YKVN Named “National Law Firm of the Year” for Vietnam in 2009
Hanoi/Ho Chi Minh City (March 10, 2009) – On March 4, 2009 in Hong Kong, the International Financial Law Review (IFLR), a leading legal benchmark publication in Asia, named YKVN “National Law Firm of the Year” for Vietnam for 2009. This is the third time YKVN has received this distinction.
According to IFLR, the award for “National Law Firm of the Year” is given to the local firm with the best track record for the preceding year in giving local law advice on the most innovative international finance deals from the country in question. This includes debt and equity-linked, equity, M&A, project finance, restructuring and securitization deals.
On learning of the award, Mr. Nguyen Duc Chinh, Vice Minister of Justice, said “I am delighted that YKVN has once again been able to assert its reputation in the international and regional markets. This proves the outstanding professional maturation of Vietnamese lawyers in this phase of global integration of Vietnam’s economy. As one of the leading Vietnamese law firms, YKVN has made a contribution to the implementation of Vietnam’s policy relating to the formation of Vietnamese lawyers needed for the global integration of Vietnam’s economy.”
“The award is a great honor for YKVN at the tenth anniversary of the establishment of YKVN (1999 – 2009) since it again places YKVN shoulder-to-shoulder with the leading law firms in Asia. This award also reiterates the status of YKVN as a leading law firm in Vietnam as well as again underscores the maturity of the legal profession in Vietnam. The award demonstrates our strength and leading position in all aspects of our service delivery. It also recognizes the value we bring to our clients,” said Truong Nhat Quang, Managing Partner of YKVN.
“We are proud to be publicly recognized for our efforts as a team in providing excellent advice to clients and we would like to take this opportunity to thank our clients for their trust and the invaluable support they have given to us,” said Diep Hoai Nam, partner in charge of YKVN’s Hanoi Office.
Since its establishment in 1999, YKVN has continued to develop as a full service Vietnamese law firm and continues to be the only Vietnamese law firm with a leading role in both international and domestic corporate finance transactions. YKVN have worked on more domestic corporate finance transactions than any other firm among both international and local firms and many of the transactions are landmark innovative transactions in Vietnam.
In 2008 and 2009, YKVN participated in a number of landmark innovative deals in capital markets, project finance and M&A in Vietnam. In the area of capital market transactions, YKVN advised the Bank for Foreign Trade of Vietnam and the Industrial and Commercial Bank of Vietnam in their IPOs on the Ho Chi Minh City Stock Exchange and is advising them on their equitisations. YKVN is advising the Bank of Investment and Development of Vietnam on its equitisation. In addition, YKVN is also acting for the Vietnam Dairy Corporation on its secondary listing on the Singapore Stock Exchange. In respect of project finance transactions, YKVN is advising China Southern Power Grid International Co. Ltd. and China Power International Development Limited on the development and financing of the 1,200 MW Vinh Tan 1 BOT coal-fired power plant. YKVN is also assisting International Finance Corporation to advise the Ministry of Industry and Trade of Vietnam in relation to the 1,200 MW Nghi Son II BOT coal-fired power plant. In regard to M&A, YKVN advised PetroVietnam Finance Corporation on its sale of a strategic stake to Morgan Stanley.
The IFLR Asia Awards are the most reputable awards in the market that recognize outstanding law firms and transactions in the region.