Alastair Drummond > The Law Firm of Salah Al-Hejailan in association with Freshfield > Al-Khobar, Saudi Arabia > Lawyer Profile

Alastair Drummond

Position

Senior Attorney

Career

Alastair is based in LFSH’s Al Khobar office. He has over 20 years of legal experience in the UK, Jersey, Bahrain, and Saudi Arabia. He provides a wide range of corporate and commercial advice but specializes in banking and finance matters.

Alastair graduated from City, University of London with a BSc (Hons) in Business Studies in 1992 and qualified as an English solicitor in 1997 and as a Jersey advocate in 2003. He moved to Al Khobar from Bahrain.

Recent Key Transactions

• acted for a syndicate of three Saudi banks in connection with a SAR 1,125,000,000 working capital facility made available to a Saudi mining company.

• acted for an Emirati bank in connection with an AED 550m loan facility to an Emirati healthcare company.

• acted for a Saudi bank, in its capacity as an investment agent, in connection with a SAR 750m working capital syndicated Murabaha facility made available to a Saudi mining company.

• acted for a Saudi bank, in its capacity as Murabaha facility agent, in connection with a SAR 1,312,500,000 Murabaha facility made available to a Saudi mining company.

• acted for a Kuwaiti bank in connection with a USD 25m Murabaha facility advanced to an Emirati healthcare group.

• acted for a US oilfield service provider in connection with a USD450,000,000 term and revolving facilities agreement.

• acted for Dubai-based oilfield services company in connection with a USD 190,000,000 master murabaha syndicated facility.

• advised an international airport manager in relation to the termination by KSA’s General Authority of Civil Aviation of its interest as selected bidder under a concession contract (for facilities management) in relation to an airport in Saudi Arabia.

• advised an international engineering contractor on the potential to recover cost overruns incurred on a project undertaken for the Saline Water Conversion Corporation (SWCC), including detailed study of the terms of the underlying contract and correspondence and communications between the contractor and SWCC over the life of the contract.

• advised international engineering contractor in proceedings brought by a disgruntled customer before KSA’s Council of Competition. Detailed study of the facts of the case (including correspondence and communications between the parties over several years) was required in order for LFSH to defeat the claim.

• advising Bahraini investors in relation to a £250m residential development in West London to include Islamic financing arrangements (commodity murabaha), bridging finance, pro forma residential lease, responses to pre-contract enquiries, sale contract, advance payment bonds and NHBC cover.

• advising in relation to disposal of a Bahraini telecoms business.

• acting for lenders on the Bahrain law aspects of a USD 500m loan facility to a GCC petrochemical producer.

• Advising in relation to the establishment of a Bahraini financial trust structure.

• Acting for Alchemy Partners on the Jersey aspects of a €90m acquisition of an Irish facilities management group held via a Jersey incorporated, unlimited liability company.

• Advising German investors on £60m acquisition of a Jersey property unit trust (“JPUT”) structure.

• Acting for Clifford Chance in connection with the US$100m refinancing of a Jersey incorporated Chinese cement company.

Languages

English

Memberships

Law Society of England and Wales

Jersey (non-practising)

Education

BSc (Hons) in Business Studies (1992)
City, University of London, College of Law