Firm / Organisation

Adnan, Sundra & Low

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Managing Partner: Deepak Sadasivan
Number of partners: 31
Number of consultants: 3
Number of lawyers: 62
Languages: Bahasa Malaysia, English

Firm Overview:
ADNAN SUNDRA & LOW was established in 1975 and has been consistently ranked as a leading law firm in Malaysia with a reputation for delivering quality and effective legal services and solutions.

Main Areas of Practice:
■ Banking & Finance
■ Capital Markets
■ Islamic Finance
■ Corporate/M&A
■ Dispute Resolution
■ Real Estate
■ Projects, Energy & Infrastructure

Banking & Finance, Capital Markets, Islamic Finance:
The team has advised on local and cross-border banking and finance transactions, inclusive of acquisition finance, corporate finance, project finance, debt restructuring, and the following market-pioneering transactions:
■ The world’s first, and Malaysia’s largest, exchangeable Sukuk
■ The world’s first perpetual sukuk
■ The world’s first Green SRI sukuk
■ Malaysia’s first Islamic stapled securities transaction
■ Malaysia’s first municipal bonds
■ Project financing of the first independent power utility in Malaysia and the first coal-fired independent power plant in Malaysia, also the biggest in Southeast Asia
■ Many significant Malaysian IPOs including Malaysia’s largest IPOs in 2015 and 2017, Asia’s largest IPO in 2012 and Southeast Asia’s largest IPOs in 2009 and 2010

Corporate/M&A:
The team advises on a full range of corporate advisory issues. Notable work includes:
■ Establishment of the first Shariah compliant unlisted real estate investment trust (REIT), also the first education REIT in Malaysia
■ Establishment of one of Malaysia’s largest listed REITs, being the first and only stapled security listed on Bursa Malaysia
■ The joint venture between Malaysia’s largest petroleum company and a Saudi-Arabian petroleum company in relation to a USD7 billion investment in a refinery and petrochemical integrated development project in Malaysia
■ The acquisition of the first deepwater semi-submersible floating production system in the Asia Pacific region
■ A global agribusiness and food company’s USD 1 billion acquisition of a majority interest in a specialty fats/edible oils producer from a leading Malaysian plantation group
■ A merger between hypermarket operators creating the third-largest hypermarket operator in Malaysia
■ A number of mergers between Malaysian banking and financial institutions
■ Corporate debt restructuring schemes under section 176 of the Malaysian Companies Act 1965

Dispute Resolution:
The team has represented most major Malaysian financial institutions and is experienced in handling a broad range of complex banking, contractual, commercial, employment, restructuring and insolvency matters in Malaysian courts and arbitration tribunals in Malaysia and worldwide. Notable work includes:
■ Acting for Malaysia’s largest bank in obtaining vesting orders effecting the ownership transfer of non-performing loans, part of the first ever sale of non-performing loans in Malaysia via open auction
■ Acting for the applicant in the issuance of the first ever High Court order preventing a party or its nominees from using a restraining order under section 176(10) (A) of the Companies Act 1965 to delay the rights of a lender or security holder
■ Acting for the security trustee in a foreclosure action resulting in the first ever decision of an Malaysian appellate court affirming a chargee’s right to exclude a structure (where individual titles have not been issued) from foreclosure of the master title
■ Obtaining an order for the appointment of a receiver and manager over a missing person’s estate

Real Estate:
The real estate practice is premised on ensuring that clients benefit commercially from real estate opportunities and has advised a number of specialist real estate transactions including:
■ The joint development of over 110 acres of land for construction and sale of residential units, retail units, hotels, service apartments, office towers, commercial shops and offices
■ The sale and transfer of iconic national landmark structures in Kuala Lumpur between the holding company and its group real estate investment trust
■ Complex land issues in the listings of significant listed property development companies and palm-oil plantation companies, involving some 350,000 hectares of land held under more than 1,200 titles
■ The sale and purchase of a five-star international hotel and hotel business in Kuala Lumpur

Projects Energy & Infrastructure:
The team has advised on some of the largest and most sophisticated projects including:
■ The proposed Kuala Lumpur-Singapore High Speed Rail Project
■ A foreign joint venture on the Ipoh-Rawang Double Track Rail electrification project
■ The development and financing of a 50MW solar photovoltaic plant in Malaysia
■ The divestment of the largest multi fuel inte-grated power generating facility (2,420MW), with a transaction value of MYR4.2 billion
■ The delivery of electrical energy and telecom-munications from a hydroelectric dam in Sarawak to Peninsular Malaysia by submarine power cables
■ The Klang Valley Mass Rapid Transit Project
■ A 2,400MW hydroelectric dam in Sarawak
■ A 2,100 MW Coal-Fired Power Plant
■ The North-South Highway in Peninsular Malaysia
■ The firm has also advised on projects located in Australia, Africa, the Indian Subcontinent, Southeast Asia and Central Asia

Recent Awards & Accolades:
■ Malaysian Law Firm Of The Year: Asian Legal Business Malaysia Law Awards 2016
■ West Malaysia Law Firm Of The Year: ALB Malaysia Law Awards 2017, 2018 & 2019
■ National Law Firm Of The Year: International Financial Law Review Asia Awards, 2007, 2014
■ Islamic Finance Law Firm Of The Year: ALB Malaysia Law Awards 2016, 2017 & 2018
■ Malaysia Projects & Project Financing Firm of The Year – Asian-Mena Counsel Awards 2018
■ Malaysia Project Finance Law Firm of The Year – The Asset Triple A Asia Infrastructure Awards 2019
■ Client Service Award, Malaysia – AsiaLaw Regional Awards 2019
■ Banking and Financial Services Law Firm of the Year: ALB Malaysia Law Awards 2014, 2015,2016, 2017, 2018 & 2019
■ Islamic Finance News (IFN) Law Awards 2018 & 2019: ESG, Green, SRI Law Firm of the Year
■ IFN Deals of the Year Awards 2017: Commodity Murabahah Deal of the Year 2017, Equity Deal Of The Year 2017, Structured Finance Deal Of The Year and Project & Infrastructure Deal Of The Year
■ IFN Deals of the Year Awards 2018 – Corporate Finance Deal of the Year 2018, Perpetual Sukuk Deal Of The Year 2018
■ Malaysia Corporate & M&A Firm of The Year – Asian-Mena Counsel Awards 2018
■ Malaysia Capital Markets Firm of The Year – Asian-Mena Counsel Awards 2018

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Insolvency 2019 Second Edition Law and Practice in Malaysia

Ramesh Sathasivam, Gary Yap, Wong Zhi Xin

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Joint Media Statement

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