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Norton Rose Fulbright

4TH FLOOR, GATE PRECINCT, BUILDING 3, DUBAI INTERNATIONAL FINANCIAL CENTRE, PO BOX 103747, DUBAI, UNITED ARAB EMIRATES
Tel:
Work +971 4 369 6300
Fax:
Fax +971 4 369 6350
Email:
Web:
https://www.nortonrosefulbright.com

United Arab Emirates

Banking and finance
Banking and finance - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright regularly advises banks and borrowers on project finance transactions. Matthew Escritt advised EFG Hermes as arranger on a syndicated financing of the acquisition of several offshore oil rigs, necessitating a Liberian law ship mortgage. Abu Dhabi-based Paul Mansouri advised the Dubai Electricity and Water Authority (DEWA) on financing the third phase of the Mohammed bin Rashid solar park. Mohammed Paracha is a name to note for shari’ah-compliant transactions. Of counsel Nicholas Robinson is also recommended.

Next generation lawyers

Nicholas Robinson - Norton Rose Fulbright

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Capital markets
Capital markets - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright is a firm ‘clients can always rely on, with very good experience in Islamic structures’. Gregory Man advised the Central Bank of Bahrain on a $1bn Eurobond and $1bn sukuk issuance. Arranger clients include Emirates NBD and Barclays.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbrightprovides accurate and commercially sound advice’ on a range of M&A matters. Key partners in the team include Jane Clayton, John Boehm, the recently promoted Adjou Ait Ben Idir, who has experience in Africa-related deals and is ‘very responsive and commercial’; all three are advising national carrier Saudia on the privatisation of its private jet business. Senior associate Hani Ghattas is also recommended.

Next generation lawyers

Adjou Ait Ben Idir - Norton Rose Fulbright

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Energy and infrastructure
Energy and infrastructure - ranked: tier 4

Norton Rose Fulbright

At Norton Rose Fulbright, the Abu Dhabi-based Paul Mansouri advised DEWA on procurement issues arising from the third phase of the Mohammed bin Rashid solar park. Other mandates involve renewables, water and transport infrastructure projects across the Middle East.

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Investment funds
Investment funds - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright is rated for its ‘very good level of service’. Jane Clayton (who ‘takes a very practical approach and is very transparent and personable’) advises fund sponsors and investors.

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Islamic finance
Islamic finance - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s work in the Islamic finance space covers lending and capital markets matters. Mohammed Paracha advised HSBC as arranger on a $65m commodity murabaha provided to a Turkish clothing retailer. Capital markets expert Gregory Man advised Tenaga National Berhad on its $750m sukuk issuance. Other clients include Emirates NBD.

Leading individuals

Mohammed Paracha - Norton Rose Fulbright

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United Arab Emirates: Dispute resolution

Arbitration and international litigation
Dispute resolution: arbitration and international litigation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright represents key local, regional and global clients in commercial, banking and engineering disputes. Patrick Bourke, who heads the practice, handles cases ranging from commercial through to construction. Also recommended are Paul Stothard, who handles engineering cases, and Orlando Vidal, a former US attorney who handles internal investigations. Deirdre Walker relocated from the London office to head the firm’s Middle East offering. Of counsel Peter Wood is also a name of note.

Leading individuals

Patrick Bourke - Norton Rose Fulbright

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Further information on Norton Rose Fulbright

Please choose from this list to view details of what we say about Norton Rose Fulbright in other jurisdictions.

United Arab Emirates

Offices in Dubai

Australia

Offices in Melbourne, Sydney, Perth, Brisbane, and Canberra

Belgium

Offices in Brussels

Bahrain

Offices in Manama

China

Offices in Beijing and Shanghai

Canada

Offices in Montreal, Ottawa, Quebec, Toronto, Vancouver, and Calgary

Colombia

Offices in Bogota

Germany

Offices in Munich, Frankfurt, and Hamburg

France

Offices in Paris

Ghana

Greece

Offices in Athens and Piraeus

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Myanmar

Morocco

Offices in Casablanca

Malaysia

Netherlands

Offices in Amsterdam

Poland

Offices in Warsaw

Asia Pacific: Regional international arbitration

Russia

Offices in Moscow

South Africa

Offices in Cape Town, Sandton, Durban, and Johannesburg

Singapore

Offices in Singapore

South Korea

Saudi Arabia

Offices in Riyadh

Thailand

Offices in Bangkok

Tunisia

Turkey

Offices in Istanbul

Tanzania

Offices in Dar es Salaam

United States

Offices in Washington DC, San Antonio, New York, Dallas, Austin, Houston, Los Angeles, Washington DC, Minneapolis, Denver, St Louis, Canonsburg, and San Francisco

Venezuela

Offices in Caracas

Legal Developments by:
Norton Rose Fulbright

Legal Developments in United Arab Emirates

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Cautious Optimism on 100 per cent Foreign Ownership

    Recent media reports have suggested that 100 per cent foreign ownership of companies in the UAE will now be permitted. The reports are based on a government press release regarding a UAE Federal Cabinet (Cabinet) meeting held on 20 May 2018.
  • Thoughts on the Extradition Rules under the UAE Laws

    This article assesses the feasibilities and outline of the process of extradition in the UAE. The article also reviews how extradition succeeds through judicial collaboration internationally.
  • Arbitration Article Series V: Challenging an Arbitration

    In this case the losing party will file an annulment case. However, it may be possible to argue that the parties have accepted the tribunal’s jurisdiction, or have waived any right to object, or have lost that right by not objecting at the first opportunity.
  • Investors win Dh84m claim against developer in Dubai

    A Dubai developer has been ordered to pay three men Dh84m after they failed to deliver villas the men had purchased from a housing project near Dubai Land.
  • The Public-Private Partnership Law Review 3rd Edition

    The Philippine chapter of The Public-Private Partnership Law Review 3 rd edition was contributed by SyCipLaw partners Marievic G. Ramos-Añonuevo and Arlene M. Maneja . The chapter includes information on public-private partnerships (PPPs) in the Philippines, including general framework, bidding and award procedure, contractual arrangements, financing, and recent developments and decisions.
  • Arbitration Article Series IV: Enforcing Arbitration Awards

    In this case the losing party will file an annulment case. However, it may be possible to argue that the parties have accepted the tribunal’s jurisdiction, or have waived any right to object, or have lost that right by not objecting at the first opportunity.
  • Arbitration Article Series I: Rise of Arbitration

    The UAE has rapidly emerged as a leading financial centre, attracting large global investors and businesses. As international developers and contractors continue to invest in construction projects, there has been an increasing trend in the use of arbitration in Dubai. The arbitration process is the preferred method to resolve disputes by commercial companies. As the certified language of arbitration proceedings is in English, a specialist tribunal can be appointed as opposed to the more broad UAE courts, and arbitration is generally more cost-effective and less time-consuming. This has led businesses and investors in the UAE to ensure that arbitration clauses or agreements are inserted into their contracts. Furthermore, the downturn in economic conditions in the real estate market over the past few years has led to an increase in disputes in general, and parties are more likely to issue court proceedings than to try to recover their losses through other ventures.
  • Arbitration Article Series II: Appointing Arbitrators

    An arbitrator can be appointed directly by name (this is not the common method used), through the court or through the arbitration centre. If you agree for the court or arbitration centre to appoint an arbitrator you need to make an application. The arbitration provisions of the Civil Procedure Code contain mandatory provisions concerning the appointment of an arbitrator. There must be an odd number of arbitrators, although there is no limit set on the number of arbitrators.
  • Arbitration Article Series III: Terms of References

    Parties wanting to enforce an award under the New York Convention must satisfy the requirements of the UAE Civil Code. In practice, enforcing arbitration awards can be a lengthy and unpredictable process. It is common for the UAE courts to require the foreign award to satisfy the rules and procedures of the UAE, and they may refuse to enforce it if there is a violation of local laws. One potential difficulty arises in convincing the UAE court that it did not have jurisdiction to hear the dispute in the first place (irrespective of the arbitration agreement between the parties). The UAE courts normally have a fairly broad jurisdiction over disputes including, for example, claims connected to money or assets within the UAE and claims arising out of contracts executed or to be performed in the UAE, as well as claims over foreigners who are resident in the UAE. Therefore, it is difficult to prove that the UAE court did not have jurisdiction over the order.
  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.