We advise domestic and international banks, financial institutions, borrowers and investors on a range of matters including, structured finance, capital markets, investment products, acquisition finance, Islamic financing, litigation, insurance, reinsurance, asset finance, corporate structuring and re-structuring, consumer products, treasury products and transactions.
We are one of the few firms that understand the nuances of advising on local and regional law. In addition, we are highly valued for our capability in cross border banking transactions in the GCC. Our hands-on approach and practical advice have won us the loyalty of our clients.
We are the author of the opinions relied upon by the International Securities Lending Association on the enforceability under UAE law of the standard financial agreements developed by ISLA and used by its members, including the multiple versions of the Global Master Repurchase Agreement, the Global Master Securities Lending Agreement, the Overseas Securities Lender’s Agreement and the Master Gilt Edged Stock Lending Agreement. The firm has rendered these opinions to the financial services industry each year for the past 15 years.
We also provide bespoke advice to leading international and local banks on use of the ISLA agreements in connection with specific transactions, and transactions that employ similar standard financial agreements developed by the Securities Industry and Financial Markets Association (SIFMA).
Our knowledge of the UAE banking regulation has made us a pioneer in the UAE market. Our partners have an in-depth understanding of and extensive experience in the overall regulatory framework, as well as the statutes and regulations that govern the banking sector.
Advising the lender in connection with a AED 110 million non-recourse term loan facility to part-finance the development, construction and operation of a Refuse Derived Fuel facility in the Emirate of Umm Al Quwain. This was a PPP project and the first waste-to-energy project to be implemented in the UAE.
Advising the borrower in a AED 2.5 billion refinancing of existing facilities and acquisition of shares in three companies. The financing was used to develop and upgrade a number of prominent hotels in the UAE.
Advising the borrower, a subsidiary of a major airline, on a USD 48 million refinancing of flight simulators through sale and leaseback structure.
Advising a syndicate of banks on a EUR 595 million facility. We acted as UAE counsel to the lenders involving multiple jurisdictions.
Advising a syndicate of five GCC banks on the restructuring of dual tranche, consisting of a term loan and a Murabaha facility, and on equity financing from a private equity firm based in Abu Dhabi.
Advising the lender on a USD 50 million multi tranche asset finance facility to a prominent shipping company, to finance the construction and acquisition of four vessels.
Advising a syndicate of banks on AED 290 million dual-tranche facilities (Term Loan and Master Istisna’a / Master Ijara) to finance the building of a new hospital and medical university.
Advising a syndicate of banks on a USD 75 million and AED 55 million dual-tranche facilities (Term Loan and Master Sukuk Murabaha) to finance the construction of a PTP plant in Belgium.
Advising Sharjah Islamic Bank (SIB) in connection with the issuance of AED 266 million Convertible Sukuk-Al Wakala certificates and the subsequent conversion of the Sukuk certificates into the ordinary share capital of SIB.
Advising Sharjah Cement and Industrial Development Co. PJSC (SCID) in connection with the issuance of AED 55 million Convertible Sukuk-Al Murabaha certificates and the subsequent conversion of the Sukuk certificates into the ordinary share capital of SCID.
Advising a number of client entities (based in the GCC and South East Asia) in connection with an AED 500 million multicurrency (AED and USD) dual-tranche conventional and Islamic facilities (based on the Master Murabaha structure) from a syndicate of seven banks led by the National Bank of Fujairah PJSC.
Advising the lenders on the AED 300 million dual tranche conventional and Islamic facilities to the Fujairah National Group (including a AED 100 million Musharaka Islamic facility).
Advising a syndicate of banks on the restructuring of AED 295 million dual-tranche facilities (Term Loan and Ijara) to three UAE companies.
Advising a UAE Bank in respect of conventional term loan facility and an Islamic facility to finance the construction and expansion of three hospitals in the Emirate of Abu Dhabi.
Advising a local bank in a syndicated loan transaction that is structured partly as a conventional facility and partly as an Islamic Murabaha facility for establishment and operation of fitness centers in multiple jurisdictions in the Middle East in which the security was perfected in five jurisdictions.