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International Edition

Middle East and India: Standing guard

As hopes of market liberalisation build, international law firms are already making a major play for Indian business, using a range of tactics to win the jealously-guarded prize
10 minute read

International Edition

Middle East and India: Shifting sands

With high levels of liquidity in the marketplace, investors within Saudi Arabia have the resources and an increasing desire to break away from their traditional oil-based industries to a more diversified portfolio. For many years their only option was to invest overseas but, increasingly, Saudi Arabian investors are looking for domestic investment opportunities. Sectors of particular interest and growth include banking, telecommunications and the media.
7 minute read

International Edition

Middle East and India: Aiming for India

There is no doubt that the Alternative Investment Market (AIM) is, on the face of it, an attractive proposition for Indian companies seeking to access foreign capital markets. In the last year 11 Indian or India-focused companies have raised over £1bn on AIM and, if anecdotal evidence is to be believed, more than 20 Indian companies will float on London's junior exchange in 2007, jointly generating £2.5bn.
7 minute read

International Edition

Middle East and India: The specifics of logistics

Creating a legal and regulatory system from scratch is one of the greatest challenges a lawyer can face - and one that is essential in the process of creating a legal free zone that operates effectively.
4 minute read

International Edition

CC, Dentons lead on landmark $2.5bn Islamic bond creation

Clifford Chance (CC) and Denton Wilde Sapte have advised on a landmark $2.5bn (£1.3bn) financing for Abu Dhabi-listed Aldar Properties, which sees the creation of the first Islamic convertible bond. CC advised new client, Abu Dhabi real estate development company Aldar Properties on the issue of convertible 'sukuk certificates', fielding a team under Dubai-based capital markets partner Debashis Dey. Capital markets partner Tim Morris led the London team structuring the convertible element of the issue.
2 minute read

International Edition

Clyde & Co pinches Salt for Qatar launch

Clyde & Co has opened an office in Qatar after the hire of a consultant from City rival Simmons & Simmons. David Salt rejoins Clyde & Co, where he was previously a partner, to head up the new office, which is set to open later this month. He has advised on corporate and banking matters for the Qatari Government and has also acted for several public and private companies in the region. He recently advised Qatar-incorporated Mannai Corporation on the first Qatari debt for equity swap.
2 minute read

International Edition

White & Case, Trowers face Saudi allies split

White & Case is in crisis talks with Saudi alliance partner Mohammed Al-Sheikh while Trowers & Hamlins' Saudi tie-up has split, as pressure on international firms to secure local law capability in Saudi Arabia intensifies. White & Case is in 11th-hour talks to persuade Al-Sheikh to stay allied to the firm, with a decision expected in about a fortnight.
2 minute read

International Edition

CC, Links lead on record Dubai debt programme

Clifford Chance and Linklaters have advised on a $5bn (£2.55bn) debt issuance programme in Dubai - the largest such programme in the Middle East and the first to be listed exclusively on the Dubai International Financial Exchange (DIFX). CC advised Dubai Holding Commercial Operations Group on the establishment of the $5bn programme, fielding a team led by Dubai capital markets partner Debashis Dey.
2 minute read

International Edition

Kirkland's City arm lands record African LBO

Kirkland & Ellis has bagged a key role advising Bain Capital on its $3.5bn (£1.7bn) acquisition of African retailer Edgars Consolidated Stores - the largest leveraged buy-out seen on the continent to date. Kirkland acted for regular client Bain, fielding a City-based team including corporate partners James Learner and Christopher Field, finance partners Stephen Gillespie and Neel Sachdev and tax partner Ian Taplin.
1 minute read

International Edition

Ashurst raids Norton Rose for projects partner Inglis

Ashurst has strengthened its Middle East projects capability with the hire of Norton Rose projects partner John Inglis. Inglis, the London-based head of Norton Rose's Middle East energy project finance group, has resigned from the City firm and is set to join Ashurst as a partner.
2 minute read

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