R&T Sok & Heng

Managing partner Heng Chhay and Tiv Sophonnora of R&T Sok & Heng Law Office’s banking and finance team advised Donaco International on its buyout of a gaming and hospitality business in Cambodia. The transaction required $100 million in acquisition financing from Taiwanese bank Mega International Commercial.

Headed by Tiv Sophonnora, the capital markets practice at R&T Sok & Heng Law Office is one of 10 firms authorised by the SECC to handle securities transactions in Cambodia. The team advised garment manufacturer and Adidas supplier Grand Twins International on its Khr77.1 billion IPO, the first non-state owned enterprise to list on the CSX. The practice followed that deal with assistance to Phnom Penh Special Economic Zone on its Khr33.1 billion IPO in May 2016.

R&T Sok & Heng Law Office, in association with Singaporean regional law firm Rajah & Tann, has worked on many of Cambodia’s landmark real estate development projects. Heng Chhay and Tiv Sophonnora advised on Teho International’s $500 million project The Bay, TA Corporation’s Grade A mixed-use project The Gateway and developments by Seristine Holdings and Yuen Development. Advice on The Bay, a joint venture between Singaporean Teho International and a Cambodian partner, helped Teho establish its local business.

R&T Sok & Heng Law Office’s corporate and M&A team has developed expertise in advising companies in agriculture, banking and finance, casinos and entertainment, and private equity. The practice, led by Hout Sotheary, has been involved in many of the largest acquisitions in Cambodia. They include the acquisition of a controlling stake in the Advanced Bank of Asia by the National Bank of Canada for $103 million and the $360 million acquisition of Star Vegas Casino Resort by Donaco International.  The practice also advised on the acquisition of Golden Resource Development by a subsidiary of GeoPacific Resources.

Sok Khavan, a member of the Cambodian government’s legal review body, heads the energy and natural resources practice at R&T Sok & Heng Law Office. Khavan has advised the government on the negotiation and implementation of a licensing agreement for a $2 billion oil refinery in Sihanoukville, a province in southwest Cambodia.

With keen understanding of the employee issues in the food and beverage, hotel and resort, manufacturing, and retailing industries, R&T Sok & Heng Law Office’s labour and employment practice has advised domestic and foreign companies about their market entry including human resources. Heng Chhay and Hout Sotheary advised British retailer Marks & Spencer on labour compliance matters.

Sok Khavan at R&T Sok & Heng Law Office continues to advise the Cambodian government on major infrastructure projects and investments in the country. Khavan represented the government during negotiations of a concession agreement to build, own and operate a new airport in Siem Reap, near Angkor Wat. The government-approved $1 billion joint venture between South Korean Camco Airport and Lees A&A has been postponed until 2021.