YKVN Named “National Law Firm of the Year” for Vietnam in 2010

Hanoi/Ho Chi Minh City (May 4, 2010) –  YKVN is pleased to announce once again it has been awarded “National Law Firm of the Year” for Vietnam in 2010 by International Finance Law Review (IFLR). YKVN was given this distinction in 2004, 2005 and 2009, and is now a four time winner of this distinguished award. The IFLR Asia Awards are the most reputable awards in the market that recognize law firms and transactions in the region.

According to IFLR, the “National Law Firm of the Year” award is given to the local law firm in each particular country with what IFLR considers the best track record for the preceding year in providing legal advice on the most noteworthy international finance deals. The “National Law Firm of the Year” award is a demonstration of the winning law firm’s quality of services and leading role within its legal community and throughout the region.

On learning of the award and the top rankings of YKVN in key practice areas this year, Mr. Ha Hung Cuong, Minister of Justice, in a recent letter to YKVN, recognized the firm’s achievement: “On behalf of the Ministry of Justice, I would like to commend YKVN for its achievement of recognition in the region and its enthusiastic contributions to the Ministry of Justice’s activities. May YKVN continue to garner new successes and to make increasingly significant contributions to the cause of developing the country, law reform, judicial reform and international economic integration.”

Mr. Le Thuc Anh, Chairman of the Vietnam Bar Federation said “For many years YKVN has been internationally recognized and has received international awards for its high quality and professionalism. This achievement has contributed to the pride of Vietnam’s lawyers in the process of integration and international competition. Vietnam Bar Federation congratulates YKVN and trusts that more law firms in Vietnam will begin to gain such achievements.”

“This award continues to be a tremendous honor for us as it again places us shoulder to shoulder with leading law firms in Asia. Despite previous similar designations, providing exceptional legal advice continues to our firm’s foremost goal. Our colleagues’ recognition of our work is an acknowledgement of YKVN’s status as a top rate firm, while providing insight into the maturity of the legal profession in Vietnam. It is also a recognition of the value we bring to our clients,” said Truong Nhat Quang, the managing partner of YKVN.

“We could not have achieved this without the strong support and confidence of our clients, to whom we express our gratitude. We want to continue to partner with our clients, be of relevance to them in a solution-oriented manner and be their counsel of first choice,” said Diep Hoai Nam, partner in charge of YKVN’s Hanoi Office.

2009 was another landmark year for YKVN as its work continues to raise the bar for quality legal services in Vietnam. In our tenth anniversary since establishment, YKVN advised on many innovative notable finance deals, including being on the team that counseled the lead manager Credit Suisse on Vincom’s US$100 million convertible bonds (which was named IFLR’s “Debt and Equity-linked Deal of the Year” and Asian Counsel’s “Deal of the Year”), on the advisory team for the joint lead managers Barclays, Citigroup and Deutsche Bank on the US$1 billion international bond issue of the Vietnamese Government, advising Vietnam Airlines on its acquisition of six new ATR aircrafts, counseling the lead managers HSBC and Standard Chartered Bank on the issuance of Techcombank bonds worth approximately VND2,400 billion, and counseling PetroVietnam Finance Corporation on a secondary listing on the Singapore Stock Exchange. In regard to M&A, YKVN advised Masan Group Corporation on a number of its strategic M&A and innovative pre-IPO financing transactions with TPG, BankInvest, Mekong Capital and HouseFood. YKVN is advising PetroVietnam Insurance Corporation on its sale of a strategic stake to foreign investors.