Neelakandan & Neelakandan

Sri Lanka

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IFLR1000 Reviews

Financial and corporate

Neelakandan & Neelakandan is active in banking and finance, M&A, debt recovery, foreign investment, insolvency and corporate restructuring.

In finance and projects, deal highlights include advising the senior lenders, including International Finance Corporate (IFC), CDC Group and Asian Development Bank (ADB) in the first P&O port project in Sri Lanka, consisting of the construction, development, operation and maintenance of Queen Elizabeth Quay at the Port of Colombo.

The firm also acted for the contractors, Taisei Corporation of Japan and the China National Technical Import & Export Corporation, on the $741 million Southern Transport Development Project.

In the capital markets, the firm advised a number of companies listed on the Colombo Stock Exchange on matters relating to the Securities and Exchange Commission (SEC) regulations, the Colombo Stock Exchange (CSE) listing Rules and also on matters relating to the issue of new shares and debentures. These companies include Hotel Developers, Singer, Singer Finance, Janashakthi, Dunamis Capital, First Capital, Kelsey Property Development and Tokyo Cement Company.

Elsewhere the firm advised Samsung C&T Corporation, which is the construction arm of the Korean conglomerate, on its potential entry into the Sri Lankan market.