Managing Partner
Commercial Lawyer
fizan@fizanpartners.com|+960 7 777 596
Managing Partner
Commercial Lawyer
fizan@fizanpartners.com
+960 7 777 596
Fizan has been in full-time law practice for more than 17 years, specializing in Maldives tourism, banking, and finance sector. He co-founded Fizan & Partners LLP with the sole purpose of providing high-level legal consultancy and financial advisory services to sophisticated hotel and banking clients. Fizan is highly valued by his hotel and banking clients for his practical approach to complex legal issues and his uncompromising commitment to consistently delivering value-based results. He holds a law degree (LLB Hons) from Bond University (Australia) and was admitted to the Maldivian Bar in 2005 and the Maldives Supreme Court in 2010. Furthermore, in the year 2013, Fizan was also named as a leading lawyer in the Maldives by IFLR.
Bachelor of Law (LLB Hons)
Bond University (Australia)
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).
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
Represented on all matters relating to a loan of US$3,000,000 from Jumeirah International LLC in respect of the development of Jumeriah Dhevanafushi Maldives, a 5-star luxury resort hotel and Jumeirah's flagship property in the Republic of Maldives.
Represented on all matters related to the Halaveli Re-development Project, including resort hotel construction, development and project finance, and all matters related to regulatory approvals and loan financing on a periodic basis exceeding US$ 60 million [2006-2009].
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).
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].
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.
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.
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).
Represented an international luxury hotel company, on all matters related to the sublease acquisition, redevelopment and branding of Constance Moofushi Resort, Ari Atoll, Maldives.
Represented on all matters related to the head-lease acquisition of Kanuhura Island Resort Maldives, a 5-star luxury resort hotel in the Maldives.
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.
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.
Represented in the sublease acquisition of Bolifushi Island Resort Maldives, to be re-developed, rebranded and managed as Jumeirah Vittaveli.
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.
Represented Sun Resorts Limited, on the head-lease acquisition of Kanuhura Island Resort Maldives, a 5-star luxury resort hotel in the Maldives.
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.
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.
Represented on the bidding of four islands for development as tourist resort hotels.
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.
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.
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.
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.
