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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

Swee Loong Chung

Tel:
Work +603 7890 3288 (Ext. 268)
Email:
Web:
www.albar.com.my
Albar & Partners

Work Department

Banking & Finance, Capital Markets, Islamic Finance.

Position

Joint Managing Partner

Swee Loong is one of the founding partners of Albar & Partners. Swee Loong is the Joint Managing Partner. He co-heads the firm’s Banking & Finance and Debt Capital Markets practice groups. Swee Loong has a track record of having advised on many mega and innovative structures in Banking & Finance (both conventional and Islamic finance) and Debt Capital Markets instruments, structured finance, asset backed securitisation and project finance transactions, some of which have won awards as benchmark transactions in South East Asia.  

Career

Swee Loong graduated with double degrees, a Bachelor of Economics and a Bachelor of Laws from the University of Sydney, Australia. He was admitted as a Barrister-at-Law to the Supreme Court of New South Wales, Australia in 1990. Subsequently, he was admitted as an Advocate & Solicitor of the High Court of Malaya in 1991.

Swee Loong commenced legal practice as a Banking associate at Messrs. Shook Lin & Bok in Kuala Lumpur. In 1995, he joined Messrs. Albar, Zulkifly & Yap and was admitted as a Banking & Finance Partner thereafter. Swee Loong is one of the founding partners who established Albar & Partners. He is currently the Joint Managing Partner.

Swee Loong is acknowledged annually as a highly recommended Asia-Pacific-focused lawyer for Banking since the 2008 edition of Asialaw Leading Lawyers until current. He is listed as a Market Leading Lawyer for Banking & Finance and Capital Markets in the 2015 to 2019 editions by Asialaw Profiles. Within the Islamic finance space, he was regarded by the Islamic Finance News as a Leading Lawyer for Islamic Project Finance (2009) and M&A (2012). The Expert Guide series have featured Swee Loong as an expert for Islamic Finance (2010), Capital Markets (2011), Banking & Finance and Transactional Lawyers (2012, 2017 and 2018), Best of the Best: Islamic Finance (2013 & 2015).

Since its 2014 edition until current, Swee Loong is named as a Leading Individual in the practice area of Banking & Finance by The Asia Pacific Legal 500: Guide to Asia’s Commercial Law Firms. In recent years, Chambers Asia Guide has ranked him as a Leader in the field for Banking & Finance, Debt Capital Market and Islamic Finance. The IFLR1000: Financial & Corporate Guide also holds Swee Loong in high regard, and has featured him as a Highly Regarded Lawyer in Malaysia for Banking, Capital Markets, Energy & Infrastructure and Project finance for several successive years.  

Swee Loong has a track record of advising on innovative structures which have won numerous awards including:

  • Advised the issuer in the inaugural Sukuk Programme of up to RM 2 billion for Senior and Subordinated Sukuk Murabahah established by Danajamin Nasional Berhad, Malaysia’s first financial guarantee insurer. The deal was acclaimed Commodity Murabahah/ Tawarruq Deal of the Year (IFN Deals of the Year Awards 2017).
  • Advised the principal adviser and lead arranger in an unrated Islamic medium-term notes programme issuance of up to RM 10 billion established by Maxis Broadband Sdn Bhd, based on the Shariah principle of Murabahah (via a Tawarruq arrangement). This deal was recognised as Star Deal of the Year (Asia Business Law Journal Deals of the Year Awards 2017).
  • Advised the joint principal advisers and joint lead arrangers in the establishment of a medium-term notes programme of up to RM 3 billion in nominal value by MEASAT Broadcast Network Systems Sdn Bhd.
  • Advised a corporation, which was a wholly owned subsidiary of a Forbes Asia’s Fabulous 50 company and a leading global integrated oil and gas services and solutions provider, in a multi-currency Islamic medium term-notes programme of up to RM 7 billion in nominal value (or in USD equivalent), which was the first Sukuk lodged with the Malaysian Securities Commission under the Malaysian Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework 2015.
  • Also advised the same oil and gas giant in its senior multi-currency syndicated facilities of up to USD 5.5 billion (RM 21.34 billion) obtained from regional and international lenders, in a deal which was recognised as Malaysia Deal of the Year and Debt Market Deal of the Year (ALB Malaysia Law Awards 2015).
  • Advised Kencana Petroleum Berhad in the merger of businesses of the Kencana Petroleum Berhad group and the Sapuracrest Petroleum Berhad group through an offer to acquire the entire business and undertakings, including all assets and liabilities of Kencana Petroleum Berhad and an offer to acquire the business and undertakings, including all assets and liabilities of Sapuracrest Petroleum Berhad, resulting in the merger of assets of an aggregate value of over RM 11.8 billion to form Sapura Kencana Petroleum Berhad, the largest O&G player in the nation and a top 5 in the world by asset size in 2012.

Languages

Bahasa Malaysia, English and Cantonese

Member

Barrister-at-Law, Supreme Court of New South Wales, Australia Advocate & Solicitor of the High Court of Malaya and member of the Malaysian Bar

Education

B.Ec (Accounting), The University of Sydney, Australia.
LL.B, The University of Sydney, Australia.
Barrister-at-Law, Supreme Court of New South Wales, Australia.
Advocate and Solicitor of the High Court of Malaya.


Malaysia

Banking and finance

Within: Leading individuals

Chung Swee Loong - Albar & Partners

Within: Banking and finance

The full-service practice at Albar & Partners is jointly headed by Chung Swee Loong and Lily Chea Li Tan, and is particularly strong in advising banks and financial institutions on a range of high-value transactions. Tan acted for banks including Maybank Investment Bank and Bank of China (Malaysia) on a S$500m development loan to real estate company Novel Vortex. Other clients include United Overseas Bank and CIMB Investment Bank. Junior partner Abraham Tat Hon Teh is highly active in banking and finance matters. Niv Chiw Poh Lee and Alicia Phang Ling San both made partner in July 2018.

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Capital markets

Within: Leading individuals

Chung Swee Loong - Albar & Partners

Within: Capital markets

The 'responsive, experienced' team at Albar & Partners has 'in-depth knowledge' and provides 'constructive solutions'. It has been especially busy in debt capital markets this year, with Chung Swee Loong acting for CIMB Investment Bank as lead arranger on Maxis Broadband's RM10bn unrated sukuk murabahah programme. On the issuer side, Lily Chea Li Tan advised YTL Power International on its establishment of a RM2.5bn sukuk murabahah facility. Danajamin Nasional and UMW Holdings are additional issuer clients. Natalie Peh Suan Wan is active in equity capital markets.

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Islamic finance

Within: Leading individuals

Chung Swee Loong - Albar & Partners

Within: Islamic finance

'Very well-versed' in Islamic finance, the 'strong' team at Albar & Partners wins praise from clients for its 'quick responses and accurate advice'. Chung Swee Loong acted for CIMB Investment Bank as lead arranger on Maxis Broadband's RM10bn sukuk murabahah programme. Lily Chea Li Tan and Seet Hooi Ping are also active in the space. The 'meticulous, consistent' Niv Chiw Poh Lee made partner in July 2018, as did Alicia Phang Ling San.

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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

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  • 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 ‚Äď 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 ‚Äď 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‚Äôs Felda Global Ventures Holdings Berhad (‚ÄúFGVH‚ÄĚ) 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.