Banking and Finance

Our Banking and Finance team provides commercially focused legal and tax advice based on our experience with the complexities of emerging markets. We have acted on behalf of leading global banks and financial institutions who have leaned on our international experience and local expertise. We have built a reputation as financial legal advisers in Southeast and South Asia.

Our team acts for a range of domestic and international banks, both lenders and borrowers, sponsors, private and institutional investors, insurance companies, development banks, governments, agencies and state-owned enterprises. We advise these clients in their domestic and cross-border financial 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, including ANZ Group, Standard Chartered Bank, 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 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
+65 983 661 52
Partner and Managing Director, Myanmar | Head of Regional Dispute Resolution
Cambodia, Myanmar
+95 997 612 1022 / +855 783 335 66

Insights

Intelligence from the DFDL legal team

Banking and Finance
Feb 9 2024

Myanmar-India Border Trade Rupee Vostro Account Guidelines

As of 25 January 2024, the Central Bank of Myanmar (“CBM“) under the State Administration Council (“SAC“) issued detailed guidelines…
Banking and Finance
Feb 2 2024

Cambodia Tax Alert: ACAR and Unaudited Financial Statements – An Explainer

Key Takeaways: Background The Accounting and Auditing Regulator of Cambodia (ACAR) has upgraded its public profile in recent times from…
Banking and Finance
Jan 31 2024

Vietnam: Recent Amendments to the Credit Institutions Law in Vietnam – Key Updates and Legal Implications

The amended Law on Credit Institutions 2024 was approved by Vietnam’s National Assembly on 18 January 2024 (the “Amended Law…
Banking and Finance
Jan 1 2024

Myanmar: Non-Banking Financial Institutions Require CBM Approval to Issue Subordinated Debt

CBM Approval Required On 15 December 2023, the Central Bank of Myanmar (“CBM”) issued a directive to all licensed non-banking…
Banking and Finance
Dec 19 2023

DFDL Recognized in 2024 Chambers Asia Pacific Guide

We are delighted to share the news that DFDL has achieved outstanding results in the 2024 Chambers Asia-Pacific Rankings. Our…
Banking and Finance
Dec 7 2023

Myanmar: Central Bank of Myanmar Adopts Market-Driven Exchange Rate for Online Trading Platform

On 5 December 2023, the Central Bank of Myanmar (“CBM”) issued a directive to authorized dealer banks, stating the following:…
Banking and Finance
Nov 14 2023

Myanmar: Revised Repatriation Timeline for Export Earnings

On November 6, 2023, the Department of Trade (DOT) under the Ministry of Commerce (MOC) within the State Administration Council…
Banking and Finance
Nov 10 2023

Malaysia's Data Centre Boom

The growth of Malaysia’s digital economy has been in the spotlight, and deservingly so given it is one of the…