The firm’s main practice areas are banking and finance, capital markets, construction, corporate/commercial, dispute resolution, energy and resources, Iraq practice, mergers and acquisitions/joint ventures, public-private partnerships and privatisation, projects, public policy and telecommunications.
Banking & Finance:
The firm advises its clients on all aspects of banking laws, regulations and supervisions, including underwriting and syndication of loans, secured commercial lending, commercial paper and finance for foreign trade, project and corporate finance, raising of equity and loan finance, handling trade documents and dealing in foreign exchange. The firm also has wide experience in banking litigation and related disputes. Throughout the years, the firm has acted on behalf of various lending institutions in numerous multi-million syndicated loan agreements and transactions, involving the Government of Jordan and its various institutions. These include, the former Jordan Electricity Authority (JEA), Royal Jordanian (RJ), Water Authority of Jordan (WAJ) and the Telecommunications Corporation (TCC).
The firm provides a full range of services for underwriters and issuers of securities, including public offerings of equity and investment-grade debt, both locally and internationally. In addition to advising local banks and financial institutions, the firm regularly advises various international financial institutions and brokerage firms on potential offerings of securities in the Jordanian market. In 1996 and 1997, the firm was commissioned by the Government of Jordan and the World Bank to assist in the drafting of the Jordanian Securities Law and related Companies Law amendments. The Jordanian Government continues to solicit the advice of the firm on the various amendments to, and interpretation of, the provisions of the said two laws.
The firm advises companies across all industry sectors on general corporate matters, including tax, social security, employment and competition law, and assists both local and foreign companies in expanding their business in Jordan and overseas. The firm provides extensive contract drafting and negotiation assistance on a wide range of contract matters, and renders comprehensive corporate registration services whereby the firm registers, follows up, and liaises with the Ministry of Industry and Trade on behalf of its clients.
Energy & Resources:
The firm’s projects section is highly experienced in the Jordanian energy and resources sector, particularly within the mining, oil and gas, and power and renewables projects. The firm advises international clients and financiers on various conventional oil and gas, renewables, oil shale and nuclear power generation projects.
Mergers & Acquisitions:
The firm advises on all aspects relating to M&A transactions, including transaction organisation, management and documentation, legal risk management, due diligence and warranties, regulatory issues, financing issues, environmental issues, and employment. Members of the firm have also had significant experience in negotiating, setting up, and registering most of the major joint ventures in Jordan.
In recent years Jordan has embarked on a wide scale privatisation program, and the firm has been directly involved in almost all privatisation projects that have taken place in the country. The firm has represented the Government of Jordan and the Executive Privatisation Commission on several privatisation projects including the Jordan Phosphate Mines Company, Jordan Telecommunications Company, the Arab Potash Company, and the restructuring and privatisation of the state owned airline, Royal Jordanian, and the divestment of its five non-core businesses. The firm also represented the ONDEO led consortium in its successful negotiations with the Ministry of Water & Irrigation for the As-Samra Wastewater Treatment Plant Project, a major component of the Government’s privatisation programme in the water sector. This Project was awarded the ‘Middle East Water & PPP Deal of the Year’ for the Year 2003 by the Euromoney Institutional Investor.
The firm advises all parties involved in projects across the range of industry sectors, including project sponsors, project companies, commercial lenders, development banks, international financial organisations, suppliers, purchasers, contractors, and government agencies.
The firm provides a full range of legal services in Jordan, Palestine and the Arabian Gulf (through its associated offices in Ramallah and Bahrain) and internationally through its connections and associations in other parts of the world. The firm also established an Iraqi practice group in order to effectively counsel and advise foreign clients investing in opportunities across a broad range of economic sectors in Iraq.
The firm’s list of international clients is diverse and ranges from individuals to leading international corporations and financial institutions. Amongst the many international clients that the firm acts for are ABB, Abbott Laboratories, ACWA Power, AES, AMP Solar, Areva, BNP Paribas, Citigroup, Credit Agricole Indosuez, Credit Lyonnais, First Solar, General Electric, HSBC Bank USA, IFC, JP Morgan Chase, Maersk, Merrill Lynch, Morgan Stanley, Pepsi, Philip Morris, Siemens, Toyota Motors Corporation and Visa International.