ASAR – Al Ruwayeh & Partners bags 11th consecutive IFLR National Award for Kuwait and Lifetime Achievement Award for Sam Habbas

Recognized for its exceptional service and innovation across the country’s noteworthy deals for the 11th consecutive year

Kuwait – October 2019: 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 a record 11th consecutive year received a national award presented by the International Financial Law Review (IFLR), the world’s leading market guide for corporate and financial law firms worldwide. The 2019 IFLR national award presented to ASAR was for the “Most Innovative Law Firm of the Year” in Kuwait. The awards ceremony that was held on 16 October 2019 at the Burj Al Arab hotel, Dubai, saw the attendance of partners and representatives from other leading GCC and international law firms.

Sam Habbas – Senior Partner at ASAR noted that: “This was another remarkable year for ASAR at the IFLR Awards Ceremony. Having received an IFLR national award for Kuwait for the 11th consecutive year is indeed a significant milestone. In addition, we were also fortunate enough to be nominated and recognized for our work in the IFLR M&A deal of the year. The receiving of this IFLR national award is a testament to the caliber and quality of our clients, the absolute level of trust that they have in our firm in handling their commercial transactions, and of course, because of the high level of skill, commitment and quality of service which our lawyers in both Kuwait and Bahrain consistently deliver to our clients. Of great significance, a key reason why we have also been able to achieve such great success with our work is because of the high quality and sophisticated corporate and commercial transactions work which Kuwait keeps on producing on a consistent basis. Our success is also underpinned by the ever-increasing level of sophistication of Kuwait as a jurisdiction and the high level of quality legal services being rendered by our fellow colleagues in Kuwait. As always, putting our clients first is a cornerstone principle of ASAR; their success is our success, and we intend to keep it that way.”

Ahmed Barakat – Managing Partner at ASAR noted that: “Managing Partner at ASAR noted that: “We are most delighted to have our senior partner, Sam Habbas, being recognized by the highly respected IFLR as the winner of the lifetime achievement award for 2019. This award is a highly selective one which underlines the influence that Sam Habbas has had on the development of Kuwait’s legal services sector. Additionally, having our firm being again recognized by the IFLR as the most innovative firm in Kuwait emphasizes that our firm remains a leading player in advising on the most outstanding transactions in Kuwait forming the building blocks of the new Kuwait 2035 development plan. These awards also reflect our firm’s commitment to provide our clients with service of the highest order so that we may cross the finishing line with them in successfully closing ground-breaking and innovative transactions. As always, we remain committed to provide cutting–edge legal counsel to our clients across all sectors in Kuwait and Bahrain.”

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, Bahrain, 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 International Financial Law Review (IFLR), the Chambers Global Guide, and the Legal 500. In 2017, ASAR won the “IFLR M&A Deal of the Year Award” in relation to ASAR’s role as Kuwait law counsel to Adeptio AD Investments SPC Limited who acquired a 93.4% stake in Kuwait Food Company (Americana), and the “IFLR Restructuring Deal of the Year Award” in relation to ASAR’s role in acting as Kuwait law counsel to the various creditors in respect to the restructuring of the debt of Adeem Investment and Wealth Management.

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John Cunha

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jcunha@asarlegal.com
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