Clifford Chance Advises on First of Its Kind US$1.5 Billion Lease Certificates Issuance by the Republic of Turkey

Clifford Chance advised the joint lead managers, Citigroup Global Markets Limited, HSBC Bank plc. and Liquidity Management House for Investment Company K.S.C.C. in relation to a lease certificate issuance by Hazine Müsteşarliği Varlik Kiralama anonim şirketi (the “Issuer”) on 26 September 2012 of Irish Stock Exchange-listed U.S.$1,500,000,000 2.803 per cent. lease certificates due 2018.

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Norton Rose Advises on £400 Million Development Financing of Kings Reach Tower in Southwark, London

The Dubai and London offices of international law firm Norton Rose advised a syndicate of Middle Eastern banks led by ABC International Bank plc, a European subsidiary of Arab Banking Corporation B.S.C, in relation to a senior Shariah compliant facility to Kings Reach Estates Limited, a joint venture between London developer CIT and Jadwa Investment for the redevelopment and refurbishment of the Kings Reach Tower in Southwark, London.

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BLP Opens New Office in Dubai – Office Reinforces the Firm’s Commitment to the Middle East Region

International law firm, Berwin Leighton Paisner, is pleased to announce that it has opened an office in Dubai, its second in the United Arab Emirates (UAE). The new office, working closely with the Abu Dhabi office, provides clients with a comprehensive range of legal services for the real estate sector. The Dubai office marks the next step in BLP’s regional strategy and demonstrates the firm’s commitment to the UAE.

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DLA Piper’s Retail Group Supports Tiffany’s UAE Development

DLA Piper announces its involvement in the structuring of a joint venture between Damas Jewellery LLC and the internationally acclaimed jewellery designer Tiffany & Co. DLA Piper’s specialist retail group has been advising Tiffany for over a year and the venture is expected to signal the start of a wider expansion of the Tiffany brand across the region.

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Latham & Watkins Advises Underwriters on IPO of Al Tayyar Travel Group

Latham & Watkins advised the underwriters, Samba Capital, Saudi Fransi Capital, AlJazira Capital and Saudi Hollandi Capital, in connection with the IPO of Al Tayyar Travel Group, a Saudi established travel services company. The transaction, which was five times oversubscribed, comprised an offer of 24,000,000,000 ordinary shares representing 30% of Al Tayyar Travel Group’s share capital to both institutional and retail investors in the Kingdom and is the largest IPO in Saudi Arabia so far this year.

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Latham & Watkins Advises Joint Lead Managers in the Largest USD Sukuk Offering, Setting a New Benchmark

Latham & Watkins represented the joint lead managers in the State of Qatar’s recent sovereign Sukuk. The US$4 billion offering, which was more than six times oversubscribed, included a record low profit rate of 2.1% for a five-year tranche and 3.24% for a 10-year tranche. The sale is also the largest US dollar-denominated Sukuk issuance to date.

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