We believe that, in order to be the best, you need to be bold, look at things differently and question how you can do better, constantly. From our legal advice, to the manner in which we deliver our services to our clients, our approach is always strategic and agile, developing according to the needs of the time. We collaborate to innovate and we like to get creative. Our track record speaks for itself.
Setting up the first cellular telephone company in Sri Lanka by drafting and assisting the promulgation of a set of new regulations under the existing law which had been enacted long before the rise of new technologies
Advising on the establishment of the Colombo Stock Exchange
Advising on establishing the legal structure that enabled scripless trading of treasury bills and debt securities on the Colombo Stock Exchange
Advising on the first international issue of Floating Rate Notes issued by the Government of Sri Lanka
Setting up the first flag of opportunity shipping company in Sri Lanka
Setting up the first offshore company in Sri Lanka
Structuring the first securitization of receivables from sales at tea auctions and the first securitisation of receivables from electricity consumers
Setting up the first four unit trusts in Sri Lanka
Formulating a scheme to enable a leading development bank to carry on commercial banking including drafting the enabling legislation and regulations to overcome the then existing statutory limitations
Establishing the first employee share ownership trust for a publicly listed company
Setting up the first voluntary regulatory frame work for print media
Instituting the first ever anti-monopoly litigation
Advising on the first IPO in Sri Lanka which followed a book building exercise
Advising on the first conversion of a specialized licensed bank into a commercial bank
Setting the precedent of invoking the inherent powers of court to compel a company to have on its board a court-appointed director
Advising on the first multi-tower mixed development project in Sri Lanka with all components of the project including hotel, residential and commercial components being regulated under a single condominium regime
Organised and represented the firm client in the first hybrid international arbitration.
Advised on the privatisation of the down stream petroleum sector and investment by the first (and thus far only) private sector participant in the market and have continued to advise the private sector participant in all legal matters.
Advised the private sector participant in acquiring leasehold rights to a national asset, including drafting and negotiating the agreements entered into with the Government of Sri Lanka and the public corporation.
Advising on the introduction and implementation of the delivery versus payment settlement system for the trading of capital market securities in Sri Lanka
Advising on the first mandatory offer under the Company Takeovers and Mergers Code 1995 that involved an offer to acquire only a percentage of the shares held by other shareholders