Our core practice areas are Banking and Finance, Tourism and Leisure, Acquisitions, Real Estate, Aviation, Foreign Investments and Corporate and Commercial.

We are also leading practitioners in specialist areas including Dispute Resolution, Pensions and Employment, Telecommunications, Construction, Shipping and International Trade, and Intellectual Property.

CORPORATE AND COMMERCIAL

Our corporate and commercial work is at the heart of our practice, and we “enjoy a significant market share in the Maldives” in this field (IFLR1000 Review, 2014). We service a broad range of international and local clients in many industry sectors. The depth of our expertise enables us to advise on complex commercial transactions and negotiations.

Public-Private Partnership

We have played a leading role in Maldives’ public-private partnership projects. Our clients include governments, public sector enterprises and private companies. We have acted for:-

  • Island Aviation Services, the Maldives national carrier, in an acquisition deal involving the purchase of the company’s first Airbus A320 aircraft from Air Lease Corp
  • Maldives Transport and Contracting Company, in the 22 Harbours Project in the Maldives valued at $30 million, for constructing and developing harbours in 22 islands.
  • Private sector companies in the bidding process for the privatisation of airport management for Male’ International Airport.
  • Hitachi Plant Technologies, Japan, in the bidding process for acquiring shares in Male’ Water and Sewerage Company.

Acquisitions

We have acted in a variety of high profile acquisition transactions. In recent projects, we were retained by:-

  • Island Aviation Services, the Maldives national carrier, in an acquisition deal involving the purchase of the company’s first Airbus A320 aircraft from Air Lease Corp
  • CDL on its acquisition of Banyan Tree’s Velavaru Angsana Resort – a deal worth $72.4 million
  • Hitachi Plant Technologies, Japan, in the acquisition of shares in Male’ Water and Sewerage Company.

Commercial

Our commercial work is at the heart of our practice. We offer advice on a broad range commercial transactions and negotiations, including:

  • Foreign and local investments in the Maldives
  • Distribution arrangements
  • Agency agreements
  • Terms of engagements of services
  • Partnership structures
  • Industrial relations
  • Employment

General Corporate

We offer advice on all aspects of general corporate matters, and keep our clients up to date with company administrative procedures and requirements, including:

  • annual general meetings including reviewing annual report and accounts, business reviews, directors’ remuneration reports and notices of meetings
  • share capital and shareholder rights
  • directors’ and officers’ liability
  • corporate governance issues
  • company formation and administration

We advise a range of clients including:

  • government-owned companies on the adoption and amendment of their articles of association and general market practice
  • overseas companies on registration of offices in the Maldives
  • foreign banks and accountants on licensing regulations and establishing branches in the Maldives

Corporate Governance

We are specialists in the corporate governance rules and procedures in the Maldives. We have advised:

  • World Bank on the corporate governance regime and development in the Maldives

Capital Markets Development Unit of the Maldives Monetary Authority/ Ministry of Finance and Treasury on regulatory and compliance issues

BANKING AND FINANCE

We are leading specialists in Banking and Finance work, and “enjoy a significant market share in the Maldives” in this field (IFLR1000 Review, 2014).

We advise on a broad range of financing structures and solutions, and are ongoing legal counsel to leading financial institutions lending to both the private and public sectors in the Maldives, including:

  • the International Finance Corporation
  • Mauritius Commercial Bank Ltd
  • Aareal Bank AG
  • Bank of Ceylon Ltd
  • Habib Bank Ltd

Our extensive experience includes advising on the following types of facility:

  • single bank
  • syndicated
  • secured and unsecured
  • revolving and term
  • revolving with term-out option
  • multi-currency
  • letter of credit
  • guarantee and performance bond issuance

TOURISM AND LEISURE

We have played a leading role in the transformation of the Maldives tourism sector since 2001. Our particular expertise in all aspects of tourism and leisure work covers:

  • tourist resort/ hotel sales and acquisitions
  • island resort construction and development
  • tender submissions for government resort development projects
  • structuring finance for hotel asset purchases
  • regulatory and licensing requirements
  • foreign investments and establishment of Maldives operations
  • drafting island head and sub-lease agreements
  • developing hotel management and services agreements
  • advising on all aspect of hotel operational matters
  • resolving contractor and employment agreement disputes
  • safari vessel sale and purchase and operation agreements

Our extensive industry knowledge allows us to offer insightful advice to our ongoing clients, who include:

 

  • Jumeirah International LLC
  • Taj Hotels, Resorts and Palaces
  • Shangri-La Hotels and Resorts Group
  • Marriott International, Inc.

REAL ESTATE AND CONSTUCTION

We are specialists in real estate and construction work, and advise on a broad range of industry matters:

  • acquisitions and transfers of premises
  • secured lending
  • purchase and sale of investment properties
  • construction contract documentation and negotiations
  • environmental law
  • suppliers contracts
  • contractors and sub-contractors agreements
  • landlord/ tenant and lease agreements
  • services for property managers

SHIPPING AND INTERNATIONAL TRADE

Two of our partners have extensive knowledge of shipping and international trade related issues from working in prominent maritime and commodities practices in the City of London. We have expertise in matters relating to bills of lading, charterparties, letters of credit and international contracts of sale.

PROPERTY

Acquisition and disposal of premises, secured lending, purchase and sale of investment property, environmental law, landlord and tenant issues (including drafting lease agreements), and services for property managers.

INVESTMENT BUSINESS AND FINANCE SERVICES

We act as independent financial advisers and this provides an additional service to clients. We can carry out investment and portfolio planning (including stocks, shares, bonds, gilts, deposit accounts) as well as insurance business (including life insurance, regular savings plans) and employee benefits planning (including employee benefits and medical insurance).

BANKRUPCY AND LIQUIDATION

The Law Firm offers advice, planning, re-structuring and litigation strategy in order to fully address client needs in personal bankruptcy and corporate insolvency matters.

LITIGATION AND DISPUTE RESOLUTION

Our approach to litigation recognises that strategy, negotiating ability and a commercial approach are as important as legal skills. We therefore view our role of dispute resolution in the widest sense.

NEW AND DEVELOPING AREAS OF MALDIVES LAW

The Maldivian legal framework is in its development stage and legislation/ regulations are being regularly introduced in a number of new areas. Our attorneys are able to advise on all such areas including Intellectual Property and Copyright Law, Employment Law, and Revenue Law.

INTERNATIONAL

The Law Firm has experience and associations with number of law firms overseas in order to be able to advise on the laws of England, Germany, Italy, Singapore, Malaysia and Australia.