Maldives

asialaw Analysis

General business law
CTL Strategies
Work highlights

Acted for DI Resorts on a dispute regarding additional tax charged by the tax administration.

Acted for Noomadi Resorts & Residences on an arbitration against the Maldivian Government with respect to a housing development project.

Advised a renowned accounting organisation on the tax implications of a sale of property developed as a tourist resort. The transaction involved a multi-million-dollar property, which is one of the most prestigious and highest-valued assets in the Maldives.

Key clients

Bluewhale Impex

SHC Lawyers
Work highlights

Acted for Maldives Islamic Bank on its listing on the Maldives Stock Exchange (MSE). This was the second bank to go public in Maldives, and the second issuance after new listing rules were published.

Acted for HSBC, DBS Bank, and Maybank on a loan facility to the Pontiac Group in respect of the Rah Falhu Huraa Resort development project.

Acted for Chip Eng Seng Corporation (Singapore) on its acquisition of Samarafushi Lagoon for the construction, development and operation of a resort in Maldives.

Key clients

Aareal Bank, Atmosphere Hotels and Resorts Group, CIMB Thai Bank, Hyatt Group