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Hogan Lovells (Middle East) LLP


United Arab Emirates

Banking and finance
Banking and finance - ranked: tier 2

Hogan Lovells (Middle East) LLP

Hogan Lovells (Middle East) LLP's Rustum Shah and senior associate Ahmet Kalafat (who is dual-qualified in both England and Turkey) advised a syndicate of banks including Mashreq Bank and Commerzbank on an $87m and €57m term loan to Burgan Bank's Turkish operations. In a construction finance deal, Shah also advised Dubai Islamic Bank on an AED907m ijara-structured financing of the Construction Workers Residential City project. Rahail Ali has Islamic finance expertise, such as advising banks including Arab Banking Corporation, Emirates NBD Capital and Standard Chartered on a $245m and €60m syndicated murabaha lent to Albaraka Turk Katilim Bankasi. Borrower work includes Anthony Pallett assisting Unatrac Holding with borrowing $275m from Barclays and JPMorgan, and in a separate deal advising Averda on borrowing $120m in its debut syndicated financing, which features both conventional and ijara tranches. Other work concerns sovereign debt. The team is based in Dubai.

Leading individuals

Anthony Pallett - Hogan Lovells (Middle East) LLP

Next Generation Partners

Ahmet Kalafat - Hogan Lovells (Middle East) LLP

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Capital markets
Capital markets - ranked: tier 4

Hogan Lovells (Middle East) LLP

Hogan Lovells (Middle East) LLP  has expertise in sukuk, advising multilateral financial institutions on sovereign issuances, among other matters. Rahail Ali is the firm's global head of Islamic finance, with Imran Mufti also a key contact. Clients include the IFC, the Islamic Corporation for the Development of the Private Sector and the government of the Ivory Coast.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Hogan Lovells (Middle East) LLP

Hogan Lovells (Middle East) LLP's Imtiaz Shah's recent work includes handling a range of deals concerning buy-outs of joint venture partners, such as advising Jimmy Choo on forming a joint venture with Al Tayer Group, which previously acted as its distributor. Another area of his expertise is banking deals in Afghanistan - he assisted IFC with purchasing a minority stake in Afghanistan International Bank from companies incorporated in Delaware and the Cayman Islands. Charles Fuller advises Mumtalakat as the new owner of McLaren, and also has expertise in energy sector deals. Other clients include Oracle, which Shah assisted with the due diligence aspects in Saudi Arabia and the UAE of its purchase of Aconex in a deal managed by the firm's Menlo Park and Perth offices. Education is another sector strength.

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Construction
Construction - ranked: tier 3

Hogan Lovells (Middle East) LLP

At Hogan Lovells (Middle East) LLP, Nabeel Ikram handles non-contentious work, as well as disputes concerning alleged non-payments, extensions of time and final account disputes. Christopher Cross handles non-contentious work, including advising King's College Hospital on creating hospitals in Dubai and Abu Dhabi.

Leading individuals

Nabeel Ikram - Hogan Lovells (Middle East) LLP

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Dispute resolution: arbitration and international litigation
Dispute resolution: arbitration and international litigation - ranked: tier 5

Hogan Lovells (Middle East) LLP

Alongside his construction practice, Hogan Lovells (Middle East) LLP's Nabeel Ikram handles DIFC and ADGM court cases on issues such as franchising, finance and hotel management agreements.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 3

Hogan Lovells (Middle East) LLP

At Hogan Lovells (Middle East) LLP, Sohail Barkatali advised the lenders to the Al Fanar Consortium on a bid for a concentrated solar project. Christopher Cross handles work on public-private partnerships and procurement contracts, some of which are for government-related clients.

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Islamic finance
Islamic finance - ranked: tier 1

Hogan Lovells (Middle East) LLP

At Hogan Lovells (Middle East) LLP, Rahail Ali advised the mandated lead arrangers and bookrunners on a dual-currency syndicated murabaha lent to Albaraka Türk; senior associate Ahmet Kalafat, who is active in a number of Turkey-related matters, was also involved in this deal. Rustum Shah's practice includes project-related deals such as assisting Dubai Islamic Bank with the financing of Construction Workers Residential City. Anthony Pallett advised Omniyat on borrowing funds to be used to develop a new Dorchester-branded hotel in Dubai. On the capital markets side, Imran Mufti is active on sukuk, including work for sovereign issuers.

Leading individuals

Rahail Ali - Hogan Lovells (Middle East) LLP

Next Generation Partners

Ahmet Kalafat - Hogan Lovells (Middle East) LLP

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Further information on Hogan Lovells US LLP

Please choose from this list to view details of what we say about Hogan Lovells US LLP in other jurisdictions.

United Arab Emirates

Offices in Dubai

Australia

Offices in Sydney and Perth

Belgium

Offices in Brussels

China

Offices in Beijing, Beijing, and Shanghai

Croatia

Offices in Zagreb

Germany

Offices in Dusseldorf, Frankfurt, Munich, and Hamburg

Spain

Offices in Madrid and Alicante

France

Offices in Paris and Paris

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

Indonesia

Offices in Jakarta

Latin America: International firms

India

Italy

Offices in Milan and Rome

Japan

Offices in Tokyo

Kuwait

London

Offices in London

Luxembourg

Offices in Luxembourg

Mexico

Offices in Mexico City and Monterrey

Netherlands

Offices in Amsterdam

Philippines

Poland

Offices in Warsaw

Asia Pacific: Regional International Arbitration

Russia

Offices in Moscow

South Africa

Offices in Johannesburg

Singapore

Offices in Singapore

United States

Offices in Los Angeles, Northern Virginia, Denver, Colorado Springs, Baltimore, Washington DC, Miami, New York, Houston, Philadelphia, San Francisco, Silicon Valley, Louisville, Minneapolis, and Boston

Vietnam

Offices in Ho Chi Minh City and Hanoi

Legal Developments by:
Hogan Lovells US LLP

  • Hong Kong Enacts Competition Law

    After years of debate, on 14 June 2012 and in its last days of office, the Legislative Council finally enacted Hong Kong’s first cross- sector competition law.
    - Hogan Lovells

Legal Developments in United Arab Emirates

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Regulatory Authorities of UAE Economic Substance Regulations announced

    Further to our previous inBrief dated 7 July 2019, which disucssed UAE Cabinet Resolution 31 of 2019 Concerning Economic Substance Regulations (the UAE Economic Substance Regulations or the Regulations), and inBrief dated 10 October 2019, which discussed the Guidance on UAE Economic Substance Regulations issued by the UAE Ministry of Finance, Cabinet Decision No. 58 of 2019 has now designated the regulatory authorities (the Regulatory Authorities) to regulate compliance with the UAE Economic Substance Regulations. 
  • Emirates Development Bank appointed to maintain Register of Finance Leases

    Pursuant to UAE Federal Cabinet Resolution No. 56 of 2019, Emirates Development Bank has been appointed to maintain the register of finance lease contracts created pursuant to UAE Federal Law No. 8 of 2018 on Finance Lease (the Finance Lease Law or the Law). 
  • UAE Ministry of Finance Issues Guidance on Economic Substance Regulations

    A previous inBrief dated 7 July 2019 discussed UAE Cabinet Resolution 31 of 2019 Concerning Economic Substance Regulations (the UAE Economic Substance Regulations or the Regulations).
  • Gulf Tanker Attacks: Implications on Costs

    Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the Iraq-Iran War in the 1980s, oil terminals and tankers were under severe attacks, which directly affected the economies of both nations, in addition to the safety of maritime traffic.
  • Funding Your Start-Up In The UAE

    Funding options for start-ups in the UAE are on the rise. Traditionally, most start-ups in the UAE have tended to be bootstrapped or financed by conventional lenders such as banks and financial institutions. However, over the last few years, business incubators and accelerators have flourished in the UAE, creating a conducive and cost-effective environment for entrepreneurship in the UAE. This has led to a gradual upsurge in activities in the angel investment, crowdfunding, private equity, and venture capital space. Notably, the technology space has seen a boost as the UAE government has announced various initiatives for entrepreneurs and has been actively promoting the fintech space.
  • UPDATE: Medical Liability Law in the UAE

    Doctors in the UAE face considerable legal risk when treating patients. Thus, it’s important for casualties as well as medical practitioners to know their rights and get their cases evaluated by legal experts.
  • The New DIFC Employment Law- What Has Changed?

    DIFC Employment Law no. 2 of 2019 (“New Law ”) has recently been enacted which repeals and replaces the DIFC Law no. 4/2005 as amended by DIFC Law no. 3 of 2012 (“Previous Law ”). There has been an ongoing debate about the implemented changes introduced by the New Law. Some changes have been enacted to protect the employers, such as the limitation of liability period of 6 months and the provisions which allow employees to waive their rights under the New Law subject to agreements put in writing. Other changes have been enacted to protect the employees, such as provisions for non-discrimination and non-victimization, the penalties imposed by the DIFC for employer’s non-compliance, and forbidding the employer to retain the employee’s original passport (although the latter was always the legal position in the UAE).
  • UPDATE: New DIFC Wills and Probate Rules

    The DIFC Wills and Probate Registry (WPR) has been established as an official mechanism for non-Muslims to register their wills and have it enforced through the DIFC Courts. Previously there was a lot of uncertainty with regards to the registration of wills of non-Muslims since Shari’a principles govern inheritance throughout the UAE. If an expatriate living in the UAE dies without having a will in place, Shari’a principles will most likely apply, and family members may be forced into an heirship regime without fully understanding the consequences. The best way to ensure certainty over your assets upon death is to register a will with the DIFC WPR. Although the Registry has its own complex rules and laws that would be applicable, it provides a relative freedom of disposition of assets upon death. The DIFC WPR has gone through a number of changes since its establishment in 2015 and has consistently strived to better protect testators and their assets. The DIFC WPR’s jurisdiction has now officially expanded to include assets outside of Dubai.
  • Right of Set off under the UAE Civil Transaction Law No. 5 of 1985 and the view from the DIFC

    In a 2018 judgment the DIFC, discussed and decided upon the concept of set-off under the UAE Civil Transaction Law No. 5 of 1985 (the “Civil Code”).
  • DO FIDIC RULE APPLY IN CONSTRUCTION CONTRACTS IN UAE?

    Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC.