Doulah & Doulah > Dhaka, Bangladesh > Firm Profile

Doulah & Doulah
DOULAH HOUSE, PLOT 153/2, ROAD 2/2, BLOCK A, SEC 12
MIRPUR
DHAKA 1216
Bangladesh

Bangladesh > Legal market overview

Bangladesh > Banking and finance Tier 1

Doulah & Doulah‘s finance and infrastructure team is renowned for its work on high value transactions containing cross border elements in the fields of PPP, M&A, project finance and energy. The team specialises in structuring work while advising conglomerates and banks on a range of complex banking issues such as documentary credits and derivatives matters. A B M Nasirud Doulah leads the team while acting on some of the country’s most significant ECA finance matters, supported by Amina Khatoon.

Practice head(s):

A.B.M. Nasirud Doulah

Other key lawyers:

Testimonials

‘High dedication, commitment and fast turnarounds’

‘Doulah & Doulah are frankly unique in their timely response to all our time critical requests for assistance on all energy and infrastructure related matters.’

‘Nasir Doulah stands out for his commercial approach and pragmatic advice’

Key clients

Bangladesh Infrastructure Finance Fund Limited

Commerzbank

Hong Kong Mortgage Corporation

Islamic Development Bank

The Islamic Corporation for the Development of the Private Sector (ICD)

Export Import Bank of China

China Development Bank

China Agricultural Bank

China CITIC Bank

Mashreq Bank

Deutsche Bank

Akabank

Landesbank

BHF Bank

Work highlights

  • Acted as lenders counsel for a consortium of China Development Bank and Export & Import Bank of China in USD1.7 billion financing in 2×662 MW Kalapara Coal Fired Power Plant.
  • Acting as Sponsors Counsel for USD150million financing by Development Bank of Singapore for Mymensingh 50MW Solar Park.
  • Acting for a consortium of Bangladesh Infrastructure Finance Fund Ltd., China CITIC Bank and China Development Bank in financing of USD412 million in a PPP toll road project.

Bangladesh > Corporate and M&A Tier 1

Doulah & Doulah possesses a leading corporate practice that is known for acting on major high value transactions both domestically and internationally. The team acts on a number of major acquisition and M&A matters relating to major infrastructure projects in Bangladesh, and the firm’s fintech practice continues to grow as well. The main points of contact at the firm are project finance and development experts A.B.M. Nasirud Doulah and Amina Khatoon.

Practice head(s):

A.B.M. Nasirud Doulah; Amina Khatoon

Key clients

Amazon

Bill & Melinda Gates Foundation

Walmart

JC Penney

Total Eren

Kmart

Hero Future Energies

Ib Vogt

Cyclect Energy

Aggreko

Target

Pendekar Energy

General Electric

Scatek Solar

Powerchina

CMEC

PepsiCo

Hyatt Hotels

Whirlpool

TBEA

Associated British Foods

ITC

China Energy Engineering Group

China Harbour

CAL Securities

Work highlights

  • Advised Amazon on structuring and implementing Amazon’s start-ups in Bangladesh with considerable equity investment with a large business plan over the years.
  • Successfully advised Sri Lankan conglomerate Capital Alliance Limited in acquiring a merchant bank.
  • Acted for the Bill & Melinda Gates Foundation in divesting a sizeable stake in bKash, a non-banking financial institution, to Softbank to facilitate USD250 million investment.

Bangladesh > Tax Tier 1

Sitting within the firm’s finance group, Doulah & Doulah‘s tax team advises multinational clients on the tax structuring aspects of corporate and finance transactions. Additionally, the team works on tax due diligence and exemption matters, as well as alternative dispute resolution. Amina Khatoon leads the team, supported by Ariful Islam.

Practice head(s):

Amina Khatoon

Other key lawyers:

Key clients

Bill & Melinda Gates Foundation

Walmart

JC Penney

General Electric

Hyatt Hotels

Miravet

Scatek Solar

Powerchina

CMEC

PepsiCo

Jafpa Comfeed

Work highlights

  • Successfully resolved a large Tax claim for Maxim Garments Accessories Ltd by way of alternative dispute resolution .
  • Successfully obtained an exemption of capital gain tax for the Bill & Melinda Gates Foundation under double taxation avoidance agreement.
  • Completed tax due diligence for an EPC contract being executed by POSCO with respect to a thermal plant under construction.

Bangladesh > Dispute resolution Tier 2

The dispute resolution team at Doulah & Doulah is highly experienced in handling contentious investment, banking and construction matters for clients with the support of a strong transactional team. Recent years have seen an expansion of the firm’s debt recovery capabilities and its work in lease finance and project finance. Also of note is the firm’s expertise in the handling of foreign judgments and awards, having enforced many English judgments and arbitral awards in local courts. The work is led by A B M Shamsud Doulah with the support of Amina Khatoon and a number of skilled associates such as Mucktadir Rahman.

Practice head(s):

A.B.M. Shamsud Doulah

Other key lawyers:

Amina Khatoon

Key clients

China Harbour Engineering Company

Edinburgh Wollen Mills

UM International

IDP Education

Walt Disney

Industrial & Commercial Bank of China

Bank of Nova Scotia

Avia Solutions

Aercap

Oberthur

Air Charter Service

Aleco Chemicals

Maxim Garment Accessories

Kansai Neolack

Work highlights

  • Acting for Aercape in enforcing a debt claim against an air operator and twelve guarantors.
  • Acting for General Electric Capital Aviation Service in an arbitration at LCIA in connection to recovery of dues from a local operator.
  • Enforcing a legal claim for China Harbour against an Economic Zone Developer due to non-payment of dues under EPC Contract .

The firm: D&D is a leading law firm in Bangladesh under registration number 27074. Established in 1965 the firm stands as one of the largest and most experienced law firms in Bangladesh representing the world’s largest business houses and working with the biggest international law firms. The firm possesses top-ranked transactional capabilities complemented by a strong litigation practice with a large client-base.

Areas of practice
Admiralty and shipping: D&D offers one of the strongest shipping practices assisting in both wet and dry contentious and non-contentious matters. The practice advises owners, agents, P&I clubs, financiers, charterers and their insurers. In 2018-19 the firm acted in nine admiralty lawsuits and four shipping finance transactions.

Aviation: D&D represents major aircraft leasing companies including both ILFC and General Electric Capital Aviation. The firm acts in both wet and dry leasing transactions. Recent transactions include acting for GE Capital and EDC in lease / asset finance in Biman and US Bangla respectively. The firm represents major airlines including, among others, Eithad, Gulf, Air Arabaia, Singapore, Malaysia and Korean airlines. D&D has been appointed as honorary adviser to Aviation Working Group.

Banking: The firm offers true banking expertise both on regulatory and transactional aspects. The Bangladesh modern banking legal platform was finalised by D&D partners under World Bank’s Financial Sector Reform Programme in 1996. D&D has been working on two FX arrangement transactions for Deutsche Bank and JP Morgan following similar projects for Merrill Lynch and Bank of New York. It also completed a banking project for Calyon Bank on money market products followed by a similar project for JP Morgan. Following the deregularisation of commodity derivative products, it worked for CommerzeBank in a number of such transactions.

Capital markets: D&D is one of the few local firms that possesses capital market expertise. It represents major institutional investors including Morgan Stanley, CitiGroup, CLSA, Credit Suisse and ABN Amro. Currently, the firm is working on the pledging of a big Bangladeshi listed security portfolio for LGT Bank. It worked on the first PIPE transactions in Bangladesh for Global Emerging Markets (GEM). The firm is also working on a Malaysian Sukuk bond matter.

Corporate, M&A and FDI: D&D offers market leading corporate and M&A practice. It works for a number of multinationals in corporate structure and restructure matters including Nokia, LG, GE etc. D&D has completed over eighteen M&A transactions in 2018-19 acting for clients like Shenzhen/Shanghai Stock exchange in acquiring Dhaka Stock Exchange, Lafarge and Holcim merger, Ophir Energy acquisition of Santos exploration assets and merger with Medco etc. D&D partners drafted the Bankruptcy Act, hence the firm specialises in claw back and insolvency reorganisations.

Finance and securitization: This is a stressed area of D&D practice with extensive experience in financing, security, mortgages, pledge and collateral documentation. The firm is advising China Exim Bank in two large scale financings in different power projects and China Development Bank in one toll road project. IsDB is a regular client. Also appointed by SAARC SDF for the operationalizing of two IDA credit windows for Bangladesh infrastructure projects. Other cross border complex financing clients include IFC, OPIC, ICICI, KFW, AB Svensk Exportcredit etc.

Infrastructure, PPP and construction: Extensive experience in all kinds of infrastructures is D&D’s specialty. The firm was appointed by both of the construction and dredging contract awardees for the Jamuna Multipurpose Bridge followed by appointment for Padma Bridge. Currently, the firm is working on Dhaka Water Sector Development Project for European Investment Bank and Dhaka Airport Third Terminal Project for Samsung. The firm has also acted for IFC in project development and financing of the first floating LNG terminal in Bangladesh.

Intellectual property: D&D’s IP practice is regarded as one of the strongest, offering both protection and enforcement services for trademarks, patents, designs and copyrights. D&D has implemented the concept of a well known mark, for Nokia, in Bangladesh for the first time. It also has big scale enforcement capabilities which were established when it worked for Sony against over two hundred counterfeiters in Bangladesh.

Litigation and dispute resolution: Complemented by a strong litigation practice, D&D offers effective dispute resolution capabilities. The firm is active at all levels of judiciary platforms. Currently, the firm is working in two large volume litigations for Cargill and Intelsat. The firm is also conducting an ICC arbitration for Gulf Air and another for Microsoft. The firm acted in two of the largest anti-dumping suits in US courts.

Natural resources: D&D is one of the leading firms to advise on both up-stream and down-stream aspects of the energy sector especially in the exploration of oil, gas and coal. The firm represented Zhenhua Oil is its successful bid to acquire three gas fields from Chevron and Ophir acquisition of Santos assets. It has been advising US based Quanta in gas transmission construction project following participation on similar projects for Saipem and Drilltech. D&D is working for Tecnosteam Energy for erection of three ADB funded gas compression station. D&D has also finalised the production sharing contracts for ONGC, OIL, POSCO, Daewoo, among others, for the exploration of hydrocarbon in the Bay of Bengal.

Power and energy: D&D possesses unparalleled expertise in the power sector. So far it has been involved in structuring one hundred and twenty power projects in Bangladesh. It is now working on structuring the 1250MW LNG fueled power plant for GE under partnership with BPDB. Also acted for Excelerate Energy in developing the Mahesjkhali FSRU (LNG Terminal). The firm acts as local counsel to a large number of power producers including General Electric, Blackstone, AES, El Paso and CMEC. Other power project financier clients include OPIC, IDB and ICICI. It has extensive experience in the M&A of power plants, with AES and ElPaso as clients.

Regulatory and probono: D&D recognises its responsibilities towards the society and allocates a specific number of hours for CSR and pro-bono projects. It worked in the FSRP project to reform the financial sector of the country. After extensive research the Corporate Government Assessment Report was published in collaboration with World Bank. The firm regularly participates in the finalisation of other laws and has drafted laws like the Bankruptcy Act. The firm is working for ADB on modernising municipal laws, and in the UN’s MHealth project. D&D has also acted as legal advisors in establishing USAID’s Tropical Forest Conservation Fund.

Taxation and employment: These are integral parts of D&D’s corporate practice with the contentious and advisory practice representing clients from tribunal to appellate division in Supreme Court. The firm is currently working in a constitutional writ for MAS in a very large VAT and for UPS in direct tax disputes. The firm successfully represented El Paso for a tax exemption. With an in-depth employment practice, the firm has just completed a pension fund creation for Children’s Place. It also advises clients like BAT, GE and Intertek on long term incentive options with regular employment clients like GAP, Puma, EWM, VF and HP.

Telecommunication and fintech: The telecommunication and fintech practice at D&D is one of the finest. It advised Societe Generale in its financing in the first satellite for Bangladesh. It is also worked with NERA on the auction of 3G licenses. Current major projects include the establishment of a global roaming hub for a leading global operator, a global mobile banking platform for Belgacom, and a dedicated access point for Akamai. M&A clients include Huawei and Vimpelcom. Other corporate projects include AT&T, WorldCom, ZTE, Nokia, Grameenphone, among others. The firm represents a large number of clients in fintech matters such as Microsoft, Ant Financial and Google.

DepartmentNameEmailTelephone
Admiralty and shipping Badrud Doulahbdoulah@doulah.net
Arbitration Shamsud Doulahsdoulah@doulah.com
Aviation Nasirud Doulahndoulah@doulah.net
Banking and finance Nasirud Doulahndoulah@doulah.net
Capital markets Nasirud Doulahndoulah@doulah.net
Commercial and antitrust Shamsud Doulahsdoulah@doulah.com
Corporate and M&A Nasirud Doulahndoulah@doulah.net
Corporate and M&A Amina Khatoonakhatoon@doulah.net
Employment and labour Amina Khatoonakhatoon@doulah.net
Energy and power Nasirud Doulahndoulah@doulah.net
Infrastructure and construction Nasirud Doulahndoulah@doulah.net
Intellectual property Sohailud Doulahsodoulah@doulah.com
Litigation Shamsud Doulahsdoulah@doulah.com
Taxation Amina Khatoonakhatoon@doulah.net
Telecommunication Nasirud Doulahndoulah@doulah.net
Privacy & Data Protection Nasirud Doulahndoulah@doulah.net
Fintech Nasirud Doulahndoulah@doulah.net
PhotoNamePositionProfile
A B M Nasirud Doulah photoMr A B M Nasirud DoulahPartner, Leading M&A,  Project Finance  & Infrastructure / Project  Development / PPP…
A.B.M. Shamsud Doulah photoMr A.B.M. Shamsud DoulahPartner, Leading Dispute Resolution & IP Enforcement
A B M Badrud Doulah photoMr A B M Badrud DoulahSenior Partner, Leading Banking, Finance & Capital Market
A B M Nasirud Doulah photoMr A B M Nasirud DoulahPartner
A B M Shamsud Doulah photoMr A B M Shamsud DoulahSenior Partner
Amina Khatoon photoDr Amina KhatoonPartner,  Leading Corporate, Tax, Employment and Project Development
Amina  Khatoon photoDr Amina KhatoonPartner
Mucktadir Rahman photoMr Mucktadir RahmanLeading Arbitration & Litigation Counsel
Number of lawyers : 29
at this office : 26
Bengali
English

Doulah & Doulah  top ranked transactional capabilities supported by strong litigation team.  With market leading practice in M&A, finance, corporate, tax, employment and IP matters in industries such as infrastructure, power, energy, banking, finance. manufacturing, FDI, telecom, commercial and so on it represents world’s largest businesses and works with the biggest international law firms in most of the major transactions in Bangladesh. Recent representative transactions include:

M&A

  • Successfully represented Capital Alliance Limited in acquiring a merchant bank
  • Successfully represented China Shandong Hispeed & Sinohyrdo in acquiring 49% stake in First Dhaka Elevated Expressway
  • Represented Zhenhua Oil in its successful bid of three gas fields in Bangladesh worth USD2billion
  • Successfully represented Shenzhen and Shanghai Stock Exchange in a sizeable 25% stake acquisition in Dhaka Stock Exchange for USD119m
  • Represented Ophir Energy in its successful bid to acquire Santos Exploration assets followed by its merger with Medco
  • Represented Cementos Molins, the common shareholder, in the Lafarge and Holcim merger in Bangladesh

Finance:

  • Successfully represented China Exim Bank in its project financing in  USD2.4billion Patuakhali 2×662 MW thermal plant
  • Successfully represented Export Development Canada in financing US Bangla acquisition of two new ATR aircrafts
  • Acted for ICD of Islamic Development Bank in its USD30m Islamic line to a bank in 2021
  • Have been acting for China Development Bank as lender’s counsel in its financing of a toll road project in Bangladesh
  • Acted for European Investment Bank in its financing of Dhaka Water Supply Development Project

Power & Energy

  • Successfully acted as International Finance Corporation (IFC) & Excelerate Energy local counsel for project development and financing of Maheshkhali LNG Terminal
  • Represented Zhenhua Oil in its successful bid to acquire three gas fields in Bangladesh worth USD2billion
  • Have been acting for General Electric in developing a 1250MW LNG fuelled Power Plant in collaboration to Bangladesh Power Development Board
  • Acting for Tecnosteam Energy in its development of three gas compression station under finance from Asian Development Bank
  • Acting for Scatec Solar in its development of a 50MW solar power plant under negotiation for IFC financing
  • Acted for all of the latest gas exploration PSC contract awardees including ONGC, OIL, POSCO and Daewoo
  • Acted for China National Petroleum Corporation for the deep-sea single-point mooring with double pipe line for the state-run Eastern Refineries Ltd
  • Acted for Sinosure in legal due diligence and risk assessment of most of the coal based thermal plants in Bangladesh

Other Infrastructure

  • Acted in preliminary feasibility study of Chinese Economic Zone at Anwara in collaboration to PricewaterhouseCoopers (PWC)
  • Acted in preliminary due diligence for a prospective lender for financing China-Bangladesh Iron & Steel Production Zone
  • Have been advising Samsung in Dhaka Airport Third Terminal Construction Project
  • Acted for Jan De Nul in its development of Paira Port Project Dredging on PPP basis under collaboration with Paira Port Authority
  • Have been advising China State Construction & Engineering Corporation in its participation in a PPP toll road project
  • Acted for IHI Corporation in construction of second Kanchpur / Meghna / Gumti Bridges
  • Acted for Kerryong in its construction of South Asia Subregional Economic Cooperation Road being financed by ADB

Aligned with UN’s Sustainable Development Goals the firm offers an equal opportunity work environment and ecosystem and ensures appreciation and respect of differences in race and ethnicity irrespective of gender and sexual orientation, religious affiliation, age and physical capabilities.

The firm, in addition to providing legal services to various national and international corporate clients, actively encourages and supports its members in providing pro-bono advice and representation in public interest and human rights cases.