asialaw Analysis

General business law
Bun & Associates

Bun & Associates is one of the pre-eminent 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 Swire on the acquisition of Coca-Cola’s bottling operations in Vietnam and Cambodia through its share purchase of subsidiaries of The Coca-Cola Company.  

Advised GuarantCo on the provision of guaranteed bonds issued by Cambodia’s sole rail operator.


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 

Their legal opinion is comprehensive and precise.”Capital markets 

Commercially oriented.”Corporate and M&A 

Guillaume Massin 

Communicates legal terms in a clear and effective manner to the client.” 

Work highlights 

Advised Domino’s Pizza Enterprises on its acquisition of the existing Domino’s Pizza businesses in Cambodia, Malaysia and Singapore. 

Advised AirAsia on a joint venture with its subsidiary, AirAsia Aviation Group. 

Key clients 

CapitaLand Investment, I-Finance Leasing, InsuResilience Investment Fund, The Royal Group, Vinci Airports.

Rajah & Tann Sok & Heng Law Office

Bolstered by the Rajah & Tann Asia network, Rajah & Tann Sok & Heng Law Office 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. Partner Deline Sieng recently departed in 2022. 

Client feedback 

Professional and efficient.”Dispute resolution 

Savada Prom 

Trustworthy and reliable.” 

Work highlights 

Advised The Coca-Cola Company on its $1 billion disposal of its bottling business operations in Cambodia and Vietnam. 

Advised Macau Legend Development on its purchase of an entire stake in Cambodian firm Howing Enterprises for the purpose of an integrated resort development in Siem Reap province. 

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

Key clients 

Emerging Markets Investment Advisers, Forte Investment Holdings, Helicap Fund I, ICBC, Mediaload.


Sok Siphana & 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 ZICO Law, a network of leading local law firms across all ASEAN countries. Siphana Sok, Matthew Rendall and Mealy Khieu are key figures. 

Client feedback 

Professional with deep knowledge of the market and industry.”Banking and finance 

Strong local knowledge to support the client’s needs.”Corporate and M&A 

They are competent and have profound knowledge of how laws are implemented in Cambodia.”Corporate and M&A 

Flexible, efficient and provides good advice.”Labour and employment 

Khieu Mealy 

Accessible and friendly.” 

Matthew Rendall 

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

Daron Wong

Daron Wong, as SSA’s leading partner on our project, has strong knowledge about corporate transactions, financing and real estate development projects. Not only that, SSA is also proactive and responsive in solving problems.” 

Work highlights 

Assisted Leader Energy Holding on a $118 million acquisition of transmission line from Diamond Power in Cambodia. 

Advised Attwood Investment Group on an international port development joint venture between Attwood Investment Group, a Cambodian conglomerate, and a global port management company. 

Acted for a major Malaysian bank in their $80 million refinancing of an existing 100MW Cambodian power plant project. 

Key clients 

Endeavor for Sea Health, Exim Bank, Liger Foundation, Maxim’s Caterers, MGA Asia Insurance Brokers.

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 Cohen is the main contact. Michelle Ray-Jones was promoted to partner in 2023. 

Client feedback 

Strong communication skills with in-depth knowledge of Cambodian law.Private equity 

Jay Cohen 

Strong communication skills, timely responses, and deep Cambodian legal knowledge. 

Work highlights 

Represented Khmer Water Supply Holding in procuring a $2.3 million loan facility from Singapore-based InfraCo Asia. 

Representing a southeast Asian private equity firm in its acquisitions in Cambodia. 

Assisting a private equity firm in a private placement of secured bonds.


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 

Timely delivery and open to constructive comments and reviews.” – Corporate and M&A

Work highlights 

Advised Prime Road Power on the development of a 60MW solar power plant project. 

Assisting the World Bank to conduct a study on private sector financing in the road sector in Cambodia. 

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

Key clients 

Arcadia Land, Hattha Bank, JSM Holdings.