The recognition mirrors ASAR’s commitment in retaining the best practitioners that provide an exceptional level of legal advice to an extensive range of local as well as international clients
Kuwait – 5th August, 2013: ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms announced today that Hossam Abdullah, Partner at ASAR, has been selected amongst the world’s 30 “Best of the Best” Islamic finance law practitioners by Euromoney Expert Guides (Euromoney), the world’s leading source of business lawyers covering a broad range of practice specialties in over 60 jurisdictions worldwide.
Hossam Abdullah was selected amongst other lawyers representing a broad range of other legal practice areas from around the world through a peer vote methodology. Expert Guides’ research process involves sending over 4,000 questionnaires to senior practitioners involved in each practice area in over 40 jurisdictions, asking them to nominate leading practitioners based on their work and reputation. The results are analyzed and screened for firm, network, and alliance bias. The list of experts is then discussed and refined with advisers in legal centers around the world.
Ahmed Barakat, Managing Partner at ASAR said: “We are proud that our partner Hossam Abdullah has been recognized as one of the most important Islamic Finance law practitioners around the world, and the only one selected from the jurisdiction of Kuwait. This is a testament to our continuous efforts in retaining the best legal talent to provide sound legal advice to our clients.”
Hossam Abdullah said: “I am delighted to have been granted this significant achievement which has been afforded to me by Euromoney. It is an absolute testament to the team which we have here at ASAR and without whose support this achievement would not have been possible. It is also indicative of the active and progressing legal environment in Kuwait inspired by H. H. the Amir’s wish to transform Kuwait into a financial powerhouse.”
In Kuwait, Hossam Abdullah advises a wide range of clients that include Islamic and conventional banks, investment companies, and international companies doing business in Kuwait and throughout the GCC, and has overseen a number of multi-billion (US) Dollar transactions. He has more than 21 years of extensive legal experience in corporate, banking and finance sectors, with a particular focus on structuring transactions and managing conventional as well as Islamic finance transactions, debt and equity, capital markets, investment funds and mergers and acquisitions. Hossam Abdullah also enjoys an in-depth knowledge of Shari’ah principles and has worked across leading Islamic and conventional transactions in Kuwait, the GCC, Europe and the United States.
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.
ASAR has been consistently rated as the leading corporate and commercial law firm in Kuwait by many of the world’s leading and reputable legal guides such as the Chambers Global Guide, International Financial Law Review, and the Legal 500. In 2012, ASAR was named as the “Best Law Firm in Kuwait 2012” by the International Financial Law Review (IFLR), the market-leading guide for financial law firms worldwide. The firm also won the “Best Equity Deal in the Middle East” award by IFLR during the same year.