From MENA to the WORLD With Suzan Taha The Kuwait Capital Markets Authority (the “CMA or Authority”) has recently issued a new resolution no. 3 of 2023 regarding Passporting of Financial Products, issued on January 8, 2023, outlining the
Deal & transactions
Energy & Trading
United Arab Emirates
Latham & Watkins with TotalEnergies on its agreement with CEPSA
TotalEnergies has entered into an agreement with CEPSA, whereby it will acquire CEPSA’s upstream assets in the United Arab Emirates, effective as of January 1, 2023. Latham & Watkins provided legal advice to TotalEnergies in this
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons advises Arada on its USD50 million sukuk tap issuance
Arada Developments (‘Arada’), a major property developer in the Northern Emirates of the UAE, has completed its successful second tap issuance of USD 50 million sukuk with the assistance of Dentons. The transaction was successfully completed
Deal & transactions
Energy & Trading
Other
Clifford Chance with Elia on pioneering renewable energy island
Clifford Chance has advised Elia, one of Europe’s top five transmission system operators, in structuring and negotiating the EPCI construction contract for the world’s first artificial renewable energy island. TM Edison, a consortium
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
Matouk Bassiouny & Hennawy (“MBH”) has successfully represented a sovereign state (the “State”) in setting aside a CRCICA arbitral award worth nearly USD 1.5 billion before the Cairo Court of Appeal. This arbitral award was rendered
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
MNHD closes Securitization transaction amounting to EGP 805.5m
Dreny & Partners has played a key role in the successful completion of Madinet Nasr for Housing & Development’s (MNHD) second securitized transaction, which amounted to EGP 805.5 million. This is part of a larger
From MENA to the WORLD With Suzan Taha Kuwait has a rich legal history that dates back centuries. The modern legal system in Kuwait, however, has its roots in the early 20th century. The country’
Deal & transactions
Oil & Gas
United Arab Emirates
DLA Piper: Uniper sells marine fuel trading business in Dubai
DLA Piper provided legal advice to Uniper Group regarding the sale of its crude oil processing and marine fuel trading business in the United Arab Emirates. A consortium composed of Montfort Group and the Private
Global law firm Clyde & Co continues rapid expansion in Saudi Arabia with the appointment of new corporate partner in its Middle East and Africa (MEA) region, Mohammed Almarzouki (pictured). Based in the firm’s
