Transactions attended to closing
Years of combined banking law experience
Average client satisfaction rating
Dedicated practice areas across one firm
In the words of clients
"We engaged kencanapad for a RM 45 million bilateral facility negotiation. The review of the MAC clause and financial covenant package was thorough — they identified three provisions that would have materially constrained the business, and we were able to negotiate those out. The fee was agreed upfront, and there were no surprises at invoice."
Ahmad Hazwan
Group CFO, Kuala Lumpur
March 2025
"The Islamic finance team at kencanapad understands the practical side of coordinating with our Shariah committee. They had reviewed the SAC rulings relevant to our Musharakah structure before the first meeting, which saved a considerable amount of time. Documentation was clean from the first draft."
Siti Rahayu Bt. Malik
Head of Legal, Islamic Financial Institution
February 2025
"We needed counsel for a security enforcement matter after a borrower defaulted on a commercial property facility. kencanapad was clear about the sequence of steps, realistic about timeline, and communicated well throughout. The receiver appointment proceeded without complications, and the recovery outcome was as good as could be expected given the circumstances."
Tan Kim Huat
Credit Manager, Regional Lender
January 2025
"As an in-house team managing a portfolio of Labuan-booked Islamic finance facilities, we work with external counsel regularly. What distinguishes kencanapad is that the lead counsel who attends the structuring meetings is the same person who produces the documentation. There is no handover to a more junior team after the commercial decisions are made."
Rajesh Nair
Legal Director, Asset Management Firm
March 2025
"The facility documentation for our property acquisition involved a three-tranche structure with cross-border security. kencanapad managed the document sequence well — the NLC charge and the debenture over the holding company were ready in parallel with the facility agreement, and closing happened on the scheduled date. Worth noting that they flagged a registration point early that could have delayed us significantly."
Nabilah Farhana
Director, Property Development Company
February 2025
"We used kencanapad for a Sukuk issuance documentation review. The engagement was scoped specifically — we were not paying for general advice that went beyond what we needed. The practitioner understood the SAC process from experience rather than from textbooks, and the documentation was in acceptable form from an early stage."
Zulaikha Ahmad
General Counsel, Infrastructure Fund
January 2025
Transaction summaries
The following case studies describe the nature of transactions handled by the firm. Details have been generalised to preserve client confidentiality.
RM 75 Million Syndicated Facility — Property Holding Group
A Kuala Lumpur property group required a three-lender syndicated facility to refinance a portfolio of commercial properties. The existing facilities carried default event definitions that had been drafted without borrower counsel, and the group's finance team had limited visibility into the obligations they had taken on.
kencanapad reviewed the existing facility and the proposed new terms in parallel, identifying which provisions had caused practical difficulty and which were standard market positions. Negotiated a restructured covenant package, revised MAC definition, and extended cure periods across three events of default. Coordinated intercreditor arrangements across the lending syndicate.
Transaction closed on schedule. The revised covenant package gave the group headroom to complete a planned development without triggering financial tests. The client's finance team subsequently described the closing process as the most organised facility closing they had experienced.
Musharakah Mutanaqisah Structure — Commercial Property Financing
A regional institution sought Shariah-compliant financing for a commercial property acquisition. The transaction involved cross-border elements — the acquiring entity was Labuan-incorporated — and the institution's in-house Shariah committee required documentation that reflected current SAC rulings on diminishing partnership structures.
Drafted Musharakah Mutanaqisah documentation from an Islamic finance structure rather than adapting a conventional template. Coordinated directly with the institution's Shariah committee at two review points. Addressed Labuan jurisdictional requirements within the same documentation package. All registration filings coordinated across jurisdictions.
Shariah committee approval received following second review without further amendment. Transaction closed with security registered in both Kuala Lumpur and Labuan. The institution's legal team noted that the documentation required fewer iterations than comparable transactions they had previously managed.
Receiver Appointment — Defaulted Manufacturing Facility
A lender held security over a manufacturing business whose operating company had missed consecutive principal payments. The security package included an NLC charge over the property and a debenture over the business assets. The lender needed to enforce without triggering a reaction that would destroy the going-concern value they were seeking to recover.
Reviewed the security package before taking any step to confirm it was properly perfected and registered. Issued formal demand with the contractually prescribed notice period. Coordinated receiver appointment from an independent insolvency firm. Managed communication with the defaulting borrower's counsel to preserve the business operations during the enforcement period.
Receiver was able to continue operating the business and negotiate a sale of the manufacturing assets as a going concern, achieving a recovery significantly above the liquidation estimate. Winding-up proceedings were not required. Lender recovered principal and accrued interest in full.
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36, Persiaran KLCC, 50088 Kuala Lumpur
Monday – Friday, 8:30 AM – 5:30 PM MYT
Malaysian Bar practising certificates — all practitioners
Professional indemnity insurance maintained under Legal Profession Act 1976
INCEIF qualification — Islamic finance practitioner
AIBIM affiliate membership
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