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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

Lily Chea Li Tan

Tel:
Work +603 7890 3288 (Ext. 209)
Email:
Web:
www.albar.com.my
Albar & Partners

Work Department

Banking & Finance, Corporate & Commercial, Capital Markets (Debt & Equity), Islamic Finance.

Position

Joint Managing Partner

Lily is one of the founding partners of Albar & Partners. Lily is the Joint Managing Partner. She heads the Corporate and Commercial and Equity Capital Markets practice groups, while also co-leading the Banking & Finance practice group. Lily focuses on large scale M&As and de-mergers, public take-overs initial public offerings, listings and de-listings, REITs, privatisation projects and joint ventures. She is highly experienced in sophisticated structured finance, asset backed securitisation and project finance transactions (both domestic and cross border), conventional bonds and complex Sukuks. With her extensive background, Lily has advised in many ground-breaking transactions which have won awards as some of the top deals in the nation and South East Asia.

Career

Lily graduated with double degrees, a Bachelor of Economics (Accounting) and a Bachelor of Laws from Monash University, Melbourne, Australia. She was admitted as an Advocate & Solicitor of the High Court of Malaya and commenced legal practice as a Banking & Finance associate at Messrs. Albar, Zulkifly & Yap. She enjoyed a meteoric career and was admitted into the partnership within 3 years. Lily is one of the founding partners who established Albar & Partners. She is currently the Joint Managing Partner.

At the ALB Malaysia Law Awards 2017, Lily won the inaugural Woman Lawyer of the Year award. She was listed by the Euromoney Expert Guide series as a leading lawyer in Capital Markets Guide (2011), Banking, Finance and Transactional Guide (2012, 2017 & 2018) and Women in Business Law Expert Guide (2015, 2016 & 2017). Since its 2014 edition until current, Lily was recognised as a “Leading Individual” in Banking & Finance in Malaysia by The Asia Pacific Legal 500. Additionally, annual surveys conducted by Asialaw Leading Lawyers ranked Lily as a Leading Lawyer in Malaysia in the practice areas of Capital Markets & Corporate/M&A (2014 edition) and Market Leading Lawyer for Banking, Capital Markets and Construction & Real Estate (2015 to 2019 editions). Chambers Asia Guide has featured Lily as a Leading Lawyer for Banking & Finance and Corporate/Commercial: Equity Markets since its 2015 edition until current. The IFLR1000: Guide to the World’s Leading Financial Law Firms also recommends Lily as a Highly Regarded Leading Lawyer for Banking & Finance, Capital Markets and M&A.


Within the Islamic Finance space, Lily was voted as a Leading Lawyer for several years by global senior industry Islamic finance practitioners (including issuers, investors, non-legal financial intermediaries & regulators) in annual surveys conducted by the Islamic Finance News in the IFN Leading Lawyers Survey for Project Finance (2009), Banking & Finance (2010), Banking & Capital Markets (2011) and M&A (2012).

Lily has led in several notable and award-winning transactions including:

  • Advised Malaysia Building Society Berhad (MBSB) in its merger with Asian Finance Bank Berhad (AFB), in which MBSB acquired 100% equity interest in AFB in a RM2.2 billion deal to establish, the 2nd largest stand-alone Islamic Bank in Malaysia.
  • Advised the principal advisers and arrangers 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 the public offering of shares by Serba Dinamik Holdings Bhd in conjunction with its listing on the Malaysian stock exchange: Equity Market IPO Deal of the Year 2017 (ALB Malaysia Law Awards 2017),
  • Advised the principal adviser and arranger in the RM2 billion perpetual sukuk established by DRB-HICOM Bhd: Islamic Finance Deal of the Year (Asian Lawyer Emerging Markets Awards 2015) and Asian-MENA Counsel Deal of the Year 2015.
  • Advised the issuer in Boustead Plantations Berhad IPO and the Boustead REIT privatisation: Best Islamic Privatisation (Triple A Islamic Finance Awards 2014), Islamic Finance Deal of the Year (Asian Lawyer’s Emerging Markets Awards 2014), Equity Market Deal of the Year (ALB Malaysia Law Awards 2015).
  • Advised the issuer in the RM16 billion IPO for Felda Global Ventures Holdings Berhad: Malaysia’s largest and the world’s 2nd largest IPO at the point of listing in 2012, Asian-MENA Counsel Deal of the Year 2012, IPO Deal of the Year (IFN Law Awards 2012).
  • Advised the joint lead arrangers & managers in the Tanjung Bin Energy RM6.8 billion project finance: Asia Pacific Project Bond of the Year (PFI Awards’ 2012).
  • Advised the issuer in the US$4.2 billion IPO for PETRONAS Chemicals Group Berhad: Malaysia’s largest and the largest South-East Asian IPO in 2010: Best Malaysia Deal (Finance Asia’s Awards for Achievement 2010), Equity Deal of the Year (IFN Deals of the Year Awards 2010).

Languages

Bahasa Malaysia, English, Cantonese and Hokkien dialects.

Member

Advocate & Solicitor of the High Court of Malaya and member of the Malaysian Bar

Education

B.Ec (Accounting), Monash University, Melbourne, Australia.
LL.B, Monash University, Melbourne, Australia.
Advocate and Solicitor of the High Court of Malaya.


Malaysia

Banking and finance

Within: Leading individuals

Lily Chea Li Tan - 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

Lily Chea Li Tan - 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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Corporate and M&A

Within: Corporate and M&A

Lily Chea Li Tan heads the 'strong' practice at Albar & Partners, which is praised for its 'quick response times and accuracy'. The 'very good, timely and accurate' Seet Hooi Ping assisted Tan with advising Malaysia Building Society on its RM645m purchase of Asian Finance Bank from four financial institutions. Other clients include Felda Marketing Services and Chemical Company of Malaysia. Niv Chiw Poh Lee is a 'meticulous, consistent' partner.

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Islamic finance

Within: Leading individuals

Lily Chea Li Tan - 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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Projects and energy

Within: Projects and energy

Specialising in project finance, especially in the real estate sector, the team at Albar & Partners also has experience in the energy sector. Lily Chea Li Tan acted for YTL Power International on its issuance of RM2.5bn to finance an equity contribution in a 1,320MW power plant in Indonesia and to part-finance the construction of a 470MW power plant in Jordan. The practice counts several banks, such as Maybank Investment Bank and Bank of China (Malaysia), among its clients.

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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

    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 ‚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.