Shashi Satyal

Shashi Satyal is our exclusively recommended Business Advisory Services expert in Nepal on the Advisory Excellence website. If you need assistance in this area, please contact Shashi directly using the contact details listed above.

Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain, bordering Tibet of China to the north, and India in the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the Indian state of Sikkim.

Shashi is the Managing Partner of TR Upadhya & Co. He has over 30 years of experience in assisting clients in a wide range of assignments in the areas of Auditing, Due Diligence, Financial management and Financial restructuring, Forensics investigation, Management and strategic consulting, Taxation and Regulatory Compliance, and Systems design and implementation.

His experience ranges in providing professional services to large national and multinational clients in Aviation, Banking and Finance, Consumer electronics, Energy and Natural Resources, Hospitality, Health care, Insurance, Manufacturing, Media and Publications, Passive infrastructure and Telecommunications industries.

Shashi has imparted trainings on International Financial Reporting Standards and on transition to Nepal Financial Reporting Standards to government regulators in Nepal.

As a Managing Partner, Shashi Satyal is responsible for the management and development of the firm.

Firm Overview:

PKF TR Upadhya & Co – a firm established in 1971 is a partnership firm established under the laws of Nepal. TRU in Nepal have staff strength of over 100 professionals. In addition, many other staff with varied background work on contractual basis with the firm.

TRU is a leading provider of audit, tax, business and financial advisory services in Nepal. TRU’s approach to service delivery helps to respond to client’s complex business challenges. TRU aims to give its clients full access to the resources and infrastructure of a major firm. TRU is uniquely positioned to integrate in-depth expertise in international accounting and business practices with local know how. Our objective is to provide services of the highest possible standard to companies in Nepal and also to bring an international perspective to the management of these companies.

Devendra P.N. Pradhan

Devendra P.N. Pradhan is the founder and managing partner of the firm. Devendra has more than 27 years’ seasoned experience in commercial and international matter. Devendra has been honoured by the Supreme Court of Nepal with the designation and title of “Senior Advocate”. Devendra also worked with various law firms in New York and Washington, D.C. In addition to Nepal, Devendra is also admitted as an attorney-at-law in New York, District of Columbia and various Federal Courts in the United States of America.

Devendra focuses his practice on advising and representing foreign companies primarily in the area of aviation, banking and finance, commercial, energy, hydroelectricity, infrastructure project development, telecommunications, technology, mergers & acquisitions, project finance, intellectual property, international franchising, commercial arbitration, cross-border and international transactions, etc.

Devendra has worked in various innovative, high-profile and high-value projects in various areas of commercial law, such as, aviation, banking and finance, hydroelectricity and infrastructure project development, telecommunications, mergers & acquisitions which are among the largest and high-profile projects in the country. Devendra has been advising foreign governments, supranational bodies, bilateral agencies, Fortune 500 multinational companies, international organizations, financial institutions, international agencies, etc.

Devendra has been recognized by Chambers Global, Chambers Asia, Who’s Who Legal, Expert Guides, Lawyers World Magazine, ACQ Magazine, InterContinental Finance Magazine, etc. Who’s Who Legal has recognized him amongst the world’s leading lawyers in aviation, M&A, project finance and trademark field for the last several years. Legal Media Group’s Expert Guides has recognized him amongst the world’s pre-eminent lawyers in aviation, M&A and trademark field. InterContinental Finance Magazine has recognized him as- One of the top 500 Lawyers in the World.

Devendra regularly contributes scholarly articles on various topics of Nepalese commercial laws and on key issues of international laws in various national publications as well as in international law journals and international publications.

Devendra is a member of various national and international professional associations.


  • American University, Washington College of Law, Washington, D.C., USA, LL.M. in International Business Law, 2001
  • Tribhuvan University, Kathmandu, Nepal, Bachelor’s Degree in Law, 1990

Professional Training:

  • Centre for American and International Law, Plano, Texas, U.S.A, “Academy of American and International Law”, 1999
  • The University of Queensland, TC Beirne School of Law, Brisbane, Australia, “Training Courses on Project Finance, Construction Law, and International Trade and Finance Law”, 1998

Bar Admission:

  • Nepal, 1991
  • New York, 2003
  • District of Columbia, 2009
  • Supreme Court of the United States, 2008
  • United States Court of Appeals for the Second Circuit, 2008
  • United States Court of International Trade, 2003
  • United States Tax Court, 2003

Firm Overview:

Pradhan & Associates (formerly Pradhan, Ghimire & Associates) is a top-tier full service commercial law firm in Nepal. Founded in 1997 by Senior Advocate, Devendra P.N. Pradhan as a sole proprietorship firm and later converted into a limited liability company, in its 20-year journey, the firm stands out from the crowd and is widely recognized as Nepal’s premier commercial law firm. The firm is well known for its expertise in commercial transactional work as well as in complex commercial litigation and arbitration.

We do not strive to be the largest law firm measured by number of lawyers. Rather, we are a Firm predominantly engaged in international practice. The Firm has set the standard for excellence in legal services in Nepal. The Firm is committed to excellence in every aspect of commercial law that we practice. The Firm has been involved in some of the most high-profile and ground breaking transactions in Nepal and continues to be a part of major headline transactions in the field of commercial law. We have a large array of collective expertise in handling sophisticated transactions.

We offer professional services primarily to foreign companies and international institutions as well as individual clients. Our objective is to provide comprehensive legal services to foreign companies and business entities in the area of commercial and business laws in Nepal. We advise on the matters arising under Nepalese laws and regulations as well as on international matters that touch and interact with Nepalese laws and regulations.

We pride in our capability in advising the world’s leading companies. The firm has been advising foreign governments, supranational bodies, bilateral and multilateral agencies, Fortune 500 companies, etc. The firm has strong ties and working relationship with many foreign law firms and frequently acts as a local counsel for major large international law firms.

The firm has earned several international awards and honours in the area of commercial law, such as: Most Trusted Law Firm of the Year in Nepal, Law Firm of the Year in Nepal, Commercial Law Firm of the Year in Nepal for several years in a row and numerous practice area awards for its outstanding works. Major international legal directories have ranked the firm as the top ranked law firm in Nepal and members of the firm amongst the leading lawyers in Nepal as well as amongst the world’s pre-eminent lawyers in various areas of practice.

Anjan Neupane

Anjan Neupane is our exclusively recommended Mergers & Acquisitions Law expert in Nepal on the Advisory Excellence website. If you need assistance in this area, please contact Anjan directly using the contact details listed above.

Anjan leads the firm’s corporate and international business practice. He has notable expertise in banking, corporate, foreign investment, mergers and acquisitions, project finance, and dispute resolution. He has advised many of the world’s leading companies in various innovative and high-profile matters. Chambers and Partners ranks him as a leading lawyer for business law in Nepal. Its recent editions describe him as “very competent and highly professional lawyer who possesses excellent knowledge”, “popular choice for many clients who enthuse about his commercial and practical approach” and “very reliable and has given very high-quality advice where there is limited legal precedent.” He is an Advocate licensed by the Nepal Bar Council.

Anjan Neupane has also advised global banks (Deutsche Bank, Bank Julius Baer, Masherq, China Development Bank) in cross-border banking and financial regulation; technology companies (Uber, Iflix, Kaymu, Milvik) in market entry and structuring; global hotel chains (Marriott, Hilton, Duisit Thani) in international franchising, management agreements and intellectual property; and leasing and aviation companies (ICBC Financial Leasing, CDB Leasing, Avtrade, Minsheng) in leasing and sale of aircrafts.

Firm Overview:

We are a group of lawyers who strive for excellence in providing legal services. We aim to offer the highest international standards and extensive local expertise. We have advised our clients in many notable transactions and disputes for over 35 years.

Kathmandu, Nepal’s capital, is set in a valley surrounded by the Himalayan mountains. At the heart of the old city’s mazelike alleys is Durbar Square, which becomes frenetic during Indra Jatra, a religious festival featuring masked dances. Many of the city’s historic sites were damaged or destroyed by a 2015 earthquake. Durbar Square’s palace, Hanuman Dhoka, and Kasthamandap, a wooden Hindu temple, are being rebuilt.

Balkrishna Neupane

Balkrishna Neupane is a senior partner at the firm. He is widely recognized as a preeminent lawyer for litigation, business law, constitutional law, and property law. He has extensive experience in representation at the High Courts and the Supreme Court in a wide range of complex matters. He also advises in complex and high profile M&A, joint ventures, and financing transactions. Chambers & Partners ranks him as a leading lawyer for business law in Nepal. Its recent editions describe him as “a leading litigator”, “very good and senior lawyer” and “features in notable litigation in the Supreme Court.” The Supreme Court of Nepal has designated him as a Senior Advocate.


Balkrishna has a highly distinguished legal career of over 35 years. He has a diverse experience and specialist expertise in constitutional law, business law, property law, and corporate transactions. He has represented in over 200 reported cases at the Supreme Court. He has recently advised and represented:

  • Nissan Motors in defending various lawsuits filed by a distributor.
  • Northern and Western Insurance Company in defending reinsurance claim.
  • A foreign investor in investment disputes with an internet service provider.
  • A subsidiary of US technology firm in various lawsuits and arbitration related to service agreements.
  • Ganpati Tobacco in litigation related to the ownership of “Raj Niwas” trademark.
  • G4S in various lawsuits related to labour law in the Supreme Court.
  • GE Power in withdrawal of various lawsuits from the Supreme Court.
  • Various parties in licensing disputes with the government in the power and health sectors.
  • Various parties in many while collar crime and corruption investigations and trials.
  • Various proceedings in the Supreme Court related to property, commercial, and constitutional law.


  • Balkrishna has obtained a B.L. degree from Nepal Law Campus.


  • Balkrishna is fluent in English and Nepali.

Firm Overview:

We are a group of lawyers who strive for excellence in providing legal services. We aim to offer the highest international standards and extensive local expertise. We have advised our clients in many notable transactions and disputes for over 35 years.