Herbert Smith Freehills Latest Big Firm to Close Mideast Outpost
Herbert Smith Freehills is poised to become the latest Global 100 firm to consolidate its operations in the Middle East,…
Legal
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HFW advises Stanford Marine on AED1.2 billion refinancing
The murabaha-structured facility which was arranged for Stanford Asia Holding Company, an offshore vessel operator, was backed by a syndicate…
Dentons advises Bank Sohar and QNB on Dalma's US$77.5 million syndicated loan
Dentons advised Bank Sohar as agent bank on a US$77.5 million syndicated facility to Dalma Energy International. Both Bank Sohar…
Alleged Hezbollah-linked banker may relinquish post to son
Kassem Hejeij, accused by the United States of links to Hezbollah, may consider resigning as chairman of Middle East Africa…
Bonds and sukuk issuances under the new UAE Commercial Companies Law
The long anticipated UAE Federal Commercial Companies Law no. 2 of 2015 (the “New Companies Law”) was issued on 25…
EY: Nearly half of MENA businesses do not have an anti-bribery or anti-corruption policy
The survey, which polled 3,800 employees of large businesses in 38 countries (400 in MENA, including Saudi Arabia, UAE, Oman…
Largest law firm in the Middle East expands partnership
Al Tamimi & Company, the largest law firm in the Middle East, has confirmed the appointment of four lawyers to…
Kafa’a seeking to enhance financial sector standards
The Qatar Finance and Business Academy has launched the Kafa’a initiative to elevate and advance Qatar’s financial services sector. …
Saudi billionaire facing expensive UK divorce
A Saudi billionaire is facing what could be one of the UK’s most expensive divorce claims. The Daily Mail…
Corruption Allegations at Turkish Islamic Bank – CEO Resigns
Following allegations of corruption published on a Turkish finance website, Derya Gürerk, the CEO of Türkiye Finans Participation Bank, resigned…
UK judge dismisses claim by jailed former Leeds Utd boss against GFH exes
An application lodged by David Haigh to have two senior executives of Dubai's GFH Capital arrested has been dismissed by…
Clifford Chance advising Citi on the sale of its consumer banking business in Egypt
Clifford Chance is advising Citi on the sale of its consumer banking business in Egypt. Citi entered into an…