SupremeSAT engages Milbank as Legal Advisor For fast growing Sri Lankan Satellite Project- Lanka Business Today

SupremeSAT (Pvt) Ltd, Sri Lanka’s first – and only – satellite company, has engaged international law firm Milbank, Tweed, Hadley & McCloy LLP as its legal advisor, with immediate effect. This engagement will secure the legal and satellite industry experience of Milbank in structuring and financing SupremeSAT’s satellite project, which will include co-branded, shared and fully owned satellites as well as a “Space Academy”. Milbank is a full-service international law firm, headquartered in New York, with offices in leading financial capitals. Its Space Business Group’s active involvement in the commercial space and satellite marketplace assures its clients informed and experienced counseling in the broad range of legal services it provides. R. M. Manivannan, Chairman of SupremeSAT said “SupremeSAT continues to move aggressively towards its goal of becoming a regionally strong satellite company. The engagement of globally recognized leaders, like Milbank, further assures we will complete our journey. Milbank has a strong track record in satellite financing and project structuring adding confidence that our project will advance even better than planned”. “Milbank’s representation of the Republic of Sri Lanka as international counsel on matters of US and New York law on all five of Sri Lanka’s sovereign bond offerings to date demonstrates their capability and their commitment to the Sri Lankan economy. As for the satellite industry, Milbank has proven itself by closing 25 satellite financings totaling over USD 50 Billion in the past five years alone. Considering these achievements, there is no better choice than Milbank for the legal advisory role for our investment program of USD 320 Million” said Manivannan. Peter Nesgos, Partner in charge of Milbank’s Space Business Group said: “We are honored to be invited to join the SupremeSAT team organized to implement this important new national project. We will draw on our years of experience in successfully structuring satellite projects to provide our full support to SupremeSAT across a range of legal services.

Share This Article