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Capital Markets

Our firm has the most experienced and well established lawyers in this area. Our lawyers have been involved in the drafting of laws / regulations of the Capital Market Development Agency (CMDA) of the Maldives. CMDA retained the firm as subject matter experts for the development and establishment of Capital Market framework. 

Some of our core services in this area includes review of legal and regulatory matters, drafting prospectus, strategic advice on IPOs, listing / de-listing, and negotiating contracts.  

Notable Matters: 

  • Reviewed a listed bond prospectus for one of the leading providers of finance and leasing products in Maldives, for a listing on the first electronic platform established to facilitate and operate transactions in the private securities market of Maldives. 
  • Acting for two foreign financial institutions in the initial public offering of shares in a state-owned company. 
  • Acted for a local telecommunications provider in the initial public offering of 11,400,000 ordinary shares in the company.  
  • Advised an Abu Dhabi Bank in relation to the offering of USD 100 million notes by the Ministry of Finance and Treasury on behalf of the Government of Maldives. 
  • Advised a Hong Kong listed company's Hong Kong subsidiary in relation to the offering of USD 200 million notes by the Ministry of Finance and Treasury and Treasury on behalf of the Government of Maldives.