In Brief (June 2013)

1) Clifford Chance advised The Carlyle Group on their strategic investment in Al-Nabil Food Industries Co. Ltd., a frozen and chilled food products company in Jordan. The transaction closed on May 13, 2013. The Dubai based Clifford Chance team was led by Nigel Wellings, corporate partner, and supported by associates Roxana Ghiassee and Abeer Jarrar. 

2) Norton Rose has advised Türkiye Finans on their debut Sukuk issuance of USD500 million Certificates due 2018. The Sukuk, which was issued with the prior approval of the Capital Markets Board of Turkey, represented the first non-Ijarah Sukuk issued out of the country. The Norton Rose Dubai team was led by partner Mohammed Paracha, capital markets Of Counsel Alex Roussos and senior associate Ahmet Kalafat. 

3) DLA Piper and Kuwaiti firm Al Wagayan, Al Aawadhi and Al Saif have advised A'ayan Leasing and Investment Company in its complex restructuring which has led to its acceptance under the Financial Stability Law of Kuwait. A cross-border, multi-disciplinary team has advised A’ayan on matters involving innovative restructuring techniques.