The Legal 500

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47 ALEXANDRA PLAACE, COLOMBO 07, SRI LANKA
Tel:
Work +94 11 269 5782
Fax:
Fax +94 11 269 5410
Email:
Web:
www.desaram.com

Sri Lanka

Banking and finance
Banking and finance - ranked: tier 2

D. L. & F. De Saram

D. L. & F. De Saram assists international financial institutions with financing transactions in Sri Lanka, focusing on Sri Lankan exchange control regulations and their implications on cross-border financing. The practice advised Asian Development Bank on the provision of a senior secured and guaranteed loan of $7m to a special purpose vehicle established in Sri Lanka by India’s DCDC Health Services. Savantha De Saram heads the practice. Prabash De Saram is another key contact.

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Corporate and M&A
Corporate and M&A - ranked: tier 2

D. L. & F. De Saram

D. L. & F. De Saram has been involved in several key M&A matters in Sri Lanka. Highlights included advising Lafarge Holcim on the $375m sale of its Sri Lankan subsidiary to Siam City Cement, which was the largest M&A transaction in Sri Lanka; and assisting General Electric with its purchase of ShipXpress’ subsidiary in Sri Lanka. Standard Chartered Bank is a new client. Practice head Savantha De Saram is the main contact.

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Dispute resolution
Dispute resolution - ranked: tier 2

D. L. & F. De Saram

D. L. & F. De Saram ‘delivers clear and very prompt legal advice for clients’, particularly in the commercial disputes space. The practice acted for ADM Asia-Pacific Trading in filing an action seeking the registration and enforcement of an arbitration award obtained by the client from the International Court of Arbitration of the ICC in Singapore against a company based in Sri Lanka. Other key clients include Nestlé Lanka, Siam City Cement and the BBC. Prabash De Saram and Jivan Goonetilleke are highly regarded.

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Intellectual property
Intellectual property - ranked: tier 4

D. L. & F. De Saram

D. L. & F. De Saram is active in trade mark registration and trade mark litigation and disputes, and has acted for clients including Rigo Trading and Motorola Trademark Holdings. Prabash De Saram is the main contact.

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Private client, wills and probate
Private client, wills and probate - ranked: tier 1

D. L. & F. De Saram

D. L. & F. De Saram advises clients across the full spectrum of family law and testamentary matters, including drafting of wills, will-related disputes and settling pleadings, and testamentary documents. Savantha De Saram is the main contact.

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Projects and energy
Projects and energy - ranked: tier 1

D. L. & F. De Saram

D. L. & F. De Saram is advising China Communications Constructions Company and China Harbour Engineering Company on the establishment of a specialised industrial zone in the district of Hambanthota and on the acquisition of the Hambanthota Port for a concession period of 30 years, which is in partnership with the Sri Lankan government. Savantha De Saram is the key partner.

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Real estate and construction
Real estate and construction - ranked: tier 2

D. L. & F. De Saram

D. L. & F. De Saram assists clients with foreign ownership restrictions, land purchase and sales, mortgage and lease agreements, and focuses particularly on condominium law, preparation of condominium plans and declarations, sales agreements, deeds of transfer and obtaining local authority approvals. The practice advised the Indian business conglomerate Shapoorji Pallonji on a mixed-use development project under a joint development agreement with Sail Development, a local company involved in property development. Savantha De Saram leads the team.

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Shipping
Shipping - ranked: tier 1

D. L. & F. De Saram

The ‘responsive’ team at D. L. & F. De Saram provides ‘very sensible’ advice. It handles protection and indemnity interests concerning shipping-related cross-border disputes, as well as assisting with admiralty, shipping and international trade matters, including collisions, groundings, fires and cargo disputes, marine insurance, ship and crew arrests, maritime litigation and arbitration, purchase, appraisement, and the sale and registration of vessels. Hanjin Shipping and Vietnamese company Dong Do Marine are key clients. Jivan Goonetilleke is noted.

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Tax
Tax - ranked: tier 2

D. L. & F. De Saram

D. L. & F. De Saram assisted Lafarge Holcim with the tax implications of the sale of its Sri Lankan subsidiary to Siam City Cement. Other work included advising China Machinery Engineering on tax-related issues concerning its investment in a power project in Sri Lanka. Savantha De Saram is the key contact.

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Sri Lanka

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