Firm Profile > Nithya Partners > Colombo, Sri Lanka

Nithya Partners
NO 97A, GALLE ROAD
COLOMBO 03
Sri Lanka

Banking and finance Tier 1

Nithya Partners is strong in the banking and finance sphere, advising on debt restructuring, loan agreements, trade financing, and banking regulation and documentation, as well as Islamic finance and financial products. The team is often instructed in high-value transactions, especially in the area of international bond offerings and debt issuances by corporate entities. The well-regarded Naomal Goonewardena heads up the department; his areas of expertise include syndicated loans, foreign investments and derivatives. Senior associate Peshala Attygalle assists foreign banks without a branch in Sri Lanka with carrying out transactions in the country on the basis of reverse solicitation.

Testimonials

‘The team is widely knowledgeable on general banking practices and advises expatriates on the legal aspects of banking-related issues.

‘The individuals are easily accessible over the phone and provide assistance when required. They have a good understanding of local and international regulations.’

Key clients

China Development Bank

Citibank

Bank of China

Sampath Bank

People’s Leasing & Finance

Softlogic Finance

Standard Chartered Bank

The Hong Kong and Shanghai Banking Corporation

Citizens Development Finance

Seylan Bank

Corporate and M&A Tier 1

Nithya Partners is highly adept at handling complex corporate and M&A matters. Apart from advising on the acquisitions and sales of listed companies, the practice routinely advises on the setting up of operations, investments, corporate governance matters and compliance requirements. Arittha Wikramanayake shares leadership of the department with recently promoted partner Nirusha Ranjitkumar Ratnatunga, whose expertise includes takeovers and mergers.

Testimonials

‘The team is thorough, pragmatic and timely in the advice it provides.’

‘Easily approachable and highly knowledgeable.’

Key clients

Softlogic Holdings

Renuka Holdings

Odel

Richard Peiris and Company

Sampath Bank

Brandix Lanka

Overseas Realty Ceylon

Asiri Hospital Holdings

Union Bank of Colombo

Merchant Bank of Sri Lanka and Finance

Dispute resolution Tier 1

Nithya Partners provides 'comprehensive and practical commercial advice' in relation to complex commercial and other disputes. Chanaka de Silva, who is 'excellent in handling complex litigation matters', and Aruna Samarajewa jointly head the practice, which acts for clients in financial, intellectual property, labour, customs, construction and project-related disputes. Regulatory and compliance matters are other areas of activity for the department.

Testimonials

Standout lawyers with a very pragmatic approach to any issue and who remain firmly confident in their assertions. This confidence in their own strengths and arguments makes us confident that we have chosen the right lawyers.’

Chanaka de Silva is an eminent lawyer. His presence in the court room can hardly go unnoticed. He has a perfect understanding of the legal theories and is able to deliver this understanding very eloquently.

Nithya Partners is able to look at issues from a legal, financial, business and regulatory perspective due to the lawyers’ combined skills.’

Nithya Partners’ team has overall been very professional, diligent, reliable and dedicated.’

‘Chanaka de Silva handles court-related work with great diligence. A very strategic and sharp mind with a high degree of depth in his arguments in court and also in written submissions.’

Aruna Samarajewa is very tactful and highly dependable.’

Key clients

Sri Lanka Telecom

Richard Pieris & Company

Merchant Bank of Sri Lanka & Finance

CCL Pharmaceuticals

Vidullanka

Lakdhanavi Ltd

Asiri Hospitals Holdings

Strategic Insurance Brokers

BASF Lanka

Maliban Biscuit Manufactories

Softlogic Holdings

Seylan Bank

Union Bank of Colombo

Projects and energy Tier 1

Nithya Partners has an excellent reputation in the projects and energy field. The practice acts for clients in power and energy, telecoms, transport and port development projects, advising on the full lifecycle of a project up to the final commissioning and commercial operation. The team also represents clients in infrastructure and project-related litigation and arbitration. The department is led by project finance expert Chanaka de Silva.

Key clients

The Government of Sri Lanka through the World Bank

Gazelle Ventures

Vidullanka PLC

MAS Holdings

Real estate and construction Tier 1

Nithya Partners' department is active across the full spectrum of construction and real estate work. Instructions range from advising local and international companies and individuals on large-scale commercial, residential and agricultural property development projects, to assisting clients with the applicability of laws, testamentary proceedings and trust matters relating to property. Practice head Samadhi Gajaweera has over two decades of experience in the field and has expertise in title clearance relating to commercial, residential and agricultural development projects. Associate Oshini Siriwardhana counts conveyancing work as a key area of expertise.

Key clients

Three Acre Farms

TAD Lanka Holdings

Renuka Holdings

Sri Lanka Institute of Nanotechnology

Tax Tier 1

Nithya Partners has strong expertise across the full spectrum of tax-related issues. Instructions for the team include direct and indirect tax matters, tax litigation, and assistance with tax optimisation. The practice also assists domestic and international clients with tax appeals and negotiations with tax authorities. Naomal Goonewardena, who counts income tax, VAT and contentious matters as key areas of strength, leads the group.

Key clients

Seylan Bank

McLarens Lubricants

Asiri Surgical Hospitals PLC

United Motors PLC

Kegalle Plantations PLC

Lalan Rubbers

Sathosa Motors PLC

Richard Peiris Plantation Management

CIC Agri Business

HSBC Electronic Data Processing Lanka

Intellectual property Tier 3

Chanaka de Silva and Aruna Samarajewa jointly lead the practice at Nithya Partners, which handles a broad spectrum of intellectual property-related matters, undertaking both contentious and non-contentious work. The department predominantly advises overseas and local listed companies on the management of IP portfolios, patents, trade mark enforcement and industrial design protection. The team has a strong track record in IP litigation, having represented clients in obtaining interim injunctions and judgments against opposing parties. Senior associate Chamindi Ekanayake is a key contact.

Testimonials

‘Very responsive and always provide detailed feedback when requested.’

Key clients

Odel

Citizens Development Business Finance

Centara Hotels and Resorts

Getz Pharma International

Maliban Biscuit Manufactories

D Samson and Sons

MTD Walkers

Ecolab USA

Troikaa Pharmaceuticals

ISEKI & Co

The firm: Nithya Partners was established to deliver a modern and responsive service in corporate and financial law. The firm provides a full service, with its partners contributing a unique blend of multidisciplinary experience and knowledge gathered in the public and private sectors. This has enabled the firm to deliver innovative, timely and commercial solutions and thereby position itself as one of the leading law firms in Sri Lanka.

Areas of practice: Nithya Partners has participated in some of the largest cross-border investments and mergers and acquisitions of recent times. The firm has also leveraged its multidisciplinary capabilities and assisted in several corporate and debt restructurings and securitisations. It is also a leading project law firm, having been involved in transactions in diverse sectors that include energy, telecommunications, transport, utilities and port development.

Banking and finance: Nithya Partners maintains a strong practice in the area of banking and finance and has been actively involved in a number of recent large transactions. The firm has demonstrated its expertise in the areas of international bond offerings, loan financing (bilateral and syndicated loans, ECA-backed financing, and secured and unsecured financing), structured financing, derivative and financial products, regulatory and compliance advice, banking regulation, banking documentation, trade financing and Islamic financing. The firm also continues to act as principal counsel to several leading international banks which have established branch offices in Sri Lanka.

Conveyancing and real estate: Nithya Partners handles all aspects of conveyancing. The firm has represented a number of local conglomerates and foreign investors in the acquisition and development of residential, commercial and hotel properties.

Corporate, commercial and M&A: Nithya Partners is recognised as having one of the strongest practices in corporate, commercial and M&A. The firm has advised foreign and local clients on many of the largest transactions on and off the Colombo Stock Exchange. During the course of the previous year, the firm has dealt with a range of transactions in several sectors including cement, food, hospitality, property, IT, financial services and healthcare.

Intellectual property: Nithya Partners has focused on developing its intellectual property practice over the years. The division, which is headed by Mr.Aruna Samarajewa, offers a full range of services in IP-related matters. These include registration of IP rights, representing clients in safeguarding their IP rights at the National Intellectual Property Office, carrying out IP audits for companies, assisting clients in IP asset management, creating awareness of IP strategies, drafting of agreements, drafting patent specifications and litigation.

Litigation and dispute resolution: Nithya Partners’ dispute resolution practice is primarily focused on high-value and complex corporate and commercial dispute resolution. The firm represents several original and appellate courts in Sri Lanka. Nithya Partners also has a strong arbitration practice, with the firm representing large local and foreign corporates in both local and international arbitrations.

Project finance: Nithya Partners’ project finance practice is headed by Mr Chanaka de Silva, who is considered the foremost legal expert in project finance transactions and negotiations in Sri Lanka. The firm regularly negotiates and structures large infrastructure projects in diverse areas such as electricity, telecommunication, petroleum, roads, ports and mining.

Tax: Nithya Partners has been consistently rated as the top-tier law firm for Sri Lanka by the Tax Directors Handbook. The firm has been involved in representing several banks and corporates before the Tax Appeals Commission and the Court of Appeal. The firm has been engaged to advise and represent clients in disputes involving both direct and indirect tax matters.

Department Name Email Telephone
Agency and distributorship
Alternative dispute resolution
Banking and finance
Capital markets
Commercial and civil litigation
Consumer law
Conveyancing and real estate
E-commerce
Foreign investment
Intellectual property
International trade
Joint ventures
Mergers and acquisitions
Project financing
Tax
Telecommunications
Photo Name Position Profile
Ms Samadhi Gajaweera  photo Ms Samadhi Gajaweera
Mr Naomal Goonewardena  photo Mr Naomal Goonewardena
Ms Nirusha Ranjitkumar Ratnatunga  photo Ms Nirusha Ranjitkumar Ratnatunga
Mr Aruna Samarajewa  photo Mr Aruna Samarajewa
Dr Arittha R Wikramanayake  photo Dr Arittha R Wikramanayake
Mr Chanaka de Silva  photo Mr Chanaka de Silva
Number of lawyers : 15
English
Sinhala