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Phnom Penh city skyline and Tonle Sap River Cambodia
Phnom Penh city skyline and Tonle Sap River Cambodia

Indochina

We have a strong track record of supporting domestic and international clients on their investments in Laos and Cambodia.

With a deep understanding of these markets and how to navigate their respective regulatory regimes, we are a firm of choice when it comes to acquisitions, disposals, joint ventures and the development and financing of major projects in these jurisdictions.

For example, we have been advised on almost every hydropower project that has been developed in Laos and we have developed a leading reputation from banks and sponsors for our ability to deliver outstanding advice and documentation on both the financing and project sides.

We have also advised on transactions in Cambodia across the energy, corporate, telecommunications, technology and infrastructure sectors to name a few.

Recent examples of our work

Cambodia

Cambodia

Asian Development Bank, Thai-Exim Bank, Foreign Trade Bank of Cambodia and Arco Capital Corporation, on the provision of a USD 23.5 million loan to Cambodia Power Transmission Lines Co. Ltd. for the construction of 221 kilometres of 115 kilo-volt double circuit transmission lines

Laos

Laos

ADB, IFC and international commercial and Thai banks in relation to the financing of the Nam Ngum 3 Hydropower Project

All the lenders, including ADB, on the USD1.25bn project financing of the Nam Theun 2 hydropower project

The lenders on the refinancing and extension of the Theun-Hinboun hydropower project

Vietnam

Vietnam

The sponsors on Vietnam's first BOT project to reach financial close. The combined-cycle power plant project involved multi-sourced financing which included multilaterals, commercial lenders and political risk insurance. It was the first project financing approved by the State Bank of Vietnam.

JBIC in relation to a loan to be made for the Vung Ang 1 Thermal Power Project

A consortium comprising Japanese and Korean companies on all aspects of their bid for the Nghi Son II Power Project

News and insights

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Publications: 27 January 2023

The National Security and Investment Act 2021: reflections on the first year

The UK's National Security and Investment Act 2021 (the NSIA) came fully into force on 4 January 2022, with retrospective effect on certain transactions entered into or completed on or after 12…

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News: 27 January 2023

Allen & Overy awarded Law Firm of the Year by Risk.net for record second year running

The firm was congratulated in particular for their work in the past year in advising the Credit Derivatives Determinations Committee on the settlement of credit derivative transactions (CDS)…

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Publications: 27 January 2023

Antitrust in focus - January 2023

This newsletter is a summary of the antitrust developments we think are most interesting to your business. Ioannis Thanos, counsel in Hamburg, is our editor this month (learn more about Ioannis in our…

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Publications: 26 January 2023

Digital Markets Act enters into force: a roadmap for “gatekeeper” digital platforms

Following publication in the EU Official Journal, the Digital Markets Act (DMA, Regulation (EU) 2022/1925) officially entered into force on 1 November 2022.

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Our global coverage

Click on the regions in the map below to find out more about the jurisdictions we cover across the world.

  • Europe
  • Africa
  • Asia Pacific
  • Middle East
  • North America
  • Latin America
In addition to countries where we have offices, we also have a number of International Desks advising clients on large scale international transactions in Europe.

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Global Experts and Markets

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Our Global Experts and Markets bring together lawyers from across Allen & Overy with significant experience of working on deals in key regions and markets – they support our clients with their business needs across any region by mobilising international teams as well as selecting and maintaining our ties with our chosen relationship law firms. As our network of relationship law firms has grown, we have committed to build an enduring bond that will bring value to them, us and ultimately to our clients.