Skip to main content

Allen & Overy has advised the Asian Development Bank on its $100 million to Singapore-listed Yoma Strategic Holdings for investment in infrastructure and logistics projects in Myanmar, with Berwin Leighton Paisner representing the company.

According to Yoma, $50 million of the loan would be earmarked to build telecom towers, develop cold storage logistics and vehicle fleet leasing. The second half of the loan will fund other projects in transportation, distribution, logistics and other sectors.

The A&O team was led by Bangkok partner Stephen Jaggs.

Yoma, chaired by tycoon Serge Pun, is trying to expand beyond real estate by partnering with international companies trying to enter the Myanmar market.

Last month, it said it was partnering with Japan's Mitsubishi Corp and Jalux Inc to operate Myanmar's second-largest airport and expand it into a regional hub. It has also tied up with Yum Brands Inc to debut a KFC restaurant in Myanmar in 2015.

Related Articles

Other News

Q&A with Edwin Northover, Debevoise & Plimpton LLP

by Asian Legal Business《亚洲法律杂志》 |

Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.

Other News

Kramer Levin and Herbert Smith Freehills plan latest law firm mega-merger

by Reuters |

U.S. law firm Kramer Levin Naftalis & Frankel and global legal giant Herbert Smith Freehills are planning to merge to create a firm with more than 2,700 lawyers, according to a joint statement on Monday.

Other News

Tokyo International makes Singapore debut with SE Asia in its sights

by Sarah Wong |

Japanese boutique Tokyo International Law Office (TKI) is set to establish its first overseas outpost with the opening of a Singapore office in January 2025, marking a significant milestone in the rapidly expanding firm's global strategy.