Nithya Partners

Corporate/Commercial Department

Sri Lanka
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What the team is known for

Highly experienced team that is active across M&A, insurance and corporate advisory matters. Client base includes large corporations, investment funds, regulatory bodies and financial institutions. Additional expertise advising on tax and restructuring issues for family-run companies. Regularly advises on securities matters.

Strengths

Sources praise the firm's responsiveness and client care, with one stating: "They are a dynamic and capable team that provides excellent support, advice and a responsive service," and adding that "they have the ability to accommodate client requests at short notice."

Another interviewee says: "Their strength is in their people, their high level of competence and the approach to legal matters they bring."

Work highlights

Assisted Janashakthi Insurance with the LKR16.4 billion sale of its subsidiary to Allianz.

Advised Lanka Century Investments on the management buyout of Millennium Information Technologies.

Notable practitioners

Arittha Wikramanayake is regarded by market sources as "an authority on commercial matters, especially in relation to M&A advisory and securities law." Commentators go on to say that he "adds tremendous value in appreciating the viewpoints of the regulator in commercial matters." He boasts extensive experience across a broad range of both domestic and cross-border M&A transactions.

Naomal Goonewardena is praised by clients "for his in-depth knowledge on corporate and commercial, financial and tax laws." He is well versed with taxation, corporate structuring and international investment matters.