ASAR bags IFLR 2014 ‘National Law Firm of the Year’ Award
ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to announce that it has for the 6th consecutive year been awarded the prestigious “National Law Firm of the Year Award” for 2014 presented by the International Financial Law Review (IFLR), the leading market guide for financial law firms worldwide. The awards ceremony that was held on 15th October 2014 at the Burj Al Arab hotel, Dubai, saw the attendance of partners and representatives from other leading GCC and international law firms.
Additionally, the firm further won an award for “Project Finance Deal of the Year 2014” with respect to 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, which is the first IWPP project to be undertaken as a Public Private Partnership in Kuwait. 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 USD 2.4 Billion murabaha facility and the USD 10 billion restructuring of Dubai Group.
Mr. Sam Habbas– Senior Partner at ASAR noted that: “It is a great honor for our firm to receive the Kuwait National Law Firm of the Year Award which we have now won for the sixth consecutive year. We are also delighted to have won the “Project Finance Deal of the Year Award.” 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 in Kuwait, across the GCC and beyond.
The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500. The firm also won the “Best Restructuring Deal in the Middle East” award by IFLR during the same year. Further, the firm won the prestigious “2014 Commercial Litigation Law Firm of the Year” and the “2014 Best Banking and Finance Legal Team –Kuwait” awards from Acquisition International Magazine in 2014. This year, ASAR lawyers also received multiple awards under different categories in the Fourth Edition of ‘Best Lawyers’ in Kuwait.