Adnan Sundra & Low is one of the leading law firms based in Kuala Lumpur, Malaysia. Established in August 1975 under the name of Mutalib Sundra & Low, the firm has operated under its present name since June 1982. Apart from the domestic practice, the firm has five foreign desks capable of handling cross-border transactions including China, India, Japan, Korea and SEA desks. The firm became the TAGLaw member for Malaysia in 2022.
Focusses / specialisms
Adnan Sundra & Low is well known for its strength in Islamic finance. It boasts market-leading banking and finance and capital markets practices and has well-established M&A and projects practices. Its banking and finance team is one of the largest in Malaysia.
The firm is active across a diverse range of sectors including oil and gas, real estate, construction, transport, renewable energy, technology and telecommunication, and logistics.
Key clients
Key clients of the firm include Axiata Group, AmInvestment Bank, Hong Leong Investment Bank, Maybank Investment Bank, BNP Paribas, CIMB Investment Bank, Citigroup Global Markets Limited, DBS Bank, MUFG Securities Asia Limited and OCBC Bank (Malaysia)
Research period review: 33rd edition (2022/2023)
During the research period, the firm was active in the area of banking and finance, capital markets, civil aviation, corporate and commercial, Islamic finance and real estate.
The firm was particularly active in Islamic debt capital markets and equity capital markets. During the research period, the firm has been involved in a number of high-profile sukuk programmes, often advising arrangers. The firm was also active in acquisition and project financing, advising both lenders and borrowers.
The corporate team kept busy handling domestic and cross-border mergers and acquisitions. The team also regularly advises clients in transactions related to disposals, trade-sale deals, private equity investments as well as acquisitions involving special purpose acquisition companies. Active industry sectors include financial services, telecommunication, oil & gas, energy, healthcare, education, technology, retail and manufacturing.
In the project space, the firm continued to provide legal advice in relation to sectors including renewable energy, power, oil & gas, rail, water, toll roads, large integrated developments and townships, airports, utilities, hotels, facilities management and theme parks.
Deal highlights: 33rd edition (2022/2023)
Amanat Lebuhraya Rakyat’s issuance of a RM5.5 billion ($1.2 billion) sustainability sukuk Murabahah programme.
TNB Power Generation’s issuance of RM1.5 billion sustainability Islamic medium-term notes.
Farm Fresh’s RM1 billion IPO on the Main Market of Bursa Malaysia Securities.
The over $12 billion merger of the telco operations of Celcom Axiata and Digi.com.
Client feedback: 33rd edition (2022/2023)
Banking and finance
“Very responsive and technically very competent.”
“Swift turnaround time and attentive.”
M&A
“Knowledgeable and provides practical solutions.”
Adrian Chee Meng Yang
“Calm demeanour and thinks strategically.”
Chioh Jia Chiam
“Attentive and swift turnaround time. Able to explain something complex as simple in a fast and easy-to-understand manner.”
