Zul Rafique & Partners Supports PayNet–NETS Joint Venture For Nexus Technical Operator Appointment
Zul Rafique & Partners Supports PayNet–NETS Joint Venture for Nexus Technical Operator Appointment
The prominent Malaysian full-service law firm, Zul Rafique & Partners recently supported Payments Network Malaysia (PayNet) on its joint venture (JV) with Singapore's Network for Electronic Transfers (NETS) by advising on, drafting and reviewing the documentation. The JV has been appointed as Nexus Technical Operator following a competitive procurement process.
Transaction Overview
Zul Rafique & Partners played a key role in supporting the JV by advising on, drafting and reviewing the documentation in relation to the transaction.
Strategic Significance
This appointment by Nexus Global Payments marks a significant step in advancing cross-border payments in the region by making them faster, more seamless and accessible for consumers and financial institutions alike.
JV Strengths
The PayNet–NETS JV brings together the strengths of two national payment infrastructure operators to support the delivery of a world-class platform for Nexus.
Additional Information
For more information on Nexus Global Payments, please refer to its press release. Further information on Nexus and related publications can be accessed via the Nexus Global Payments reports and publications page.
Team
The Zul Rafique & Partners team was led by Cathryn Chay (Partner) and Chin Lit Fwu (Partner), assisted by Gloria Tan (Senior Legal Associate) from the Corporate/Mergers & Acquisitions practice group, who played a key role in advising on the JV structure and documentation.
Conclusion
This mandate highlights Zul Rafique & Partners’ strong capabilities in handling complex cross-border joint ventures and fintech infrastructure projects, reinforcing its position in supporting innovative payment solutions across the region.
Zul Rafique & Partners (ZRp) is a prominent, large, full-service Malaysian law firm based in Kuala Lumpur, founded in 1999 by Dato' Zulkifly Rafique. The firm offers comprehensive commercial legal services with specialized practice groups for corporate, dispute resolution (including cross-border arbitration), energy, and more, and is known for its solution-oriented approach and dynamic growth in handling complex legal matters for corporate and individual clients.
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