ASAR – Al Ruwayeh & Partners bags 13th consecutive IFLR National Award for Kuwait

Recognized for its exceptional service and innovation across the country’s noteworthy deals for the 13th consecutive year

Kuwait – 28 October 2021: ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms are pleased to announce that it has for a record 13th 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.

2021 IFLR national awards

The 2021 IFLR national award presented to ASAR was for the “National Law Firm of the Year” in Kuwait. The awards ceremony that was held on 27 October 2021 at the Mandarin Oriental Hotel, Dubai, saw the attendance of partners and representatives from other leading GCC and international law firms and financial institutions. 

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 13th consecutive year is indeed a significant milestone. In addition, we were also fortunate enough to be nominated and recognized for our work in other various categories, including, Debt & Equity-linked Deal of the Year: KIB Tier 2 Sukuk, Project Finance Deal of the Year: Umm Al Hayman Wastewater Treatment Project, and Restructuring Deal of the Year: Aayan Debt Restructuring. 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.” 

Ahmed Barakat – Managing Partner at ASAR noted that: “We are most delighted at this outstanding achievement; winning the IFLR’s best law firm in Kuwait award for the 13th consecutive year is no small feat! A key reason why we have been able to achieve such success is 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 our longstanding commitment to top-notch legal research and analysis, as well as understanding and accommodating the business and legal realities on the ground in Kuwait and Bahrain. I am very proud of my partners, associates, staff, and of course our clients, for their contribution to attain this exceptional distinction. As always, putting our clients first is a cornerstone principle of ASAR; their success is our success.”

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.

IFLR M&A Deal of the Year Award

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. In 2018, ASAR was also the successful recipient of the “Most Innovative Law Firm of the Year” award, as presented to ASAR by the IFLR.

View the International Financial Law Review (IFLR) M&A Report 2021 -Kuwait.