Miss Lilian Liew > Zaid Ibrahim & Co (a member of ZICO Law) > Kuala Lumpur, Malaysia > Lawyer Profile

Zaid Ibrahim & Co (a member of ZICO Law)

Work Department

Lilian heads the Debt Capital Markets and Structured Finance practice at Zaid Ibrahim & Co.

She has advised Malaysian and international financial institutions and project sponsors on single bank and syndicated term and multi-facility loans, banking regulations and other general banking matters.  She has extensive experience in advising, structuring, negotiating and documenting project finance transactions, Islamic finance transactions, debt and equity linked security issues, bank capital instruments, asset-backed securitisation transactions, structured notes and other structured finance transactions.  Lilian’s experience also includes advising local and international lenders on the financing of some of the largest infrastructure projects in Malaysia based on conventional and Islamic financing structures. Lilian has led many award winning capital market deals, the most recent being the 2018 award for Project & Infrastructure Finance Deal of the Year by Islamic Finance News for her role in the world’s largest green SRI sukuk, Quantum Solar Park’s RM1 billion Green SRI Sukuk.

Under her leadership, the Debt Capital Markets and Structured Finance practice at Zaid Ibrahim & Co. has consistently been ranked in the top tier in Capital Markets and Banking & Finance in international publications such as Chambers, Legal 500 and IFLR. Lilian is recognised as a leading lawyer for Banking & Finance in IFLR 1000: The Guide to the World’s Leading Financial Law Firms every year since 2006. Lilian has also been named in Who’s Who Legal as a leading practitioner in the Capital Markets field since 2013 and also is one of only four Malaysian lawyers named in IFLR1000’s Women Leaders Guide 2018 – an elite cohort of the 300 leading female transactional experts in local markets globally.




Lilian started her career in legal practice at Shook Lin & Bok in January 1992.  In 1995, Lilian joined the firm as an associate and she was made a Partner in 1998.


  • English
  • Malay


  • Advocate and solicitor of the High Court of Malaya
  • Bachelor of Laws (Honours) degree and Bachelor of Economics degree from Monash University, Australia​

Lawyer Rankings

Malaysia > Islamic finance

(Leading individuals)

Lilian LiewZaid Ibrahim & Co (a member of ZICO Law)

The banking and finance team at Zaid Ibrahim & Co (a member of ZICO Law)  has experience in structuring, negotiating and drafting documentation for a range of Islamic finance transactions. Lilian Liew heads the team alongside David Lee Kim Meng. Chin Sook Kwan  is an additional name to note.

Malaysia > Capital markets

(Leading individuals)

Lilian LiewZaid Ibrahim & Co (a member of ZICO Law)

Both debt and equity capital market issues are handled by the team at Zaid Ibrahim & Co (a member of ZICO Law). Covering both domestic and cross-border cases, it handles bond issues (high yield, convertible and exchangeable), debt programmes, initial public offerings and equity (as well as equity linked) derivatives such as structured warrants and exchange traded funds. Where required, these matters are pursued in conventional or Islamic parameters with relevant adjustments made for compliance, product design, structuring and documentation (a recent highlight being SD International Sukuk’s issuance of a high yield sukuk based on the principle of Wakalah Bi Al-Istithmar). Recommended lawyers: Gilbert GanLilian LiewWooi Hong Tan , Ahmad Zulkharnain MusaIdahani Ismas Ismail  and Ang Siak Keng.

Malaysia > Banking and finance

(Hall of Fame)

Lilian LiewZaid Ibrahim & Co (a member of ZICO Law)

The banking and finance offering at Zaid Ibrahim & Co (a member of ZICO Law) is led by Lilian LiewChin Sook Kwan, the ‘invaluableDavid Lee Kim Meng and the ‘promptLoo Tatt King. Described as a unit that provides ‘strong commercial advice‘, it handles: domestic (as well as international) syndicated lending, derivatives, export finance, structured trade finance, convertible loan stock issues, asset financing and the leasing of aircraft and ships. A standout highlight is the firm’s role as counsel to Wings Capital Partners in an acquisition of the beneficial interest in three Airbus A320-200 aircraft. Recommended lawyers: Debbie Voon and Jessie Lim.