YKVN

One of the largest and the strongest full service law firms in Vietnam, YKVN has an excellent reputation in dealing with important domestic and foreign financial institutions and banks such as China Development Bank, An Binh Joint Stock Commercial Bank and HSBC. Vu Dzung acted for lenders including China Construction Bank Corporation, Export-Import Bank of China and Industrial and Commercial Bank of China in the financing of Jaks Hai Duong Power Company for the development of a 1.2 gigawatt (GW) coal-fired thermal power plant. This is one of the biggest private sector power projects undertaken in Vietnam as well as one of the first BOT project financings by Chinese lenders.

YKVN led by Quang Truong advised State Capital Investment Corporation on its divestment of a 5.4% stake in Vietnam Dairy Products JSC, the largest listed company in Vietnam by market capitalisation, through an auction process at the HOSE. This sale was the largest equity market monetisation in South Asia in 2016. Truong and Ha Duong advised the government  on its $1 billion bond issuance to be listed on the Singapore Stock Exchange which was more complex than other cases due to the new constitution and a series of new laws passed recently.

YKVN led by Minh Dang and Thi Loc Le advised Keppel Land on entering into a complex joint venture structure for the functional equivalent of the development of Pudong in Shanghai. Dieu Huyen Vu and Ngoc Thuy Nguyen advised Vietcombank on the financing for the construction of a residential project in the suburbs of Hanoi sponsored by Comaland Investment and Development Real Estate Joint Stock Company.

Dzung Vu and Thi Loc Le at YKVN advised Central Retail Corporation on the substantive deal structuring, due diligence, tax-efficient structuring and merger control related to its purchase of Big C Vietnam for Ä1 billion ($1.2 billion) from Casino, a French retailer. Nhat Quang Truong and Vinh Nhan Phan advised Masan Nutri-Science Corporation and Masan Group Corporation, its parent company, on the $250 million investment from KKR, a global investment firm. This was the biggest and one of the most complex PE investments in Vietnam in 2016.

YKVN acted for the Pham Family in an international arbitration and Vietnam litigation against one of the largest pharmaceutical companies. Tien Dzung Luu advised the Czech Export Bank on the recognition and enforcement of a bankruptcy decision made by the Municipal Court in Prague, declaring the bankruptcy of Trade BGM, the sole owner of Quang Binh Bohemia Kaolin Company incorporated in Vietnam. This was the first-ever request for recognition of a foreign bankruptcy decision in Vietnam.

YKVN advised PetroVietnam on its follow-on work from the acquisition of three Bermuda companies that held all of Chevron’s Vietnamese oil and gas assets. The team assisted PetroVietnam with the liquidation of the three Bermuda companies and the repatriation of their assets. Minh Dang is also advising PetroVietnam on the exercise of statutory rights and rights under the production-sharing contract for two blocks offshore Vietnam.

YKVN acted for the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the lender, in the financing of the Nam Mo Vietnam Hydropower Company to develop the Nam Mo 2 hydropower project in Laos. Thu Ha Duong advised the lenders led by Vietcombank in the financing of the am Ranh International Terminal Joint Stock Company for the construction of an international terminal at Cam Ranh International Airport in the central province of Khanh Hoa of Vietnam. This is one of the biggest projects of its type in Vietnam at present.