We are market-leaders and have unparalleled experience in banking and finance relating to Maldives. We are the leading choice for lenders extending debt finance for Maldivian borrowers and Maldives-related projects and matters. We advise on a broad range of financing structures and solutions for banks, debt funds and other lenders, and continue to maintain a significant market share of financing transactions relating to Maldives, in respect both value and number of deals.

Project and infrastructure finance

We are the leading choice for the financing and development of projects in the Maldives, including resort hotel development projects, and infrastructure projects. We have advised on a number of first-of-its-kind transactions, such as acting for HSBC and syndicate lenders on USD 300 million financing for a Pontiac Group lagoon development project, and acting for Industrial Commercial Bank of China on the financing for construction of Male’-Hulhumale’ bridge and link road.

Acquisition finance

We have extensive experience in financing asset acquisitions, particularly in the area of Maldives’ hospitality. Some of our notable experiences include acting for Aareal Bank AG, Germany, for the acquisition Conrad Maldives Rangali Island, and the Anantara hotels in 2018 by the Blackstone Group.

Aviation finance

We have acted for various financiers such as Mauritius Commercial Bank, HSBC, Bank of Canada on aircraft purchases and lease, and securitization of aviation assets.

Development finance

We have worked with a number of Development Banks such as the IFC, the World Bank, the OPEC Fund on various projects in the Maldives since 2002. We have for instance, acted for IFC on a USD 100 million loan facility by IFC and parallel lenders to Bank of Maldives for financing the hospitality industry impacted by COVID-19.

Islamic finance

We have recognized the growing role of Islamic Finance in global financial markets. We have advised Islamic banks, international banks and corporations on the structuring and documenting of Murabaha, Musharaka, Ijarah, Istisna’a, Sukuk, Mudaraba and Wakala financings.

Banking regulatory and compliance

We act as counsel for a number of Maldives-based banks including HSBC, Bank of Ceylon and Mauritius Commercial Bank on in providing day-to-day regulatory advice and care in respect of Maldives banking matters.