CTL Strategies is known for its expertise on tax matters. The firm is experienced in providing tax solutions to businesses with interests in the Maldives. The firm also covers commercial law, employment, finance, foreign investment and tourism. Managing partner Ali Naeem specialises in tax disputes, investigations and litigation.
Advised a foreign listed international hotel group operating several luxury resorts in the Maldives, China and a few other countries, with respect to structuring an M&A transaction involving one of their properties in the Maldives.
Represented Noomadi Resorts in litigation before the Supreme Court of the Maldives with respect to an appeal filed by the Maldives Inland Revenue Authority. The case is significant as the decision from the Supreme Court will decide on the much-disputed jurisdiction of the Tax Appeal Tribunal for the first time.
Represented an international bank operating in the Maldives in litigation at all levels of courts in the Maldives. Advised on regulatory, contractual, and other legal matters involving asset-based financing transactions.
Van Oord Ship Management
Established in 1994, S&A Lawyers advises clients on M&A and divestitures of existing businesses, asset sales and purchases. It also represents businesses and corporate clients in commercial litigation in court. Managing partner Mohamed Shahdy Anwar advises various clients on a variety of corporate and commercial issues, ranging from project financing to related litigation. Mohamed Zain Ahmed Shaheed joined firm as partner in December 2020.
Acted for a bank on loan facilities to a local borrower.
Acted for a private investor on its purchase of a residential villa in an operational resort located in Maldives.
Acted for a financial institution on its senior notes offering.
Formerly known as Shah Hussain & Co, SHC Lawyers advises clients on corporate and commercial matters. Banking and finance, hospitality and real estate are among the firm’s key practice areas. Shuaib Shah is a key contact of the firm. His practice covers the structuring and implementation of banking and project finance transactions related to infrastructure development, telecommunications, aviation and the resort industry. Moosa Alim joined the firm as litigation partner in October 2019.
Acted for International Finance Corporation and OPEC Fund for International Development on a $100 million loan financing granted to Bank of Maldives for the purpose of financing the Maldivian tourism industry impacted by Covid-19.
Acted for SPH Private on the sale of sublease rights of Jumeirah Vittaveli, Bolifushi Island, Republic of Maldives to Dubai Holding Group, which is owned by the Dubai sovereign wealth fund.
Acted for Ministry of National Planning, Housing and Infrastructure of the Government of the Republic of Maldives on the construction and development of Male’-Thalifushi Bridge under Greater Male’ connectivity project. This deal involves the construction of the Maldives’ second over-water bridge, with most of the project being financed by the Indian Government via the EXIM Bank of India.
Chip Eng Seng Group, Maldives Transport and Contracting Company, Starwood Capital Asia