2019
Client . Bank of Ceylon
Represented on successful foreclosure of the Resort/Island of Etheremadivaru in Ari Atoll (Island leased for the purpose of development and operation of tourist resort).
2019
Client . China Export & Credit Insurance Corporation (Sinosure/China)
Represented on all matters related to the issuance of a credit insurance policy in respect of the Hulhumale' Phase II power distribution system implemented under an EPC Contract (between CMEC-Browns and the HDC/Government of Maldives) with the project value exceeding US$ 84 million.
2019
Client . Bedford Row Capital and Keredhdhoo Investment Pvt Ltd
Represented on an alternative fund-raising transaction for a resort hotel development project (Keredhdhoo Island in Gaafu Alif Atoll, to be branded as a Novotel hotel after completion), including advising on all legal documents for the prospective bond issue in Europe (Frankfurt) with the target note issue exceeding US$ 30 million, the proceeds of which are loaned to the developer under typical loan and security documents.
2018
Client . Soneva Group
Represented Soneva Group, an international hotel company, on the head-lease acquisition of the Dhipparufushi Island, Haa Dhaalu Atoll, Maldives, for the development and operation of a tourist resort hotel.
2018
Client . Keredhoo Investment Pvt Ltd
Represented Keredhoo Investment Pvt Ltd, a subsidiary of the renowned Rainbow Group, on the branding and entering into a hotel management agreement with the Accor Group in respect of Keredhdhoo Island, North Huvadhoo Atoll, Maldives, for development and operation as a tourist resort hotel under the Novotel brand.
2018
Client . Keredhoo Investment Pvt Ltd
Represented a subsidiary of the renown Rainbow Group, on all matters related to the branding and entering into a hotel management agreement with the Accor Group in respect of Keredhdhoo Island, North Huvadhoo Atoll, Maldives, for development and operation as a tourist resort hotel under the Novotel brand.
2018
Client . Soneva Group
Represented an international luxury hotel company, on all matters related to the head-lease acquisition of the Dhipparufushi Island, Haa Dhaalu Atoll, Maldives, for development and operation of a tourist resort hotel.
Category: Tourism/Hospitality
2018
Client . China Development Bank (CDB)
Represented on all matters related to a US$ 47 million loan facility to Maldives Airports Company Limited (MACL), the state-owned company which operates Velanaa International Airport (VIA) in Male', in respect of the development of the new VIA Seaplane terminal.
2018
Client . China Development Bank (CDB)
Represented on all matters related to a US$ 24 million loan facility to Maldives Airports Company Limited (MACL), the state-owned company which operates Velanaa International Airport (VIA) in Male', in respect of the development of ancillary structures at the international airport.
2018
Client . China Development Bank (CDB)
Represented China Development Bank (CDB) on the US$ 47 million loan facility to Maldives Airports Company Limited (MACL), the state-owned company which operates Velanaa International Airport (VIA) in Malé, in respect of the development of the new VIA Seaplane terminal.
2017
Client . Bank of Ceylon (Offshore Banking Division & Male' Branch)
Represented on all matters related to a US$ 15 million syndicated loan financing to Nasandhura Palace Hotel Investment Pvt Ltd, for a high-end mixed development (of hotel, commercial, and residential units) at the iconic Nasandhura Palace Hotel in Maldives.
2017
Client . Bank of Ceylon
Represented on all matters related to a US$ 5 million term loan to Kanifushi Investment Pvt Ltd, the owner and operator of the high end resort hotel known as Atmosphere Kanifushi Resort, Lhaviyani Atoll, Maldives.
2017
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 15 million syndicated loan financing to Nasandhura Palace Hotel Investment Pvt Ltd, for a high-end mixed development (city hotel, commercial, and residential units) at the iconic Nasandhura Palace Hotel in the Maldives.
2016
Client . Constance Hotels & Resorts
Represented owners and operators of the 5-star resort hotel known as Constance Halaveli Resort, Ari Atoll, Maldives, on all matters related to various amendments to the US$ 45.5 million syndicated loan financing from Mauritius Commercial Bank Ltd & Other Lenders.
2016
Client . Constance Hotels & Resorts
Represented owners and operators of the 5-star resort hotel known as Constance Moofushi Resort, Ari Atoll, Maldives, on all matters related to the US$ 10 million syndicated loan from Mauritius Commercial Bank Ltd.
2016
Client . Constance Hotels & Resorts
Represented owners and operators of the 5-star resort hotel known as Constance Halaveli Resort, Ari Atoll, Maldives, on all matters related to the US$ 14 million syndicated loan from Mauritius Commercial Bank Ltd & Other Lenders.
2016
Client . Mauritius Commercial Bank Limited (MCB)
Represented on all matters related to the resort foreclosure and sale of Maavelaavaru Island in Noonu Atoll, Maldives in conjunction with other secured creditors (SBI and CBC), with total secured debt exceeding US$ 80 million.
2016
Client . Constance Hotels & Resorts
Represented Constance Hotels & Resorts, owners and operators of the 5-star resort hotel known as Constance Halaveli Resort, Ari Atoll, Maldives, on all matters related to various amendments to the US$ 45.5 million syndicated loan financing from Mauritius Commercial Bank Ltd & Other Lenders.
2016
Client . Bank of Ceylon (Offshore Banking Division & Male' Branch)
Represented on all matters related to restructuring and amendments to the US$ 30 million loan financing provided to Housing Development Corporation (HDC) Maldives, the developer of Hulhumale City, Maldives.
2016
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 22.5 million syndicated loan facility to Mahogany Pvt Ltd for the development of a deluxe resort hotel on Filaidhoo Island, Raa Atoll, Maldives.
2015
Client . People’s Bank Sri Lanka
Represented People’s Bank Sri Lanka on all matters related to the US$ 2 million loan facility to S.P.C. Pvt Ltd for the development of a luxury resort hotel on Helengeli Island, Male’ Atoll, Maldives, operated by Atmosphere Resorts & Hotels as Oblu Maldives.
2015
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 30 million loan provided to Housing Development Corporation (HDC) Maldives, for the Phase II, Hulhumalé City, Maldives reclamation and development project.
2014
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 29.4 million budget-support loan provided to the Ministry of Finance & Treasury, Maldives.
2014
Client . Soneva Group
Represented Soneva Group, an international hotel company, on the head-lease acquisition and development of the Soneva Jani Resort, Noonu Atoll, Maldives, a high-end luxury resort hotel in the Maldives.
2013
Client . Constance Hotels & Resorts
Represented Constance Hotels & Resorts, an international hotel company, on the sublease acquisition of the Constance Halaveli Resort, Ari Atoll, Maldives with a US$ 75 million transaction valuation.
2012
Client . Habib Bank Limited
Represented Habib Bank Limited on matters related to US$ 12 million refinancing transaction with Yacht Tours Maldives in connection with the development of their Maldives resort hotel collection portfolio.
2011
Client . Xanadu Holdings Pvt Ltd
Represented on all matters related to US$ 6 million loan from Mauritius Commercial Bank Ltd in connection with the development of the 5-star luxury resort hotel Jumeirah Dhevanafushi Maldives, Gaafu Alifu Atoll, operated by luxury hotel group Jumeirah and opened in November 2011 as its first flagship hotel in the Maldives.
2011
Client . Eastinvest Pvt Ltd
Represented on all matters related to US$ 5,790,000 loan from Mauritius Commercial Bank Ltd in connection with the re-development of the 5-star luxury resort hotel Constance Halaveli Resort, Ari Atoll, Maldives, operated by luxury hotel group Constance.
2011
Client . Moofushi Development Limited
Represented Moofushi Development Limited on the US$ 39 million loan facility from the Mauritius Commercial Bank Ltd in connection with the project finance and re-development of the 5-star luxury resort hotel Constance Moofushi Resort, Ari Atoll, Maldives (2011).
2010
Client . Bank of Ceylon
Represented on all matters related to US$ 3,700,000 loan financing to Blue Lagoon Investments for the acquisition of a resort hotel lease in respect of Raafushi Island, Noonu Atoll, Maldives.
2010
Client . Bank of Ceylon
Represented on all matters related to US$ 8 million loan transaction in connection with the development of a 5-star luxury resort hotel at Dholhiyadhoo Island, Shaviyani Atoll, Maldives.
2009
Client . Societe De Promotion Et De Participation Pour La Cooperation Economique S.A (PROPARCO)
Represented in connection with all matters relating to further securitisation of US$8,500,000 credit facility to Sun Investment Pvt Ltd in respect of Vilu Reef Resort.
2009
Client . Xanadu Holdings Pvt Ltd
Represented on all matters relating to a loan of US$3,000,000 from Jumeirah International LLC in respect of the development of Jumeriah Dhevanafushi Maldives, a 5-star luxury resort hotel and Jumeirah's flagship property in the Republic of Maldives.
2009
Client . Waterfront Pvt Ltd
Represented on all matters related to the Halaveli Re-development Project, including resort hotel construction, development and project finance, and all matters related to regulatory approvals and loan financing on a periodic basis exceeding US$ 60 million [2006-2009].
2009
Client . Xanadu Holdings Pvt Ltd
Represented on all matters related to entering into management agreement and related other agreements for Meradhoo Island Resort in the Republic of Maldives (to be rebranded as Jumeirah Dhevanafushi Maldives for November 2011 opening).
2009
Client . Waterfront Pvt Ltd
Represented on all matters related to the Halaveli Sublease Acquisition, Investment Structuring, and Re-development Project, including resort hotel construction, development and project finance, and all matters related to regulatory approvals and loan financing on a periodic basis with a capital cost exceeding US$ 75 million [2006-2009].
2008
Client . Sun Resorts Limited
Represented Sun Resorts Limited on the re-financing of the property acquisition costs for Kanuhura Island Resort Maldives by way of a US$ 30 million loan from Mauritius Commercial Bank Limited.
2008
Client . Mauritius Commercial Bank Limited (MCB)
Represented on all matters related to a US$ 6 million loan facility to Sonee Hardware for the development of a tourist resort hotel on G.A. Kuredhoo, Maldives.
2008
Client . Aareal Bank AG
Represented on all matters related to the US$ 57,500,000 financing of the sublease acquisition of Full Moon Resort in the Maldives, re-branded as a Sheraton hotel by Starwood Hotels (transaction aborted by the borrower just prior to execution).
2008
Client . Constance Hotels & Resorts
Represented an international luxury hotel company, on all matters related to the sublease acquisition, redevelopment and branding of Constance Moofushi Resort, Ari Atoll, Maldives.
2008
Client . Sun Resorts Limited
Represented on all matters related to the head-lease acquisition of Kanuhura Island Resort Maldives, a 5-star luxury resort hotel in the Maldives.
2008
Client . Aitken Spence Hotel Holdings Limited
Represented in the US$ 2,500,000 transfer and assignment of management rights and interests in respect of Bathalaa Island Resort Maldives to a third party operator.
2008
Client . Travco Group International
Represented a hotel group from Middle East, in the head-lease acquisition of Vakkaru Island, Baa Atoll, Maldives for US$ 12 million from the Maldives Government.
2008
Client . SPH Pvt Ltd and Alia Investments
Represented in the sublease acquisition of Bolifushi Island Resort Maldives, to be re-developed, rebranded and managed as Jumeirah Vittaveli.
2008
Client . Bank of Ceylon
Represented on all matters related to US$ 10,500,000 loan transaction in connection with the development of an airport/city hotel in G.Dh Kaadedhoo, Maldives.
2008
Client . Sun Resorts Limited
Represented Sun Resorts Limited, on the head-lease acquisition of Kanuhura Island Resort Maldives, a 5-star luxury resort hotel in the Maldives.
2008
Client . Constance Hotels and Moofushi Investments Pvt Ltd
Represented Constance Hotels and Moofushi Investments Pvt Ltd in the highly complex and protracted dispute resolution process with the previous sublease owners and operators of Moofushi Island Resort (settlement exceeding US$ 9 million), and the subsequent sublease acquisition and development of Constance Moofushi Resort.
2008
Client . Maldives Tourism Development Corporation Ltd (MTDC)
Represented Maldives Tourism Development Corporation Ltd (MTDC), on drafting and finalisation of all bidding documents for public tender bids for the sublease of 5 islands for development as tourist resort hotels.
2007
Client . Airport Investments Maldives Pvt Ltd (AIM)
Represented on the bidding of four islands for development as tourist resort hotels.
2007
Client . Aitken Spence Hotel Holdings Limited
Represented in connection with the head-lease acquisition of Vaadhoo Island Resort for US$ 13 million, now a 5-star boutique hotel, and the subsequent financing transaction of US$ 16 million from Hatton National Bank Colombo.
2007
Client . Mount Lavinia
Represented a hotel group from Colombo, on the sublease acquisition of Vakarufalhi Island Maldives, a tourist resort hotel, and the subsequent re-financing and re-development project.
2006
Client . Marriott International Inc. and Ritz-Carlton
Represented in respect of its first Maldives resort hotel development and management project with the MTDC.
Represented Societe De Promotion Et De Participation Pour La Cooperation Economique S.A (PROPARCO) on a US$ 8,700,000 loan facility to Sun Investment Pvt Ltd, in respect of the re-construction of the resort hotel Vilu Reef following the December 2004 tsunami.
2005
Client . Eastinvest Pvt Ltd and Waterfront Pvt Ltd
Represented Eastinvest Pvt Ltd and Waterfront Pvt Ltd in the sublease acquisition, ownership structuring, and US$ 75 million re-development of the 5-star Constance Halaveli Maldives as the first Constance property in the Maldives.
