Nithya Partners > Colombo, Sri Lanka > Firm Profile

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

Sri Lanka > Banking, finance and capital markets Tier 1

The capital markets and finance offering at Nithya Partners advises multinationals and their subsidiaries in a spectrum of finance-related matters, including facilitation of various loans, such as syndicated loans, assisting with loan securitisation, as well as advisory roles pertaining to legal policy and banking regulation compliance. Naomal Goonewardena heads the group, overseeing the team’s most high-value transactional mandates, and is assisted by the expertise of Prashanthi Vignanantha, who handles the team’s advisory aspects, such as opinions on guidelines and licensing requirements.

Practice head(s):

Naomal Goonewardena

Other key lawyers:

Key clients

State Bank of India

Bank of China Limited

Seylan Bank PLC

Sampath Bank PLC

Bank of Ceylon

DFCC Bank PLC

LB Finance PLC

Citizens Development Business Finance PLC

Commercial Leasing and Finance PLC

NDB Investment Bank Limited

Work highlights

  • Acted as the local legal counsel for the United States International Development Finance Corporation on a USD 30 Million facility granted to Citizens Development Business Finance PLC.
  • Acted as the legal counsel for a syndicate of banks on an LKR 39,000,000,000 syndicated loan facility granted to Sri Lanka Telecom PLC.
  • Acted as the local legal counsel for Commercial Bank PLC on an LKR 12,000,000,000 BASEL III compliant, tier two, listed, rated, unsecured, subordinated, redeemable debenture with non-viability conversion.

Sri Lanka > Dispute resolution Tier 1

Nithya Partners‘ litigation and dispute resolution practice fields ‘depth and width of knowledge and experience’ in a variety of contentious matters, with civil litigation pertaining to shareholders and corporate governance a notable area of expertise. The department’s rapport of work includes disputes in the mining, financial, and renewable energy sectors, among others. Chanaka de Silva co-heads the team with Aruna Samarajewa, both holding extensive expertise in contentious financial matters. They are assisted by the regulatory and contractual dispute experience of Uween Jayasinha, while Dilrukshi Paul is involved in infrastructure and project finance litigation.

Practice head(s):

Chanaka de Silva; Aruna Samarajewa

Other key lawyers:

Testimonials

‘PC Chanaka De Silva, Dilrukshi Paul have been serving us for many years. They genuinely care about our matters.’

‘The firm is a unique combination of law professionals with an ability to offer specialized services to diverse areas of corporate and individual legal requirements. ’

‘Chanaka De Silva has have the depth and width of knowledge and experience to meet majority of our requirements. ’

Key clients

Hongkong Shanghai Banking Corporation (Sri Lanka Branch)

Standard Chartered Bank (Sri Lanka Branch)

Future Consumer Limited, India

Puttalam Ilmenite Limited

Nation’s Trust Bank PLC

Asiri Hospitals PLC

Associated Motorways (Pvt.) Limited

VidulLanka PLC

Navitas Solar (Pvt.) Limited

State Bank of India (Sri Lanka Branch)

D Samson & Sons (Pvt.) Limited

Strategic Insurance Brokers (Pvt.) Limited

Work highlights

  • Represented Puttalam Ilmenite Limited in two highly contested Writ Applications relating to regulatory disputes arising from the issuance of associated industrial mineral licenses and attempts to encroach on the exclusive rights of Puttalam Ilmenite Limited.
  • Represented Future Consumer Limited of India in a series of cases instituted by a Joint Venture Company of which it is the majority shareholder, by which the Joint venture is seeking orders for the transfer of the entirety of the client’s shareholding in the Joint Venture based on corporate disputes and matters arising from the highly publicised Reliance-Amazon dispute in India.
  • Represented the former Solicitor General of Sri Lanka in a Fundamental Rights Application and in a civil action, in respect of highly controversial and publicised acts of political victimsation and defamation that were committed against the client.

Sri Lanka > Projects and energy Tier 1

Nithya Partners‘ projects and project finance practice offers expertise in a diverse array of development projects. The team is retained to advise on infrastructure-related matters, including port infrastructure and mining facilities, and is experienced in every stage of project-related matters, including license applications and due dilligence. In addition, the team is proficient in energy-related matters, particularly those pertaininig to power plant and solar park-related facilities. Chanaka De Silva  leads the team, and fields his expertise in project-related matters, including transactions, regulations and financing across several industries. Associate Dilrukshi Paul is a key actor in the team, and is a participant in several of the department’s high-value and cross-jurisdictional mandates.

Practice head(s):

Chanaka de Silva

Other key lawyers:

Key clients

Lakdhanavi Limited

Rividhanavi (Private) Limted

Vidul Lanka (Private) Limited

Metrocorp (Pvt.) Ltd.

Puttalam Ilmenite Limited

U.S. International Development Finance Corporation (DFC)

Mahawa Solar (Pvt) Ltd.

Tudawe Brothers (Pvt) Ltd.

St.Anthony’s Industries Group (Pvt)LTD

Magal Ganga Power Company (Pvt) Ltd

Work highlights

  • Advised Lakdhanavi Limited from the stage of the evaluation process of their bid in relation to clarifications and matters related to the procurement procedure and also represented the client in litigation in relation to the awarding of the contract for the Kerawalapitiya LNG power plant.
  • Acted as local legal counsel for U.S. International Development Finance Corporation (DFC) in respect of the financing of the Colombo West International Terminal Project by DFC.
  • Advised Rividhanavi (Private) Limited in the development of the 100 MWAC Solar Park Facility at Siyambalanduwa and the construction of 132 kV Transmission Facility, being the first of its nature, in the negotiations with the Ceylon Electricity Board, the Ministry of Finance and other State entities, in finalizing the project agreements.

Sri Lanka > Real estate and construction Tier 1

Nithya Partners‘ real estate and conveyancing department is noted for ‘keeping the commercial and legal sensitivities in check’, working with both individual clients and conglomerates, including banks, research facilities and international conglomerates, in proprietary matters. In addition to its high proficiency in lease and sublease agreements, the team advises clients in matters involving properties held on trust, mortgaging properties for financial clients, and conveyancing large commercial properties. Seanika Perera-Pulle heads the practice, providing deep experience in real estate litigation involving large projects and complexes. In addition, senior associate Oshini Siriwardhana acts in both local and international real estate matters.

Practice head(s):

Seanika Perera-Pulle

Other key lawyers:

Testimonials

‘The trust worthy, intelligent and macro thinkers at Nithya Partners makes this legal practice a highly recommend firm in Sri Lanka and South Asia. Advice given is always balanced, keeping the commercial and legal sensitivities in check. What makes Nithya unique is the culture – it’s band of lawyers are extremely competent ,unbiased, inclusive & are pillars of strenghts to a company that is striving to achieve.’

‘Professional and timely service. People you deal with are very knowledgeable. ’

‘Most important is when you deal with Nithya Partners and handover a job to them it gets done without one having to continually remind. ’

‘Nithya Partners have conducted their duties in a most professional manner and been available to address any issues that have arisen. I believe it is their personal approach towards their clients that is their greatest strength. I have worked with a number of lawyers within the firm and can vouch for their capabilities and professionalism throughout our relationship.’

‘Nithya Partners are a very well respected practice, and have an experienced and diligent team.’

‘ Seanika and her team have the knowledge and expertise to guide you through the most challenging of situations. You can be assured that they will put your interests first when handling any case for you.’

‘Quick turnaround, responsive to client’s requests ’

‘Thorough and knowledgeable in the specialized area of practice. Able to provide precise advice ’

Sri Lanka > Tax Tier 1

Nithya Partners‘ tax practice offers diverse legal services for taxation related matters, but notably stands out for its litigation expertise. The team has represented clients at the appellate and Supreme Court matters in highly sophisticated mandates involving tax concessions, appeals of assessments, and the effects of stocks, interests and contracts in determining taxation. Naomal Goonewardena  heads the department, and is highly experienced in tax-related matters for highly-valuable clients in the financial industry, as well as multinationals. Another key team member is Prashanthi Vignanantha, who represents clients before the Tax Appeals Commission, Court of Appeal and Supreme Court.

Practice head(s):

Naomal Goonewardena

Other key lawyers:

Key clients

Standard Chartered Bank Ltd

McLarens Lubricants (Private) Limited

Setmil Developers Lanka (Pvt) Ltd

People’s Bank

Kegalle Plantations PLC

CEI Plastics Limited

Ceylon Shell Flour (Private) Limited

Ole Spring Bottlers (Pvt) Ltd

Acuity Stockbrokers (Pvt) Ltd

Classic Travels (Pvt) Ltd

Sri Lanka > Corporate and M&A Tier 2

Fielding ‘a diverse team of experts able to handle most matters,’ the corporate, Commercial and M&A department at Nithya Partners is especially active in transactional matters, including amalgamations, share sales and acquisition of publicly listed companies. Additionally, the team is proficient in corporate due diligence work, advising multinational companies on regulatory compliance. Naomal Goonewardena is highlighted for his ‘thorough analysis of facts and the law,’ and co-heads the department with the ‘exceptional’ Nirusha Ratnatunga, a specialist in corporate law and acquisitions.

Practice head(s):

Naomal Goonewardena; Nirusha Ranjitkumar Ratnatunga

Testimonials

‘I have dealt exclusively with a partner in Nithya Partners. The advice provided is unique, particularly regarding the financial sector, tax, etc.’

‘Neomal Gunawardhane is both qualified in law and accountancy and thus does not look at transactions only from the perspective of legal. Provides advice based on a thorough analysis of facts and the law, which helps clients to make decisions on commercial transactions.’

‘They are a very dynamic team offering a wide range of practice areas. In my experience, they are committed to delivering innovative, timely, and commercially viable solutions to the legal challenges that are referred to them.’

‘I have closely worked with the following partners and associates: Chanaka De Silva, Naomal Gunawardena, Nirusha Ratnatunga, and Dilrukshi Paul. They are extremely professional and very easy to work with. Contactable via call and are ready to assist to the extent possible.’

‘Team capabilities and knowledge on the subject topics are very relevant, which helps us in making conscious business decisions.’

‘Mr. Naomal is a unique character in terms of capabilities, and knowledge of the law of finance and taxation.’

‘Accessibility and expertise. The firm has a diverse team of experts able to handle most matters. Accessibility to the partners who are experts in their areas of specialisation and competitive fees remain the top reasons Nithya Partners to be selected as our preferred legal counsel.’

‘Nirusha Ratnatunga is an exceptional corporate lawyer. She is easily accessible, gives practical advice and has a lot of corporate law experience.’

Work highlights

Sri Lanka > Intellectual property Tier 2

Nithya Partners‘ intellectual property offering handles a range of trade mark-related matters, including infringements, registration, and policy. The team is equally adept at pursuing contentious matters as they are in mediating across parties to achieve favourable outcomes in matters involving misuse of trade marks and patents. Chamindi Ekanayake advises both local and international clients in trade mark and IP strategies. He heads up the practice alongside Chanaka de Silva, PC.

Practice head(s):

Chamindi Ekanayake; Chanaka De Silva PC

Testimonials

‘Nithya Partners have a strong and expert staff and follow up on the work.’

‘We work with Chamindi Ekanayake. She is an informed, persistent, committed, friendly and customer-oriented person.’

Work highlights

The firm: Nithya Partners was established in 1997 with the goal of delivering a modern and responsive service in corporate and financial law. The firm is led by a group of partners who combine a unique blend of multi-disciplinary experience along with an extensive knowledge base of several years of legal practice in the public and private sector. These strengths have allowed the firm to deliver innovative, timely and commercially viable solutions to clients, and thereby position itself as one of the leading corporate law firms in Sri Lanka, within a relatively brief period.

Areas of practice: Nithya Partners is a full service law firm with a strong presence in all the main practice areas such as banking and finance, corporate, commercial and M&A, project development, dispute resolution, tax, real estate and intellectual property. Nithya Partners has participated in some of the largest cross-border investments, mergers and acquisitions of recent times. The firm has also leveraged its multi-disciplinary 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 continues to maintain its strong practice in the area of banking and finance and has been actively involved in a number of large transactions which have taken place recently. The firm has demonstrated its expertise in the areas of international bond offerings, loan financing (bilateral and syndicated loans, ECA backed financing, 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 lawyers 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, glass, food, hospitality, property, energy, freight forwarding, IT, financial services and healthcare.

Intellectual property: Nithya Partners has focused on developing its intellectual property practice over the years. The division 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 has been involved in most of the largest project development 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 in Sri Lanka for Tax. The firm has represented and is representing several banks and corporates before the Tax Appeals Commission, Court of Appeal and the Supreme Court. The firm has been engaged to advise and represent clients both local and foreign in disputes involving both direct and indirect tax matters.

Department Name Email Telephone
Agency and distributorship Ms. Nirusha Ratnatunga [email protected] +94 11 4712625 (Ext 203)
Alternative dispute resolution Mr Chanaka de Silva, PC [email protected] +94 11 4712625 (Ext 207)
Banking and finance Mr. Naomal Goonewardena [email protected] +94 11 4712625 (Ext 209/210)
Capital markets Ms. Nirusha Ratnatunga [email protected] +94 11 4712625 (Ext 203)
Commercial and civil litigation Mr Chanaka de Silva, PC [email protected] +94 11 4712625 (Ext 207)
Consumer law Mr. Aruna Samarajewa [email protected] +94 11 4712625 (Ext 208)
Conveyancing and real estate Ms. Seanika Pulle [email protected] +94 11 4712625 (Ext 211)
E-commerce Mr. Aruna Samarajewa [email protected] +94 11 4712625 (Ext 208)
Foreign investment Mr. Naomal Goonewardena [email protected] +94 11 4712625 (Ext 209/210)
Intellectual property Ms. Chamindi Ekanayake [email protected] +94 11 4712625 (Ext 215)
International trade Ms. Nirusha Ratnatunga [email protected] +94 11 4712625 (Ext 203)
Joint ventures Ms. Nirusha Ratnatunga [email protected] +94 11 4712625 (Ext 203)
Mergers and acquisitions Ms. Nirusha Ratnatunga [email protected] +94 11 4712625 (Ext 203)
Project financing Mr Chanaka de Silva, PC [email protected] +94 11 4712625 (Ext 207)
Tax Mr. Naomal Goonewardena [email protected] +94 11 4712625 (Ext 209/210)
Telecommunications Mr Chanaka de Silva, PC [email protected] +94 11 4712625 (Ext 207)
Photo Name Position Profile
Peshala Attygalle photo Ms Peshala Attygalle Partner
Chamindi Ekanayake  photo Ms Chamindi Ekanayake Head of Department: Intellectual Property
Naomal Goonewardena  photo Mr Naomal Goonewardena Precedent Partner
Seanika Pulle photo Ms Seanika Pulle Head of Department: Conveyancing & Real Estate
Nirusha Ratnatunga photo Ms Nirusha Ratnatunga Partner
Aruna Samarajewa photo Mr Aruna Samarajewa Partner
Chanaka de Silva, PC photo Mr Chanaka de Silva, PC Partner
Number of lawyers : 16
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