Firm Profile > Adnan Sundra & Low > Kuala Lumpur, Malaysia

Adnan Sundra & Low
LEVEL 11, MENARA OLYMPIA
NO. 8, JALAN RAJA CHULAN
50200 KUALA LUMPUR
Malaysia

Banking and finance Tier 1

With an impressive roster of both lender and borrowers among its clients, the banking and finance team at Adnan Sundra & Low has a reputation for handling high-value conventional and Islamic financing transactions. Its experience includes advising on Sukuks, corporate, real estate, projects and aviation financings for local, offshore and foreign clients. The group advised HSBC Bank Malaysia Berhad and United Overseas Bank on Mercedes-Benz Services Malaysia’s guaranteed bond programme and assisted Japan Bank for International Cooperation (JBIC) with Government of Malaysia’s issuance of 200bn yen ten-year Samurai bond. Deepak Sadasivan and Adrian Chee jointly lead the practice and both have experience in a range of corporate, capital markets and banking and financing work. Other names to note include Edward Ng, Kok Ling Gan and Murni Zukifli and Jennifer Lee who handle a range of banking and finance and debt capital market work.  Lai Kooi Thong joined DFDL in Cambodia.

Practice head(s):

Deepak Sadasivan; Adrian Chee

Key clients

Malayan Banking Berhad

Public Bank Berhad

CIMB Group

Hong Leong Bank Berhad

RHB Bank Berhad

AmBank (M) Berhad

United Overseas Bank (Malaysia) Bhd

OCBC Bank (Malaysia) Berhad

HSBC Bank Malaysia Berhad

Maybank Islamic Berhad

Capital markets Tier 1

Adnan Sundra & Low has a good reputation for its abilities across debt and equity capital markets transactions. The group is frequently instructed by issuers, lead advisers and arrangers of significant transactions. Deepak Sadasivan heads up the practice and has particular expertise advising on Islamic finance structures, Adrian Chee boasts broad experience handling both debt and equity capital market transactions while Kok Ling Gan and Edward Ng focus on debt capital market work. Other names to note include Jennifer Lee who has experience in both conventional and Islamic debt capital market deals. Lai Kooi Thong left the practice.

Practice head(s):

Deepak Sadavisan

Other key lawyers:

Key clients

Malayan Banking Berhad

Public Bank Berhad

CIMB Group

Hong Leong Bank Berhad

RHB Bank Berhad

AmBank (M) Berhad

United Overseas Bank (Malaysia) Bhd

OCBC Bank (Malaysia) Berhad

HSBC Bank Malaysia Berhad

Maybank Islamic Berhad

Islamic finance Tier 1

The 'efficient, practical and knowledgeable' Islamic finance team at Adnan Sundra & Low continues to be instructed in a range of transactions including Sukuk issuances and project financing. The group is jointly led by Deepak Sadasivan and Adrian Chee and includes Kok Ling Gan and the 'professional and responsive' Edward Ng, all of whom have a breadth of experience across a number of sectors including energy, telecoms and real estate. The team was further strengthened following its merger with Putri Norlisa Chair in August 2018.

Practice head(s):

Deepak Sadavisan; Adrian Chee

Other key lawyers:

Gan Kok Ling; Edward Ng

Key clients

Maybank Islamic Berhad

AmBank Islamic Berhad

Kenanga Investment Bank Berhad

Affin Hwang Investment Bank Berhad

 CIMB Investment Bank Berhad

Corporate and M&A Tier 2

The corporate an M&A team at Adnan Sundra & Low counts a range of multinational and domestic companies among its client roster and is also complemented by the firm's strong banking and finance and capital markets practices. The team has recently been particularly active in the oil and gas sector, with its clients including PTT Exploration and Production Public Company which it advised on the acquisition of Murphy Oil Corporation’s two Malaysian subsidiaries, Murphy Sabah Oil Co and Murphy Sarawak Oil Co. The group is jointly led by capital markets expert Adrian Chee; Chin Chin Wong, who has experience advising on a full range of corporate matters; Tracy Ng, who combines corporate, M&A and finance expertise; and corporate and projects partner Adrian Chair.

Practice head(s):

Adrian Chee Meng Yang; Wong Chi Chin; Tracy Ng Tsu Ynn

Projects and energy Tier 2

The project financing and project management group at Adnan Sundra & Low  is frequently instructed by international clients in the energy and infrastructure sector matters, with particular expertise in solar energy and oil and gas sector instructions, transport and telecoms infrastructure and development projects. Traditionally known for handling corporate and financing transactions, the group bolstered its projects expertise following its merger with projects and infrastructure boutique Khem Thadani in October 2018 which welcomed the current practice head Khem Thadani to the firm's ranks. Other names to note include Adrian Chair, who has particular project finance and transactional expertise and corporate and projects partners Constance Low and Ng Jo-Leen, who all joined the team following the firm's merger with boutique firm Putri Norlisa Chair in August 2018.

Practice head(s):

Khem Thadani

ADNAN SUNDRA & LOW 

www.asl.com.my

tel: 603 2070 0466 fax: 603 2078 3382

Managing Partner(s): Deepak Sadasivan

Number of partners: 26 Number of Consultants: 3 Number of Lawyers: 63

 Firm overview:

ADNAN SUNDRA & LOW was established in August 1975 and has been consistently ranked as a leading law firm in Malaysia with a reputation for delivering quality and effective legal services and solutions.

Main Areas Of Practice:-

Banking & Finance, Capital Markets, Islamic Finance

Our team has advised on local and cross-border banking and finance transactions, inclusive of acquisition finance, corporate finance, project finance, debt restructuring, and the following market­-pioneering transactions:

  • the world’s first, and Malaysia’s largest, exchangeable Sukuk;
  • the world’s first perpetual sukuk ;
  • the world’s first Green SRI sukuk;
  • Malaysia’s first Islamic stapled securities transac­tion;
  • Malaysia’s first municipal bonds;
  • project financing of the first independent power utility in Malaysia and the first coal-fired independent power plant in Malaysia, also the biggest in Southeast Asia; and
  • many significant Malaysian IPOs including Malaysia’s largest IPOs in 2015 and 2017, Asia’s largest IPO in 2012 and Southeast Asia’s largest IPOs in 2009 and 2010.

Corporate M&A

Our team is able to advise on a full range of corporate advisory issues, and our track record includes advis­ing on :

  • establishment of the first Shariah compli­ant unlisted real estate investment trust (REIT), which is also the first education REIT in Malaysia;
  • the joint venture between Malaysia’s largest petroleum company and a Saudi-Arabian petroleum company in relation to a USD7 billion investment in a refinery and petrochemical integrated development project in Malaysia;
  • the acquisition of the first deepwater semi-submersible floating production system in the Asia Pacific region;
  • a global agribusiness and food company’s USD1 billion acquisition of a majority interest in a specialty fats/edible oils producer from a leading Malaysian plantation group;
  • a merger between hyper­market operators creating the third-largest hypermarket operator in Malaysia;
  • a number of mergers between Malaysian banking and financial institutions; and
  • corporate debt restructuring schemes under section 176 of the Malaysian Companies Act 1965 and 2016.

Dispute Resolution

Our team has represented most major Malay­sian financial institutions and is experienced in handling a broad range of complex banking, contractual, commercial, employment, restructuring and insolvency matters in Malaysian courts and arbitration tribunals in Malaysia and worldwide. Our notable work includes:

  • acting for Malaysia’s largest bank in obtaining vesting orders effecting the ownership transfer of non-performing loans, part of the first ever sale of non-performing loans in Malaysia via open auction;
  • acting for the applicant in the issuance of the first ever High Court order preventing a party or its nominees from using a restraining order under section 176(10) (A) of the Companies Act 1965 to delay the rights of a lender or security holder;
  • acting for the security trustee in a foreclosure action resulting in the first ever decision of an Malaysian appellate court affirming a chargee’s right to exclude a structure (where individual titles have not been issued) from foreclosure of the master title; and
  • obtaining an order for the appointment of a receiver and manager over a missing person’s estate.

Real Estate

Our real estate practice is premised on ensuring that clients benefit commercially from real estate opportunities and we had advised a number of specialist real estate transactions including:

  • the joint development of over 110 acres of land, which include the construction and sale of residential units, retail units, hotels, service apartments, office towers, commercial shops and offices;
  • the sale and transfer of iconic na­tional landmark structures in Kuala Lumpur between the holding company and its group real estate investment trust;
  • complex land issues in the listings of significant listed property development companies and palm-oil plantation companies, involving some 350,000 hectares of land held under more than 1,200 titles; and
  • the sale and purchase of a five-star international hotel and hotel business in Kuala Lumpur.

Projects Energy & Infrastructure 

Our projects energy and infrastructure team has advised on some of the largest and most sophisticated projects which include the following:

  • the proposed Kuala Lumpur-Singapore High Speed Rail Project;
  • a foreign joint venture on the Ipoh-Rawang Double Track Rail electrification project;
  • the development and financing of a 50MW solar photovoltaic plant in Malaysia;
  • the divestment of the the largest multi fuel integrated power generating facility (2,420MW), with a transaction value of MYR4.2 billion;
  • the delivery of electrical energy and telecommunications from a hydroelectric dam in Sarawak to Peninsular Malaysia by submarine power cables;
  • the Klang Valley Mass Rapid Transit Project;
  • a 2,400MW hydroelectric dam in Sarawak;
  • a 2,100 MW Coal-Fired Power Plant;
  • the North-South Highway in Peninsular Malaysia;We have also advised on projects located in Australia, Africa, the Indian Subcontinent, Southeast Asia and Central Asia.

Recent Awards & Accolades

  • Malaysian Law Firm Of The Year – Asian Legal Business Malaysia Law Awards 2016;
  • West Malaysia Law Firm Of The Year – ALB Malaysia Law Awards 2017, 2018;
  • National Law Firm Of The Year – International Financial Law Review Asia Awards, 2007, 2014;
  • Islamic Finance Law Firm Of The Year – ALB Malaysia Law Awards 2016, 2017, 2018;
  • Banking and Financial Services Law Firm of the Year – ALB Malaysia Law Awards 2014, 2015, 2016, 2017 and 2018;
  • Islamic Finance News (IFN) Law Awards 2018 – ESG, Green, SRI Law Firm of the Year; and
  • IFN Deals of the Year Awards 2017 – Commodity Murabahah Deal of the Year 2017, Equity Deal Of The Year 2017, Structured Finance Deal Of The Year and Project & Infrastructure Deal Of The Year.
Department Name Email Telephone
Banking and finance Rodney D'Cruz rodney.dcruz@asl.com.my
Capital markets
Islamic finance
Corporate M&A
Dispute resolution
Real estate
Projects Energy & Infrastructure
Number of lawyers : 63
Bahasa Malaysia
English

ADNAN SUNDRA & LOW 

www.asl.com.my

tel: 603 2070 0466 fax: 603 2078 3382

Managing Partner(s): Deepak Sadasivan

Number of partners: 26 Number of Consultants: 3 Number of Lawyers: 63

 Firm overview:

ADNAN SUNDRA & LOW was established in August 1975 and has been consistently ranked as a leading law firm in Malaysia with a reputation for delivering quality and effective legal services and solutions.

Main Areas Of Practice:-

Banking & Finance, Capital Markets, Islamic Finance

Our team has advised on local and cross-border banking and finance transactions, inclusive of acquisition finance, corporate finance, project finance, debt restructuring, and the following market­-pioneering transactions:

  • the world’s first, and Malaysia’s largest, exchangeable Sukuk;
  • the world’s first perpetual sukuk ;
  • the world’s first Green SRI sukuk;
  • Malaysia’s first Islamic stapled securities transac­tion;
  • Malaysia’s first municipal bonds;
  • project financing of the first independent power utility in Malaysia and the first coal-fired independent power plant in Malaysia, also the biggest in Southeast Asia; and
  • many significant Malaysian IPOs including Malaysia’s largest IPOs in 2015 and 2017, Asia’s largest IPO in 2012 and Southeast Asia’s largest IPOs in 2009 and 2010.

Corporate M&A

Our team is able to advise on a full range of corporate advisory issues, and our track record includes advis­ing on :

  • establishment of the first Shariah compli­ant unlisted real estate investment trust (REIT), which is also the first education REIT in Malaysia;
  • the joint venture between Malaysia’s largest petroleum company and a Saudi-Arabian petroleum company in relation to a USD7 billion investment in a refinery and petrochemical integrated development project in Malaysia;
  • the acquisition of the first deepwater semi-submersible floating production system in the Asia Pacific region;
  • a global agribusiness and food company’s USD1 billion acquisition of a majority interest in a specialty fats/edible oils producer from a leading Malaysian plantation group;
  • a merger between hyper­market operators creating the third-largest hypermarket operator in Malaysia;
  • a number of mergers between Malaysian banking and financial institutions; and
  • corporate debt restructuring schemes under section 176 of the Malaysian Companies Act 1965 and 2016.

Dispute Resolution

Our team has represented most major Malay­sian financial institutions and is experienced in handling a broad range of complex banking, contractual, commercial, employment, restructuring and insolvency matters in Malaysian courts and arbitration tribunals in Malaysia and worldwide. Our notable work includes:

  • acting for Malaysia’s largest bank in obtaining vesting orders effecting the ownership transfer of non-performing loans, part of the first ever sale of non-performing loans in Malaysia via open auction;
  • acting for the applicant in the issuance of the first ever High Court order preventing a party or its nominees from using a restraining order under section 176(10) (A) of the Companies Act 1965 to delay the rights of a lender or security holder;
  • acting for the security trustee in a foreclosure action resulting in the first ever decision of an Malaysian appellate court affirming a chargee’s right to exclude a structure (where individual titles have not been issued) from foreclosure of the master title; and
  • obtaining an order for the appointment of a receiver and manager over a missing person’s estate.

Real Estate

Our real estate practice is premised on ensuring that clients benefit commercially from real estate opportunities and we had advised a number of specialist real estate transactions including:

  • the joint development of over 110 acres of land, which include the construction and sale of residential units, retail units, hotels, service apartments, office towers, commercial shops and offices;
  • the sale and transfer of iconic na­tional landmark structures in Kuala Lumpur between the holding company and its group real estate investment trust;
  • complex land issues in the listings of significant listed property development companies and palm-oil plantation companies, involving some 350,000 hectares of land held under more than 1,200 titles; and
  • the sale and purchase of a five-star international hotel and hotel business in Kuala Lumpur.

Projects Energy & Infrastructure 

Our projects energy and infrastructure team has advised on some of the largest and most sophisticated projects which include the following:

  • the proposed Kuala Lumpur-Singapore High Speed Rail Project;
  • a foreign joint venture on the Ipoh-Rawang Double Track Rail electrification project;
  • the development and financing of a 50MW solar photovoltaic plant in Malaysia;
  • the divestment of the the largest multi fuel integrated power generating facility (2,420MW), with a transaction value of MYR4.2 billion;
  • the delivery of electrical energy and telecommunications from a hydroelectric dam in Sarawak to Peninsular Malaysia by submarine power cables;
  • the Klang Valley Mass Rapid Transit Project;
  • a 2,400MW hydroelectric dam in Sarawak;
  • a 2,100 MW Coal-Fired Power Plant;
  • the North-South Highway in Peninsular Malaysia;We have also advised on projects located in Australia, Africa, the Indian Subcontinent, Southeast Asia and Central Asia.

Recent Awards & Accolades

  • Malaysian Law Firm Of The Year – Asian Legal Business Malaysia Law Awards 2016;
  • West Malaysia Law Firm Of The Year – ALB Malaysia Law Awards 2017, 2018;
  • National Law Firm Of The Year – International Financial Law Review Asia Awards, 2007, 2014;
  • Islamic Finance Law Firm Of The Year – ALB Malaysia Law Awards 2016, 2017, 2018;
  • Banking and Financial Services Law Firm of the Year – ALB Malaysia Law Awards 2014, 2015, 2016, 2017 and 2018;
  • Islamic Finance News (IFN) Law Awards 2018 – ESG, Green, SRI Law Firm of the Year; and
  • IFN Deals of the Year Awards 2017 – Commodity Murabahah Deal of the Year 2017, Equity Deal Of The Year 2017, Structured Finance Deal Of The Year and Project & Infrastructure Deal Of The Year.

Joint Press Statement – 3rd September 2018

Messrs Adnan Sundra & Low (“ASL”) and Messrs Khem Thadani (“KT”) are delighted to jointly announce the merger of both law firms with effect from 1 October 2018. This is the second merger announcement this August 2018 in relation to ASL, following the joint media statement dated 8 August 2018 announcing the merger between ASL and boutique law firm Messrs Putri Norlisa Chair.


Adnan Sundra & Low and Putri Norlisa Chair announce the merger