Zul Rafique & Partners




Zul Rafique & Partners maintains a solid reputation for its banking and finance, capital markets, construction and employment expertise. It has a standout banking practice, highly respected for its handling of complex debt restructuring, asset-backed securities, Islamic and project finance. The firm is also especially skilled in debt capital markets work, particularly with sukuks. Mei Mei Loh and Jayasingam Poopalasingam are key partners for banking and finance and labour and employment respectively.

Client feedback

“Very responsive and good technical advice.” – Banking and finance

“Ashela and Celine always respond very promptly with commercial advice and pre-empt us with any potential Malaysian law deal breakers or big issues.” – Banking and finance

“Reactivity, knowledge of local regulations and also practices, as well as Islamic features.” – Banking and finance

“It brings a positive outlook to the deal and offers ways around the difficult points rather than harping on about them in hopes of gaining brownie points with the client.” – Banking and finance

“Quick turnaround time; informative legal advice on legal issues.” – Banking and finance

Ashela Ramaya

“Ashela is very responsive and provides very clear legal advice.”

“Very responsive, articulate and commercial.”

Celine Rangithan

“Communication, reactivity and availability.”

“She understands commercial points very well, without forsaking the technical bits, and is always there to offer workaround solutions.”

“Knowledgeable, attentive, quick turnaround time.”

Labour and employment
Work highlights

Defended Eastern Pacific Industrial Corporation in an unfair dismissal claim by a former employee who was charged for misconduct relating to a breach of fiduciary duties.

Key clients

Fujitsu (Malaysia), KLCC Projeks, Maxis Broadband, News Straits Times Press (Malaysia), Public Bank

Dispute resolution
Work highlights

Represented East Coast Economic Region Development Council in a dispute commenced by contractors seeking a declaration that the termination of its contract was unlawful, as well as an interim injunction to stop the client from liquidating the bank guarantee provided by the contractors.

Key clients

Bank Pembangunan Malaysia, PC Manufacturing Holdings, PETRONAS Dagangan, Sapura-Schulz Hydroforming

Capital markets
Work highlights

Acted for CIMB Investment Bank as principal adviser and lead arranger in relation to Semangkuk 2’s asset-backed medium-term notes of up to $1.2 billion to finance the acquisition of commercial and industrial warehouses and logistic properties in Malaysia.

Key clients

Affin Hwang Investment Bank, Genting RMTN, HSBC Amanah Malaysia, Maybank Investment Bank, United Overseas Bank