions on guidelines and licensing requirements.
Responsables de la pratique:
Naomal Goonewardena
Autres avocats clés:
Prashanthi Vignanantha
Principaux clients
State Bank of India
Bank of China Limited
Seylan Bank PLC
Sampath Bank PLC
Bank of Ceylon
DFCC Bank PLC
LB Finance PLC
Citizens Development Business Finance PLC
Commercial Leasing and Finance PLC
NDB Investment Bank Limited
Principaux dossiers
- Acted as the local legal counsel for the United States International Development Finance Corporation on a USD 30 Million facility granted to Citizens Development Business Finance PLC.
- Acted as the legal counsel for a syndicate of banks on an LKR 39,000,000,000 syndicated loan facility granted to Sri Lanka Telecom PLC.
- Acted as the local legal counsel for Commercial Bank PLC on an LKR 12,000,000,000 BASEL III compliant, tier two, listed, rated, unsecured, subordinated, redeemable debenture with non-viability conversion.
Julius & Creasy
Julius & Creasy‘s banking and finance offering is proficient in advising local and international banks in complying with Sri Lanka’s financial sector regulations and is especially proficient in matters pertaining to repossession and leasing of property, along with large-scale due diligence pertaining to loan acquisition. Janaki Kumaraguru and Priya Sivagananathan co-head the team, collectively lending their expertise on syndicated loans, derivatives, and trade financing. Raneshnie Perera is also a key member of the team, notably assisting on transactional matters.
Responsables de la pratique:
Janaki Kumaraguru; Priya Sivagananathan
Autres avocats clés:
Raneshnie Perera
Principaux clients
United States International Development Finance Corporation (“DFC”)
Tencent Holdings Ltd
Macquarie Aircraft Leasing Services (Singapore) Pte. Ltd
Principaux dossiers
- Advised United States International Development Finance Corporation (“DFC”) in relation to a USD $5,000,000 loan transaction with MA’s Tropical Food Processing (Pvt) Ltd.
- Advised Macquarie Aircraft Leasing Services (Singapore) Pte. Ltd in relation to a lease of a new aircraft to an entity in Sri Lanka.
Heritage Partners
Heritage Partners‘ ‘professional and punctual’ capital markets and finance department fields ‘higher level’ experience in banking and finance-related matters. Among its workload, the team’s key strength lies in its transactional work, handling loan transactions, debenture issues and equity-related matters, both domestic and across foreign jurisdictions. Arittha R. Wikramanayake heads the team and is highlighted for his ‘extensive knowledge’, especially in capital markets and transactional work in the financial sector.
Responsables de la pratique:
Arittha R. Wikramanayake
Les références
‘The team’s key strength lies in the interpretation of regulations particularly in the capital market space. Another key strength is the quick turnaround time, which is key to maintaining and supporting the business units of our firm.’
‘The level of service, reach and knowledge pertaining to the areas we wished to carry out was immense.’
‘The senior partner and the team focus on giving advice primarily focused on maintaining the integrity of the firm. The senior partner is not only a leader, but he also focuses on mentoring his team and the firm’s team which is a major differentiator compared to other legal firms. The expertise collectively as a team also sets Heritage Partners at a higher level compared to other legal firms.’
Principaux clients
Expolanka Holdings PLC
Nestle Lanka PLC
Softlogic Holdings PLC
LOLC Holdings PLC
Nation Lanka Finance PLC
Capital Alliance Securities (Private) Limited
LOLC Securities Limited
SC Securities (Private) Limited
First Capital Equities (Private) Limited
Capital Trust Securities (Private) Limited
Principaux dossiers
- Advised Expolanka Holdings PLC on delisting its shares from the Colombo Stock Exchange.
- Advised Nestle Lanka PLC on delisting its shares from the Colombo Stock Exchange.
- Advised Softlogic Holdings PLC in proposing a 1 for 4 Rights Issue with Warrants.
Tiruchelvam Associates
Tiruchelvam Associates‘ banking and finance division is noted for its ‘impeccable attention to detail in every task,’ advising local and foreign banks on banking sector regulation compliance, loan acquisition, applications to the Central Bank of Sri Lanka, and banking licenses. Ramani Muttettuwegama is the firm’s managing partner, co-heading the team with Nirosha Peiris, who is noted for her ‘unmatched’ knowledge. Najma Rizwan is also a key member of the team.
Responsables de la pratique:
Ramani Muttettuwegama; Nirosha Peiris
Autres avocats clés:
Najma Rizwan
Les références
‘The firm puts impeccable attention to detail into every task. They fully take responsibility and guide you through the process step by step.’
‘Nirosha Peiris’ knowledge about the subject matter is unmatched and her ability to communicate the same to the client in a simplified manner always helps. Najma Rizwan does a great job making difficult tasks easier. She is very collaborative and her consistency and patience throughout is extraordinary.’
Principaux clients
Fujiwara Co., Ltd
Galadari Hotels Lanka Plc
Himal Southasian
Teacly (S) Pte Ltd
Principaux dossiers
- Advised and assisted a client in implementing an Employee Share Option Plan by conducting feasibility studies and reviewing subscription documents.
- Advised a fintech company on the operation of a platform intended to offer payment solutions through a mobile/web interface.