Corporate/Commercial
Asia-Pacific Guide 2024 : Sri Lanka
Band 2
About
Provided by DL & F De Saram
Specializations
Key work of the Department includes both domestic and crossborder corporate and commercial law matters (including M&A, capital market transactions, compliance and regulatory matters, restructuring), projects and infrastructure, tax and labour. The Department has acted as local counsel on several cross-border matters alongside several international law firms.
The Department contributes to several publications such as Practical Law Global Guides, Doing Business Guides – World Bank Group and Littler International Guide and also maintains Facebook OTT and Net Neutrality Trackers. Recently, the Department contributed to an online tool collating information relevant to clean energy projects in a number of international markets, including Sri Lanka, being developed by Simmons & Simmons LLP and formulated a compliance checklist for ENEOS Oil & Energy Asia Pte Ltd (subsidiary of ENEOS Corporation, Japan) on their sales and marketing activities of lubricant oil in Sri Lanka.
Clients
The recurrent client base includes Odakyu Group, HPL Properties (West Asia) Pte Ltd, China Machinery Engineering Corporation, Sugih Energy International Pte Ltd, China Harbour Engineering Company, SK E&S, ZTE Corporation, Seoyoung Engineering Co. Ltd, WindForce PLC and GE.
Recent Work Highlights
Recent work highlights include advising on the divestment of JF& I Packaging (Private) Limited and advising WindForce PLC on its offer for subscription amounting to LKR 3.2 Mn and listing on CSE.
Chambers Review
DL & F De Saram routinely represents a wide variety of multinational businesses and law firms on Sri Lankan inbound investment issues, including acting as co-counsel alongside international law firms. The firm provides assistance with corporate restructuring in addition to joint ventures and M&A transactions. The team has a notable track record in working on commercial matters concerning the energy, infrastructure, construction, healthcare and insurance sectors, including project development work. The team also offers expertise in cross-border matters across a wide range of jurisdictions and is active in the private equity sphere. The firm counts GPV International, CG Capital Partners Global and Trelleborg among its clientele.
Work Highlights
- DL & F De Saram advised D P Logistics on the acquisition of Pulsar Shipping Agencies and Pulsar Marine Services, which were held by Expolanka Holdings.
Strengths
Provided by Chambers
"DL & F De Saram are thorough, organised and work in our best interests. I could not recommend them more highly."
"They have been easy to work with on transactions. They are flexible and hard-working."
"DL & F De Saram are thorough, organised and work in our best interests. I could not recommend them more highly."
"They have been easy to work with on transactions. They are flexible and hard-working."
Notable Practitioners
Savantha De Saram is highly regarded in the Sri Lankan legal market for his skills in handling joint venture, M&A and project development mandates.
"Savantha is aware of the practical considerations and requirements for business transactions in the Sri Lankan context."
"He is great to work with and very responsive."
Aloka Nandasena has a broad legal practice that encompasses corporate restructuring, M&A and project development.
"We have experienced a very high degree of finesse and sophistication in legal services offered by her. She has astute commercial awareness and provides extremely valuable inputs in relation to complex queries raised by clients."
"She pays a high degree of attention to detail and the solutions provided are very practical."
Hansi Abayaratne has a busy corporate legal practice, regularly advising clients on domestic and cross-border transactions, including corporate restructuring, M&A and company incorporation.
"We feel very confident in Hansi's advice."
"Hansi provides great leadership skills and top-level services."
Ranked Lawyers at
DL & F De Saram
Sri Lanka
Members
Provided by DL & F De Saram
Aloka Nandasena
Head of Department
Dinithi Siriwardhana
Hansi Abayaratne
Inshira Hanifa
Head of Department
Ushara Ratnayake
Clients
Provided by DL & F De Saram
Akbar Brothers (Private) Limited
China Harbour Engineering Company Limited
China Machinery Engineering Corporation
China Petroleum Pipeline Engineering Company Limited
DirectFN Technology (Private) Limited
HOSPINORM Projects GmbH
ICICI Bank UK PLC
Sysco Corporation
WindForce PLC
ZTE Corporation
Industries
Provided by DL & F De Saram
Banking and Financial Services
Construction
Consumer Goods and Services
Industrial and Manufacturing
Insurance
Media and Entertainment
Pharmaceuticals
Power and Energy
Private Equity
Projects and Infrastructure
Shipping
Technology and Telecommunications