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Thursday, November 12 - 2009

Freshfields advises Lamprell in Dubai on step-up from AIM to main market in London

  • United Arab Emirates: Wednesday, November 05 - 2008 at 11:43
  • PRESS RELEASE

International law firm Freshfields Bruckhaus Deringer LLP has advised Dubai-based Lamprell plc, a leading provider of specialist engineering services to the international oil and gas industry, on its admission to the London Stock Exchange's main market for listed securities (the Main Market).

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Freshfields previously advised Lamprell on its admission to London's AIM market in October 2006, the first London IPO by a company based in the United Arab Emirates.

It is expected that Lamprell's admission to the Main Market will become effective and that dealings on the Main Market will commence at 8.00am on Thursday 6 November 2008; trading in the Company's ordinary shares on AIM will be cancelled simultaneously.

Freshfields' London team was led by corporate partner Tim Jones with associates Richard Thexton and Peter Mason, along with the Dubai team led by corporate partner Bruce Embley and associate Mohammad Tbaishat.

Speaking about the transaction, Bruce Embley said:
"We are very pleased to have advised Lamprell on its step-up from AIM to the main market. One of the interesting aspects of this project was ensuring the client met its legal responsibilities in both the UK and the UAE, and to this end we were able to draw on the extensive expertise of our capital markets teams in the Middle East, which continues to carry out ground-breaking work in the MENA region."
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Notes and media contacts

About Freshfields Bruckhaus Deringer LLP:

Freshfields Bruckhaus Deringer LLP is an integrated international law firm and operates from 28 offices in 16 countries, including all the main financial centres of the world. Our 2,500 plus lawyers provide unrivalled technical and commercial advice to the world's leading national and multinational corporations, financial institutions and governments, helping them deal with their most challenging and complex business issues and transactions.

Freshfields' 20-person strong corporate team in the Middle East and North Africa (MENA) has extensive capital markets expertise, both in respect of the Dubai International Financial Exchange (DIFX) and other MENA listings. The firm advised on the first DIFX listing, and the first listing by a UAE-based company on the London Stock Exchange, in addition to a number of other high profile local listings. Freshfields acts on some of the most high profile matters in the MENA region for a wide range of clients, including regional state government entities, international financial institutions and international and domestic corporations, across a range of industry sectors and Middle East jurisdictions.

For more information contact:

Sophie McCourt
PR executive
Freshfields Bruckhaus Deringer
T +44 20 7427 3902

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