Lilian Liew

Lilian Liew

Kuala Lumpur

Lilian heads the Debt Capital Markets and Structured Finance practice at Zaid Ibrahim & Co.

She has advised Malaysian and international financial institutions and project sponsors on single bank and syndicated term and multi-facility loans, banking regulations and other general banking matters.  She has extensive experience in advising, structuring, negotiating and documenting project finance transactions, Islamic finance transactions, debt and equity linked security issues, bank capital instruments, asset-backed securitisation transactions, structured notes and other structured finance transactions.  Lilian’s experience also includes advising local and international lenders on the financing of some of the largest infrastructure projects in Malaysia based on conventional and Islamic financing structures. Lilian has led many award winning capital market deals, including those awarded IFLR, ALB, Islamic Finance News, Asset Triple A and Project Finance International.

Under her leadership, the Debt Capital Markets and Structured Finance practice at Zaid Ibrahim & Co has consistently been ranked in the top tier in Capital Markets and Banking & Finance in international publications such as Chambers, Legal 500 and IFLR. Lilian is recognised as a leading lawyer forBanking & Finance in IFLR 1000: The Guide to the World’s Leading Financial Law Firms every year since 2006. Lilian has also been named in Who’s Who Legal as a leading practitioner in the Capital Markets field since 2013 and also is one of only six Malaysian lawyers named in IFLR1000’s Women Leaders Guide since 2018 till 2022 - an elite cohort of the 300 leading female transactional experts in local markets globally. She has been inducted into Legal 500’s inaugural Asia Pacific Hall of Fame as a Leading Individual ranked for 10 times and above.

Lilian started her career in legal practice at Shook Lin & Bok in January 1992.  In 1995, Lilian joined the firm as an associate and she was made a Partner in 1998.

Areas of expertise

Banking and Finance
Islamic Financial Services
Debt Capital Markets



Asia Business Law Journal 2019, 2020, 2021, 2022

Top 100 Lawyers in Malaysia


Asialaw Leading Lawyers 2015, 2016, 2017, 2018

Leading Lawyer in Capital Markets and Banking &Finance


Asialaw Leading Lawyers 2019, 2020, 2021, 2022

Elite Practitioner in Capital Markets and Banking &Finance


Chambers Asia Pacific 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022

Band 1 in Banking & Finance

Spotlight Table in Islamic Finance in Asia-Pacific Region Legal Rankings 2022


IFLR 2013, 2014, 2015, 2016

Leading Lawyer

IFLR1000 2019, 2020, 2021, 2022

Highly Regarded in Banking, Capital markets : Debt, Capital markets : Equity, Capital markets : Structured finance and securitisation


IFLR1000 Women Leaders Guide 2018, 2019, 2020, 2021, 2022

IFLR Women Leaders


Legal 500’s Asia Pacific Hall of Fame

As a Leading Individual ranked for 10 times and more


Legal 500

Leading Individual in Islamic Finance, Capital Markets, Banking & Finance


Who’s Who Legal: International Who’s Who of Capital Markets – Structured Finance Lawyers, Who’s Who South East Asia

Leading lawyer in Capital Markets

Leading lawyer in Project Finance

2013 to 2022


Euromoney 2016

Women in Business Law, Banking





  • Advocate and solicitor of the High Court of Malaya
  • Bachelor of Laws (Honours) degree and Bachelor of Economics degree from Monash University, Australia

Recent insights

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