Senior Partner: Savantha De Saram
Partners: Dijen De Saram, Michael Sproule, Prabash De Saram, Niveditha Abayaratne, Shanthi John, Manjula Sirimane, Jivan Goonetilleke, Aruni Marcelline, Aloka Nandasena, Dasuni Wijayasriwardena
Number of partners: 11
Number of lawyers: 40
Languages: English, Sinhala, Tamil, Indonesian and Chinese
The firm, founded in 1898, is one of the oldest and largest laws firms in Sri Lanka. It is a leading general practice law firm and its areas of expertise cover all aspects of civil and commercial law, including foreign investment, construction, labour, banking, finance, admiralty, project finance, infrastructure and corporate law and is the Lex Mundi member firm in Sri Lanka. In addition, the secretarial arm of the firm handles the incorporation of limited liability companies and helps to set up branch offices, liaison offices, and representative offices and provides secretarial services to over 500 companies including several companies listed on the Colombo Stock Exchange in Sri Lanka.
Main Areas of Practice:
■ Banking & Finance
■ Corporate M&A
■ Infrastructure (with emphasis on PPPs)
■ Employment & Immigration Infrastructure
■ Power & Energy
■ Intellectual Property
■ Real Estate
■ Corporate & Commercial Litigation
■ Antitrust & Competition
■ Capital Markets & Securities
■ Direct & Indirect Foreign Investment
■ Corporate Secretarial Services (through Corporate Advisory Services (Pvt.) Ltd.)
Banking & Finance:
The firm’s banking practice has led complex cross border financing over the years and is regularly mandated by multi-national corporations and financial institutions to advise on a diverse range of transactions, including syndicated lending, trade financing, acquisition financing and regulatory compliance.
Key Transactions: Advising Mitsubishi UFJ Financial Group on the financing of JPY 10 Bn. granted to the Ministry of Finance for construction of the Central Expressway Section 3, advising Pan Asia Banking Corporation and Symbiotics SA on the USD 7.75 Mn. Green Bond issuance and advising Bank of Bahrain and Kuwait BSC on a facility of USD 20 Mn. granted to a local commercial bank.
Key Clients: Bank of America Merrill Lynch, Bank of Tokyo – Mitsubishi UFJ Ltd, Standard Chartered Bank, The Hong Kong and Shanghai Bank Corporation Limited, Pan Asia Banking Corporation and Bank of Bahrain and Kuwait.
The firm has considerable experience in both domestic and cross border matters in relation to mergers and acquisitions and capital market transactions and advises on a broad range of matters relating to foreign investments, regulatory compliance, competition and antitrust, restructurings, insolvency and taxation.
Key Transactions: Advised Odakyu Group on the joint venture between Odakyu Group and TAD Group for a hotel development project with an approximate value of USD 4.6 Bn., advised John Wiley & Sons, Inc and HCL Technologies Limited on establishing and operating BOI approved projects in Sri Lanka.
Key Clients: HPL Properties Limited, Kohlberg Kravis & Co. Partners, Odakyu Group, John Wiley & Sons, Inc., Insearch Limited and HCL Technologies Limited.
The firm has advised key regional lenders and sponsors on several PPP projects in power and energy, transport, infrastructure and ports and has considerable experience in advising on and preparing concession and implementation agreements, joint venture agreements and finance agreements.
Key Transactions: Advised Sugih Energy International Pte Ltd on setting up a BOI approved petroleum refinery at Hambantota with an envisaged investment of USD 24Bn., advising SK E&S on procurement under the Swiss Challenge process for the development of an integrated FSRU/pipeline project in Sri Lanka, including importation of LNG and sale of gas to the Ceylon Electricity Board on a BOOT basis, and advising Bluesky Power (Private) Limited, the project company for the BOOT Project for 300MW combined cycle power plant at Kerwalapitiya of the Ceylon Electricity Board.
Key Clients: China Harbour Engineering Company Limited, Seoyoung Engineering Co. Ltd., Sugih Energy International Pte Ltd., GCL Intelligent Energy (Suzhou) Co. Limited.
Labour, Employment & Immigration:
The firm advises several multinationals and domestic corporations on the compliance with local labour laws and regulations.
Key Transactions: Advising the ‘INSEE’ Group on labour matters, advising ICICI Bank on severance and human resource matters, advising Tesco on human resource matters.
Key Clients: Nestle, Pernod Ricard, Aramex International, Coca Cola Sri Lanka, Allianz, Tesco, Nokia Solutions & Networks Limited, London Stock Exchange Group, Accenture, Virtusa (Private) Limited, Microsoft and Dell.
The firm is regularly mandated to act on cross border matters, particularly in relation to cargo claims, vessel mortgage enforcement and crew arrests, salvage and ground handling disputes.
Key Clients: CMA CGM, Steampship Mutual, Ship Owners Mutual, North of England (P&I), Skuld, Hapag Lloyd, Vitol Asia Pte Ltd and OOCL.
The firm advises on real estate transactions including acquisitions, sales, mortgages, leases, trusts and due diligence examinations.
Key Transactions: Advising CMC Engineering Export GmbH on setting up an amusement park in Sri Lanka with an investment of USD 4.2Bn. and advised Elysian Realty (Pvt) Ltd on its luxury apartment development project in Mirissa.
Key Clients: HPL Singapore, Shapoorji Pallonji & Company Ltd, Overseas Realty (Ceylon) PLC, CMC Engineering Export GmbH, Standard Chartered Bank, The Hongkong and Shanghai Bank Corporation Limited.
Intellectual Property Rights:
The firm handles applications for the registration of trademarks, copyrights, industrial design, patents and related services, including litigation arising from infringements and trademark enforcements.
Key Clients: Pepsico, Hitachi Automotive Systems, TUI Group - TUI AG, TM Online Pte Ltd, Kalbe International Pte Ltd, Orange Brands Services Limited.
Corporate Secretarial Services:
The firm’s secretarial division, through its subsidiary, Corporate Advisory Services (Pvt.) Ltd. provides incorporation, secretarial and ancillary services to corporate clients. It is a virtual one stop shop for all matters pertaining to the establishment of a Company under the laws of Sri Lanka.
Contact: [email protected]
Tel: +94 777 891 696
Contact: [email protected]
Tel: +94 777 777 183