asialaw Analysis

General business law
Bun & Associates

Bun & Associates is one of the preeminent domestic law firms and is recognised for its multidisciplinary practice. As the largest full-service law firm in Cambodia, Bun & Associates is highly capable of handling time-sensitive and complex cases. The firm is best known for its cross-sector related activities. Key contacts include Youdy Bun, Antoine Fontaine, Sophealeak Ing and Sovath Phin.

Work highlights 

Advised a regional infrastructure fund on the funding of a water treatment company.

Advised a leading private equity firm in relation to trust and real estate investment trust (REIT) in Cambodia.


With the opening of its Phnom Penh office in 1995, DFDL is one of the oldest foreign legal and tax advisory firms in Cambodia. It provides a full range of legal, tax and advisory services to local and foreign investors operating in Cambodia. The firm is active in banking and finance, capital markets and corporate and M&A work, and it continues to have a strong presence in the Cambodian market. Key contacts include Guillaume Massin, Seka Hep, Clint O’Connell and Chris Robinson.

Client feedback

“The firm offers expertise across several areas and does an excellent job of coordinating these services to deliver in a focused and integrated manner.” – Corporate and M&A

Chris Robinson

“A technically sound M&A lawyer who is hardworking, disciplined and respects deadlines.”

Seka Hep

“She is very knowledgeable in her area of expertise and does an excellent job of coordinating with her colleagues to deliver comprehensive guidance and solutions for the client.”

Work highlights 

Advised Altimeter Growth on its merger with Grab Holdings, Southeast Asia’s leading ‘super app’ which offers transportation, food delivery and digital payment services.

Advised B.Grimm Power on the financing arrangements to support the development of a large solar power project in Cambodia.

Key clients 

Credit Suisse, Global Schools Holdings, JPMorgan Chase,Morgan Stanley, UBS

R&T Sok & Heng

Bolstered by the Rajah & Tann Asia network, R&T Sok & Heng has in-depth knowledge and experience in Cambodian law and practice. The firm is best known for its involvement in complex cross-border transactions, as well as deep expertise in banking and finance and corporate and M&A. Chhay Heng and Sophonnora Tiv are key contacts.

Work highlights 

Acted for Oxley Gem in relation to construction disputes with the main contractor pertaining to the Peak Project.

Advised Hassan Development in its dispute with a major lesser, Parkson, in relation to the leasing of the Phnom Penh Mega Mall.

Advised JS Land on its IPO and public issuance of equity shares on the Growth Board of the Cambodian Securities Exchange.

Key clients 

Cambodia Post Bank, Industrial and Commercial Bank of China, Khmer Cold Chain Company, Macau Legend Development


SokSiphana&associates is a household name in Cambodia’s legal market. The firm holds offices in Phnom Penh and Siem Reap and is a member of ZICOLaw, a network of leading local law firms across all ASEAN countries. Siphana Sok, Matthew Rendall and Mealy Khieu are key figures.

Client feedback 

“SokSiphana&associates has a great knowledgeable team with years of experience in the Cambodian market.” – Regulatory

Matthew Rendall  

“Matthew is passionate and professional, very customer focused and very knowledgeable.”

Work highlights 

Provided advice to Accor on regulatory compliances on marketing and operational issues in Cambodia.

Assisted Wonder Capital Group on its development of a major skyline tower in Phnom Penh.

Advised Population Services International on structuring its health product supply business in Cambodia.

Key clients 

Agoda, inDriver, Razer Fintech, Thomson Reuters

Tilleke & Gibbins

The Phnom Penh office of regional firm Tilleke & Gibbins has a particularly strong reputation in the corporate and intellectual property spaces. The firm is widely recognised and trusted by a diverse range of local and multinational companies to advise on all aspects of market entry and operations in frontier and emerging jurisdictions. Under the leadership of Jay Cohen, Tilleke & Gibbins’ 16-person team focuses especially on commercial transactions, labour and employment, and key regulatory matters for highly regulated industries such as banking and finance and energy. Partner and director Jay Cohen is the main contact.

Work highlights 

Advised Palladium on drafting and presenting a template bulk water contract for a large infrastructure project in Cambodia.

Advised HThai on the expansion of the H&M brand into the Cambodian market.

Represented an international consortium on the establishment of a joint venture and the development of certain aspects of Phnom Penh’s new international airport.


VDB Loi is a leading law firm in Cambodia with particular expertise in energy and infrastructure, real estate and tax. The firm’s strengths lie in representing clients in cross border transactions, particularly in the financing, corporate and project development areas. Edwin Vanderbruggen and Mariza Ung are key partners.

Client feedback 

“Has a good working relationship and is always attentive to the client.” – Banking and finance

“Exceedingly professional and responsive.” – Corporate and M&A

Phomra Saray 

“She is highly capable, experienced, accessible and responsive. She is always willing to go to great lengths to service her client.”

Work highlights 

Advised Total Eren on its acquisition of a photovoltaic project in Cambodia.

Represented The Blue Circle on one of the first wind power projects in Cambodia.

Advised Oriental Bank on the establishment of a new bank in Cambodia.

Key clients 

Arcadia Land, JSM Holdings, Prime Road Power, World Bank