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Kuwait's Asar wins national law firm award

DUBAI, October 18, 2014

Asar - Al Ruwayeh & Partners, a prominent corporate law firm in Kuwait, said it has won the “National Law Firm of the Year Award” for the sixth consecutive year.

The award for 2014 was presented by the International Financial Law Review (IFLR), a leading market guide for financial law firms worldwide, at a glittering function held at the Burj Al Arab in Dubai.

Leading partners and representatives from other leading GCC and international law firms were present.  

Asar also won an award for “Project Finance Deal of the Year 2014” for its role as legal advisor to Kuwait’s Partnership Technical Bureau in the structuring and procurement of the Az Zour North (Phase 1) independent water and power producer (IWPP) project, the first IWPP project to be undertaken as a Public Private Partnership in thwe country.

The project was also recognized as a highly significant one in the context of paving the way for private investment in a number of other large scale infrastructure projects which are currently in the pipeline in Kuwait.

In addition to winning the above awards, Asar was nominated for its roles in three major restructuring transactions namely, The Investment Dar Restructuring which featured a unique and complex settlement in kind offer, the innovative restructuring of Zain’s $2.4 billion murabaha facility and the $10-billion restructuring of Dubai Group.

On the win, Sam Habbas, senior partner at Asar, said: "These awards are a true testament to our firm’s commitment to excellent client service and our consistency in advising on the most ground-breaking and innovative transactions. We intend to continue offering cutting – edge legal counsel to our clients, across all sectors."

With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, Asar provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities across the GCC and beyond.-TradeArabia News Service




Tags: Kuwait | Award | law firm | Asar |

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