DIFC Court has granted Immediate Judgment to a syndicate of nine banks following the failure by the borrower and eight guarantors to re-pay AED1.9 billion syndicated conventional and Islamic facilities (and other failures). Al Tamimi & Company was instructed by the syndicate and in succeeding at this early procedural stage, the banks have avoided very significant costs and lengthy […]
Banking & Finance
Transport
United Arab Emirates
Al Seer Marine completes a USD 135 million financing. The advisors
Al Seer Marine, a global player in several maritime sectors and a subsidiary of International Holding Company, has closed a financing transaction of USD135 million for the construction of its two very large LNG carriers.
Deal & transactions
Industrial
United Arab Emirates
CMS advises Aldar investment on the launch of Aldar Logistics
Aldar Investment, the investment business of Aldar Properties, has acquired a 70% equity interest in Abu Dhabi Business Hub, valued at more than AED 500 million. The acquisition sees the creation of Aldar Logistics,
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Freshfields in Hayfin’s investment in the Imperial Avenue real estate
Asset management firms, Hayfin, has invested in the Imperial Avenue real estate project located in Downtown Dubai, UAE. The project is being developed by Shapoorji Pallonji International Real Estate Development (SPIPD), the development
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clyde & Co advised Babilou Group on the acquisition of
Babilou Family, innovative early education networks, has acquired Bright Kids Nursery (BKN), counting six centers across Abu Dhabi and Al Ain. Since its UAE launch in 2009, Babilou Family has rapidly grown as a premium childcare
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
Baker McKenzie advises on the sale of New You Medical
New You Medical Center, a day surgery medical and beauty center in Saudi Arabia focused on bariatric procedures, has completed the sale of a majority equity stake of 51% to Nomu-listed Arabian International Healthcare Holding Co. (“
Global hospitality group Accor enters into a strategic partnership, through its loyalty program ALL-Accor Live Limitless, with Abu Dhabi Commercial Bank (ADCB) to launch ALL-ADCB Infinite and Signature Credit Cards for consumers in the UAE.
Banking & Finance
Deal & transactions
United Arab Emirates
Hadef & Partners advise Watania on its merger with Dar
The shareholders of two of UAE Islamic insurance companies, Dubai-based Dar Al Takaful (DAT) and Abu Dhabi-based Watania, voted in favor of a merger that will result in the creation of the UAE’s largest
March 1, 2022, SHUAA Partners Acquisition Corp I (“The Company”) priced its initial public offering of 10,000,000 units, at a price of USD 10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of
Deal & transactions
Transport
United Arab Emirates
Habib Al Mulla & Partners on Ghassan Abood Group deal
International law firm Habib Al Mulla & Partners, a member firm of Baker & McKenzie International, has advised Ghassan Aboud Group, a UAE based multi-business conglomerate, on a partnership agreement with AD Ports Group, the
