Banking and finance

Nithya Partners

The team at Nithya Partners acts for entities such as the State Bank of India and Bank of China Limited in a range of banking and finance matters. The group's workload includes advising on ultra-high-value facility agreements in international contexts, assisting local banks with loan agreements, and handling the regulatory aspects of transactions. Practice head Naomal Goonewardena and senior associate Chalani Dissanayake are the key figures to note. In September 2023 Peshala Attygalle departed for an in-house role.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'Nithya Partners have a very professional and competent team. They are very strong in banking, finance, corporate, and capital markets-related legal advisory services.'
'Naomal Goonewardana is a rare professional with expertise in law, tax, and finance. This comes very handy in deal structuring as he brings a wide perspective to the table. He is very innovative and provides unique solutions.'
'They have always been supportive in all aspects of banking.'
'With their experience in this field, they provide more insights to the cases ensuring required standards are met in accordance with the laws and regulations in place. All the staff at Nithya Partners that we have associated with have always been collaborative and ensured things are done at our convenience.'
'Naomal adopted a flexible and a practical approach to all matters which is of utmost importance to us.'
'The team consists of very experienced qualified individuals we can rely on.'
'They always provide accurate and timely opinions.'
'Naomal provides an exceptional service.'

Key clients

Bank of China Limited
Seylan Bank PLC
Sampath Bank PLC
Bank of Ceylon
DFCC Bank PLC
State Bank of India
Citizens Development Business Finance PLC
Commercial Leasing and Finance PLC
NDB Investment Bank Limited
Hatton National Bank PLC

Work highlights

Advised the State Bank of India as lender in relation to an amendment extending the Facility Agreement for a sum of $1bn granted to the Government of Sri Lanka in March 2022.
Advised a syndicate of local banks in relation to an amendment to the syndicated term loan of a sum of $12m granted to a property development for a project.
Advised the trade association representing commercial banks in Sri Lanka on representations to be made to the regulator in connection with a proposed financial consumer protection regulation.

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