Get to the point.

Cambodia
Our Cambodia team is focused on getting to the point, getting
the job done. Talk is cheap. That means, results count. You
need this kind of attitude in our markets to make progress. It isperhaps the most important core value of lawyers and advisers
in Cambodia, and of our firm as a whole. We never give up.
We are widely recognised as a leading firm in Cambodia,
and are particularly known for our experience in corporate
M&A,bankingandfinance,regulatory and taxation.

energyandinfrastructure,

Having a strong tax capability is

an important enhancer to many other parts of the practice.
The team’s deal track record speaks volumes. Our client list
includes international financial institutions, development financial
institutions, commercial banks, multinational enterprises, oil andgas supermajors and independent power producers.

Cambodia
Indonesia
Laos
MyanmarVietnam“The team’s extensive knowledge regarding the Cambodian
market impresses clients, who list its “familiarity with local laws,
responsiveness and extremely good relationships with key
regulatory and ministerial agencies” as strengths.”– Chambers and Partners

CORPORATE INVESTMENT

M&A



Lead counsel on Cambodia’s first, and only, oil refinery
project, which includes a dedicated port, rail link, andrelated infrastructure.

Corporate restructuring and liquidation of a subsidiary ofa multinational in the health sectorMarket entry of an international airline operator intoCambodia

We acted for the purchaser on the successful acquisitionof a Cambodian payment service provider.

Market entry of a leading, globally-integrated
agribusiness, we conducted land due diligence, andadvised on the joint venture agreement and leaseagreement.

We advised on a large microfinance company’srestructuring.

Multi-jurisdictional acquisition of a catering and foodservice provider

We advised a large US-listed gaming company on aprospective M&A transaction.

We advised a foreign investor on the acquisition ofan additional stake in one of the largest beverage
manufacturers in Cambodia.



We represented a US$275M listed property fund with thestructuring, acquisition, and divesting of properties inVietnam, Cambodia, and Singapore.

Corporate and tax structuring for the merger between
two telcos

We advised a Thai-listed company on a significant
entertainment center development in Cambodia.

Merger of two financial institutions in Cambodia

Acquisition of a major telecommunications infrastructurecompany and market leader in Cambodia

We acted for a large foreign financial institution on theacquisition of shares in the largest local microfinanceinstitution in Cambodia.

Advised on Cambodia’s second-ever initial public offeringon the Cambodia Stock Exchange.

Advised a wholly-owned Cambodian subsidiary of aforeign-owned power infrastructure provider, acting as
issuer for its planned IPO listing on the Cambodia Stock
Exchange.

Advised a leading Thai beverage manufacturer on its
market entry, production facilities in Cambodia, andbeverage importation business, including incorporating
a company, obtaining investment incentives throughqualified investment project status (“QIP”), and securing
the company’s trademark rights in Cambodia.

REGULATORYCross-border restructuring of a major telecommunications
company, including obtaining regulatory approvals fromthe telecommunications regulator in Cambodia.

We are legal counsel for a foreign-owned power
infrastructure provider on its power transmission line
project in Cambodia, handling all aspects of the project,including securing the regulatory approvals.

We assisted with the successful application for QIP status
for a five-star hotel in Siem Reap.



Advised on obtaining a gaming license in Cambodia

We assisted with obtaining QIP approval and licensing fora Singaporean real estate and construction company’s
project in Cambodia.

“They are experienced and proficient in Cambodian tax laws, andgive highly practical and convincing advice.”- Chambers Global

“VDB Loi is widely considered a powerhouse.”– Asialaw

ELECTRICITYBANKING AND FINANCE



We advised the largest special economic zone inCambodia on the restructuring of energy supplyagreements.

We acted as local counsel for an international financial
institution on the first industrial-scale solar power projectin Cambodia.



We are assisting on obtaining QIP status for a 60MW solar
power plant project.

We provided legal and tax advice in respect of project
financing activities for renewable energy projects.

Acted as local counsel on Cambodian law issues for arenewable energy company

We designed and implemented a security structure for afinancing transaction for a French NGO.

Construction and operation of a 10MW biomass plant inBattambang provinceDevelopment of a 90MW biomass plant in Kampot

We assisted a number of international development
financial institutions on the provision of a facility to abank, which included providing advice and assistancewith the regulatory requirements and approvals from theNational Bank of Cambodia.

We advise on the legal aspects of loan and mortgage
agreements and other legal issues in Cambodia for twolocal banks.

We advised on the regulatory framework of financing
transactions in Cambodia for a global bank.

Investment in a large microfinance institution by aEuropean impact investor

REAL ESTATE AND INFRASTRUCTURE
Development of shopping complex in Phnom Penh

A mixed-use real estate development project for aninternational real estate groupEngineering, procurement and construction contract forthe construction of the first public-private partnershiphighway in Cambodia



A massive and innovative project that combined highend luxury hospitality and complete sustainability

TAX ADVISORY AND DISPUTESDevelopment of a condominium project in Cambodia fora large foreign real estate developer

We successfully secured a significant VAT refund for amajor Japanese retailer

Acting on the tourism development of two major resort
islands in coastal Cambodia



We successfully obtained a large VAT refund for a global
jewelry company

We assist a number of multinational and local companies
across a range of industries with tax audits and disputes

We advised on structuring options and PE issues for aleading Water and wastewater treatment company



We provide tax advisory services to two multinationaldelivery companies in Cambodia, including on theirtransfer pricing arrangements, as well as representing
them in tax auditsWe represented an industry group and successfully
lobbied the tax authority for changes in the taxation ofcertain contractual arrangements

We assisted a leading online and media services company
with tax-efficient structuring for its business

TELECOMS, MEDIA AND TECHNOLOGY

We represented a mobile network operator in relation tocorporate restructuring and winding up of the entity.

We provided legal and tax advisory on all aspects of thefirst major rollout of network infrastructure for a specific
tower entity in Cambodia.

We advised on the legal framework for the installation of
IT software and systems in Cambodia.



We advised on the legal and tax structure of planned
installation of a submarine internet cable system.



We conducted a legal due diligence for an American
global advertising, marketing and corporate
communications company.



We advised on the proposed market entry of a global
software company.

“... the partners know more about the legal environment than anyoneelse.”- Legal 500

CONTACTS

EDWIN VANDERBRUGGENJEAN LOI

edwin@vdb-loi.com

jean@vdb-loi.com

JEFFREY MARTINLAYSYM SIM

jeffrey.martin@vdb-loi.com

laysym.sim@vdb-loi.com

PHOMRA SARAY

SIVILA KHIM

phomra.saray@vdb-loi.com

sivila.khim@vdb-loi.com

MARIZA UNG

SODETH HENG

mariza.ung@vdb-loi.com

sodeth.heng@vdb-loi.com

BORA MENGYUMI ISHIMOTO

bora.meng@vdb-loi.com

www.vdb-loi.com
CambodiaNo. 33, Street 294(corner of Street 29)
Sangkat Tonle Bassac
Khan Chamkarmorn
Phnom Penh 120101
T: +855 23 964 430~434
F: +855 23 964 154

Find us on:

yumi.ishimoto@vdb-loi.com

cidLaos
Level 4 Kolao Tower II
23 Singha Road
Nongbone Village
Saysettha District
Vientiane, Laos
T: +856 21 454 679
F: +856 21 454 674

VietnamLevel 20, Unit 2010
Sun Wah Tower
115 Nguyen Hue Blvd.
District 1
Ho Chi Minh City
T: +84 28 3821 9525

Indonesia
Plaza Bisnis Kemang
Suite 211
JI. Kemang RayaNo. 2
Jakarta 12730
T: +62 21 718 3415

MyanmarLevel 10, Unit 01-05
Junction City Office Tower
Corner of Bogyoke Aung San Road
and 27th Street
Pabedan Township
YangonT: +951 9253 752~756
F: +951 9253 758

The Cityloft Sudirman
Suite 1119
Jalan K. H. Mas
Mansyur Kav. 121
Jakarta, 10220
T: +62 21 2555 6611

ParkRoyal Hotel Nay Pyi Taw
Jade Villa No. 13/14
Hotel Zone
Dekhina Thiri Township
Nay Pyi Taw
T/F: +95 678 106 089