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SUITE 14-3, LEVEL 14, WISMA UOA DAMANSARA II, NO.6 CHANGKAT SEMANTAN, DAMANSARA HEIGHTS,, KUALA LUMPUR, 50490, MALAYSIA
Tel:
Work +603 7890 3288
Fax:
Fax +60 3 7890 3266
Email:
Web:
www.albar.com.my

The firm: Albar & Partners can trace its origins back to 1981. Today, Albar & Partners is an award-winning law firm based in Kuala Lumpur comprising nearly 100 professionals and support staff. With comprehensive understanding of the financial markets and its wealth of experience, Albar & Partners is one of Malaysia’s leading law firms in banking and finance with a strong emphasis on capital markets, as well as corporate and commercial law. The firm’s reputation has been forged over the years by offering innovative and value-added solutions to clients, grounded in clarity, insight and win-win partnerships.

There are a set of values which underpin our objectives, corporate culture and the way we work at Albar & Partners:-

  • Leading Expertise. Delivered in Excellence.
  • Powered by Passion. Driven by Solutions.
  • Wealth of Experience

Areas of practice: Banking and finance: The award-winning Banking and Finance practice group offers a multitude of legal services for various transactions including corporate and syndicated lending, asset and share financing, acquisition and leveraged finance, mezzanine and structured finance, real estate and REIT finance, derivatives, interest and currency swap, cross-border and offshore lending.

The largest practice in the firm, Albar & Partners represent and advise both local and international financial institutions, state-owned entities, multi-national and government – linked corporations, public listed companies and conglomerates. The partners and associates have the requisite skills and depth of knowledge to advise on and structure transactions which are customised to clients’ needs coupled with a practical approach to balance between the parties’ objectives.

Capital markets: Albar & Partners bring the necessary expertise to meet the continuously evolving and diverse funding requirements of corporations in Malaysia. The debt capital markets team command vast experience in areas such as Sukuk, commercial papers, medium term notes, asset-backed securities and convertible and exchangeable securities whereas the equity capital markets team handle all aspects of domestic and cross-border transactions including IPOs, rights offering and private placements. Clients include advisers, agents, trustees, investors and issuers ranging from various industry sectors.

Corporate & Commercial: Albar & Partners provide advice on company and securities transactions dedicated towards serving the clients’ interests and goals in business. The firm acts in domestic and cross-border acquisition and divestments, corporate finance, M&A, take-overs and reverse take overs, joint ventures, privatisations, corporate restructuring and scheme of arrangements, foreign direct investment advice including formation and structuring of corporate entities. Industry sectors canvassed include Projects & Infrastructure, Securities regulations, ICT, Defence and Security, Government and Public Policy, Energy, Oil & Gas and Utilities Hospitality & Leisure.

Islamic finance: A pioneer in Islamic finance, Albar & Partners played a pivotal role in Malaysia’s first ever Islamic securitisation programme under the Shariah principle of Musyarakah arising out of a tri-partite Istisna’ contract. In addition, we take great pride in being involved in the world’s first ever Islamic principle-based plantation real estate investment trust. Drawing on the firm’s vast knowledge of the philosophy and application of Shariah principles, we are instrumental in advising and structuring numerous innovative Islamic financing transactions.

Litigation: The firm’s Litigation and ADR practice features lawyers who specialise in resolving disputes for various clients such as major local banks, financial institutions, insurance corporations, government linked companies and other conglomerates in Malaysia.

We participate in the full spectrum of dispute resolution and litigation mechanisms, ranging from negotiation, mediation, arbitration and conflict resolution to vigorous courtroom strategy, interlocutory applications, trials and appellate proceedings. The firm’s dedicated legal team provide counsel on a broad spectrum of legal issues including banking litigation, debt recovery, execution and enforcement proceedings, commercial litigation, construction disputes & arbitration, insolvency advice pertaining to liquidation, winding up, bankruptcy, special administrator, restructuring and appointment of receivers and managers.

Project finance: The dynamic practice is experienced in advising in project financing for various industry sectors such as construction, education, energy and power, healthcare, infrastructure, leisure, oil and gas, plantation and property development projects. Often involved at the very initial stages of negotiations, Albar & Partners plays an important role in the structuring process by helping clients to assess and contain risks to ensure adequate protection of interests.

Recent accolades: four times winner of the Projects Energy & Infrastructure Law Firm of the Year Award at the ALB Malaysia Law Awards.

Acknowledged as an Outstanding Firm in Banking & Finance, Banking & Financial Services and Capital Markets by Asialaw Profiles (2019).

Ranked as a Top Tier Firm in Banking & Finance and Capital Markets by IFLR1000(2019). 

Recognised as a Top Ranked Firm in Banking & Finance, Debt Capital Markets and Equity Capital Markets by Chambers Asia Pacific (2018).

Recent transactions:  Advised the issuer in the RM2 billion Sukuk Programme for Senior and Subordinated Sukuk Murabahah established by Danajamin Nasional Berhad, Malaysia’s first financial guarantee insurer (Commodity Murabahah/Tawarruq Deal of the Year: IFN Law Awards 2017).

Advised the principal advisers in the RM800 million unrated perpetual Sukuk Wakalah established by Tanjung Bin Energy Sdn. Bhd (Perpetual Deal of the Year: IFN Law Awards 2017). Advised the issuer in Serba Dinamik Holdings IPO (Equity Market Deal of the Year: ALB Malaysia Law Awards 2017).

Advised the principal advisers in the RM245 million issuance by Sinar Kamiri Sdn. Bhd. under the Shariah principle of Wakalah Bi Al-Istithmar based on Securities Commission’s Sustainable and Responsible Investment Sukuk Initiative for construction of a solar photovoltaic energy generating facility.

Advised Malaysia Building Society (MBSB) in its merger with Asian Finance Bank (AFB), in which MBSB acquired 100% equity interest in AFB in a RM2.2 billion deal creating the second largest stand-alone Islamic bank in Malaysia.

Advised Prestariang Berhad and its group of companies including Pestariang SKIN Sdn Bhd, the concessionaire of the System Kawalan Imigresen National (SKIN) granted by the Government of Malaysia, in relation to the concession agreement and other related agreements including project financing, master development and service agreements and value-added service agreements in respect of the SKIN project.

  • Contacts
  • 

  • Ms. Lily Tan Chea Li (Joint Managing Partner)
  • 

  • Mr. Chung Swee Loong (Joint Managing Partner)
  • 

  • Number of lawyers: 36
  • Languages
  • English
  • Tamil
  • Bahasa Malaysia
  • Chinese (Mandarin)

Above material supplied by Albar & Partners.

Legal Developments by:
Albar & Partners

  • The Largest IPO in Southeast Asia: Petronas Chemicals Group

    Petronas Chemicals Group (PCG) is the largest petrochemical company in Malaysia and one of the largest petrochemical producers in Southeast Asia. It has a history of 25 years in the petrochemical industry and its pedigree is further enhanced by the fact that it is a subsidiary of Petroliam Nasional (Petronas), the national oil company of Malaysia.
    - Albar & Partners

Legal Developments in Malaysia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Call for AML Regulation for Cryptocurrencies

    Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy.  While honest individuals rejoiced at cryptocurrencies’ legitimate benefits; ranging from an increased degree of privacy and confidentiality to less transactional costs, cybercriminals saluted the decentralised networks and perceived anonymity behind cryptocurrencies for presenting them with the perfect crypto cleansing opportunity to launder money in an unprecedented and largely unregulated sector in the financial industry.
  • Office for Competition Issues its First Commitments Decision

    The Office for Competition has adopted what appears to be its first commitments decision, in a case where it raised concerns about exclusivity agreements lasting for five years or more.
  • The Financial Services Act 2012

    (Part 1 of 4) By Gopal Sundaram
  • The Islamic Financial Services Bill 2012

    (Part 1 of 4) By Gopal Sundaram Jan 2013
  • Amendments to the Employment Act 1955

    The Employment (Amendment) Act 2012 received royal assent and became law on 30th January 2012. It has now come into operation since 1st April 2012.
  • Malaysian Corporations Making Headway in the Global M&A Scene

    Malaysian companies continue to make waves internationally by acquiring large companies abroad. Leveraging on the European debt crisis and the weak dollar, these companies have boldly made their mark on a global scale with impressive deals. Cross-border acquisitions are increasing trend in the Asian economic hot spots, with companies in China and India spearheading it. The consistently strong uptrend in foreign acquisitions and the increasing success of the same by China and India for the past few years has spurred growing interests of Southeast Asian companies to extend their reach to other continents.
  • Adjudication in Malaysia – the Construction Industry Payment and Adjudication Act 2012

    The Construction Industry Payment and Adjudication Act of Malaysia received royal assent and became law on 18th June 2012.
  • EVIDENCE / CYBER LAW

    PRESUMPTION OF GUILT – REMEDY OR JEOPARDY? Netizens in Malaysia now share a common fear and feeling of uneasiness following the swift passing of the Evidence (Amendment) (No.2) Bill 2012 in May 2012, which amends the Evidence Act 1950.
  • FGVH's IPO - Second Largest in the World after Facebook

    Malaysia’s Felda Global Ventures Holdings Berhad (“FGVH”) is a global agricultural and agri-commodities company, with operations in ten countries across the globe. According to Frost & Sullivan Malaysia Sdn Bhd, FGVH is the third largest oil palm plantation operator in the world based on planted hectarage in 2011. FGVH currently operates 343,521 hectares of oil palm plantation estates in Malaysia that produced 5.2 million metric tonne of fresh oil palm fruit bunches in 2011.
  • Competition...Friend or Foe?

    The announcement of the Malaysia Airlines (MAS)-AirAsia collaboration on 9 August 2011 was questioned by many quarters.