ASAR Bahrain acts as local counsel to Sellers on a US$115,000,000 Murabaha to Kuwait Turkish Participation Bank, Inc. (KTPB)

ASAR Bahrain acted as local Bahraini counsel to a consortium of Gulf and European Banks (the Sellers) in connection with a US$115,000,000 Murabaha facility to KTPB. ASAR advised in relation to the transaction documents and delivered a local law enforceability legal opinion to Sellers. Clifford Chance acted as legal advisors to the Sellers with respect to the laws of England and Wales, and Pekin & Bayar acted as legal advisors to the Sellers with respect to the laws of Turkey.

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