Norton Rose and A&O among 13 firms named on Qatari Diar's debut panel
Middle East real estate company Qatari Diar Real Estate Investment Company has appointed 13 law firms its first ever legal panel, with a raft of UK firms winning roles. The line-up, selected from 46 firms invited to tender, includes Norton Rose, Allen & Overy (A&O), Ashurst, Herbert Smith, Simmons & Simmons, Eversheds and Nabarro.
March 22, 2012 at 08:08 AM
2 minute read
Middle East real estate company Qatari Diar Real Estate Investment Company has appointed 13 law firms its first-ever legal panel, with a raft of UK firms winning roles.
The line-up, selected from 46 firms invited to tender, includes Norton Rose, Allen & Overy (A&O), Ashurst, Herbert Smith, Simmons & Simmons, Eversheds and Nabarro, as well as US firm Latham & Watkins, with all of the firms appointed for a three-year period starting on 1 April.
The company has split the work across six panels covering hotels, construction, finance, corporate, UK projects and international resources. No firm has been appointed to more than three panels.
A&O has been appointed to Qatari Diar's finance, corporate and international panels, while Norton Rose has been appointed to the international and finance roster and Nabarro to the UK projects and corporate line-up. Simmons has been appointed to the infrastructure and corporate panels. Like A&O Herbert Smith has also been appointed to three panels: construction; property finance and UK projects.
Other firms to have advised Qatari Diar in the past have included Clifford Chance, Hogan Lovells and Berwin Leighton Paisner.
Commenting on the panel appointments, Qatari Diar group chief executive Mohammed bin Ali Al Hedfa said: "Having prior knowledge and experience of Qatar and the Gulf Cooperation Council as well as the sectors and other regions we work in were essential in the selection of firms and is crucial to Qatari Diar's vision of making a positive impact and improving the quality of lives in the communities we are serving."
Qatari Diar focuses on sustainable real estate developments and was launched six years ago. It is owned by state-founded Qatar Investment Authority and has around 49 projects under development or planning in 29 countries across the Americas, Europe, Asia and the Middle East, with a combined value of around $35bn (£22bn).
Legal Week reported in December that Qatari Diar was set to appoint its first legal panel, with those invited to apply submitting tender documents by mid-January.
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