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Shearman & Sterling LLP

ETIHAD TOWERS, OFFICE TOWER 3, 21ST FLOOR, CORNICHE ROAD, PO BOX 2948, ABU DHABI, UNITED ARAB EMIRATES
Tel:
Work +971 2 410 8100
Fax:
Fax +971 2 626 8933
Web:
www.shearman.com

United Arab Emirates

Banking and finance
Banking and finance - ranked: tier 3

Shearman & Sterling LLP

Shearman & Sterling LLP regularly works with its London and Singapore offices to handle large cross-border multi-sourced project financings. Mubadala Development Company, Acwa Power and Emirates Global Aluminium are key clients. Robin Bayley and Iain Elder are recommended.

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

Shearman & Sterling LLP

Shearman & Sterling LLP handles M&A and regulatory work, with the practice being particularly active in the energy sector and for governmental clients. Equity capital markets (ECM) specialist Marwan Elaraby advised First Stables Investment on its acquisition of an equity stake in Marsa Al Seef and is assisting Qalaa Holdings in a complex swap of assets with a co-investor. The team has steadily expanded its platform, opening a Dubai office in September 2015 and relocating Matthew Powell to Abu Dhabi from the London office in September 2016. James Comyn joined Andrews Kurth Kenyon LLP in London.

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Construction
Construction - ranked: tier 3

Shearman & Sterling LLP

Shearman & Sterling LLP’s construction practice is led by Abu Dhabi-based Alex Bevan, who is particularly experienced in handling multimillion-dollar infrastructure and energy disputes. He is representing an energy company in a dispute with a contractor pertaining to delays in the completion of offshore facilities. Iain Elder is a key contact for non-contentious matters.

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Dispute resolution
Dispute resolution - ranked: tier 5

Shearman & Sterling LLP

Shearman & Sterling LLP’s Alex Bevan is particularly active in infrastructure disputes.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 1

Shearman & Sterling LLP

Shearman & Sterling LLP is ‘consistently one of the best firms in the energy and social infrastructure space’; it fields ‘world-class lawyers who are quick to identify risks ahead of time to avoid any unnecessary issues’. ACWA Power, The Dow Chemical Company and Abu Dhabi National Oil Company are clients. Robin Bayley is ‘a highly regarded finance deal-maker’. London-based energy sector expert Nicholas Buckworth has ‘a great understanding of Middle Eastern culture’ and an ability to ‘apply his knowledge to any difficult scenario, across any challenging jurisdiction’.

Next generation lawyers

Dan Feldman - Shearman & Sterling LLP

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Further information on Shearman & Sterling LLP

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

United Arab Emirates

Offices in Abu Dhabi and Dubai

Belgium

Offices in Brussels

China

Offices in Beijing and Shanghai

Germany

Offices in Frankfurt

Algeria

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London

Philippines

Qatar

Singapore

Offices in Singapore

Saudi Arabia

Offices in Riyadh, Al-Khobar, and Jeddah

United States

Offices in Washington DC, New York, San Francisco, and Menlo Park

Legal Developments in United Arab Emirates

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • An Introduction to Personal Guarantee

    The economic boom in UAE has resulted in huge developments and a considerable increase in trade. This in turn has led to a rise in transactions which require a fast debt recovery mechanism. According to common practice in the UAE, the most secure and quickest method is the post-dated -  and in some cases undated – cheque. This is often requested by creditors (financial institutions) and sellers, mostly in real estate transactions and trade. The rationale is mostly economic to individuals who are issuing the cheque, and how does personal guarantee play a role? In this Article, we attempt to analyze and overview UAE laws on Personal guarantee.
  • The Rules and Procedures Followed Before the Criminal Courts under the UAE Criminal Procedure Law

    After having explained the procedures of transferring cases to the criminal courts, in this part we will describe the procedures following the transfer and the rules to be followed before the criminal judge in the hearings.