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.
Banking and finance in Bangladesh
A.S & Associates
Practice head(s):
Ferdausur Rahman
Other key lawyers:
Dewan Faisal
Testimonials
‘Very cost effective and best legal service in Bangladesh’
Key clients
Alcon
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
Dentons
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
Testimonials
‘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
Commerzbank
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
Akabank
Landesbank
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
Rapidcash
Binance
FIMBank
SKS
City Bank
Viterra (Wings Agriculture Pte. Ltd.)
Xiaomi Technology India Private Limited
Multiplier Technologies Pte
SEA
Rahmat Store
Pragati Life Insurance/Tajwar Awal
Dream Power Private Limited
Peninsula Steel
Singtel
Top Grade
Wagely
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
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
Testimonials
‘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
AIIB
Export Import Bank of China
SMBC
International Finance Corporation
DBS Bank
Mizuho
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