Truong Nhat QuangManaging Partner

    Truong Nhat Quang

    Managing Partner
    Ho Chi Minh City

    Expertise

    Banking and Finance
    Capital Markets
    Corporate and M&A
    Energy & Infrastructure
    Private Equity

    Truong Nhat Quang, the Managing Partner of YKVN, heads a well-recognized, top tier corporate practice focused on banking, capital markets and M&A transactions.

    Quang has successfully handled landmark deals in Vietnam, regularly advising on complex lending and borrowing issues as well as representing government agencies and multilateral organizations on nation-shaping industrial projects.

    Quang’s clients include top Vietnamese banks and corporates, global investment banks, banks active in Vietnam and global private equity funds.

    He is the respected author of numerous publications on Vietnam’s legal environment, and has co-authored articles specifically on banking and project finance in the country, such as the Vietnamese chapter of Banking Yearbook 2004 (International Financial Law Review, 2004), “BOT Project Financing in Vietnam” (Asia Law, 2003), and the Vietnamese chapter of “Taking Security in Emerging Asian Markets” (Asia Law, 1997).  In particular, Quang has authored the treatise on Vietnamese corporate law “Corporate Law – Fundamental Legal Issues” (Pháp Luật Doanh Nghiệp – Các Vấn Đề Pháp Lý Cơ Bản) and “Skills for Transactional Business Lawyers – Sharing Real Life Experience in Vietnam” (Kỹ Năng Hành Nghề Luật Sư Tư Vấn – Chia Sẻ Kinh Nghiệm Hành Nghề Thực Tế Tại Việt Nam).

    Quang is named in the Legal 500’s Hall of Fame.

    Education

    Hanoi National University, School of Law, LL.B. (1994)

    Bar Membership

    Hanoi Bar Association
    Inter-Pacific Bar Association

    Capital Markets Transactions

    • Represented Barclays, Citigroup and Deutsche Bank as underwriter counsel in the US$1billion issuance of sovereign bonds for Vietnam;
    • Represented Credit Suisse as underwriter counsel in the Vincom’s US$100 million convertible bond issuance;
    • Represented the Bank for Foreign Trade of Vietnam as issuer counsel in the IPO of the Bank for Foreign Trade of Vietnam and the subsequent listing on the Ho Chi Minh City Stock Exchange;
    • Represented the Industrial and Commercial Bank of Vietnam as issuer counsel in the IPO of the Industrial and Commercial Bank of Vietnam and the subsequent listing on the Ho Chi Minh City Stock Exchange;
    • Represented Barclays and HSBC as indemnitors’ counsel in the proposed US$ bond issuance of the Industrial and Commercial Bank of Vietnam;
    • Represented BNP Paribas, Deutsche Bank and Morgan Stanley as underwriters’ counsel in the proposed US$ bond issuance of PetroVietnam;
    • Represented HSBC and Standard Chartered Bank as underwriters’ counsel in the VND2,400 billion bond issuance for Techcombank;
    • Represented Techcombank as issuer counsel in the VND3,000 billion convertible tier 2 capital bond issuance for Techcombank; and
    • Represented Indochina Vietnam Capital Holdings on the formation of a US$500 million Vietnam focused international equity fund listed on the London Stock Exchange.

    Financing Transactions

    • Represented the Export-Import Bank of Korea and commercial lenders as lender counsel on a US$1.5 billion financing of the Mong Dung 2 BOT Power Plant Project;
    • Represented Vietnam Shipbuilding Group (Vinashin) as borrower counsel on a US$650 million syndicated financing arranged by Credit Suisse;
    • Represented Vietnam Shipbuilding Group (Vinashin) as borrower counsel on a US$300 million syndicated financing arranged by Deutsche Bank;
    • Represented Citibank and Salomon Smith Barney as lender counsel on a US$70 million-equivalent VND syndicated loan facility to refinance project debt of Holcim Vietnam;
    • Represented a syndicate of foreign banks led by Credit Suisse as lender counsel on a US$300 million financing of Vietnam Coal and Mineral Resources Group (Vinacomin);
    • Represented Vietnam Airlines Corporation as borrower counsel on a US Eximbank financing of four Boeing 777 aircraft, the first US Eximbank financing in Vietnam;
    • Represented Vietnam Airlines Corporation as borrower counsel on an ECGD-COFACE-HERMES-guaranteed financing of three Airbus 231-321 aircraft, the first combined European ECA guaranteed-financing in Vietnam;
    • Represented Asian Development Bank, ANZ Bank, Credit Lyonnais, Fortis Bank and Export-Import Bank of Malaysia Berhad as lender counsel on the financing of the BOT Thu Duc Water Treatment Plant;
    • Represented Bank for Foreign Trade of Vietnam, Bank for Investment and Development of Vietnam and Industrial and Commercial Bank of Vietnam as lender counsel on the financings of a number of power and other infrastructure projects in Vietnam, including among others:

    – the US$255 million financing of the Dong Nai 3 and Dong Nai 4 Hydropower Plants;
    – the US$90 million financing of the Pleikrong Hydropower Plant;
    – the US$110 million financing of the Srepok Hydropower Plant;
    – the US$134 million financing of the Nam Chien Hydropower Plant;
    – the US$62 million financing of the Ta Thang Hydropower Plant;
    – the US$110 million construction financing of the Srepok Hydropower Plant;
    – the US$100 million construction financing of the A Vuong Hydropower Plant;
    – the US$89 million construction financing of the An Khe-Kanak Hydropower Plant; and
    – the US$110 million financing of the Se San 3A Hydropower Plant;

    • Represented Masan Group Corporation on a number of pre-IPO convertible financings with TPG Growth and BankInvest and convertible financings with IFC and Goldman Sach.

    Merger & Acquisition Transactions

    • Represented the Bank for Foreign Trade of Vietnam as seller on the sale of a strategic stake in the Bank for Foreign Trade of Vietnam (as part of the equitization of Bank for Foreign Trade of Vietnam) to foreign investors;
    • Represented PetroVietnam Finance Corporation (PVFC) as seller on the sale of a strategic stake to Morgan Stanley;
    • Represented PetroVietnam Insurance Corporation (PVI) as seller on the sale of a strategic stake to Oman Investment Fund;
    • Represented Fullerton Holdings as buyer in connection with the acquisition of a strategic stake in Mekong Development Bank;
    • Represented VP Bank as seller on the sale of a strategic sale in VP Bank to OCBC;
    • Represented PetroVietnam Gas Corporation (PVGas) as seller on the proposed sale of a strategic sale in PVGas (as part of the equitization of PVGas) to foreign investors;
    • Represented Masan Group Corporation as buyer on the acquisition of a controlling stake in Nui Phao Mining Project from Dragon Capital funds; and
    • Represented Masan Group Corporation as seller on a number of sales of stakes in its subsidiaries to BankInvest, Mekong Capital and House Food.

    Rankings

           

    2020
    Elite practitioner | Banking & Finance  | Asialaw
    Elite practitioner| Capital Markets | Asialaw
    Elite practitioner | Corporate and M&A | Asialaw

    Dispute Resolution Star | Dispute Resolution | Benchmark Litigation

    Band 1 | Banking & Finance | Chambers
    Band 1 | Capital Markets  | Chambers
    Recognized Practitioner | Corporate and M&A | Chambers
    Band 2 | Energy and Infrastructure | Chambers

    Highly regarded | Banking and Finance | IFLR
    Highly regarded | Capital Markets | IFLR

    Leading Individual | Banking & Finance  | Legal 500
    Leading Individual | Capital markets | Legal 500
    Leading Individual | Corporate and M&A | Legal 500
    Hall of Fame | Corporate and M&A| Legal 500

    2019
    Market-leading lawyer | Banking and Finance | Asialaw
    Market-leading lawyer | M&A | Asialaw
    Market-leading lawyer | Capital Markets | Asialaw

    Dispute Resolution star | Dispute Resolution | Benchmark Litigation

    Band 1 | Banking and Finance | Chambers
    Band 1 | Capital Markets | Chambers
    Band 2 | Energy and Infrastructure |Chambers

    Highly regarded | Banking and Finance | IFLR
    Highly regarded | Capital Markets | IFLR

    Leading individual | Banking and Finance | Legal 500
    Leading individual | Corporate and M&A | Legal 500
    Leading individual | Capital Markets | Legal 500

    2018
    Band 1 | Banking & Finance | Chambers
    Band 1 | Capital Markets  |Chambers
    Band 1 | Projects, Infrastructure & Energy  | Chambers

    Leading Individuals |  Banking & Finance |  Legal 500
    Leading Individual |  Corporate and M&A |  Legal 500

    Comments

    “Practicality and deep knowledge of the local market”
    “An expert in banking and finance”
    “Clearly a standout lawyer”
    “He’s very respected and capable.”
    “Well known for financing, and a respected figure in the local community”
    “He helps you solve problems, you can really rely on him.”
    “Very solution oriented and proactive”
    “He’s on top of all of the issues in that market – one of the most fantastic lawyers.”
    “Particularly responsive”, and “delivers succinct and practical advice”
    “A key individual” who is “hugely experienced”
    “Extremely effective and knowledgeable in an uncertain legal framework.”
    “He helps to avoid land mines and is not just quoting law but finding solutions.”
    “Experienced and hard-working”
    “Excellent at understanding the issues facing foreign investors.”
    “Superb financing expertise”
    “International client-friendly deal management skills” and his “innate understanding of how foreign clients need to adapt to the Vietnamese market”
    “Highly meticulous”

    “Very well-trained lawyer” who is “helpful and responsive”
    (Chambers)

    “Extremely strong and capable”
    “Among a small handful of leading capital markets lawyers in the country”
    (Legal 500) 

    • 2016 Pháp Luật Về Doanh Nghiệp – Các Vấn Đề Pháp lý Cơ Bản (2016 Laws on Enterprises – Basic Legal Issues)
    • 2013 Kỹ Năng Hành Nghề Luật Sư Tư Vấn (2013 Legal Counseling Skills)
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