Solicitors governing body: The Law Society of Brunei Darussalam
Financial regulator: Brunei International Financial Center of the Ministry of Finance
IFLR1000 ranking categories:
Financial and corporate (published October) – Financial and corporate
Brunei is an oil-rich country in East Asia and an absolute monarchy, where the Sultan of Brunei is both head of state and head of government. The country has strong ties with the UK as it was a colony until 1984. Its legal system is therefore based on English common law with an independent judiciary, a body of written common law judgments and statutes, and legislation enacted by the Sultan.
The corporate legal practice in the country is dominated by Abrahams Davidsons & Co and CCW Partnership with the former being focused on corporate and commercial work and the latter focused on construction, real estate and technology.
As a state composed of a majority of Muslims, Islam has been made the official religion of Brunei Darussalam but there is also concern that the country is shifting towards adopting an Islamic legal framework.
In 2014, the monarch Sultan Hassanal Bolkiah, also one of the wealthiest men in the world, announced his intention to introduce a full shariah system in the nation. Under the new law, tough Islamic punishments are rolled out and critics on social media websites could face prosecution.
Candy Chan - Journalist - Asia-Pacific
Abrahams Davidson & Co is a market leading firm in financial and corporate work.
The firm has experience in advising international clients on a host of matters including investments and joint ventures, syndicated loans, bonds, Islamic financing, regulatory compliance, and projects.
During the research period the firm advised on matters related to acquisitions, regulatory compliance, aircraft leasing and market entry. Key sectors of activity include agriculture, aviation, insurance, and banking and financial services.
Recent Deal Data highlights
• Aboitiz Equity Ventures acquisition of Gold Coin Feedmill
"The law firm's work is generally good and the lawyers are generally responsive." – Financial services regulatory
“Very clear, concise and properly thought through legal opinion. Extremely well drafted as well so that definitely saves the client a lot of time when seeking to do transactional/legal diligence in Brunei.” – Financial services regulatory
“The law firm's work is satisfactory. The law firm is responsive and delivers sound advice.” - Banking
"This lawyer has a good understanding of the local market practices and local laws. The lawyer is responsive and delivers sound and practical advice."
CCW Partnership is a top tier firm in Brunei and is recognised for its quality financial and corporate work.
During the research period the firm was involved in acquisitions, joint ventures, and restructurings in sectors including, construction and transport.
Ridzlan Lim is active across the financial and corporate space.
During the research period a notable mandate saw the firm acting on an international listing on the HKSE.
Recent Deal Data highlights
• Watts International Maritime Engineering HKSE IPO