D. L. & F. De Saram advises on a wide range of corporate and commercial affairs, covering both domestic and cross-border M&A, regulatory compliance, joint ventures and restructurings across a wide range of sectors. The practice is led by managing partner Savantha De Saram and Aloka Nandasena, who handle corporate restructurings, acquisitions, and joint ventures across sectors such as telecoms, manufacturing, and consumer goods. Hansi Abayaratne and Inshira Hanifa bring together expertise in corporate and M&A, banking and finance, tax and projects in the energy and real estate sectors, while Ushara Ratnayake is active in transactional matters and due diligence.

F. J. & G. De Saram’s team handles a broad spectrum of corporate matters, including both domestic and cross-border M&A, capital markets, and corporate restructuring. The group advises on high-value transactions across key sectors such as telecommunications, media, technology, manufacturing, hospitality, and infrastructure, while also actively engaging in emerging areas like data protection and digital transformation. The team is jointly led by six practitioners: Ayomi Aluwihare; Shehara Varia, noted for her experience in mergers, acquisitions and divestments across the retail, insurance, manufacturing and hospitality sectors; Anjali Fernando, who focuses on M&A, joint venture projects and privatisations; Himali Mudadeniya, who also oversees the banking and finance practice; Buwaneka Basnayake, who regularly advises clients on business expansion outside of Sri Lanka; and Shanaka Gunasekara, a key contact for data protection and privacy matters.

Julius & Creasy's corporate and M&A practice is recognised for its expertise in foreign direct investment, complex restructurings, and regulatory compliance. The group is noted for its consistent involvement in transactions that navigate Sri Lanka’s company, exchange control, and competition laws, as well as for providing guidance on data privacy and sector-specific regulations in telecoms, insurance, and technology. The team regularly supports multinational clients with cross-border restructurings and local market entry, combining transactional skill with strong governance and compliance capabilities. The practice is jointly led by Amila Fernando, whose areas of expertise include cross-border M&A, incorporations, foreign direct investments, and Anandhiy Gunawardhana, who advises domestic and international clients, including key names from the education, energy, aviation and telecoms sectors, on M&A, regulatory matters, corporate restructurings and hostile takeovers. Further support is offered by Diluka Rodrigo, who is active in restructurings, disposals, incorporations, spin-offs and foreign investments, and Shane Silva, a specialist in corporate restructurings, FDIs and due diligence.

Singled out for its 'professionalism, deep understanding of complex business structures, and strong grasp of Sri Lanka’s regulatory landscape', Tiruchelvam Associates maintains a strong presence in corporate and M&A work, with its practice underpinned by significant foreign investment and cross-border transactional activity. The team has been particularly active in advising foreign investors establishing operations within the Colombo Port City Special Economic Zone and continues to handle mandates across the IT, energy, and financial services sectors. Its transactional offering is further complemented by its corporate consultancy services arm, which provides governance and compliance support. Co-head Asanka Abeysekera combines expertise in corporate affairs and real estate, standing out for her strong track record in cross-border transactions. Fellow co-head Nirosha Peiris further showcases expertise in banking, projects and capital markets matters.

Domestic and international clients across the financial, infrastructure, energy, media and technology sectors regularly turn to Varners for advice on M&A deals, corporate finance, joint ventures, and commercial agreements. The team, which is known for its work on public-private transactions and regulatory compliance, continues to serve as legal adviser to the Colombo Port City Economic Commission on development and investment negotiations within Sri Lanka’s landmark special economic zone. Raj Selvaskandan, who regularly acts for corporate and private clients on a wide range of corporate and commercial deals, M&A, and restructurings, heads up the team with Mahinda Haradasa, who focuses on foreign investments, corporate due diligence and M&A. Other key practitioners include Vinothini Amarasekara, who is sought after for her expertise in financing, corporate and real estate transactions, and Krishanth Rajasooriyar, noted for his experience in cross-border commercial deals, joint ventures and foreign direct investments.

Heritage Partners has a strong presence in private equity, venture capital, and family business restructurings. The team advises on mid-market transactions and capital-raising mandates, with recent work including shareholder reorganisations and cross-border investments connected to Sri Lanka’s Port City regime. The practice is led by Arittha R. Wikramanayake, whose experience in securities regulation, policy development and transactional matters informs the team’s approach to M&A and corporate governance work. Eric Dathika Wikramanayake stands out for his strong track record in private equity deals, public and private M&A, and venture capital matters.

Nithya Partners’ corporate and M&A team, led by Naomal Goonewardena and Nirusha Ratnatunga, advises longstanding institutional and multinational clients on a wide range of transactional, regulatory, and advisory matters. The practice provides guidance on listings, private share sales, and group restructurings, while also supporting ongoing governance and compliance for both listed and privately held companies. In addition, the team actively engages with policy and legislative reforms, including developments in company law and insolvency, ensuring clients benefit from its deep regulatory insight.

Led by Dushyantha Perera, Sudath Perera Associates' corporate and commercial practice advises on a broad spectrum of domestic and cross-border transactions, regulatory compliance, and investment structuring. The team regularly supports multinational and local corporates on market entry, restructuring, and foreign investment into Sri Lanka, including key projects within the Colombo Port City Special Economic Zone. Practice head Perera is regularly retained by private equity funds, financial institutions, multinational corporations and start-ups for advice on corporate transactions and finance matters. Recent team developments include the promotion of Hafsa Ifthikar to partner in April 2024, and the addition of Nipuni Samarasekara in May 2024, who joined from SW Legal.

LegalBase acts for a mix of domestic and international clients across sectors including technology, finance, retail, and consumer goods. The group, led by Ali Tyebkhan, advises on M&A, private equity transactions, joint ventures, and broader corporate structuring and governance matters. The practice also handles ongoing commercial and contractual work for global clients. Tyebkhan, one of the co-founders, has extensive experience in corporate, commercial and private equity matters, while Sudath Perera is noted for assisting clients from the apparel, consumer products, pharmaceutical, media, entertainment and IT sectors. Natasha Burhan focuses on corporate and IP mandates.