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 DOULAH & DOULAH

   Advocates, Attorneys, IP Agents & Notaries

 

 

   
         
   
   

 

 

Established in 1965, Doulah & Doulah is now one

of the oldest law firms in Bangladesh

 

 

   
         
   

CORPORATE & M&A

The corporate section is the single largest practice in the firm. Doulah & Doulah possesses market leading practice in this sector and involves in most complex corporate matters in Bangladesh. The firm has established itself as a specialist in negotiating Joint Ventures and relevant documentation.

The firm advises on straightforward registrations, incorporation, contractual matters and uncomplicated ventures through to complex investment projects, finance, mergers & acquisitions and corporate restructurings. In addition to its mainstream mergers & acquisitions capability the department's expertise encompasses Intellectual Property and Information Technology matters. Measured by the aggregate market capitalization and profitability of its multinational clients, the firm is the leading advisers in Bangladesh to major corporate organizations.

Clients include public and private corporations, investment banks and financial institutions, private equity providers, and international bodies. We are proud to say that in such a diversified practice area we have expertise on all aspects of it. Our area includes Administration, Banking, Commercial Law, Contract, Corporate Finance, Formation & Registration, Governance, Insolvency, Merger & Acquisition, Partnership, Privatization, Public Company, Restructuring, Securitization, Taxation and Litigation. Experience includes:

      Incorporation:

Doulah & Doulah maintains a large number of clients originated from initial incorporation. Clients in the sector includes Millennium, Internationa Basics, Feiyu Emel Impex, Hewlett Packard, Intellisoft, Yiecheng, Consistel Solution, Etihad Airways, Air Arabiah, Fritz Companies Inc., Syntex Pharmaceuticals, Maxim, Forever21, NTS Fashion, Casino, Pyramid, IDP, Baleno, Tantia, Dell, LG, Decathlon, Children’s Place, Leo, Bloomingfield,  Vantage, Playdome, Feteks Chemial Limited etc.

      Joint Venture Projects:

The firm has recently completed JV assignments that included JV between Nauta van Hearsolte and Bangladesh Shipping Co., Colgate Palmolive Company and Aromatic Cosmetics Limited., HAIER and a local counterpart, Sun Networks and BRTA. The firm is now working on a very large scale JV project for LG.

      Restructure & Liquidation:

The firm has recently completed restructure of Maxim, Khulna Power Company Ltd., UPS, Crysil etc. entities. It also worked in litigation of entities like International Basics, TCS, Fritz corporation etc. We have recently liquidated RL Sourcing and Baleno Readymade Garments, two big foreign invest companies in Banglad

·     Private Equity:

Major private equity investments include:

Manufacturing Sector


We are working for China based Double Star Industries in its USD30m joint venture industrial project (Tire Manufacturing) in Bangladesh
We are working for Japan based LIXIL for a USD350 joint venture industrial project (Sanitary-ware Manufacturing) in Bangladesh
We worked for PEB Steel Asia Limited in its private equity investment (USD100m) in joint venture with three other investors to form PEB Steel Alliance Ltd. in Bangladesh (Steel Manufacturing)
We worked for Hansol in its USD300m paper manufacturing plant in Gazipur EPZ
We have worked for LG in establishing a USD18m SKD plant in Bangladesh under JV with Butterfly
We have worked for Hisense in establishing a USD15m SKD plant in Bangladesh under JV with Butterfly
We worked for Baleno Readymade Garments in setting up its USD20million garment manufacturing facility in Bangladesh
We worked for Sanghai Maxim Garments Accessories in setting up its USD3million manufacturing facility in Bangladesh
 
Infrastructure Sector:
We worked for China Railway Corporation in its equity investment and EPC contract in the USD1billion First Dhaka Elevated Expressway Project
We worked for El Paso in its USD1.2m private equity investment in NEPC Ltd. which is owner of the 150 MW Haripur Barge mounted power plant.
Advising the sponsors to the Chittagong 2x660MW Coal-Fired Power Plant Project led by POSCO
We worked for El Paso in its USD1.5m private equity investment in Khulna Power Company Limited which is owner of the Khulna 150MW barge mounted power plant.
We have recently worked for Kushiara Power Limited which is the owner of Fenchuganj 170MW power plant, to finalize the equity structure and joint venture agreement and to raise USD1.5m private equity by way of preferred shares
 
Service Sector
We have completed a USD 0.1m equity investment matter for Nokia
We have just completed due-diligence, negotiation and finalization of investment documents on behalf of our client Bill & Melinda Gates Foundation for USD15m private equity investment in the mobile banking company, Bkash Limited
We are working for China Petroleum & Chemical Corporation – Sinopec in its USD10m private equity investment in Bangladesh
We have completed USD3m investment for our client Al Aqeeq Group in Best Aviation Limited
We are working for Aitken Spence in a large scale Joint Venture with three more conglomerates for its USD12m private equity financing by way of incorporating a SPV. At the moment we are finalizing the shareholders’ agreement for the project
We assisted Global Emerging Markets (GEM) in its PIPE investment (private investment in public equity) in Bangladesh Thai Ltd. amounting USD1m

The mergers & acquisitions (M&A) and Corporate Restructure practice is one of the fastest-growing in the firm. Undoubtedly the firm is leading the sector in Bangladesh. Doulah & Doulah has significant experience in representing different parties in such transactions such as, the acquiring party, the party going to be acquired, the corporate guarantors, the financiers, the merging parties etc. Also nowadays corporate entities are going to restructure themselves faster due to emerging scopes of asset finance, bankruptcy etc.

Banking and Finance Practice of the firm represents clients in many aspects of financing transactions, from origination and negotiation, to documentation and closing, and when necessary, to enforcement of remedies or procedures and agreements for workout and reorganization. Commercial and investment banks, insurance companies and other financial institutions appoint the firm to represent them in their various capacities in financing transactions.

Besides the firm have very strong due-diligence capabilities and forms an integral part of its M&A practice in Bangladesh. Our recent transactions include:

Manufacturing Sector

• We are working for Gulf Pharmaceuticals Ltd. in its acquisition of RAK Pharmaceuticals in Bangladesh
• We advised Samena Capital in acquisition of a stake in RAK Ceramics which has a listed subsidiary in Bangladesh
• We worked for KPS capital in its acquisition of American & Efird
• We worked for GlaxoSmithKiline in its potential acquisition of Paras Pharamaceuticals
• We worked for A&E in acquisition of Brandix and Phoenix stake in American & Efird Bangladesh
• We are working for an MNC in acquisition of KE Technical Textiles
• We are working for an MNC in acquisition of D-Water CETP Ecosystems Ltd. in Bangladesh
• The firm have been working for Tantia Group in its acquisition of an industrial unit in Bangladesh
• The firm worked for KPS capital in its acquisition of American & Efird

Power & Infrastructure Sector:

• We are working for China Railway Corporation for acquisition of an stake in the First Dhaka Elevated Expressway Ltd, SPV for the USD1billion infrastructure project
• We worked for AES in its acquisition of Covanta power assets in Bangladesh
• We worked for El Paso in its sale of United Summit Coastal Oil Ltd. stake
• We worked for El Paso in its sale of Coastal Fuji Oil Ltd. stake
• We worked for Picnic Corporation in its acquisition of Summit Surma Petroleum Company
• We worked for El Paso in its sale of United Summit Coastal Oil Ltd
• We worked for El Paso in its sale of Khulna Barge Mounted Power Plant stake
• We worked for El Paso in its sale of Coastal Petroleum
• We worked for El Paso in its sale of New England Power Company Ltd. stake to Globeleq

Service Sector

• We are advising Mobiserve in sale of its interest in Orasinvest in Bangladesh
• We are working for CSAV in CSAV & Hapag-Lloyd worldwide merger from Bangladesh
• We advised Wipro in its potential acquisition of Grameenphone IT
• We advised Microsoft in its acquisition of Nokia business
• We worked for Nokia in its acquisition of Navteq
• We advised NDB Bank in its acquisition of Capital Market Services Ltd.
• We advised International Lease Finance Corporation in its sale of assets in Bangladesh
• We worked for Commercial Bank of Ceylone in its acquisition of Credit Agricole Indosuez
• We advised ANZ in its sale of Bangladesh operation to Standard Chartered Banking Group
• We are working for Mitsubishi in its acquisition of ETA Melco
• We worked for Underwriters Laboratories Inc. in its acquisition of Specialized Technology Resources Ltd.
• We worked for Underwriters Laboratories Inc. in its acquisition of Magnus Textile Services in Bangladesh
• We worked for Serial systems in its potential acquisition investment in Jel Corporation
• We have been working for Huawei in its acquisition of International turnkey systems
• We worked for Zingmobile in its acquisition of B2M technologies
• We Worked for AL Aqeeq Aviation in its acquisition of Best Aviation Limited
• The firm advised Abu Dhabi Commercial Bank in its sale of RHB Capital
• The firm advised NDB Bank in its acquisition of Capital Market Services Ltd.
• The firm worked for ABX in its Bangladesh Merger Project
• The firm advised Vimpelcom in its acquisition of Weather Telecom

   
         
   
       

     
 
 
     
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Doulah & Doulah is a Partnership Law Firm Registered in Bangladesh (registration number: 27074/84)

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