Firms To Watch: Corporate and M&A

Amir & Amir Law Associates has experience advising on international joint ventures and corporate law for a variety of clients. Managing partner and UK qualified barrister Tania Amir is the recommended contact as is senior counsel Amir-ul Islam.
At DFDL Bangladesh, the full-service corporate practice handles corporate finance work, M&A and foreign direct investments. Managing partner Shahwar Jamal Nizam  in Dhaka regularly advises multinational clients on international joint ventures and project financings.
The corporate practice at THE LEGAL CIRCLE is led by Anita Ghazi Rahman who handles corporate transactions, contracts and joint venture matters for large domestic companies and multinational clients.

Corporate and M&A in Bangladesh

A.S & Associates

At A.S & Associates, the corporate finance team is led by managing partner A.S.A Bari . It handles a wide range of transactional and corporate advisory work for clients such as national banks and multinational companies. Farhana Khan  is the key contact for complex M&A and restructurings, and has notable expertise in the telecoms sector. Ferdausur Rahman  handles commercial contracts work, and is also knowledgeable about corporate governance, compliance and regulatory issues. In addition to generating mandates from clients on a standalone basis, the firm also attracts referral work from international law firms.

Practice head(s):

A. S Bari

Other key lawyers:

Ferdausur Rahman; Farhana Khan


‘The team at AS & Associates has provided us with timely, practical, and valuable advice on a range of corporate and tech regulatory matters in recent years. The team is responsible and pragmatic, and the sophistication of its advice compares favorably with other top-notch firms globally.’

‘Farhana Kahn has been our key contact in a range of matters; she has been responsive, sharp and pragmatic throughout.’

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 TrialsLimited

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

EnergisPower Corporation Limited

Envoy Textiles Limited

EPV Thakurgaon Limited

Equitable Group

ESS Advisory

Etihad Airways

EvonikBangladesh Limited


Financial Excellence Limited

Freudenberg & Vilene International Limited

Godrej Household Products (Bangladesh) Limited

GrandallLaw Firm

Great Western Energy (BD) Limited

Harmony Builders Limited

HodaVasiChowdhury & Co.


Huntsman Singapore Pte Limited

Hyundai Oilbank Co., Ltd

IDLC Finance Limited

Imagine Radio

InfraCoAsia DevelopmentPte.Ltd.

Infrastructure Development and Company Limited

Institute for Healthcare Improvement

International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b)

International Corporate Protection Group Ltd.

Jumo GmbH


KingStubb&Kasiva, Advocates & Attorneys

Kyeryong Construction Industrial Co. Limited

Lanka Bangla Investments Limited



Maersk Bangladesh Limited

Malala Fund

Mamiya-OP Co. Ltd

MAS Intimates Bangladesh (Pvt) Ltd

Matsuoka Corporation

Mayer Brown LLP

MBM Group

MCC (Singapore) Development Limited

MedecinssansFrontieres, France, Belgium, Spain and Holland

Midland Bank Limited

Milvik Bangladesh Limited

Mitsui & Co Limited

Navana Electronics Limited

NCC Bank Limited

NDB Capital Limited

New Mileage (Hong Kong) Technology Limited

Nishimura and Asahi

NJS Consulting

NorincoIntl. Power Limited

NRB Bank Limited


Phoenix Finance Limited

Proton Holdings

Pubali Bank Limited

RPCL-Norinco International Power Limited

Sarens India Heavy Lifting Pvt Limited

Shah Fibbers Limited

Shaoxing Keqiao Douan Imp andExpCo. Ltd.

Sheba Platform Limited

Sichuan Road and Bridge (Group) Corporation Limited


Snehasish Mahmood & Co

Social Trust Co. Ltd.

Subra Limited

Subra Systems Limited

Terre Des Hommes

The City Bank Limited

The Himalaya Drug Company Ltd

The Salvation Army

Thomson Reuters Foundation

Vertical Innovations Limited

VIVO – Best Tycoon (BD) Enterprise Limited

Volkswagen Aktiengesellschaft

White & Case LLP

World Bank Group

Wulling Power Corporation

Xen Works Limited

Yonder Music Inc.



Zhejiang Huida Textiles and Garments Co. Ltd.

ZhongLunLaw Firm, Beijing

Work highlights

  • Advised Subra Systems Limited on restructuring the shareholding of the Company for ensuring effective control in the management of the board by the sponsor shareholders, and assisting to issue shares to the public through Initial Public Offering (IPO)and listing the Company with both stock exchanges of Bangladesh.
  • Conducted detailed regulatory assessment under applicable regulatory regime to launch two unique tobacco products by MNCs in Bangladesh, and provide regulatory assessment report to Herbert Smith Freehills for their use.
  • Acting as the legal counsel of a Merchant Bank to design and structure a deal to offload substantial shares of the company in favour of a foreign investment bank, who is willing to make FDI in Bangladesh.

Mahbub & Company

Mahbub & Company has a strong track record in cross-border M&A, with it being seen as a first port of call for advice among both acquiring and target companies. Its team is led by Saqeb Mahbub, who has notable experience of handling cross-border investments into Bangladeshi tech companies. He works with Rifat Rahman and Mohua Morshed, who advise clients on matters such as cross-border commercial agreements and joint ventures.

Practice head(s):

Saqeb Mahbub

Other key lawyers:

Rifat Rahman; Mohua Morshed

Key clients

Cross-border Education Technologies Pte Ltd. (Shikho)



Live Green BD Limited

Multimode Group

Omicon Tech Ventures

Joikko Agro Limited

Multi Sourcing (Pvt.) Ltd.

DAI Global LLC

Atos Information Technology (China) Co. Ltd.

Arogga Inc.

The City Bank Limited

Dekko Isho Group

Handyman 24-7 Co. Ltd

LBC Media

Muslim Aid UK

Mutual Trust Bank

Viamo Inc

Identity Group

Multiplier Inc

Monsoon Holdings Limited

Work highlights

  • Advised Omicon Tech Ventures on its investments in three Bangladeshi tech start-ups.
  • Advised institutional investor DEKKO Isho Group on its investment in an AI-based marketing start-up and its acquisition of majority shares in a green bioplastic enterprise.

Doulah & Doulah

Doulah & Doulah is active in key infrastructure and PPP projects across Bangladesh, and it is frequently instructed to handle related project finance transactions. Led by Amina Khatoon, the team also advises multinational companies on M&A and restructurings. It is notably active in sectors such as renewable energy, power and pharmaceuticals. A.B.M. Nasirud Doulah is another key individual in the group.

Practice head(s):

Amina Khatoon

Other key lawyers:

A.B.M. Nasirud Doulah


‘Nasir Doulah is one of our go to local partners in Bangladesh. He knows the local landscape well and provides well-priced advice to us and our clients.’

‘Mr. Nasir Doulah has been sound in his advice and prompt with all his responses. He has served as a good local counsel on a cross border transaction we are working on.’

Very responsive and pragmatic advice.’

Very good communication. Pragmatic and sensible solutions.’

Key clients


JC Penney

General Electric

Hyatt Hitels


Scatek Solar




Jafpa Comfeed

Work highlights

  • Acted for JCPenney in restructuring its business and its implementation in Bangladesh.
  • Acted for Gulf Pharmaceuticals on the sale of its business, including pharmaceutical plant in Bangladesh
  • Advising China Machinery Engineering Corporation in its development of 35MW first of its kind waste to energy power plant with already secured power purchase agreement with Bangladesh Government.


At Sattar&Co., the corporate group handles large cross-border transactions for multinationals and local conglomerates. The team, which is led by Sameer Sattar, is frequently instructed by clients in the aviation, e-commerce and telecoms sectors. In addition to acting on M&A and foreign direct investment transactions, its other experience includes restructurings and commercial contracts work. The firm’s strong reputation in the market sees it often act as local counsel to international firms in Southeast Asia. At associate level, Khademul Islam Choyon advises on cross-border acquisitions and foreign direct investments.

Practice head(s):

Sameer Sattar

Other key lawyers:

Khademul Islam Choyon; Muhaimin Ahmed Chowdhury


‘The team is very professional. During Covid, they have supported us online and offline (physical visit in the case of emergency) and provided unique support late at night with the full board.’

‘Mr. Sameer Sattar, the head of the team, is knowledgeable and supportive.’

Key clients

Ascena Retail Group Inc.




Lions Gate Entertainment Corporation

Nordic Aviation Capital

Ralph Lauren

Stenn International Ltd.


Unilever Bangladesh Limited

Work highlights

  • Advised Trilegal (acting for Stillfront) on the largest acquisition in the gaming/entertainment sector. The client acquired Bangladeshi company ULKA Games Limited, which is a one-step down subsidiary of the Indian gaming company Moonfrog Labs Private Limited. Along with other incidental matters, the team advised on the foreign exchange laws, with regard to the arrangement between the Bangladeshi company and the foreign counterpart, as well as the labour laws of Bangladesh, as well as the gambling laws of Bangladesh. The whole exercise includes accessing the Virtual Data Room and perusing the relevant documents relating to the Bangladeshi company.
  • Instructed on a regular basis to advise Tencent Holdings Ltd., a prominent multinational AI and internet-service conglomerate and gaming company, on the relevant laws related to information technology and internet-entertainment within Bangladesh.
  • Advises Ralph Lauren on a regular basis in relation to its employment law matters in Bangladesh.


TANJIB ALAM & ASSOCIATES‘ team is strong in domestic and cross-border M&A and takeovers. Led by Tanjib-ul Alam , it maintains a strong profile among clients such as telecoms giants and financial institutions. Alam works with Kazi Ershadul Alam , who has a focus on international transactions, and regulatory and corporate law issues.

Practice head(s):

Tanjib-ul Alam

Other key lawyers:

Kazi Ershadul Alam; Imran Anwar

Key clients

InfraCo Asia Development Pte Ltd.

Shohoj Limited

Paramount Textiles Limited

Kazi Farms Limited

Confidence Group

United Group


Mir Group

City Bank Limited

bKash Limited

Work highlights

  • Advising InfraCo Asia Development Pte Ltd on the acquisition of shares through equity financing in a local LPG storing and bottling plant/company.
  • Acted for Shohoj Limited in a long-term negotiation for entering into a joint venture agreement with a Singapore-based company.
  • Advising Paramount Textiles Limited on the purchase of an 80% stake in Intraco Solar for BDT 60 crore in a bid to enter the renewable energy market. This is one of the significant deals in the past year in the energy sector in Bangladesh.

The Law Counsel

The Law Counsel has a proven track record acting for local and foreign companies on a wide variety of corporate mandates, such as market entry, compliance and commercial contracts. Ehsan Abdullah Siddiq has expertise in corporate governance and compliance. The team also includes Imran Siddiq, who has a well-established reputation advising clients in the telecoms industry. The team receives a stream of instructions from international law firms in the TMT and IP sector and also has large employment offering. Senior partner Abdur Razzaq splits his time between London and Dhaka.

Practice head(s):

Abdur Razzaq; Imran Siddiq; Ehsan Abdullah Siddiq

Other key lawyers:

Chowdhury Ishrak Ahmed Siddiky; Syed Mohammad Raihan Uddin; Mohammad Shahnewaz

Key clients

Islami Bank Bangladesh Ltd.

Mott McDonald Group

MGF Sourcing


Caterpillar Power Generation Systems (Bangladesh) Ltd.

Oracle Corporation Singapore (Pte) Ltd.

International City/County Management Association



Saudi Arabian Airlines Ltd.

Cisco Systems

GlaxoSmithKline Services Unlimited


Macquarie Group

Reliance Insurance Ltd.

Akij Biri Factory Ltd.

Leonardo, SpA

Essilor India Ltd.

Alpha Credit Rating Ltd.

Sunshine Navigation International Ltd.

Work highlights

  • Advising MGF on various aspects of Bangladesh labour legislations, including issues such as termination and dismissal of employees, leave and provident fund entitlements, etc.
  • Assisting Nokia with their corporate filings, as well as performing their secretarial functions as mandated by the Companies Act, 1994, including advising on all aspects of corporate compliance.
  • Advising Dabur, a leading manufacturer of consumer products based in India, on compliance of all aspects of its business operations with Bangladesh law, in particular advising on compliance with intellectual property and competition laws.

Vertex Chambers

Managing partner Junayed Chowdhury, who leads the corporate team at Vertex Chambers, is experienced in advising national and international companies on a wide range of corporate and commercial matters. The firm’s client roster includes entities from the steel, tobacco and financial sectors. Tanvir Quader and Sajeda Farisa Kabir  (who divides her time between Dhaka and Sydney) are also recommended.

Practice head(s):

Junayed Chowdhury

Other key lawyers:

Sajeda Farisa Kabir; Tanvir Quader


The team goes above and beyond to meet your needs and engage with you in the way that suits the client.’

Key clients

Unilever Bangladesh Limited

Bay Developments Limited

World Bank Group

International Finance Corporation

Compassion International

SAJIDA Foundation

Jan De Nul NV

British American Tobacco Bangladesh

British-American Tobacco Marketing (Singapore) Private Limited

Teach For Bangladesh

The City Bank Limited

Asiatic 3sixty

GE Medical Systems Bangladesh Limited

Louis Dreyfus

PricewaterhouseCoopers India

Refinitiv Limited (a Reuters concern)

Standard Chartered Bank Bangladesh

Standard Chartered Bank UAE

Accord Shipping Limited

PRAN Foods Limited

Southeast Bank Capital Services Limited


Edge Research and Consulting Limited

EK Architects

Fondation Hirondelle

Institute of Architects Bangladesh

Inn Star

Jumo Bangladesh Ltd

Legal Action Worldwide

Migrant Offshore Aid Station

Norwegian Refugee Council

Mutual Trust Bank Limited


Inpace Management Services Ltd.

Deltex Ltd.

BSRM Steels Ltd.

Feni Lanka Power Limited

KRD Ventures Ltd

Shamolima Limited

Southtech Limited

Excelerate Energy Bangladesh Limited

Teach For Bangladesh

Young Life

Work highlights

  • Advised on whether a non-profit organisation can manufacture/sell hand sanitiser and masks during the height of Covid-19 pandemic in 2020. The firm also provided advice on the legal requirements/licencing requirements for manufacturing and selling of hand sanitizer and masks.
  • Gave a client strategic legal advice on inter-company financing and SEC compliance in light of a show-cause letter from the Bangladesh Securities and Exchange Commission.
  • Advised a client on a corporate restructuring, where the client wanted to form multiple trusts across the country for better administration and provision of services.