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Hatem Abbas Ghazzawi & Co. is one of the leading Saudi Arabian law firms with an international dimension. The firm’s greatest strength is their team of litigators. The majority of the lawyers are Saudi nationals, as opposed to expatriates. The resulting low staff turnover has led to a team experienced in Saudi Arabian law and the practice of institutions, such as the Saudi Arabian Monetary Agency, the Public Investment Fund, and the Saudi Industrial Development Fund.
Experienced as Local Counsel
As an independent firm, a major part of the firm’s practice is to act as local counsel on the instructions of international law firms, which include Allen & Overy, Ashurst, Cleary Gottlieb Steen & Hamilton, Clifford Chance, Davis Polk & Wardwell, Latham & Watkins, Linklaters, Milbank Tweed Hadley & McCloy, Shearman & Sterling, Skadden Arps, Simpson Thacher & Bartlett, and Slaughter & May.
Hatem Abbas Ghazzawi & Co. is experienced in the following legal practice areas:
- Banking and Finance
- Capital Markets
- Dispute Resolution
- Government Contracts
- Mergers and Acquisitions
- Projects and Energy
The authoritative Chambers Global Guide, European Legal 500 and IFLR 1000 have recommended Hatem Abbas Ghazzawi & Co. in all their categories, making the firm the highest-ranking independent law firm in Saudi Arabia, and the third-highest ranking Saudi Arabian law firm overall.
Chambers Global Guide (2016 edition) observes that “Their service is second to none, with responses to queries on a 24/7 basis, even whilst on holiday. Full value for money”
The European Legal 500 (2015 edition) states “Hatem Abbas Ghazzawi & Co. receives ‘high marks on all factors’”
A client in the IFLR 1000 (2015 edition) declared the firm to be“smart, responsive and thoughtful. Absolutely our go-to firm in the Kingdom, as they have been for over 15 years”
- Providing expert evidence on Saudi Arabian law to SAMBA Financial Group, in its application for a stay of English High Court proceedings brought by the liquidators of Saad Investments Company, in connection with a claim for US$318 million.
- Continuing to advise Dow and Sadara Chemical Company in connection with its joint venture with Saudi Aramco for the development, financing and construction of a petrochemicals complex in Jubail; for example, in connection with the recent (March 2016) capital increase of SAR 2 billion. The firm additionally advised Sadara and Dow on several loan facilities that were to be provided, insured or guaranteed by several ECAs. The ECA financing included a US$4.975 billion direct loan to Sadara from the Export-Import Bank of the United States (US Ex-Im Bank), which is the largest loan approved by US Ex-Im Bank to date.
- Acting as Saudi counsel to the group of lenders, which include JBIC, Saudi Public Investment Fund, Citibank, Samba Financial Group, the Saudi British Bank, HSBC, Mizuho, SMBC, Bank of Tokyo-Mitsubishi, APICORP and National Commercial Bank, in relation to the US$8 billion financing of the expansion of the Petro Rabigh–integrated project, which once completed will form one of the largest refining and petrochemical complexes ever built.
- Advising National Commercial Bank on the private placement of a number of Tier I Sukuk issuances, valued at SAR 1 billion, SAR 2 billion and SAR 2.7 billion respectively, and one of which was the first Basle III compliant Tier I capital transaction to be issued by a Saudi Arabian Bank. Groundbreaking advice was provided on banking regulations, insolvency procedures, companies regulation and SAMA directives which prior to the transaction had not been previously tested in that way.