• HSBC

Clifford Chance expands its Islamic Finance Practice in the Gulf region with the relocation of a senior lawyer

  • United Arab Emirates: Wednesday, April 19 - 2006 at 11:24
  • PRESS RELEASE

Qudeer Latif, a senior associate from the London office of Clifford Chance transferred to the Finance and Banking Practice Group of the Dubai office on the 2nd April 2006.

Qudeer has extensive experience in structured and project finance with particular expertise in Islamic finance.

The Finance and Banking Practice group of Clifford Chance Dubai is recognised as one of the leading practices in the Region, led by partners Robin Abraham and Malcolm Turner.

The Firm has been at the forefront of ground breaking and high value Islamic finance transactions within the Gulf, in the last two years alone advising on the US$2.35 billion Islamic financing for Etihad-Etislat (and its recent refinancing), the USD 3.5 billion sukuk for Dubai Ports and Free Zone Corporation (PCFC), the US$600 million Islamic tranche of the US$5.8 billion debt financing for Rabigh Refinery and Petrochemical Company amongst many others.

Qudeer advised on the PCFC and Rabigh deals whilst based in the London office, and worked closely with his colleagues in Dubai on both transactions.

Dubai managing partner Graham Lovett commented:

"As Islamic Finance products become ever more popular and complex, clients expect to have access to advice on the ground, both in terms of the suitability and structuring of products, and the way in which they can be made Islamically compliant. We can meet those needs and will be continuing to expand by recruiting the highest quality lawyers to meet demand. Qudeer's move to the region to complement our Finance team is a demonstration of our strategy to have a top quality capability in all areas of our finance practice."
 
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Notes and Media Contacts »

1. Finance: The firm has the world's largest international Finance practice with 680 partners and lawyers located in major financial and commercial centres worldwide. The practice provides advice across the full spectrum of financial products including bank lending, acquisition finance, asset finance derivatives, project finance, Islamic finance, restructuring and insolvency and structured finance.

2. Clifford Chance is the first firm to bring together lawyers in Europe, the Americas , Asia and the Middle East to advise on national and international regulatory issues and the relationship between regulatory systems. It acts for all the world's leading investment and commercial banks across all major jurisdictions as well as many corporate businesses. The practice also advises regulatory authorities, supranational bodies, governments and government agencies.

3. Clifford Chance Limited Liability Partnership is the first fully integrated global law firm, with 28 offices in 19 countries. The firm aims to provide seamless global services to the world's leading financial institutions and multinational businesses.

4. Unrivalled in its international resources, Clifford Chance has over 3,300 legal advisers and is organised around six global practice areas: capital markets; corporate (including M&A); finance; litigation and dispute resolution; real estate; and tax, pensions and employment law.

5. Clifford Chance's 46 lawyer Dubai office is fully integrated into the firm's worldwide network of offices.

6. The firm celebrated its 30th anniversary in the Middle East in 2005, having opened its first office in the region in Sharjah in 1975.

7. Clifford Chance is registered with the DFSA.

For further information about this release contact Audrey McCaig on +971 (0) 4 362 0627 (direct line) or +971 (0) 50 625 5627 and for information on our Banking and Finance Practice contact Robin Abraham or Malcolm Turner on +971 (0) 4 362 0444

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