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Latham & Watkins LLP

DUBAI INTERNATIONAL FINANCIAL CENTRE, PRECINCT BUILDING 1, LEVEL 3, PO BOX 506698, DUBAI, UNITED ARAB EMIRATES
Tel:
Work +971 4 704 6300
Fax:
Fax +971 4 704 6499
Web:
www.lw.com

United Arab Emirates

Banking and finance
Banking and finance - ranked: tier 4

Latham & Watkins LLP

Latham & Watkins LLP advises borrowers and sponsors on a range of project finance mandates. Villiers Terblanche advised Utico FZC, the sponsor of a water facility in Ras al-Khaimah, on a $150m project financing.

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Capital markets
Capital markets - ranked: tier 3

Latham & Watkins LLP

Latham & Watkins LLP’s team in Dubai regularly works closely with its offices in London and New York to advise on significant equity capital markets matters. Nomaan Raja advised the managers on Noor Bank’s $500m sukuk issuance, while Harj Rai advised Riyad Capital as sponsor of Saudi International Petroleum Company’s SAR1bn mudaraba sukuk. Lee Irvine is a key counsel.

Leading individuals

Nomaan Raja - Latham & Watkins LLP

Next generation lawyers

Lee Irvine - Latham & Watkins LLP

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

Latham & Watkins LLP

Latham & Watkins LLP handles a range of cross-border deals. Villiers Terblanche and new partner Brian Meenagh advised the UAE Banks Foundation on forming a new mobile banking joint venture, while Nomaan Raja advised Standard Chartered Private Equity on the sale of its minority stake in Souq.com to Amazon. Christopher Lester advised BayWa on a joint venture with Al Dahra Group to create an agribusiness in Abu Dhabi.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 3

Latham & Watkins LLP

Latham & Watkins LLP advises lenders, sponsors and bidders in sectors including conventional energy. Villiers Terblanche and senior associate Derek McKinley advised Utico, the sponsor, on a $150m facility to finance a water plant in Ras al-Khaimah. Terblanche also advised Harbin Electric as preferred bidder on the development of the 1.2GW Hassayan coal-fired power station.

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Islamic finance
Islamic finance - ranked: tier 3

Latham & Watkins LLP

At Latham & Watkins LLP, Harj Rai, working with the firm’s offices in London and Washington DC, advised the Saudi government on a $9bn trust certificate programme.

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TMT
TMT - ranked: tier 3

Latham & Watkins LLP

Latham & Watkins LLP’s TMT practice covers matters including fintech and outsourcing. Brian Meenagh and Villiers Terblanche advised the UAE Banks Federation on the creation of a joint venture mobile wallet banking platform. Meenagh also acted alongside Sami Al-Louzi for noon.com on the development of a new e-commerce platform.

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Further information on Latham & Watkins LLP

Please choose from this list to view details of what we say about Latham & Watkins LLP in other jurisdictions.

United Arab Emirates

Offices in Dubai

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Germany

Offices in Hamburg, Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan and Rome

Japan

Offices in Tokyo

London

Offices in London

Myanmar

Malaysia

Philippines

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Saudi Arabia

Offices in Riyadh

United States

Offices in Chicago, Washington DC, Silicon Valley, Orange County, Newark, New York, San Diego, San Francisco, Los Angeles, Houston, Boston, and Century City

Vietnam

Legal Developments in United Arab Emirates

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Long Term Residency Visas

    After much media coverage, Cabinet Decision 56 of 2018 (the Decision ) has been gazetted which introduces new long term residency visas to, amongst others, four categories of persons in the UAE. 
  • Significant Changes to Civil Procedure Code

    Significant changes to Federal Law No 11 of 1992 (the Civil Procedure Code ) will soon be coming into effect. These changes are introduced through regulations (the Regulations ) issued under the Civil Procedure Code and will come into effect on 16 February 2019.
  • Merger Clearance Matters

    The United Arab Emirates (the UAE ) promulgated legislation to specifically address the regulation of competition (being Federal Law 4 of 2012, or the Competition Law ) several years ago but until recently, it has been the case that the requisite implementing regulations and processes were not in place. This is no longer the case. Not only have the much anticipated implementing regulations been issued, the UAE Ministry of Economy (the Ministry ) (being the regulator in charge of administering the UAE competition regime) has now formed the required committee and issued the anticipated guidance and forms to allow concerned parties to make merger clearance submissions to the Ministry where required to do so pursuant to the Competition Law. 
  • New Promotion Regime for Domestic Funds

    In late November 2018, the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) announced that they had reached agreement on facilitating the licensing of domestic funds by each authority for promotion across the UAE. 
  • Federal Penal Code Amendments

    In the latest development in an eventful year, Federal Decree-Law 24 of 2018 introduces amendments to the Federal Penal Code, originally enacted as Federal Law 3 of 1987. 
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Get 100% Foreign Ownership Today in Dubai

    Freezones have always been the topic of discussion in the U.A.E. Amongst the various benefits, 100% foreign ownership is one of the advantages which is enjoyed the most by investors in these freezone companies. In the below article, our Company Setup Specialist, Neelesh Pillai talks about everything that you need to know about setting up a Freezone branch in Mainland.
  • Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

    Before the approval of the UAE Federal Decree Law No. 9 of 2016 (the “Bankruptcy Law”) by the UAE Cabinet on 4 September 2016, the bankruptcy proceedings were regulated under the Commercial Code and were limited to court-driven proceeding addressed to liquidate companies rather than assist in restructuring their debts. This new law puts some light on the regulation on how companies should deal with their financial issues. In below article, our Associate from the Dispute Resolution department, Ahmed Salih talks about the bankruptcy proceedings and the preventive measures in the UAE. With over 10 years of experience in the UAE and Sudan , Litigator Ahmed Salih specializes in Commercial Law, Corporate Law, Civil Claims, Labour Disputes, Shari'a Law, personal status cases, Real Estate Claims, and Bankruptcy.
  • Time-bars, time limits and deadlines for legal cases under UAE law

    Under UAE civil law – like in other civil law systems – not all time-bars are mentioned and dealt with in one particular statue. Our Partner, Alessandro Tricoli , and Senior Associate, Shehab Mamdouh explains the different time bars, time limits and deadlines for legal cases under UAE law.