Banking & Finance
Our Banking & Finance Practice Group is consistently recognized as the leading banking and finance practice in Cambodia due to the thorough knowledge that its advisers have with regards to a wide range of financial products and their understanding of the banking and financial sector.
HBS LAW has developed an excellent relationship with the key governmental authorities (notably, the NBC) and stakeholders in Cambodia by relentlessly pursuing the aim of capacity building in the Cambodian financial sector.
The advisers that comprise our Banking and Finance Practice Group have served as counsel on matters in jurisdictions across Asia and the world. Our clients include domestic and international banks, lenders, sponsors, private and institutional investors, insurance companies, development banks, governments, and agencies and state-owned enterprises.
In addition to advising on financial transactions, our Banking and Finance Practice Group advises on and assists clients with the establishment and acquisition of banks, MFIs and other financial institutions in Cambodia, restructuring and compliance. In collaboration with our Corporate, Real Estate, and Tax practices, the Banking and Finance Practice Group is able to tailor its services and create financial solutions for every type of matter.
The experience and knowledge that our advisers have of financial transactions, whether prevalent in Cambodia or not, provides us with the unique ability to advise not only foreign clients looking to conduct business in Cambodia but also local clients looking to enter into financial transactions offshore.
Our expertise extends beyond the products currently offered in Cambodia due to the international experience of its advisers and covers the following:
- Licensing and regulation of banks and other financial institutions
- AML/CFT Compliance
- Financial Leasing
- Bilateral and Syndicated Loan / Facility Agreements
- Secured Transactions
- Due Diligence (including investigations of offshore transactions)
- Trade Finance
- Project Finance
- OTC Derivatives
- Debt Capital Markets
- Structured Finance
- Asset Finance
- Structured Derivatives
- Securitization
- Digital Banking
- Cryptocurrency
- Blockchain
Tayseng Ly
Managing Partner
Mr. Ly is an experienced business lawyer with demonstrated focus and expertise in the practice areas of Corporate, Banking, Securities, Trusts, M&A, Mining and Energy, Real Estate, Tax, Insolvency, Arbitration, and Commercial Litigation.
Patrick Smith
Senior Partner
Head of Banking & Finance
Patrick has worked extensively across a broad array of practice areas with a specialization in the banking and finance sector as both in-house counsel and in private practice throughout Southeast Asia, Japan and the UK.
Vannak Sun
Attorney
In late 2015 and early 2016, Mr. Sun interned at Extraordinary Chambers in the Courts of Cambodia. In 2017, he began working for HBS LAW. In 2019, he left the firm to study his Master of Laws (LL.M.) at Sweden’s Lund University.
Peakdey Hieng
Attorney-at-Law
Ms. Hieng started her employment at HBS LAW in 2015, supporting the firm with regards to an extensive range of matters. She is a member of the General Corporate and Investment, Banking and Finance, and Dispute Resolution and Litigation Practice Groups.
Sopheak Pheap
Associate
With a bachelor’s degree in Law and a master’s degree in Private Law from the Royal University of Law and Economics in Cambodia, Mr. Sopheak began his career at HBS LAW in 2015, where he has been involved in various legal matters.
Davy Ung
Associate
Davy is a member of the Banking and Finance practice group. She has extensive knowledge of criminal law, rules of evidence, immigration law, and international law earned through her previous experiences in international moot competitions, and internships, and her work in both Cambodian and international law firms.
Leakhena Nhep
Junior Associate
Leakhena is a member of the Banking & Finance and Dispute Resolution Practice Groups. She is currently advising clients in relation to secured and unsecured lending, OTC derivatives, bank regulation and acquisitions of BFIs. In addition, Leakhena assists with banking litigation as well as dispute resolution in other sectors.
Related Publications
Deal Lists
- Acted for Bank SinoPac on its US$550m multi-tranche acquisition of Amret Microfinance including the due diligence exercise, negotiating the share purchase agreements and obtaining approvals from the regulators.
- Advised two global investment banks on their proposed entrance into repo transactions with the National Bank of Cambodia.
- Advised International Finance Corporation on an OTC Derivatives project conducted with the Securities and Exchange Regulator of Cambodia, the National Bank of Cambodia and the Ministry of Justice.
- Acted for MegaBank, as arranger and facility agent, on a USD80m syndicated facility made available to a Cambodian developer.
- Acted for numerous offshore lenders such as FMO, Bank of China, China Development Bank, ADB, Proparco, etc., on the provision of loans to banks, financial institutions and other large corporates in Cambodia in relation to various infrastructure projects and for general corporate purposes.
- Advised the Association of Banks in Cambodia and the Cambodian Microfinance Association on various regulatory and other issues affecting their respective members and their dealings with the National Bank of Cambodia.
- Advised the Association of Banks in Cambodia and the Cambodian Microfinance Association on various regulatory and other issues affecting their respective members.
- Acted for the BRED Bank on its provision of a US$40m subordinated loan to a leading Cambodian commercial bank.