Steven Brown > ASAR – Al Ruwayeh & Partners > Manama, Bahrain > Lawyer Profile

ASAR – Al Ruwayeh & Partners Offices

ASAR – Al Ruwayeh & Partners
AL ROSSAIS TOWER, DIPLOMATIC AREA
BUILDING NO. 283, 12TH FLOOR
MANAMA 2366
Bahrain
Visit website 973 17 533 182 973 17 533 185

Steven Brown

Steven Brown photo
+973 17533 182 sbrown@asarlegal.com View profile View profile

Work Department

Agency & Distributorship Banking & Finance Capital Markets & Securities Corporate Employment Islamic Finance Mergers & Acquisitions PPP & PFI Projects Restructuring & Insolvency Taxation

Position

Of Counsel

Career

Steven has been with the firm since 2010, he was serving as a partner until recently when he transitioned to the role of Of Counsel. Steven has extensive experience in the areas of mergers and acquisitions, banking and finance (secured finance focus), corporate law, regulatory law and employment law.

Steven has assisted in establishing, restructuring and liquidating regulated financial and other entities in Bahrain as well as supporting on construction, agency/distribution, property and trust documentation. Steven also advises and provides strategic assistance on commercial litigation and arbitration matters.

Professional Experience

Ithmaar Bank Restructuring Ithmaar Bank Restructuring: Steven was the responsible attorney at ASAR in respect of the restructuring of Ithmaar Bank, which involved the de-merger of its banking and investment businesses and converting the publicly listed parent company into Ithmaar Holding Company as the first CBB licensed financial holding company.
Eskan Bank Realty Income Trust: Steven led the ASAR team in the creation and registration of the Eskan Bank Realty Income Trust, the first listed, retail real estate investment trust in the Kingdom of Bahrain. ASAR drafted a bespoke trust instrument to comply with Bahrain trust legislation and assisted in procuring regulatory approvals.
British School of Bahrain Acquisition: Steven assisted as purchaser’s local counsel in the acquisition of the British School of Bahrain, a K-12 private educational institution, from GFH Financial Group. The project included negotiation assistance, regulatory advising and assisting with closing, which occurred in Q1 2018.
Al Dur 2 IWPP: Steven assisted as local counsel to the consortium composed of ACWA Power, Mitsui and Co. and Almoayed Contracting as shareholders of Haya Power and Desalination Company BSC (Closed) in relation to the financing and construction of an Independent Water and Power Plant at Al Dur, Bahrain. This 1500MW project includes government supply and power purchase agreements, a governmental guarantee, EPC and O&M contracts and a full portfolio of security plus financier step-in rights backing this billion-dollar natural gas facility.

Languages

English

Memberships

Member of the New York Bar Association, 2010

Education

Juris Doctorate, Washington University in St. Louis, USA, 2007
Bachelor of Science, Business Economics, Marquette University, USA, 2002

Lawyer Rankings

Bahrain > Banking and finance (including Islamic finance)

ASAR – Al Ruwayeh & Partners is a trusted advisor to major banks throughout Bahrain and the broader Gulf, highly regarded for its expertise in conventional and Islamic banking, project finance, derivatives and capital markets. Practice head Steven Brown is well versed across the spectrum of cross-border finance transactions and also brings strong knowledge of corporate M&A, project development and business restructuring. He is supported by associate Rahul Sud, who has specialist expertise in the fintech and payment services sectors.

Bahrain > Commercial, corporate and M&A

ASAR – Al Ruwayeh & Partners has continued to grow its presence in Bahrain’s M&A market, offering services that span a range of transactions and matters, encompassing incorporation, governance and compliance, restructuring, M&A, share transfers and divestments. Steven Brown heads the practice and regularly acts for major corporations across a diverse range of sectors, from technology and healthcare to hospitality, defence and real estate.

Lawyer Rankings

Top Tier Firm Rankings

Firm Rankings