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

Adnan Sundra & Low
Level 25, Menara Etiqa
No. 3, Jalan Bangsar Utama 1
59000
Malaysia

Banking and finance Tier 1

Characterised as possessing: 'expertise in complex finance transactions', the banking and finance team at Adnan Sundra & Low counts JP Morgan Securities, Barclays Bank and Credit Suisse (Singapore) within its notable portfolio. The firm's core competencies include negotiating, structuring and documenting both Islamic and conventional transactions. Specifically, it handles issues such as securitisations, regulated capital instruments, exchangeable bonds and perpetual Sukuks. Recommended personnel: Deepak Sadasivan (capital markets specialist), Adrian Chee (for corporate bonds), Ng Foo Yuen Edward (experienced in bilateral and syndicated terms), Kok Ling Gan (acquisitions) Murni Zukifli (debt capital markets) and Jennifer Lee who recently assisted CIMB Investment Bank on the issuance of USD680 million Formosa and Regulation S Sustainable Development Goals Bonds.

Testimonials

 

This year was the first time I had worked with Adnan Sundra & Low and I would certainly work with them again and recommend them for Malaysian law finance work. The firm clearly has expertise in complex finance transactions and specific Malaysian law considerations that come with multi-jurisdictional financings. The firm performed well and their fees were reasonable. They were responsive, efficient and provided clear and tailored legal advice‘.

The level of responsiveness was very impressive as was their clear legal advice which took into account commercial considerations‘.

 

Key clients

CIMB Investment Bank Berhad

AmInvestment Bank Berhad

Hong Leong Investment Bank Berhad

United Overseas Bank (Malaysia) Berhad

NewParadigm Capital Markets Sdn Bhd

Danajamin Nasional Berhad

OCBC Al-Amin Bank Berhad

RHB Investment Bank Berhad

MUFG Bank (Malaysia) Berhad

Hong Kong Shanghai Banking Corporation Limited

HSBC Amanah Malaysia Berhad

Credit Suisse (Singapore) Ltd

Maybank Investment Bank Berhad

BNP Paribas Securities (Asia) Ltd

CIMB Bank (L) Ltd

Citigroup Global Markets Ltd

Kenaga Investment Bank Berhad

Barclays Bank PLC

J.P. Morgan Securities LLC

DBS Bank Ltd

SMBC Nikko Securities America LLC

Fifth Third Securities Inc

KeyBanc Capital Markets

Unicredit Bank Austria AG

Erste Group Bank AG

ING-DiBA Austria

Niederlassung der ING-DiBa AG

Intesa Sanpaolo S.p.A

Raiffeisen Bank International AG

Hayfin Services LLP

KAF Investment Bank Berhad

Affin Bank Berhad

Bank Pembangunan Malaysia Berhad

Affin Hwang Investment Bank Berhad

AmBank (M) Berhad

Capital markets Tier 1

The banking and finance team at Adnan Sundra & Low includes twelve partners and covers the full spectrum of capital markets issues. Attracting major clients such as BNP Paribas Securities, Barclays Bank and JP Morgan, it is led by Deepak Sadasivan and Adrian Chee Meng Yang, respective experts in project finance and corporate bonds. One of its most notable recent cases is its work for United Overseas Bank, NewParadigm Capital Markets and Danajamin Nasional on Exsim Capital Resources' inaugural Sukuk Musharakah IMTN Programme (valued up to RM2.0 billion). Recommended lawyers: Kok Ling GanEdward Ng and Jennifer Lee.

Key clients

CIMB Investment Bank Berhad

AmInvestment Bank Berhad

Hong Leong Investment Bank Berhad

United Overseas Bank (Malaysia) Berhad

NewParadigm Capital Markets Sdn Bhd

Danajamin Nasional Berhad

OCBC Al-Amin Bank Berhad

RHB Investment Bank Berhad

MUFG Bank (Malaysia) Berhad

Hong Kong Shanghai Banking Corporation Limited

HSBC Amanah Malaysia Berhad

Credit Suisse (Singapore) Ltd

Maybank Investment Bank Berhad

BNP Paribas Securities (Asia) Ltd

CIMB Bank (L) Ltd

Citigroup Global Markets Ltd

Kenaga Investment Bank Berhad

Barclays Bank PLC

J.P. Morgan Securities LLC

DBS Bank Ltd

SMBC Nikko Securities America LLC

Fifth Third Securities Inc

KeyBanc Capital Markets

Unicredit Bank Austria AG

Erste Group Bank AG

ING-DiBA Austria

Niederlassung der ING-DiBa AG

Intesa Sanpaolo S.p.A

Raiffeisen Bank International AG

Hayfin Services LLP

KAF Investment Bank Berhad

Affin Bank Berhad

Bank Pembangunan Malaysia Berhad

Affin Hwang Investment Bank Berhad

AmBank (M) Berhad

Islamic finance Tier 1

Deepak Sadasivan and Adrian Chee coordinate the Islamic finance team at Adnan Sundra & Low. Counting major clients such as Credit Suisse (Singapore) and Maybank as clients, it advises on sector issues such as stapled securities, municipal bonds, parallel Mudharabah structures and derivatives master agreements. In particular, a recent highlight is the firm's role in advising CIMB Investment Bank on IJM Land's Perpetual Sukuk Programme (With Subordinated Guarantee). This complex transaction raised important Musharaka principles for Shariah-compliant investments in the operations of the Issuer and/or its subsidiaries. Kok Ling Gan has a strong track record in infrastructure and energy projects while Edward Ng specialises in debt capital markets and syndicated financing.

Other key lawyers:

Key clients

CIMB Investment Bank Berhad

AmInvestment Bank Berhad

Hong Leong Investment Bank Berhad

United Overseas Bank (Malaysia) Berhad

NewParadigm Capital Markets Sdn Bhd

Danajamin Nasional Berhad

OCBC Al-Amin Bank Berhad

RHB Investment Bank Berhad

MUFG Bank (Malaysia) Berhad

Hong Kong Shanghai Banking Corporation Limited

HSBC Amanah Malaysia Berhad

Credit Suisse (Singapore) Ltd

Maybank Investment Bank Berhad

Affin Bank Berhad

Bank Pembangunan Malaysia Berhad

Affin Hwang Investment Bank Berhad

AmBank (M) Berhad

Malaysia Islamic Bank Berhad

Malayan Banking Berhad

OCBC Bank (Malaysia) Berhad

Corporate and M&A Tier 2

The corporate and M&A team at Adnan Sundra & Low is headed by financial expert Wong Chin Chin, capital markets specialist Adrian Chee Meng Yang, equity fund raising professional Tracy Ng Tsu Ynn, international counsel How Tze Yen, project financing practitioner Adrian Chair Yong Huang, the banking-focused Putri Norlisa Najib and acquisitions lawyer Constance Low Yit Chen. Petronas Chemicals Group and CapitaLand are key clients with the firm also operating in sectors such as civil aviation, Islamic finance and real estate. A notable highlight for the firm is its role in advising PTT Exploration and Production's purchase of Murphy Oil Corporation’s oil and gas business in Malaysia.

Key clients

CapitaLand

Paramount Corporation Berhad

PTT Exploration and Production Public Company Ltd

Abu Dhabi National Oil Company

Blue Planet Environmental solutions Pte Ltd; Blue Planet Environmental Solutions (Malaysia) Sdn Bhd

Furukawa Electric Co. Ltd

Petronas Chemicals Group Berhad

Projects and energy Tier 2

Adnan Sundra & Low advises on major infrastructure projects in Malaysia and internationally including projects in Australia, India and Southeast Asia. Khem Thadani and Adrian Chair have experience of transactional work including projects such as rail systems, water treatment centres, and cement plants. Chair also has project finance expertise. Kewinder Singh assists clients on the structuring and negotiation of agreements for infrastructure projects while Jasprit Kaur has has expertise in conventional and renewable energy projects. Ng Jo-Leen handles petrochemicals and renewable energy work for local Malaysian clients.

Other key lawyers:

Testimonials

‘Very good knowledge of, and experience in, the oil and gas industry. They are responsive, and we count on them to give the correct advice and not simply what they think we want to hear.’

‘Adrian Chee is our first choice when it comes to oil and gas transactions and commercial advice.’

Key clients

PETRONAS Chemicals Group Berhad

United Overseas Bank (Malaysia) Bhd

NewParadigm Capital Markets Sdn Bhd

Danajamin Nasional Berhad

OCBC Al-Amin Bank Berhad

RHB Investment Bank Berhad

Citigroup Global Markets inc

Barclays Bank PLC

J.P. Morgan Securities LLC

BNP Paribas Securities Group

DBS Bank Ltd

SMBC Nikko Securities America Inc

Fifth Third Securities Inc

KeyBank Capital Markets Inc

Oversea-Chinese Banking Corporation Limited

Malaysia Programme Office for Power Electricity Reform

Sungai Harmoni Sdn Bhd

PTT Exploration and Production Public Company Ltd

Abu Dhabi National Oil Company

Furukawa Electric Co., Ltd

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