Banking and Finance

S&A offers services in relation to the full spectrum of financial products including lending and acquisition finance, asset finance, and structured project finance. With a diverse portfolio of clients including international financial institutions, foreign and local banks, and state-owned companies the firm and its lawyers are highly regarded for proposing dynamic solutions to complex financing transactions.

The firm has advised leading banks from around the world on financial transactions relating to tourist resort and investment acquisitions in the Maldives. We have similarly advised foreign incoming investors in tourism and real estate market on almost all of the major inward investments in the sector.

Recent matters:

Retained external counsel for the leading local bank established in Maldives advising on various corporate and commercial matters including the drafting and review of various documents and agreements.
Acting for the borrowers in a USD 176 million financing from a Singaporean bank for the acquisition of 2 operational tourist properties in the Maldives.
Acting for the borrower in a USD 75 million financing from two foreign financial institutions.
Acting for the borrower in a USD 50.5 million financing from a German bank for the acquisition of an operational tourist property in the Maldives.
Acting for a Singaporean bank in a USD 334.5 million refinancing which includes 6 operational tourist properties as security.
Acting for the borrower in a USD 70 million financing from a Mauritian bank for the acquisition of an operational tourist Property in the Maldives.
Acting for a German bank in a USD 25.3 million refinancing which includes 1 operational tourist property as security.
Acting for a Singaporean bank in a USD 305 million refinancing which includes 6 operational tourist properties as security
Acting for a Saudi Arabian financial institution in a USD 10 million facility to a local bank.
Acting for a Sri Lankan bank in a USD 8 million project finance matter which includes an operational tourist property as security.
Acting for a Singaporean bank in a USD 295 million refinancing which includes 5 operational tourist properties as security.
Acting for a German bank in a USD 14 million refinancing which includes an operational tourist property as security.
Acting for an Indian based bank in a USD 74 million project finance matter for the development of a luxury resort in Maldives.
Acting for a Singaporean bank in a USD 10 million refinancing which includes an operational tourist property as security.
Acting for a German bank in a USD 70 million refinancing which includes an operational tourist property as security.
Acting for the borrower in a USD 65 million facility from a Thai Bank for the acquisition of an operational property in the Maldives.
Acting for the borrower in a USD 111 million facility from a German Bank for the acquisition of an operational property in the Maldives.
Acting for the borrower in a USD 114 million facility from a German bank for the acquisition of three operational properties in the Maldives.
Acting for a Thai bank in a USD 120 million project finance matter which includes operational tourist properties as security.
Acting for a Thai bank in a USD 24 million project finance matter which includes operational tourist properties as security.
Acting for a local bank in a USD 50 million facility from an international financial institution.
Acting for a European bank in a USD 45 million facility granted to a state-owned entity in the Maldives.
Acting for a UAE bank in a USD 78 million project finance matter which includes an operational tourist property as security.
Acting for a Singaporean bank in a USD 65 million facility granted to a state-owned entity for an infrastructure project backed by a sovereign guarantee.
Acting for a Chinese bank on a USD 370 million loan granted to a state-owned company backed by a sovereign guarantee for an infrastructure project in the greater Male’ region.
Acting for a Chinese bank on a USD 75 million loan granted to a state-owned company backed by a sovereign guarantee for a utility project in the greater Male’ region.
Acting for a Thai based bank in a USD 16 million refinancing which includes an operational tourist property as security.
Acting for a Thai based bank in a USD 62 million project finance matter for the development of a luxury resort in the north of Maldives.
Acting for a borrower in a USD 18 million facility from a Singaporean Bank for the acquisition of an operational property in the Maldives.
Acting for a Czech Bank on a 260 million Euro refinancing of a resort property in the Maldives.
Acting for a Singaporean Bank on a USD 40 million refinancing of a resort property in the Maldives.
Acting for a German Bank in a 9.8 million project finance matter for a development in the fisheries sector.
Acting for a Sri Lankan Bank in a 20 million project finance matter which includes an operational tourist property as security.
Acting for a state-owned enterprise in the negotiation of a USD 360 million facility from a Chinese Bank.
Acting for a local public listed Bank in an interbank loan of USD 35 million.
Acted for Chinese Bank who acted as lead manager and arranger for Maldives Government’s first sovereign bond issue of USD 200 million.
Acted for Chinese Bank who acted as leader manager and arranger for tap of USD 50 million on the Maldives Government’s first sovereign bond issue.
Acted for Middle Eastern Bank who acted as arranged for Maldives Government’s second sovereign bond issue of USD 100 million.
Acting for a Singaporean based branch of an American Bank on a facility granted to a state-owned enterprise for an infrastructure project backed by sovereign guarantee.
Acting for a Singaporean Bank on a USD 43 million project finance for a tourist resort in the Maldives.
Acting for the Singaporean Branch of a European Bank in an unsecured loan to the Government of Maldives (as the Government of Maldives as the Borrower).
Acting for Chinese Bank on a USD 19.9 million facility to a state-owned company for an infrastructure project backed by sovereign guarantee.
Acting for a Singaporean bank in a USD 225 million refinancing which includes 4 operational tourist properties as security.
Acting for a Singapore based bank in a USD 27 million refinancing which includes an operational tourist property as security.
Advised institutional banks in relation to the LIBOR/TIBOR fixing scandal and compliance with the FCA FX Remediation program.
Advised institutional lenders on interest rate swap disputes following LTV breaches as a result of the 2008/9 global financial crisis.
Advised auditors in relation to civil law audit and regulatory investigations into their conduct followed the £12bn sale of Autonomy Corporation to Hewlett Packard and the subsequent £8bn write off.
Advised an auditor in respect of investigation into their audit of a retailer following question around related party disclosures.