Bangladesh

IFLR1000 Reviews

Financial and corporate
Doulah & Doulah

Active since 1965, Bangladeshi law firm Doulah & Doulah has offices in Dhaka, Chittagong and Khulna. Senior partners at the firm include Badrud Doulah and Shamsud Doulah.

 

Focusses / specialisms

The firm has a wealth of experience in the financial and corporate space and is known for its focus on cross border energy transactions and projects in Bangladesh.

 

Key clients

Recent clients include China Shandong Hispeed & Sinohydro, China Export Import Bank, Export Development Canada, General Electric, CREC International Renewable Energy and Whirlpool.

 

Research period review: 30th edition (2019/2020)

Recent highlights include advising on project financing, asset financing, acquisitions, joint ventures, and energy projects. An eye-catching deal saw the firm advise the lenders on the largest project financing in Bangladesh history.

 

Deal highlights: 30th edition (2019/2020)

Dhaka Bypass toll road

Paira-II coal fired power plant

Total Eren acquisition of a 30MW solar park

 

Client feedback: 30th edition (2019/2020)

Financial and corporate

“Good attitude and solution finders.”

“Practical and actionable advice within the relevant legal environment.”

 

A S & Associates

Established in 2011, full service law firm A S & Associates is headquartered in Dhaka and is led by managing partner A S A Bari. The firm also has an office in Mymensingh and has a presence in Sylhet via a networked firm.

 

Focusses / specialisms

The firm is active across the financial and corporate space and has experience in sectors such as transport, technology and telecommunications, conventional and renewable energy, and logistics.

 

Key clients

Key clients include International Finance Corporation, The Export Import Bank of China, Bank of China, Huntsman Bangladesh, Sichuan Road & Bridge and Bangladesh Investment Development Authority.

 

Research period review: 30th edition (2019/2020)

The firm’s recent activities include advising on restructurings, regulatory compliance mandates, fundraisings, project financings, and buy-side acquisitions. One highlight saw the firm advise the lenders in a high-value cross border project financing in the energy sector. 

 

Deal highlights: 30th edition (2019/2020)

Barishal 307MW coal fired power plant

Cutting Edge Industries $4 million acquisition of a sweater manufacturing company

Madanpur Road project

 

 

Bangladesh Law Partners

Founded in 2016, Bangladesh Law Partners is a full service law firm located in Dhaka. Shajib Mahmood Alam serves as managing partner of the firm.

 

Focusses / specialisms

The firm is noted for its work in the financial and corporate space.

Sectors of focus include energy, technology, hospitality and real estate.

 

Key clients

Recent clients include Luman Group of Companies, Unique Hotel & Resorts, Borak Real Estate, Shomadhan Platform and The Westin Dhaka.

 

Research period review: 30th edition (2019/2020)

During the research period, the firm was often active in the hospitality and real estate sectors. One recent highlight saw the firm advise a hotel management company on financing for the establishment of two hotels in Dhaka. Another high value deal saw the firm advise on the development of a power plant.

 

Deal highlights: 30th edition (2019/2020)

Shomadhan Platform restructuring

Unique Hotel & Resorts $23 million financing

Unique Hotel & Resorts $88 million zero coupon bond issue

 

Client feedback: 30th edition (2019/2020)

Financial and corporate

“BDLP has successfully handled every challenge thrown to them and continues to work on several key transactions. What is impressive about the firm is its commitment to provide honest legal services and no cutting corners attitude. They are a joy to work with. We contact mainly with Mr Shajib Mahmood Alam. He is the managing partner of the firm but deals with our work directly. His hands-on approach is very much appreciated by myself and my colleagues. No matter how short-notice our instructions are, he manages to get the job done within the deadline. As a publicly listed company with diversified investments in the hospitality industry, we really appreciate being able to avoid unnecessary delays and make fast yet accurate decisions.“

“The Firm BDLP  led by Barrister Shajib Mahmood Alam is doing very good with us.  We found BDLP is very sincere, active, and the response is very fast. Most importantly, in case of emergency, their service is available on holidays. The firm is very good at drafting/vetting of letters to be written to external bodies, including any regulatory body.“

“Communication, punctuality, and brief opinion.”

“Barrister Alam is a top-notch lawyer with years of practical experience and comes up with really fast solutions to complex problems. He is a winner.”

 

Stellar Chambers

Active since 1974, Stellar Chambers is a Dhaka-headquartered law firm with four partners.

 

Focusses / specialisms

The firm is active in the financial and corporate space.

Sectors of focus include technology, food and beverage, real estate, agriculture and mining.

 

Key clients

Recent clients include Modina Printers, Feastmakers, Planet X, Hydroquo+ and GMG Group.

 

Research period review: 30th edition (2019/2020)

Recent highlights include advising an agri-tech business on obtaining financing and assisting with the establishment of the country’s first AI and machine learning-based water company.

During the research period, the firm welcomed Afsana Rani Huq as counsel. 

The firm also recently established an office in Chattogram.

 

Deal highlights: 30th edition (2019/2020)

iPage $7.5 million financing

Kanika Commercial $4.7 million land acquisition

Planet X $5.88 million land acquisition

 

Client feedback: 30th edition (2019/2020)

Financial and corporate

“The best part of the firm is that it creates a checklist/guide for the entire process, which gives me a clear idea from the start as to what will be required. Furthermore, their advice was clear and concise, and they were easily accessible.             “

“They're very professional and thorough. They find way outs instead of just indicating the problems and roadblocks. They're problem solvers.”

“The law firm is very prompt with its services and has specialist knowledge in the areas of mergers and acquisitions.”

“The firm is experienced in dealing with corporate legal work. We take a range of legal services from them, and they are well equipped in all areas. They are very punctual and are clear with their advice.”

“The firm is an expert of mergers and acquisition and on investment matters. This was thoroughly apparent from their high-quality service. They have a good and hardworking team.”

“The firm has a good breadth of knowledge and experience in the field of insolvency.  They are very prompt with their service as well.”

“The firm is very accessible and offers clear and quick advice.”

“The firm leaves no end in achieving clients' goals. It understands client's needs very well and acts accordingly.”

“They are an extremely patient firm who carefully listens to clients' requirements. They offered us solutions quickly, which was evidence of their knowledge in the area.”

“The best quality of the firm is that they provided me with a checklist and an estimated time frame for completing their work. They were able to complete their work way ahead in time. They are very good with the acquisition of land.”

“The firm has good communication and negotiation skills. They were able to persuade the other side and their lawyers in agreeing to favorable terms and conditions.”

“I was having a hard time convincing the regulators to let me incorporate my company. Stellar Chambers made it easy and simple for me as they were able to convince the regulators by highlighting how the law accommodates my company and how my company will serve the overall welfare of the country.”

“Competent, cordial, effective communicators and good at judgement. They were able to suggest appropriate measures to properly address and smoothen all our issues.”

“The firm is able to make the best use of its knowledge of the law. It was able to use its legal knowledge to persuade the bank to give us grace periods and agreed to a low-interest rate.”

“The innovative and practical business-centric approach of the firm's vastly experienced and knowledgeable members are its positive attribute. Also, the Partners are very accessible, and associates are very reliable as their solutions were very helpful.”

“The firm was very responsive and provided feedback on time, and was helpful with additional questions.”