New partners at Habib Al Mulla & Company

Boustany joined the company in 2007 as head of the banking and finance practice in Dubai. He advises on all areas of UAE banking and finance law, including Islamic Finance, across a variety of sectors.
He is dually qualified as a lawyer and banking professional. He is a member of the Securities Industry Management Association (SIMA) and holds a CISI Level 3 Certificate in Investments and Securities, he is also a certified Basel III professional and a DIAC qualified arbitrator with full rights of audience before the DIFC courts.
Highlights of his work at Habib Al Mulla & Company to date include listing a takaful company on the Dubai Financial Market, structuring a one billion Dirham real estate financing project, structuring and drafting a sixty million US Dollar Islamic bridge financing transaction through a reverse commodity murabaha and structuring several private equity deals ranging from five million to fifty million US Dollars. He is also involved in major legislative reforms at the UAE federal level. El Daye joined the firm’s Dubai office in 2008 as a senior litigation lawyer and was appointed Head of the litigation team in Abu Dhabi in 2010. He has more than 17 years’ experience in litigation and arbitration and has represented clients in some of the region’s most high profile, complex cases. Some of his notable cases include an AED2.6 billion litigation and arbitration case in Abu Dhabi, a case before the Dubai courts which set a precedent for the use of force majeur in contracts and another before the Dubai court which set a precedent on phishing within banking systems. Both will be responsible for the growth of their respective practices, reinforcing the strength of the firm and its clear strategic direction in key areas in Dubai and Abu Dhabi.