Banking and Finance

Our Banking and Finance team has the expertise and insights to guide clients through the intricacies of emerging markets, offering commercially focused legal & tax advice grounded in extensive experience representing leading banking and financial institutions. By leveraging both international experience and local legal expertise, we have established ourselves as premier financial legal advisers in developing Asia.

We represent a diverse range of clients, including domestic and international banks, sponsors, private and institutional investors, insurance companies, development banks, governments, agencies and state owned enterprises in their domestic and cross-border finance transactions. Our experience span a wide array of transactions including commercial and institutional lending, acquisition and leveraged finance, project finance, securitization and structured finance, derivatives, secured and unsecured transactions, and regulatory advice and compliance.

DFDL is a member of numerous legal panels of leading financial institutions such as International Finance Corporation and the Asian Development Bank. Our goal is to provide clients with practical legal advice that exceeds their expectations in these markets. We strive to offer the best solutions while retaining a focus on the commercial aspects of your business.

How we can help:

  • Corporate banking, loan syndication, and cross-border lending;
  • Project finance and acquisition finance;
  • Financial services regulation;
  • Securitization, derivatives, and structured finance; and
  • Financial technologies.

Key Credentials

  • ING Bank on its USD 75 million loan to Cleantech Solar Asia to help finance, construct and operate a portfolio of rooftop solar photovoltaic projects across Southeast Asia. This was the largest “green” loan in Asia Pacific in the commercial renewables sector.
  • Standard Chartered Bank on the USD 195 million term loan financing to Ha Noi Thien Y Environmental Energy for its development of a 75 MW waste-to-energy plant in Hanoi – Vietnam’s largest waste-to-energy plant.
  • IFC, Daelim Energy and Clifford Capital, the lender and equity investors on a USD 170 million financing to a Singapore entity for the acquisition of Summit Corporation Limited that owns a majority controlling stake in 17 gas and fuel-based power projects ranging from 50 MW to 450 MW capacity in Bangladesh.
  • China Development Bank, one of the largest state-owned development banks in the world, in connection with the lending of a term loan bank facility of USD 100 million to the Bank of the Lao PDR.
  • Mizuho Bank and ING Bank, as lenders, in connection with a USD 55 million loan facility for the purpose of refinancing a power transmission line operator, Cambodian Transmission.
  • Grab, as lenders counsel for Cambodia and Myanmar, in relation to advising a consortium of lenders on its first senior secured term loan facility, the biggest term loan facility in the Asian tech sector, with a principal amount of USD 2 billion.
  • A consortium of banks and financial institutions on its financing of USD 300 million, 225 MW gas-fired combined power plant project, the largest of its kind in Myanmar, the Myingyan Power Plant.
  • IFC and ADB as local counsel on a proposed USD 400 million equity and loan funding on a project finance basis for the Landmark mixed use real estate development in downtown Yangon being carried out by the Yoma Group of companies.
  • A foreign export-import bank on its USD 800 million acquisition financing of a large teak plantation in Myanmar.

Awards

2024 asialaw

  • Banking and Finance ThailandHighly Recommended
  • Banking and Financial Services CambodiaHighly Recommended
  • Banking and Financial Services Lao PDRHighly Recommended
  • Banking and Financial Services ThailandHighly Recommended
  • Banking and Finance VietnamRecommended
  • Banking and Financial Services VietnamRecommended

2024 legal 500 asia pacific

  • Banking and Finance Bangladesh Tier 2
  • Banking and Finance Thailand Tier 3

Key Contacts

Partner, Managing Director, Indonesia & Singapore | Head of Regional Banking and Finance
Indonesia, Singapore, Thailand
+65 983 661 52
Partner, Managing Director, Myanmar | Regional Head of Dispute Resolution Practice
Cambodia, Myanmar
+95 997 612 1022 / +855 783 335 66

Insights

Intelligence from the DFDL legal team

Banking and Finance
Nov 20 2024

Vietnam: More Favorable Conditions for Foreign Investors in the Vietnamese Stock Exchange – Opening and Using Vietnam Dong Accounts

The State Bank of Vietnam (SBV) has recently released a draft Circular outlining proposed regulations for the opening and use…
Banking and Finance
Sep 16 2024

Chambers ‘Investing in Bangladesh 2024’ Global Practice Guide

We are delighted to announce that DFDL has contributed to the Chambers Investing in Bangladesh 2024 guide! This comprehensive resource…
Banking and Finance
Sep 10 2024

Cambodia: Rules Pertaining to E-Commerce Clarified for Banks

“You can’t always get what you want, but if you try sometimes, you might just find you get what you…
Banking and Finance
Jul 11 2024

Cambodia: Deadline Extension for Submission of 2023 Audited Annual Financial Statements for Enterprises & Non-Profits with the ACAR

On 09th July 2024, ACAR issued a notification to provide an additional month to the 20 July 2024 deadline for…
Banking and Finance
Jul 2 2024

DFDL Bangladesh Supports Epic Group's Sustainable Growth with IFC's USD 100 Million Financing

DFDL Bangladesh is pleased to announce its successful representation of Epic Group Holdings (Epic Group) in securing a landmark USD…
Banking and Finance
Jun 21 2024

Myanmar: The Central Bank of Myanmar Updates Digital Payment Limits

On 12 June 2024, the Central Bank of Myanmar (“CBM“) issued a letter “Amending the Allowed Amounts for Carrying Out…
Banking and Finance
Jun 21 2024

Key Changes in the Bangladesh Finance Bill 2024

DFDL is excited to announce the recent passing of the Bangladesh Finance Bill 2024. This important legislation introduces significant changes…
Banking and Finance
Jun 20 2024

Cambodia: Update on Measures to Ease the Use of Khmer Language in Accounting Records and Supporting Documentation

Notification 031/24 AAR (Notification 031/24) was issued by the Accounting and Auditing Regulator (ACAR) on the 15th of May 2024…