IFLR 1000
The Guide to the World's Leading Financial Law Firms

"Skrine is a big firm, and with such vast resources, the lawyers there can handle it all, be it a financial and corporate matter, or a litigation matter," declares one client. The firm retains its place in the market on the back of glowing support from peers and clients."The firm has been at the forefront of financial and corporate law in the country for awhile," one peer says.

The firm was involved in Baneng Holding's debt restructuring scheme which also involved the issuance of securities. The transaction is yet to be completed, and has been valued at RM215 million ($72 million).

A client recommends the firm for its level of service: "I would recommend the firm for its thoroughness. The efficiency and professionalism that they delivered through the lawyers we worked with was impressive."

The international capabilities are also highlighted by client of the firm: "The firm is very globalised: they seem to deal with an awful lot of foreign entities and international companies," says one.

Skrine remains a top choice for international clients, and has carved out a substantial reputation for itself in the banking area. Though nested in the corporate division of the firm's organisation, the banking team has been hailed by peers and clients as "formidable, and tough to beat."

One client praises the firm for its responsiveness: "We like working with the lawyers there as we get responses in a matter of hours if not days. They are truly on call 24/7 and return calls the moment they are freed from urgent engagements."

The firm is involved in financings for property, oil and gas as well as corporate transactions. Partner Theresa Chong is highly regarded by peers, with one noting: "Her leadership is invaluable to the firm."

Notable clients of the firm include: ING Insurance, American International Assurance, Thales Raytheon and Recron Malaysia, who is a member of the Reliance Group in India.

"Skrine has some of the most professional lawyers. They are diligent and competent in all respects. If there is any delay it is usually more our fault than theirs: they are very responsive," says one client. The firm combines renowned litigation expertise with a reputable corporate practice. Peers note that the firm "remains the firm to beat in all corporate matters."

The firm advised AIA in the setting up of joint venture company AIA AFG Takaful with Alliance Bank Malaysia. Work included preparing the shareholders' agreement between the joint venture parties and preparing the exclusive distribution agreement and the services agreement as well. The transaction was completed in early 2011.

Partner Janet Looi is particularly well-regarded by clients: "She is very quick to respond, and with quality individuals such as these, the added value provided by the firm far exceeds the legal cost," says one.

Another highlight for the firm was its work in setting up of ING Public Takaful Ehsan, which is a strategic alliance between ING Management Holdings, who holds a 60% stake, and Public Bank Berhad and Public Islamic Bank Berhad, who each holds a 20% stake.