Banking & Finance
With a reputation as premier financial legal advisers in developing jurisdictions in Asia, DFDL’s banking and finance practice, led by Nick Towle, combines cross-border experience and local expertise. William Greenlee advised the International Finance Corporation on a $7 million convertible loan to Myanmar Oriental Bank. The transaction is one of the first convertible loans of a foreign investment into a Myanmar bank to be sanctioned by the Central Bank of Myanmar (CBM).
Construction & Real Estate
Contractors, developers, financiers and other project participants rely on the construction and real estate practice of DFDL, headed by Nick Towle, to deliver commercially-driven advice on commercial, industrial, residential and mixed-use projects. William Greenlee has been local counsel for a US international law firm, which is advising an Asian development bank on financing one of Myanmar’s largest industrial and trade zones.
Mekong region firm DFDL, praised by a client for its “experience on the ground and history”, and its affiliated firm Myanmar Thanlwin Legal Services specialise in M&A, corporate and securities matters. Managing director William Greenlee has broad experience in negotiations, structuring and managing large transactions not only in Myanmar but across Southeast Asia. The practice is doing regulatory work for a pharmaceutical and medical care company.
Energy & Natural Resources
As projects in Myanmar often involve regional and global expertise, the energy, mining, and infrastructure (EMI) practice at DFDL, as a regional firm, has an advantage over local firms. David Doran, regional EMI leader and specialist in energy, has advised on projects worth $25 billion in the Greater Mekong region (Cambodia, China’s Yunnan and Guangxi Zhuang, Laos, Myanmar, Thailand, and Vietnam), Middle East and South Asia since 2005. A client says that the practice is “very professional and [has a] quick response”. William Greenlee, Angus Mitchell and Jude Ocampo provided legal and tax structuring advice during the bidding process for domestic oil and gas blocks. They also counselled on the gas agreement and are negotiating transfer rights under the production sharing contract.
Projects & Infrastructure
The energy, mining, and infrastructure (EMI) group at DFDL is one of its most experienced practices. Drawing on its regional network of projects and infrastructure experts, the Yangon office regularly manages large cross-border transactions including project finance. Regional head of EMI and specialist in energy, David Doran, praised by a client for his “experience, history, network, and culture understanding”, has advised on projects worth $25 billion in the Mekong region and beyond. William Greenlee and Nick Towle advised on Digicel Group’s $60 million debt facility and an Islamic financing from a Qatari sovereign fund to construct 1,250 telecommunications towers for the Ooredoo network in Myanmar.
Shipping, Maritime & Aviation
DFDL has developed a sophisticated understanding of the aviation industry. The aviation practice has advised on several cross-practice transactions with the banking and finance team. Instructed by the Export-Import Bank of the United States, James Finch and Thida Aye managed the air finance transaction for two aircraft of Myanmar National Airlines, one of the first purchase financings to be executed strictly under local Myanmar laws and regulations.
A significant amount of work in DFDL’s tax practice comes from cross-practice maters with the energy, mining and infrastructure group. William Greenlee and Angus Mitchell provided extensive legal and tax structuring advice during tendering for domestic oil and gas blocks.