White & Case Advises Saudi Aramco on US$20 Billion Joint Venture with Dow Chemical in Saudi Arabia

Global law firm White & Case LLP is representing Saudi Arabian Oil Company (Saudi Aramco) on its joint venture with The Dow Chemical Company (Dow) to build and operate a US$20 billion world-scale integrated chemicals complex in Jubail Industrial City, Saudi Arabia. Saudi Aramco and its predecessor company, the Arabian American Oil Company, has been a White & Case client for more than half a century.

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Tags:  White & Case LLP | Dubai

Clifford Chance Advises HSBC Bank Middle East Limited on an Innovative and Ground Breaking Sukuk Structure

Clifford Chance recently advised HSBC Bank Middle East Limited (HBME) in connection with updating its US$5 billion sukuk issuance programme and a US$500,000,000 issuance under the Programme. The trust certificates for the issuance, which are due in 2016, yield a profit rate of 3.575% per annum payable on a semi-annual basis.

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Tags:  Clifford Chance LLP | Dubai

Lovells Hires Middle East Consultant

Lovells has hired a consultant to aid in the growth of its Middle East dispute resolution practice. Stephen York will start consulting on February 1st. He was previously a partner with Reed Smith in London. York’s resume is compiled by a list of biglaw firms such as Kilpatrick Stockton and Pinsent Masons. York joins one other attorney (a senior associate) in Dubai who specializes in disputes work.

Source:  www.legalweek.com

Tags:  Kilpatrick Townsend & Stockton LLP | Dubai

DLA Piper Reduces Middle East Staff by 39 Percent

DLA Piper plans to reduce its staff in Middle East by 39 percent. Here is the breakdown: On top of the two rounds of reduandancies that have occurred earlier in the year, the firm will let go seven lawyers and 10 support staff. 14 staff members are to be relocated to the UK and another group will be sent to DLA’s Australian alliance firm: DLA Phillips Fox. 11 staff have resigned. DLA Piper has offices in Dubai, Abu Dhabi, Doha, Kuwait City, Muscat and Riyadh.

Source:  www.thelawyer.com

Tags:  DLA Piper | Dubai