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.
