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Alicia Ling San Phang

Work +603 7890 3288 (Ext 263)
Albar & Partners

Work Department

Banking & Finance, Capital Markets and Islamic Finance.



Alicia’s practice covers banking and finance, with particular focus on corporate and syndicated lending, Islamic financing, project financing, cross border financing, real estate and REIT finance, trade financing, restructuring and refinancing. Her experience also includes advising on various debt capital market exercises which involved issuance of bonds and commercial papers and medium terms notes, both in conventional and Islamic structures.


Alicia graduated with a Bachelor of Laws (Hons) from University of London. She was admitted as an Advocate and Solicitor of the High Court of Malaya in 2012. Alicia commenced legal practice at Albar & Partners and was admitted as a Partner in 2018. 

Alicia has been involved in the following transactions:

  • Advised the joint principal adviser and lead arranger in the establishment of an unrated medium-term notes programme for issuance of unrated medium-term notes of up to RM 950 million in nominal value established by Amanahraya REIT to, inter alia, part finance the acquisition of the Vista Tower located in Kuala Lumpur.
  • Advised the principal advisers and joint lead arrangers in the establishment of an unrated medium-term notes programme for issuance of unrated medium-term notes of up to RM 1 billion in nominal value established by Southkey Megamall Sdn Bhd to part finance the development and construction of a shopping mall in Johor, Malaysia.
  • Advised a local financial institution in respect of a US Dollar term loan and cross currency swap facility granted to a non-resident controlled company to part finance its acquisition of Renaissance Kuala Lumpur Hotel together with the hotel business and assets.
  • Advised a local Islamic financial institution in respect of a Ringgit financing facility under the Shariah principle of Musharakah Mutanaqisah granted to a company that is wholly owned by one of the largest oil palm and rubber plantation company in Malaysia.


Bahasa Malaysia, English, Mandarin Chinese


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


LL.B (Hons), University of London.
Certificate of Legal Practice.
Advocate and Solicitor of the High Court of Malaya.


Banking and finance

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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Islamic finance

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

    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.

    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.