Baker & McKenzie Limited's banking and finance department is praised for its ‘good industry knowledge’ and is often retained by clients for its broad transactional expertise for both conventional and Islamic financing. Adil Hussain heads the team, bringing expertise in new financing products and Shariah-compliant financing, an area in which Delwar Hossain is also highly active, as well as debt capital markets, facilities, and project finance. Soheir Elbanna and Victoria Long advise on multi-jurisdictional finance transactions and syndicated and bilateral loans.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Testimonials
Collated independently by Legal 500 research team.
- ‘Very good industry knowledge and strong Bahraini team on the ground in Bahrain.'
Key clients
- Arab Banking Corporation (B.S.C.)
- ABC Islamic Bank (E.C.)
- State Bank of India, Bahrain Branch
- Bank of Bahrain and Kuwait
- ACWA Power
- Gulf International Bank B.S.C.
- Al Rajhi Banking and Investment Corporation
- The Saudi National Bank (Bahrain)
- Ahli United Bank B.S.C.
- Bahrain National Gas Company (B.S.C.)
- The Oil and Gas Holding Company B.S.C. (c)
Work highlights
Acting as lender’s legal counsel in relation to a bank-to-bank financing, where Bahrain and Kuwait B.S.C. (BBK) is acting as borrower.
Acted for an international bank, through its Bahrain-based entity, in relation to a USD80m equity bridge murabaha facility granted to ACWA Power’s wind power project in Uzbekistan, with ACWA Power providing the guarantee.
Acting for a syndication of eight regional banks led by Arab Banking Corporation (B.S.C.) and Mashreqbank psc in relation to USD450m sustainability-linked medium-term AAOIFI Shari’ah Standard 59 compliant murabaha-based Islamic and conventional multi-tranches credit facilities to Bahrain Steel B.S.C. (c) E.C.
Lawyers
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Adil Hussain
Other key lawyers
Delwar Hossain; Soheir Elbanna; Victoria Long