Banking and finance in Bangladesh

A.S & Associates

At A.S & Associates, the banking and finance team has a strong track record in handling syndicated loans and project finance transactions. In particular, the team has experience in international lending and cross-border financial deals, as well as Islamic finance and securitisation. Compliance specialist Ferdausur Rahman along with Dewan Faisal leads the team.

Practice head(s):

Ferdausur Rahman

Other key lawyers:

Dewan Faisal


‘Very cost effective and best legal service in Bangladesh’

Key clients


Alltech Biotechnology Pvt. Ltd.

Amzi & Associates

APM Global Logistics Bangladesh Limited

Banco Securities Limited

Beijing Deheng Law Firm

Beijing Kangda Law Firm

Bangladesh Clinical Trials Limited

Bangladesh Freight Forwarders Association

Bangladesh Power Development Board, BPDB

Bird & Bird LLP

Classic FoodLab Limited

China Exim Bank Limited

China Railway Engineering

City Bank Capital Resources Limited

Clyde & Co. Clasis Singapore

Clyde & Co. UK

Codes & Labels Limited

Danish Condensed Milk Limited

Danske Bank A/S

Deloitte Bangladesh

Deloitte India


Deutsche Bank AG

Devotech Technology Park Limited

Dhaka Bye-pass Expressway Limited

Doreen Power House and Technologies Limited

Doreen Power Limited

Drew & Napier

Energis Power Corporation Limite d

Envoy Textiles Limited

EPV Thakurgaon Limited

Equitable Group

ESS Advisory

Etihad Airways

Evonik Bangladesh Limited


Financial Excellence Limited

Freudenberg & Vilene International Limited

Godrej Household Products (Bangladesh) Limited

Grandall Law Firm

Great Western Energy (BD) Limited

Work highlights

  • Advised Rural Power Company Limited in availing a syndicated foreign loan facility for establishing a duel fuel power plant project of 420 MW at Mymensingh, Bangladesh.
  • Advised Delta Brac Housing Finance Corporation Ltd. to issue a Bond of BDT 3,000,000,000.00, a capital market instrument in the form of debt securities, in the private placement.
  • Advising the Client, one of the world’s leading financial service providers, in setting up local presence in Bangladesh in line with banking sector regulations.

Doulah & Doulah

Doulah & Doulah‘s finance and infrastructure team is renowned for its work on high value transactions containing cross border elements in the fields of PPP, M&A, project finance and energy. The team specialises in structuring work while advising conglomerates and banks on a range of complex banking issues such as documentary credits and derivatives matters. A B M Nasirud Doulah leads the team while acting on some of the country’s most significant ECA finance matters, supported by Amina Khatoon.

Practice head(s):

A.B.M. Nasirud Doulah

Other key lawyers:

Amina Khatoon


‘High dedication, commitment and fast turnarounds’

‘Doulah & Doulah are frankly unique in their timely response to all our time critical requests for assistance on all energy and infrastructure related matters.’

‘Nasir Doulah stands out for his commercial approach and pragmatic advice’

Key clients

Bangladesh Infrastructure Finance Fund Limited


Hong Kong Mortgage Corporation

Islamic Development Bank

The Islamic Corporation for the Development of the Private Sector (ICD)

Export Import Bank of China

China Development Bank

China Agricultural Bank

China CITIC Bank

Mashreq Bank

Deutsche Bank



BHF Bank

Work highlights

  • Acted as lenders counsel for a consortium of China Development Bank and Export & Import Bank of China in USD1.7 billion financing in 2×662 MW Kalapara Coal Fired Power Plant.
  • Acting as Sponsors Counsel for USD150million financing by Development Bank of Singapore for Mymensingh 50MW Solar Park.
  • Acting for a consortium of Bangladesh Infrastructure Finance Fund Ltd., China CITIC Bank and China Development Bank in financing of USD412 million in a PPP toll road project.

Mahbub & Company

A leading name in the banking and finance sector, Mahbub & Company has a strong track record in both traditional banking matters and the emerging fintech sector, being one of the few firms in Bangladesh to take on cryptocurrency-related advisory work. The team is especially well-known for its work pertaining to banking litigation, loan recovery and insolvency proceedings. Banking litigation and fintech expert Saqeb Mahbub leads the team, supported by associates Rifat Rahman and Tasmiah Zaman.

Practice head(s):

Saqeb Mahbub

Other key lawyers:

Rifat Rahman; Tasmiah Zaman

Key clients

City Bank

Mutual Trust Bank

National Bank

Mostafa Group





City Bank

Viterra (Wings Agriculture Pte. Ltd.)

Xiaomi Technology India Private Limited

Multiplier Technologies Pte


Rahmat Store

Pragati Life Insurance/Tajwar Awal

Dream Power Private Limited

Peninsula Steel


Top Grade


Fourth Partner

New Miracle Fintech Lt

Work highlights

  • Advised a renewable energy company on debt and equity financing options, restrictions and compliances
  • Represented a Singaporean telecom provider in a bank debt claim in Bangladesh
  • Advised a multinational fintech company on compliances relating to lending business


TANJIB ALAM & ASSOCIATES‘s banking and finance department works with local and multinational banks on a range of banking and finance issues. This includes purchase or sale of loan portfolios, acquisition of mortgage banking companies, corporate restructuring and anti-money laundering issues. Practice head Tanjib-Ul Alam is a leading figure in corporate law, working with experienced team members Kazi Ershadul Alam and M. Saquibuzzaman.

Practice head(s):

Tanjib-ul Alam; Kazi Ershadul Alam

Other key lawyers:

M Saquibuzzaman; Nazmun Binte Islam

Key clients

Bangladesh Bank

Mashreq Bank Psc

Eastern Bank Limited

Woori Bank Limited

Prime Bank Limited

The City bank Limited

Citibank N.A.

The Hongkong and Shanghai Banking Corporation Limited

Jamuna Bank Limited

IDLC Finance Limited

Work highlights

  • Advised Dutch Development Bank- FMO and others on financing in ACI Motors Ltd., one of the pioneers of agricultural machineries in Bangladesh.

The Law Counsel

The Law Counsel features a strong banking litigation practice which acts for some of the largest private banks in Bangladesh on a range of complex commercial, employment and labour law matters. In particular, the firm is known for its expertise in handling Shari’ah aspects of finance projects as well as its vast experience in administrative and banking law. The main points of contact at the firm are Abdur Razzaq, Ehsan Abdullah Siddiq and Imran Siddiq.

Practice head(s):

Abdur Razzaq;  Ehsan Siddiq; Imran Siddiq


‘Law Counsel is a very forward-thinking law firm which is quite adept in adopting to address ever-increasing challenges introduced by constant technological improvements experienced by the industry in recent years. They always focus on the capacity building of their team so that they are able to provide the best service available to their clients.’

Key clients

Islami Bank Bangladesh Ltd.

Social Islami Bank Limited

Reliance Insurance Ltd.

Alpha Credit Rating Ltd.

Sandhani Life Finance Ltd.

Work highlights

  • Advised Islami bank Bangladesh Limited (“IBBL”) and acted as Common Legal Counsel in a syndicated financing arrangement valued at USD 74.10 million for establishing a 113MW Power Plant in Bangladesh with Islami Bank Bangladesh Ltd. as the lead financier.
  • Advised Sandhani Life Finance Limited, a large non-banking financial institution in Bangladesh regarding the raising of USD 3.3 million by way of issuance of Commercial Paper Notes.
  • Advised and defended Islami Bank Bangladesh Limited (“IBBL”) against a claim made by a Singaporean company before the High Court Division in Bangladesh for payment against a Letter of Credit although the documents were found to discrepant by the nominated bank.

DFDL Bangladesh

DFDL Bangladesh‘s banking and finance team combines international offshore expertise with strong experience in a number of local practice areas, including energy, infrastructure, M&A, telecoms and general banking matters. The team is also involved in a number of prominent fintech and acquisition matters throughout the Asia Pacific region. Shahwar Jamal Nizam leads the team with a focus on the development, financing and acquisition of power, energy and infrastructure projects. He is supported by Mahboob Aziz and Tarannum Tasnim.

Practice head(s):

Shahwar Nizam

Other key lawyers:

Mahboob Aziz; Tarannum Tasnim

Key clients

JICA – Japan International Cooperation Agency

Clifford Capital


Export Import Bank of China


International Finance Corporation

DBS Bank


Work highlights

  • Acted as the lender’s local counsel in relation to providing export buyer’s credit facility to the first PPP project in Bangladesh namely, First Dhaka Elevated Expressway