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Banking and finance

Banking and finance has been a key area of focus and growth at Lexcomm with a considerable breadth of client offering which attracts an array of instructions on both the sponsor and lender side. 

We are one of the most experienced in the Vietnam market of a high caliber at both partner and associate level on the debt and equity financings, adept at handling cross-border matters across the full spectrum of industries.

Our prominent Vietnam footprint brings a fantastic wealth of experience in advising clients in the banking sector to accomplish their long-term growth strategies. We continue to maintain a strong presence on innovative, complex and market leading transactions in challenging market conditions in the context of financing greenfield projects.

Our legal team combines a strong blend of domestic understanding and international perspective, and we have extensive experience and expertise across the full breath of banking and finance matters, including:

  • project finance
  • asset finance
  • leveraged and acquisition finance
  • derivatives and structured products
  • reserve-based lendings
  • corporate finance
  • banking regulatory

We represent borrowers, arrangers and lenders on a broad range of complex debt funding structures, limited and non-recourse financings, multi-tranched, multi-currency syndicated loan facilities, corporate and commercial lending, financial services and general bank regulatory issues.

Key contacts on a deep banking and finance bench are banking and capital markets practice head Nguyen Ngoc Quy with his unrivalled banking expertise and project finance specialist Pham Ba Linh. Clients include premier international and Vietnamese financial institutions and businesses.

Recent transactions

Our lawyers’ recent transactions include:

  • advising mandated lead arrangers on multi-hundred million US Dollar multi-tranche syndicated senior secured LMA borrowing base facilities and onshore security
  • advising mandated lead arrangers on a proposed US$200 million senior secured reserve-based lending facility in respect of various Vietnam oil and gas assets
  • advising mandated lead arrangers on APLMA multicurrency syndicated loan facilities secured by way of toll receivables under a long-term concession agreement and related hedging arrangements
  • advising international lenders on the project financing of the Nghi Son 2 1200MW BOT coal fired power project
  • advising the borrower on the project financing of the US$412 million 717 MW gas-fired Phu My 3 BOT power project
  • advising Mizuho Corporate Bank on Vietnamese law issues relating to re-insurances and enforcement of security interests in respect of the FPSO financing for the Su Tu Den oil field in Vietnam
  • advising the Bank of Tokyo-Mitsubishi UFJ on indemnity and foreign exchange control issues
  • advising ANZ Bank on various loan facilities and security documentation
  • advising the International Finance Corporation (IFC), Asia Development Bank (ADB) and Proparco in relation to the debt restructuring of the Franco-Vietnamese Hospital, the first major international hospital in Ho Chi Minh City
  • advising IFC in relation to three financings to Vietnamese privately owned companies
  • advising an international lender on a syndicated borrowing base facility that involves taking security over commodities in Vietnam
  • advising substantial corporate borrowers on an acquisition finance of telecoms assets in Vietnam and related loan documentation issues