ASAR – Al Ruwayeh & Partners bags 12th consecutive IFLR National Award for Kuwait

Recognized for its exceptional service and innovation across the country’s noteworthy deals for the 12th 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 12th 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 2020 IFLR national award presented to ASAR was for the “National Law Firm of the Year” in Kuwait. 

Sam Habbas– Senior Partner at ASAR noted that: “Given the current global situation in which the world finds itself in the form of the COVID-19 pandemic, 2020 has not been without its challenges for all of us. Having received an IFLR national award for Kuwait for the 12th consecutive year is indeed a significant achievement for us. In addition, the Bahrain office of ASAR was also fortunate enough to be nominated for and awarded the IFLR M&A Deal of the Year where ASAR Bahrain acted as Bahrain local counsel UBER in respect to its acquisition of Careem. The receiving of these IFLR awards 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 and Bahrain keeps on producing on a consistent basis. As always, putting our clients first is a cornerstone principle of ASAR; their success is our success.” 

Ahmed Barakat – Managing Partner at ASAR noted that: “We are most delighted to receive from the IFLR the national law firm of the year award for Kuwait. This emphasizes our firm’s continuous role as a leading player in advising on the most outstanding transactions in Kuwait. This award also reflects 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 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. Our success is also underpinned by the ever-increasing level of sophistication in Kuwait and Bahrain and the high level of quality legal services being rendered in those jurisdictions.”

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.