Corporate & Commercial Lawyer | Regulatory Advisor | Founder, Basnet Attorneys & Law
 

Tika R. Basnet is a corporate and regulatory lawyer in Bhutan with a strong reputation for delivering legally sound, business-aligned, and internationally relevant counsel across sectors. As the Founder of Basnet Attorneys & Law, he leads a full-service commercial law firm in Thimphu, Bhutan, that works with a range of domestic enterprises, multinational companies, global law firms, and development institutions operating in or engaging with Bhutan.

Trained in Bhutan and experienced in global legal contexts, Mr. Basnet bridges the gap between local legal realities and international business expectations. His work spans corporate law, cross-border transactions, foreign direct investment (FDI), commercial contracts, and emerging technology law, including fintech, AI, and virtual assets. He is also regularly consulted on matters involving regulatory compliance, government licensing, and legal structuring for both startups and established institutions.

Known for his clarity of thought, legal rigor, and strategic problem-solving, Mr. Basnet is often the first point of contact for international businesses seeking reliable legal insights into Bhutan’s regulatory environment and market entry frameworks. He has advised on complex, high-value transactions, supported cross-border legal negotiations, and provided commercial solutions shaped by both Bhutanese law and the international legal landscape.

FOCUS AREAS & PRACTICE STRENGTHS
 

Corporate Law & Structuring

 

Cross-Border Transactions & Joint Ventures

 

Foreign Direct Investment (FDI) & Regulatory Approvals

 

Commercial Contracts & Technology Law

 

Virtual Asset Service Provider (VASP) and Virtual Digital Assets Services Licensing Regulatory Advisory

 

FinTech & AI Legal Advisory

 

Dispute Resolution & Arbitration

 

Governmental and Institutional Legal Advisory

 

Business Incorporation & Regulatory Compliance

 

Strategic Legal Counsel for Market Entry

SELECTED ENGAGEMENTS

Mr. Basnet has successfully advised on the following high-impact legal matters:

Corporate & Transactional
 

600MW Hydropower Acquisition: Led legal due diligence for a cross-border energy infrastructure acquisition, partnering with an Indian law firm on behalf of a foreign client.

 

Horticulture Sector M&A: Conducted full due diligence for the acquisition of a major Bhutanese agribusiness by U.S. and Finnish investors.

 

Cross-Border Contract Termination: Acted as lead counsel in resolving a commercial dispute between a U.S.-based MNC and its Indian-Bhutanese joint venture.

Regulatory & FDI Matters
 

Top Crypto Exchange Redomiciling: Provided strategic legal advice on jurisdictional redomiciliation of a major global cryptocurrency exchange to Bhutan.

 

FinTech Entry Strategy: Advised a Singapore-headquartered tech MNC on fintech licensing and compliance with Bhutan’s evolving regulatory framework.

 

AI & VASP Licensing: Assisted AI companies and Virtual Asset Service Providers in navigating Bhutan’s ICT and monetary authority regulations.

Tech & Communications
 

Satellite Internet Contracts: Reviewed and revised legal contracts for a major global satellite internet company entering the Bhutanese market.

 

Media & Entertainment Setup: Advised a global mass media conglomerate on establishing a Bhutanese legal presence and navigating cultural regulations.

Institutional Legal Advisory
 

International Financial Institutions: Delivered over 10 regulatory analyses on Bhutan’s business environment, procurement systems, and institutional frameworks.

 

Bhutanese Regulatory Counsel: Offered ongoing legal advisory to foreign missions and development entities on Bhutan’s legal and administrative compliance.

FIRM OVERVIEW – Basnet Attorneys & Law

Basnet Attorneys & Law is a Thimphu-based law firm providing high-level legal services in corporate law, litigation, dispute resolution, commercial strategy, and cross-border legal consulting. The firm is structured for lean execution, timely communication, and legal accuracy in high-stakes matters.
 

EDUCATION & PROFESSIONAL BACKGROUND

Bar Council of Bhutan Certifed (Bar Certified) Attorney

 

Jigme Singye Wangchuck School of Law, Bhutan – LLB & PGDNL

 

White & Case LLP, Washington DC – Legal Internship (Data Privacy & Cybersecurity Laws)

 

Adjunct Faculty, Gedu College of Business Studies – Corporate Law Lecturer
 

Co-founder and Ex Partner, Nubyul Law – A Law firm in Bhutan.

OTHER VENTURES & INITIATIVES

Founder, Global Law Lists.org – A global legal directory for firms across 240+ jurisdictions.

 

Founder, Weblaya.com – A digital platform for project, customer, and knowledge management.

 

Legal Counsel, Special Economic Zone Projects – Legal drafting, company formation, and compliance for FDI-linked zones.

 

Social Impact Legal Projects – Drafted bylaws for Bhutanese communities, Farming Cooperatives, youth organizations, and CSOs.

RECOGNITION & PUBLIC HONORS

National Recognition: Acknowledged by His Majesty the King of Bhutan, Her Highness Princess Sonam Dechan Wangchuck, and the National Council of Bhutan for contributions to national vision and thought leadership.

WORKING PHILOSOPHY

Mr. Basnet believes in a legal practice built on clarity, consistency, and quiet competence. He avoids public overexposure and opts instead for meaningful, trust-based client relationships, rigorous legal research, and timely delivery.

He is not a lawyer for every issue. But for high-stakes transactions, cross-border legal clarity, and precise regulatory strategy in Bhutan, he is among the trusted names.

CONTACT DETAILS

Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +975 17661648
Site: www.basnetl.com
Location: Thimphu, Bhutan