Offshore in United Arab Emirates

Maples Group

Maples Group handles a range of non-contentious work in its Dubai office, covering funds, capital markets, asset finance and M&A as key areas. The firm is well-connected among sovereign wealth funds in the region, as well as among government-linked clients and international banks. Tahir Jawed heads the team; James Kinsley, who was a senior associate in the Dubai office, is now a partner in the firm's Singapore outpost.

Practice head(s):

Tahir Jawed

Testimonials

‘The perfect offshore services provider.’

A solid team always responsive to business needs.’

‘Deeply embedded in the GCC market, with strong relationships having been based in Dubai for fifteen years and particular strengths in funds and Shariah compliant structures.’

Tahir Jawed is excellent. He makes sure you get exactly what you want from an offshore services provider, which is speed, efficiency, reliability and a helpful, can-do attitude. Highly recommended.’

‘Manuela Belmontes is an excellent finance lawyer who works on all of our sukuk and Islamic finance transactions, and Philip Ireland is the leading offshore investment funds lawyer in the Middle East, we often contact him to discuss structuring ideas.’

Key clients

Mumtalakat Sukuk Holding Company

Careem

Abraaj Global Healthcare Fund

International Finance Facility for Immunisation Company

Latinum Fund

NMC Healthcare

Saudi Telecom

Abu Dhabi Islamic Bank

Tilal Development Company

Aldar Properties

Work highlights

  • Advised Qatar International Islamic Bank on a $500m Sukuk issuance due 2024.
  • Advised Careem, which was incorporated in the BVI, on the company’s sale to Uber.
  • Advised Abraaj Global Healthcare Fund on the transfer of the fund’s management to TPG, following the collapse of the manager.

Walkers

At Walkers, Daniel Wood, Ciaran Bohnacker  and Tom Cochrane are key partners in a team which handles a range of funds and corporate work, with Islamic finance a particularly bright spot for the firm. Barnaby Gowrie, who relocated from the Cayman Islands, heads up the office's disputes operation with a track record of fund insolvency work. In addition to the firm's Caribbean law offering, senior associate Johanna Hendry contributes experience of Jersey. The firm acts for well-known banks from Europe, the US and elsewhere in the region, and can also demonstrate aircraft finance expertise.

Practice head(s):

Daniel Wood

Testimonials

I love working with Ciaran Bohnacker and his team at Walkers, they are problem solvers and bring a commercial view to legal problems. The best in the market.

Always very pleasant to deal with, highly responsive and very accurate.

The team takes a commercial approach to problem-solving and are always very helpful. Ciaran Bohnacker is always ready to assist.

‘Tom Cochrane is very knowledgeable on funds; he’s creative and thinks out of the box. He always comes up with the right answers.

Daniel Wood is extremely responsive and leads the Middle East Walkers team well. He does a good job in connecting us with his colleagues depending on our legal requirements.

‘Barnaby Gowrie has unique skills in the offshore market in the UAE – that’s very useful when it comes to restructuring mandates.’

Terry-Ann Arch is an excellent senior associate and I expect her to progress to partnership, because she is knowledgeable, hard-working and smart.’

Johanna Hendry is very responsive, pragmatic and helpful.’

 

Key clients

Abu Dhabi Commercial Bank

Standard Chartered

Emirates NBD

First Abu Dhabi Bank

The Public Institution for Social Security (Kuwait)

Gulf Capital

International Airfinance Corporation

Mashreqbank

Oman Telecommunications

Bank Audi

Work highlights

  • Advised International Airfinance Corporation on the Cayman elements of a Shari’ah-compliant aircraft leasing fund, which owns 55 Airbus aircraft.
  • Advised Almarai, a Saudi issuer, on the Cayman elements of its $500m Irish-listed sukuk.
  • Representing the Public Institution for Social Security (the Kuwait state pension fund in litigation in the Cayman Islands concerning the liquidation of Asia Private Credit Fund.