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Latham & Watkins

99 BISHOPSGATE, LONDON, EC2M 3XF, ENGLAND
Tel:
Work 020 7710 1000
Fax:
Fax 020 7374 4460
Email:
Web:
www.lw.com

Craig R Nethercott

Tel:
Work +44 20 7710 1118
Email:
Web:
www.lw.com/people/craig-nethercott
Latham & Watkins LLP

Work Department

Partner

Position

Craig Nethercott is a partner in the Finance group and is Co-chair of the global Islamic Finance Practice. Mr. Nethercott has experience in project finance, banking, capital markets and Islamic finance. Mr. Nethercott has advised on transactions in Europe, the Middle East, Africa and Asia. He co-edited and contributed to the treatise "Islamic Finance: Law and Practice" published in March 2012 by the Oxford University Press.

Mr. Nethercott was ranked Band 1 by Chambers Global 2017 for Middle East-wide, Projects and Energy, and Band 1 for Saudi Arabia - Banking and Finance.


London: Projects, energy and natural resources

Mining and minerals

Within: Mining and minerals

The mining team at Latham & Watkins continues to handle significant mining and metals instructions, advising across a variety of practice areas. Recent highlights include advising on the TALEX aluminum project in Dubai and the Alba Line 6 expansion project in Bahrain. Led by Craig R Nethercott, the cross-departmental group covers the full life cycle of mining projects and acts for clients in the downstream, midstream and upstream sectors.

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Oil and gas

Within: Oil and gas

The multi-disciplinary oil and gas team at Latham & Watkins advises a diverse mix of investors, ranging from private houses and NOCs to banks and oil majors, as well as governments and service providers. The team is particularly strong in the cross-border M&A space but covers the full gamut of matters, including dispute resolution, anti-bribery issues and sanctions. The London team is jointly led by corporate expert Simon Tysoe and Islamic finance and Middle East specialist Craig Nethercott. Kem Ihenacho heads the Africa practice and is also a name to note, along with John Balsdon. Chirag Sanghrajka was recently promoted to partner.

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United Arab Emirates

Capital markets

Within: Capital markets

At Latham & Watkins LLP, Nomaan Raja advised Nogaholding on creating a $3bn GMTN programme, and the subsequent issue of $2bn of notes due in 2027. He also assisted JP Morgan with Abu Dhabi Commercial Bank's issuance of Formosa bonds due in 2047. Islamic financing highlights include advice to Standard Chartered on Noor Bank issuing a five-year sukuk totalling $500m, for which there were orders of $1.07bn. Also in the sukuk space, Harj Rai assisted NCB Capital Company with Maaden Phosphate Company's issuance of a SAR3.5bn sukuk. Craig Nethercott, who divides his time between London and Dubai, is another notable name, as is Basil Al-Jafari, who was recently promoted to counsel. Nethercott worked with Raja on several issuances of Saudi Arabian sovereign notes. One notable restructuring highlight is that of the Dana Gas sukuk, replacing the existing one, which is subject to high-profile litigation, with a new one using a more Islamically-conservative wakala structure.

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Islamic finance

Within: Islamic finance

At Latham & Watkins LLP, Nomaan Raja advises Dana Gas on restructuring its sukuk programme, creating one with a wakala structure to replace a previous one that spawned litigation in several jurisdictions over its validity. He also advised Standard Chartered among other investment banks on Noor Bank's $500m sukuk issuance. On the lending side, Harj Rai and Craig Nethercott advised a syndicate of banks including Al Rajhi Bank on a loan to Zain Saudi Arabia.

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