The Firm’s Banking and Finance Group serve major domestic and international institutions in relation to various matters including banking, securities, derivatives and funds. The Firm also advises the Treasury and financial departments of some of Sri Lanka’s most well-known companies.
We regularly act on bank lending transactions, including secured and unsecured bilateral and syndicated loans, short, medium and long-term credit facilities. We have acted as foreign counsel to several international lenders on syndicate loans granted to the Government of Sri Lanka and other banks and companies in Sri Lanka. We advise on the setting up and closure/liquidation of banks, new banking products, loan restructurings and re-financings, asset sales and debt trading, as well as general banking transactions and facilities. We regularly advise banks and other financial institutions with regard to anti-money laundering legislation including compliance issues. We are also involved in the drafting of loan and security documentation. We regularly advise international custodian banks with regard to their sub custodian arrangements with local banks.
We also advise on legal issues relating to derivatives and other financial products. Where financing is concerned, we have a particularly strong team of aircraft finance specialists - we are the first choice as counsel for foreign lessors of aircraft to Sri Lankan operators.