Zima Majid advises on cross-border transactions and regulatory matters, with a practice focused on banking and finance, M&A, and project development. She has worked on transactions involving international financial institutions, private equity sponsors, and corporate investors, particularly on matters relating to foreign investment, resort acquisitions, and infrastructure and energy projects. Her experience includes multi-jurisdictional financings, legal due diligence for acquisitions in the tourism and hospitality sector, and supporting clients through the regulatory and transactional framework that governs foreign investment in the Maldives. She frequently works alongside international counsel on transactions involving complex financing structures and cross-border elements. In addition to her transactional work, Zima supports foreign investors on investment structuring, regulatory compliance, and tourism sector acquisitions, and assists the firm’s litigation and arbitration practice on commercial and infrastructure-related disputes.
NOTABLE MATTERS
• Acting for a state-owned airport operator on the Velana International Airport expansion project, a USD 960 million infrastructure development involving multiple foreign contractors and lenders. (VIA Expansion)
• Working on the development of the Maldives’ first floating solar special economic zone project, a USD 187 million renewable energy investment by a foreign energy developer.
• Acting for a leading global investment firm in connection with its proposed acquisition of two major Maldivian operators, aimed at combining their assets and operations to establish a leading presence in a key industry.
• Representing an ICICI Bank Limited on its entry into the Maldivian market through a USD 110 million financing to a hospitality group for the refinancing of a resort property.
• Acting for a foreign investor in the acquisition of an operational resort, hotel and attached airport located within a UNESCO Biosphere Reserve.
• Assisting a foreign investment fund on its cross-border acquisition of an operational tourist property in Raa Atoll, including financing and regulatory coordination with multiple international stakeholders.
• Acting for a resort operator on the refinancing of a USD 36 million term loan facility for a Maldivian resort property.
• Advising on the pre-IPO reorganisation and cross-border structuring of a Maldivian asset as part of a regional hospitality portfolio listing.
• Assisting on a proposed acquisition of a lagoon site in Kaafu Atoll.
PRACTICE AREAS
Aviation
Banking and Finance
Capital Markets
Construction and Infrastructure
Dispute Resolution
Employment and Industrial Relations
Foreign Investments
Regulatory and Compliance
Tourism and Hospitality