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Leap29 Global Recruitment Solutions CC Advises KNPC on Clean Fuels Projects Clifford Chance is advising Kuwait National Petroleum Company (KNPC) on its multi-billion dollar Clean Fuels Project (CFP), the first time that KNPC has sought to access debt markets. Financing of the first phase of the project was expected to close in early. The mandated lead arrangers are National Bank of Kuwait (NBK) and Kuwait Finance House on the conventional and Islamic finance tranches, respectively. Click here to read the full article. www.leap29.com Legal Weekly Update April 15th 2016 A&O, HSF and Hadef Among Contenders for Corporate Counsel Middle East Awards Pepsico, Dubai World and HSBC among in-house teams represented. The awards, which will take place on 12 May at the Ritz- Carlton in Dubai, aim to recognise exceptional achievement by private practice and in-house lawyers working in local and international companies and law firms. Click here to read the full article. Middle East Movers and Shakers Law firm strategy on how and where to service Middle Eastern clients varies widely. The last 12 months have seen a mix of firms withdraw, expand or centralise; while smaller regional centres are holding their own against the powerhouse that is Dubai. With the Middle Eastern economy so reliant on the price of oil, the downturn in its price has seen an economising on major project and infrastructure work, as investors struggle to recoup capital which has been dependent on oil price. While that has been bad for transactional lawyers, divestment and the in-completion of projects make for a healthy diet of disputes. “We build them and when they start to fall apart, then the disputes lawyers come in,” one lawyer told CDR. Click here to read the full article. Latest Jobs in the Middle East Region Senior Banking & Finance Associate - UAE Project Finance Lawyer - Bahrain Corporate Salaried Partner - Qatar Find out more by visiting Leap29.com for more information on these current opportunities. Oman: Sukuk Regulatory Charter Issued Oman’s Capital Market Authority has issued a charter to regulate the issuing of Sukuk (Islamic Bonds) in the Sultanate. The charter, which comes into effect today, does not affect the provisions of the regulations and laws which regulate foreign ownership of land and real estate property. Issuing Sukuk for immobile and mobile assets, which are owned by the Government, is prohibited under the charter. The Authority’s CEO will issue the asset requirements against which Sukuk can be issued. Under the charter, they should be issued in line with Islamic laws and the Authority can limit the listing and trading of some Sukuk to Omani nationals only. Sukuks should be issued in Omani Riyals or any other currency used in Oman. Click here to read the full article.

Legal Weekly Update - April 15th 2016

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Page 1: Legal Weekly Update - April 15th 2016

Leap29GlobalRecruitmentSolutions

CC Advises KNPC on Clean Fuels Projects

Clifford Chance is advising Kuwait National Petroleum Company (KNPC) on its multi-billion dollar Clean Fuels Project (CFP), the first time that KNPC has sought to access debt markets.

Financing of the first phase of the project was expected to close in early. The mandated lead arrangers are National Bank of Kuwait (NBK) and Kuwait Finance House on the conventional and Islamic finance tranches, respectively.

Click here to read the full article.

www.leap29.com

LegalWeekly Update

April 15th 2016

A&O, HSF and Hadef Among Contenders for Corporate Counsel Middle East Awards

Pepsico, Dubai World and HSBC among in-house teams represented.

The awards, which will take place on 12 May at the Ritz-Carlton in Dubai, aim to recognise exceptional achievement by private practice and in-house lawyers working in local and international companies and law firms.

Click here to read the full article.

Middle East Movers and Shakers

Law firm strategy on how and where to service Middle Eastern clients varies widely. The last 12 months have seen a mix of firms withdraw, expand or centralise; while smaller regional centres are holding their own against the powerhouse that is Dubai.

With the Middle Eastern economy so reliant on the price of oil, the downturn in its price has seen an economising on major project and infrastructure work, as investors struggle to recoup capital which has been dependent on oil price. While that has been bad for transactional lawyers, divestment and the in-completion of projects make for a healthy diet of disputes.

“We build them and when they start to fall apart, then the disputes lawyers come in,” one lawyer told CDR.

Click here to read the full article.

Latest Jobs in the Middle East Region

• Senior Banking & Finance Associate - UAE

• Project Finance Lawyer - Bahrain

• Corporate Salaried Partner - Qatar

Find out more by visiting Leap29.com for more information on these current opportunities.

Oman: Sukuk Regulatory Charter Issued

Oman’s Capital Market Authority has issued a charter to regulate the issuing of Sukuk (Islamic Bonds) in the Sultanate.

The charter, which comes into effect today, does not affect the provisions of the regulations and laws which regulate foreign ownership of land and real estate property. Issuing Sukuk for immobile and mobile assets, which are owned by the Government, is prohibited under the charter.

The Authority’s CEO will issue the asset requirements against which Sukuk can be issued. Under the charter, they should be issued in line with Islamic laws and the Authority can limit the listing and trading of some Sukuk to Omani nationals only. Sukuks should be issued in Omani Riyals or any other currency used in Oman.

Click here to read the full article.