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LEVEL 11, MENARA OLYMPIA, NO. 8, JALAN RAJA CHULAN, 50200 KUALA LUMPUR, MALAYSIA
Tel:
Work +60 3 2070 0466
Fax:
Fax +60 3 2078 3382
Email:
Web:
www.asl.com.my

Profiles


Asia Pacific

ADNAN SUNDRA & LOW 

www.asl.com.my

tel: 603 2070 0466 fax: 603 2078 3382

Managing Partner(s): Deepak Sadasivan

Number of partners: 26 Number of Consultants: 3 Number of Lawyers: 63

 Firm overview:

ADNAN SUNDRA & LOW was established in August 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

Our 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; and
  • 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

Our team is able to advise on a full range of corporate advisory issues, and our track record includes advis­ing on :

  • establishment of the first Shariah compli­ant unlisted real estate investment trust (REIT), which is also the first education REIT in 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 USD1 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; and
  • corporate debt restructuring schemes under section 176 of the Malaysian Companies Act 1965 and 2016.

Dispute Resolution

Our 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. Our 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; and
  • obtaining an order for the appointment of a receiver and manager over a missing person’s estate.

Real Estate

Our real estate practice is premised on ensuring that clients benefit commercially from real estate opportunities and we had advised a number of specialist real estate transactions including:

  • the joint development of over 110 acres of land, which include the 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; and
  • the sale and purchase of a five-star international hotel and hotel business in Kuala Lumpur.

Projects Energy & Infrastructure 

Our projects energy and infrastructure team has advised on some of the largest and most sophisticated projects which include the following:

  • 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 the largest multi fuel integrated power generating facility (2,420MW), with a transaction value of MYR4.2 billion;
  • the delivery of electrical energy and telecommunications 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;We have 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;
  • 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;
  • Banking and Financial Services Law Firm of the Year - ALB Malaysia Law Awards 2014, 2015, 2016, 2017 and 2018;
  • Islamic Finance News (IFN) Law Awards 2018 - ESG, Green, SRI Law Firm of the Year; and
  • 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.
  • Number of lawyers: 63
  • Languages
  • English
  • Bahasa Malaysia

Asia Pacific

ADNAN SUNDRA & LOW 

www.asl.com.my

tel: 603 2070 0466 fax: 603 2078 3382

Managing Partner(s): Deepak Sadasivan

Number of partners: 26 Number of Consultants: 3 Number of Lawyers: 63

 Firm overview:

ADNAN SUNDRA & LOW was established in August 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

Our 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; and
  • 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

Our team is able to advise on a full range of corporate advisory issues, and our track record includes advis­ing on :

  • establishment of the first Shariah compli­ant unlisted real estate investment trust (REIT), which is also the first education REIT in 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 USD1 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; and
  • corporate debt restructuring schemes under section 176 of the Malaysian Companies Act 1965 and 2016.

Dispute Resolution

Our 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. Our 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; and
  • obtaining an order for the appointment of a receiver and manager over a missing person’s estate.

Real Estate

Our real estate practice is premised on ensuring that clients benefit commercially from real estate opportunities and we had advised a number of specialist real estate transactions including:

  • the joint development of over 110 acres of land, which include the 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; and
  • the sale and purchase of a five-star international hotel and hotel business in Kuala Lumpur.

Projects Energy & Infrastructure 

Our projects energy and infrastructure team has advised on some of the largest and most sophisticated projects which include the following:

  • 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 the largest multi fuel integrated power generating facility (2,420MW), with a transaction value of MYR4.2 billion;
  • the delivery of electrical energy and telecommunications 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;We have 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;
  • 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;
  • Banking and Financial Services Law Firm of the Year - ALB Malaysia Law Awards 2014, 2015, 2016, 2017 and 2018;
  • Islamic Finance News (IFN) Law Awards 2018 - ESG, Green, SRI Law Firm of the Year; and
  • 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.

Above material supplied by Adnan Sundra & Low.

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