DL & F De Saram, one of the largest full-service law firms in Sri Lanka, specialises in domestic and cross-border matters across all practice areas, with its strongest practices in banking and finance, corporate and M&A, dispute resolution and intellectual property. The firm is highly capable of undertaking complex transactions and meeting client expectations. Key contacts for corporate and M&A and banking and finance work are Savantha De Saram and Prabash De Saram. The firm hired Vishwamithra Kadurugamuwa as consultant counsel in March 2025 from Kandima Residences, Maldives. He specialises in banking and finance, capital markets, corporate and M&A, private equity, construction, regulatory, restructuring and insolvency, competition/antitrust, and real estate matters.
Work highlights
Advising on the $225 million acquisition of Michelin Lanka's Construction Compact Line Business by CEAT of India, a transaction requiring careful navigation of Sri Lanka's regulatory framework. The deal's complexity stems from transferring a Board of Investment-approved business to a non-resident buyer through a newly established local entity, involving intricate structuring to address foreign-exchange controls and land ownership restrictions and ensure operational continuity post-transfer.
Key clients
China Development Bank, Evergreen Marine Corp (Taiwan), Sunshine Holdings
