Commercial, corporate and M&A in Jordan

Ali Sharif Zu'bi Advocates & Legal Consultants

Ali Sharif Zu'bi Advocates & Legal Consultants has a top reputation for corporate work and has long been a mainstay of Jordan's commercial legal market. Khaled Asfour and Jumana Toukan lead the well regarded team which regularly advises on foreign investment, joint ventures, M&A, privatisations, and capital markets work. The firm often works alongside major international legal practices and is regularly used by leading banks, multinationals and private equity houses. The firm has been involved in several significant transactions including a billion dollar take private. Senior partner Sharif Zu’Bi continues to retain an active practice.

Practice head(s):

Khaled Asfour; Jumana Toukan

Other key lawyers:

Sharif Zu’bi

Key clients

Adenium Energy Capital

Kingsway

Agthia

Morganti

Airport International Group

Capital Bank of Jordan

Arab Bank

Hikma International

HSBC

Dubai Aerospace

Avolon

General Electric Capital Aviation (GECAS)

Work highlights

  • Acting for Kingsway Capital and its subsidiaries in connection with the US$1.2 billion take-private acquisition of Al-Eqbal Investments, the fifth largest public company on the Amman Stock Exchange.
  • Acting for the lead managers, HSBC and Citibank, in connection with the Government of Jordan $1.75 billion Eurobond issuance listed on the London Stock Exchange
  • Acted for Adenium Energy Capital in its proposed sale of its stake in four solar power generation projects in Jordan.

Khalifeh & Partners Lawyers

Khalifeh & Partners Lawyers is regularly instructed on the country's largest corporate finance transactions. Cross-border M&A, joint ventures, financings and restructurings remain high on the agenda, and it acts for a wide range of international and domestic companies and institutions. The firm also has strong expertise in competition and antitrust, as well as other regulatory issues. Managing partner Ala’ Khalifeh and partner Khaldoun Nazer are two of the firm's main corporate partners.

Obeidat Lawyers

Obeidat Lawyers  is a lead player in the market and is regularly used by domestic and international clients for high-profile corporate transactions and commercial projects. Thamer Obeidat and Hussam Al-Kurd are two of the main contacts and both very active on the M&A side.

Sanad Law Group in association with Eversheds Sutherland (International) LLP

Sanad Law Group in association with Eversheds Sutherland (International) LLP stands out for its good balance of domestic and cross-border expertise. Clients benefit from the firm's strong regional network, while on domestic matters the lawyers offer a strong service in M&A, banking, real estate, regulatory, employment and other day-to-day commercial issues. The firm has a particularly strong following among clients in the TMT, financial services, aerospace, defence, security and energy sectors. Nadim Kayyali leads the well regarded team, with strong support from corporate partner Lana Habash, and Amman managing partner Ghaleb Al Faraj. Sarah Khatib is one of the well regarded associates.

Practice head(s):

Nadim Kayyali

Other key lawyers:

Lana Habash; Ghaleb Al Faraj

Key clients

TUV Austria Hellas

Medserv M.E. Limited

APIC

AB Invest Group

Syarah Limited

Foursan

iMENA Group

SPE Capital

Avalon

Work highlights

  • Advised on a share acquisition of a Jordanian company and asset acquisition by TUV Austria Hellas (a Greece-based entity).
  • Advised Foursan on its multi-million dollar acquisition of a 93% stake in Golden Sands School.
  • Advising iMENA Group, the existing shareholders, on a $35m issuance and subscription into Moneyforanycar.com limited.

Al Tamimi & Company

Al Tamimi & Company stands out for its strong regional practice, where clients benefit from access to its market leading offices throughout the Middle East's key jurisdictions. The highly rated team in Amman is led by Khaled Saqqaf, who is hugely experienced in capital markets, M&A, regulatory issues, and broader commercial matters. The firm acts for an impressive mix of domestic and international clients, including major corporates, banks and multilateral agencies.

Practice head(s):

Khaled Saqqaf

Key clients

Standard Chartered Bank (SCB)

National Bank of Kuwait (NBK)

Maersk

Masdar Abu Dhabi Future Energy Company

Master Card

Credit Suisse

European Bank for Reconstruction and Development (EBRD)

Safwa Bank

Western Union

Housing Bank for Trade & Finance (HBTF)

Work highlights

  • Advised EBRD on a full review of the legal and regulatory regime in Jordan relating to securities and capital markets legislation, with a view of drafting legislative amendments to the existing framework.
  • Assisted Saudi Jordan Investment Fund (SJIF) on a comprehensive review of the Free Zones, Development Zones, and Investment Laws of Jordan, with the aim to establish a new Techpark in Jordan with a VC-financing element.
  • Advised Muhaideb Group in a cross border acquisition of a Limited Liability Company in Iraq and Lebanon.

Barghouti Khirfan Hattar Advocates

Barghouti Khirfan Hattar Advocates was established in 2012 and quickly established a good reputation for advising on complex M&A and private equity work. The firm has several major investment funds among its clientbase, as well as a broad range of domestic and international corporates. These include clients from the aviation, financial services, healthcare and tourism sectors. Name partners Yazan Barghouti, Hazem Khirfan, and Muayyad Hattar lead the team.

Practice head(s):

Yazan Barghouti; Hazem Khirfan; Muayyad Hattar

Key clients

Crystel – International Company for Outsourcing Services

Delights Shop

Middle East Development Company

Auto Excellence

Car Genie

Japan Tobacco International

JTI Jordan (Manufacturing) Ltd.

Airport International Group

Rimal Capital

Al Jaber Group

Badia Capital

Manafsoft

PricewaterhouseCoopers Legal Middle East LLP

Acteon Group

Engineering Enterprises Co.

Sukljian Co. for Trading and Marketing

Jordanian International Auto Trading Co. (JIATC)

Tahboub Group

Black Pearl Capital

Trust International Insurance Company

Market Insurance Brokers Limited Jordan

Petra Aluminum Company

Gulfsat Telecommunication (KIPCO)

Saudi Dairy Foodstuff Company (SADAFCO)/Jordan

KABS Fit Factory

Middle East Insurance Co.

Landmark for Investment and Trade

Knight for Real Estate Development and Investment

BeMotion

American Center of Oriental Researche (ACOR)

Reclaim Childhood

Al-Mashreq for Marketing

16th of May

Qawaed Real Estate Development

Focus for Computer Programming

ITX

German Protestant Institute of Archaeology

University of Modern Science

Work highlights

  • Representing the venture capital fund Rimal Capital in all its transactional matters, including its recent investment in two start-ups, Car Genie and Abjjad.
  • Advising the private equity fund, Badia Capital, on establishing a new €50m fund.
  • Assisting Petra Aluminium Company on its transactional matters, including negotiations with a private equity fund over a potential investment.

International Business Legal Associates (IBLAW)

International Business Legal Associates (IBLAW) enjoys a good reputation for high-end banking and corporate transactional advice and day-to-day commercial support. Clients include major international blue-chip corporations, venture capital and private equity funds, banks and multilateral lenders, who also rely on the firm for compliance and regulatory guidance. The team is also noted for its expertise in real estate acquisitions and financings. Firas Malhas leads the team, which includes highly regarded senior partner Salaheddin Al-Bashir, IP expert Nanacy Dababneh, and Mohammed Al-Bashir.

Practice head(s):

Firas Malhas

Other key lawyers:

Salaheddin Al-Bashir; Nanacy Dababneh; Mohammed Al-Bashir

Key clients

Aqaba Development Corporation (ADC)

The Jordanian Electric Power Co. Ltd. (JEPCO)

Arab Potash Company

Aqaba Container Terminal (ACT)

European Bank for Reconstruction and Development (EBRD)

Coca Cola Bottling Company Jo.

Chemonics International

AMIDEAST

Columbia University- Jordan

Microsoft.

Near East Foundation

International Development Research Centre (IDRC)

Total Jo.

Philip Morris

Osama Sukkari & Associates - Attorneys at Law

Osama Sukkari & Associates - Attorneys at Law has a multi-faceted commercial practice with especially good expertise in M&A and finance. The firm regularly works alongside major international law firms. It is also a popular choice for banks, private equity and venture capital funds. On the VC side it regularly advises on investments and subscription agreements. Practice head Anwar Sukkari has a strong track record in the market.

Practice head(s):

Anwar Sukkari

Key clients

Bank of Jordan plc.

Bank of Jordan (Bahrain)

Jordan Islamic Bank plc

Arab Islamic Bank

Jordan Leasing Co.

Eqbal Real Estate Developments (Owner and Operator of Ritz Carlton – Jordan)

Eqbal Investment Co. Plc

Bauer International F.Z.E

Norwegian Refugee Council

Spectrum International for Renewable Energy

Site Group for Services and Well Drilling

German Agency for International Cooperation (GIZ)

Jordan Investments Trust Plc.

Ehdathiat Real Estate Plc.

Levant Schools Academy Ltd.

Imcan Financial Services Ltd.

Medical Clinics Co. Ltd.

Al Ta’awon Real Estate Management Ltd

Work highlights

  • Advising the target company and a group of investors (shareholders) on a $1.2bn take-private and roll-over transaction.
  • Advised a VC company on its $5m investment in a China-based e-cigarette manufacturer in the form a convertible loan.
  • Advising a bank on its  $20m participation in a $300m syndicated facility extended to a UAE based investment company.

Rajai K.W. Dajani & Associates

Rajai K.W. Dajani & Associates has built up a strong reputation for cross-border M&A, commercial real estate and support on franchising and distribution agreements. The firm is often sought out by international investors and corporates and works closely with a selection of global law firms. Managing partner Yousef Khalilieh leads the team.

Safwan Moubaydeen Law Firm in association with Dentons

Safwan Moubaydeen Law Firm in association with Dentons has a long-established presence in the market, and its clients naturally benefit from the firm's strong international network. Managing partner Safwan Moubaydeen splits his time between the firm's Jordan and Qatar offices, while Ala’ George Musleh offers good expertise in corporate, finance, energy and aviation issues. Clients include major banks, energy and utilities companies.

Practice head(s):

Safwan Moubaydeen

Key clients

Fujeij Wind Power Private Shareholding Company

Amman Asia Electric Power Company

Philadelphia Solar

Al Husainiyah Power Generation Company

Al Badiya Power Generation Company

Questerre Energy Corporation

Abdali Clemenceau Hospital Company LLC

Arab Wings & Co.

Gemalto Middle East FZ LLC

Lesaffre

adidas Levant Limited

Embassy of Ireland, Jordan

Embassy of China, Jordan

International Relief and Development / Blumont Inc.

Islamic Relief Worldwide

eBaoTech International PTE. LTD.

Work highlights

  • Advising Fujeij Wind Power on Covid-19 related force majeure provisions in connection with a 50 MW Wind Farm Project, in addition to assisting on all corporate, regulatory and day-to-day transactions.
  • Assisting Philadelphia Solar in all legal matters related to its photovoltaic plant in Jordan.
  • Assisting Abdali Clemenceau Hospital on its launch, making it one of the biggest hospitals in the Middle East. This included advice on all corporate, sale and supply, provision of service, finance, employment and regulatory matters.

Andersen Tax & Legal Jordan

Andersen Tax & Legal Jordan is well regarded by domestic and international clients who benefit from the firm's combination of international reach and local expertise. The firm provides a full-service offering, with Rasha Laswi especially active on the corporate side. Managing partner Azzam Zalloum is also highly experienced on restructuring and insolvency issues.

Practice head(s):

Rasha Laswi

Other key lawyers:

Azzam Zalloum

Testimonials

‘They are very professional, experts in all legal areas, cooperative and responsive.’

‘The team is very supportive and go out of their way to help us succeed. They are very proactive and actually provided us with opportunities and many connections that added value to our operations. They also deal with us as a partner more than that of a firm and always been responsive regardless if its part of our agreement. ’

‘The partners and senior team at Anderson are very helpful. They have always provided us with additional information and dealt with us as a real partner. The team is very friendly and we now have a great relationship that was built based on trust and professionalism. ’

‘I am always able to reach the team in a timely manner. The work is done thoroughly and professionally. ’

‘Rasha Laswi has been a great partner to the success of our business. She is able to answer all questions and work through getting us the results that we need.’

‘Despite having a small team, the firm has proven to be resourceful in the utilization of its internal and diverse expertise, and in building on levels of experience. Associates are challenged to drive excellence in their performance, and they are given the opportunities for exposure to expand their horizons by twinning them with different partners. The firm also maintains its competitive edge by remaining well-apprised of local, regional and international legislation; as well as the multitude of contractual clauses within different sectors. Azzam Zalloum, in particular, is the in-house guru on local and governmental legislation and requirements. ’

‘The experience is exceptional because of the involvement of the partners in the needs of their clients. While dealing with Anderson, you feel that you are the most important client for them and have the priority always. It makes the service feel personal.’

‘Their professionalism and ability to perform under extreme pressure at the right time. Deliverables are always on time and as per the expectations of the client.’

Key clients

F. Hoffmann-La Roche Ltd

Novartis

Acted

The Palladium Group

BORDA WesCA

Beyond Capital

MED EL

World Bank / IFC

GIZ

Wurth

Work highlights

  • Advising IFC / World Bank on the National Quality Infrastructure Project, which aims to improve the competitiveness of Jordanian producers in international markets.
  • Advice to OTO Inc on its commercial contracts and international structure.
  • Advised the venture capital company, Beyond Capital, on its investments into the market.

Atwan & Partners Attorneys and Legal Consultants

Established in 2014, Atwan & Partners Attorneys and Legal Consultants is a relatively recent addition to the market, though its strong pedigree in corporate finance make it popular with foreign and local clients. Managing partner Khaled Atwan has previous experience as a partner in leading domestic and international firms. Corporate partner Rana Atwan also offers strong expertise across a broad range of matters, and is especially active representing startups and entrepreneurs. The firm also has an Abu Dhabi office.

Practice head(s):

Khaled Atwan; Rana Atwan

Testimonials

‘Their experience in working with None Profit organizations is extremely valuable. The fact that their team is capable of conducting bilingual legal support both in English and Arabic is very helpful for us.’

‘Fahed Hijawi is our main point of contact, he is very skilled in dealing with the various needs that our organization has. He is fluent in English and experienced in the local context as well. Through our engagement with Atwan, Fahed was able to develop a relationship of trust with us through the various areas of support he presented to our organization. He stands out as a person that we now consider as one of our own team members.’

‘Rana Atwan is a strong lawyer, she has great knowledge in Jordan law and foreign laws, she solves all the legal challenges that we face, and advises us on the best approach.’

‘Fahed Hijjawi delivers sound legal consultation and legal solutions which keeps us always aligned to the regulations of the Government of Jordan.’

‘Friendly services and prompt actions. Friendly and co-operative individuals.’

‘Atwan has provided our Jordan-based projects with exceptional service for over 5 years and their legal counsel has been critical to our ability to continue to operate in the country. They provide detailed and accurate analyses of complex legal and regulatory issues on multiple legal issues (company registration, social security, tax, labour, among others) and can always be relied on to be prompt and comprehensive in their response to requests for guidance or assistance. Based on their high-quality service over many years, they are the only legal advisor we rely on and our company will continue to engage with them on future projects.’

‘The individuals  are all exceptional in their legal knowledge, their responsiveness, their flexibility, and their overall understanding and willingness to provide whatever is needed to help our company and project operate in a safe, compliant, and efficient manner. While we have interacted with multiple staff from Atwan, everyone has been exceptional, Rana Atwan has particularly stood out for her high level of service and legal knowledge. Rana is truly a pleasure to work with and we trust her, along with her firm, completely to provide us with whatever we need, whenever we need it. Rana and Atwan as a whole are the best!’

 

Work highlights

  • The legal counsel for an energy and industrial company in Jordan advising the ‎company on its operation.
  • The legal counsel for a leading seed investment company and business accelerator operating in Jordan’s ‎creative industry.
  • Advised a UAE bank on a $300m cross-border finance deal involving Jordan.

Hammouri & Partners Attorneys At-Law

Hammouri & Partners Attorneys At-Law has a strong following among domestic public and private sector clients. On complex commercial matters, the firm is also increasingly used by multinational clients, and regularly works alongside international law firms. Yotta Pantoula-Bulmer and Ahmed Khalifeh jointly lead the team.

Practice head(s):

Yotta Pantoula-Bulmer; Ahmed Khalifeh

Key clients

JORDAN PETROLEUM REFINERY COMPANY (JPRC)

ELECTRONIC HEALTH SOLUTIONS (EHS)

MADFOOTATCOM FOR ELECTRONIC PAYMENTS PSC

MAJOR RENEWABLE ENERGY REGULATOR

AL RAKAEZ INVESTMENT Company

ELECTRONIC HEALTH SOLUTIONS INTERNATIONAL (EHSI)

NEAR EAST TECHNOLOGIES

SAMGREEN POWER LLC JORDAN

Work highlights

Qudah Law Firm

Qudah Law Firm is a strong choice for corporate transactional advice and day-to-day commercial support. The firm has expertise advising clients from a broad range of industries, and is also noted for its expertise in areas such as banking and finance, IP, TMT, real estate, employment law, and regulatory matters. Managing partner Mohammad Mufleh El-Qudah leads the team, with support from Bassam Al-Abdallat and Sufian Bataineh.