BDLP

This department has been involved mostly in high value finance transactions  and was recently involved in overseeing finance documentation for $400 million by a foreign lender and a local conglomerate in relation to the financing operation of St. Regis Dhaka and Hyatt Centric Dhaka. The firm’s managing partner has also given venture capital and foreign funding related advice to Shomadhan.com which is a leading mobile app based solutions platform. Apart from these, the firm is regularly involved in creation, vetting and overseeing of corporate and commercial transactions. Most recently, it was involved in review of charge documents in relation to credit facility obtained from the Dutch Bangla Bank Ltd & Commercial Bank of Ceylon Limited PLC jointly worth more than USD $23  million. The firm has also advised on ideal ownership structures and proposed legal framework for Hyatt residence project in Dhaka to be run by Borak Real Estate Ltd & Hyatt International South East Asia.

Another recent highlight is its work related to the issuance of USD $ 88.3 million worth of Zero Coupon Bonds with Strategic Finance Limited as its lead arranger and issued by Unique Hotel & Resorts Limited. The firm is continuously involved in overseeing security related documentation including mortgages, fixed & floating charges, preferential share subscription agreements, trade financing, refinancing, repurchase agreements, subscription agreements, trust deeds, leasing, corporate guarantees etc.

The firm also advises The Westin Dhaka on financial and dispute resolution matters and was directly involved in negotiating terms with Hansa Management Ltd with regards to a facilities management agreement of significant worth. Another recent highlight is its work related to drafting finalising and executing corporate guarantee of CHB Building Technologies for a local client. The firm also advises on cross border joint venture and partnerships with significant worth and most recently was involved in the signing of an agreement between a Japanese tech giant arm 2.5 and a Bangladesh conglomerate. Likewise, a similar joint venture was facilitated by the firm between a Malaysian tech company and a Bangladeshi investor for developments IT Solution based entity in Bangladesh. The firm was also directly involved in advising Borak Real Estate Private Ltd. with regards to its hotel management agreement with Hyatt International South West Asia. Recently, the firm also drafted Gratuity policy of Borak Real Estate Private Ltd. and oversaw the contract between Samsung C&T & Unique Vocation Training Center Ltd. Additionally, the firm advised Topstar Cargo Systems Limited on a significant land transaction and also advised on several land transactions in relation to several power plant projects including the 114MW Feni Lanka project that became operational recently.

The firm is also involved in regular corporate work including share transfers, mergers & acquisitions, business formations, regulatory filings and licensing. Apart from these, the firm also successfully represented BAIRA, one of the biggest trade organisations in the country, in arbitration before the Ministry of Commerce.