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Reflecting the firm's capability as a leading specialist in providing legal counsel in the credit markets space
Kuwait - ASAR - Al Ruwayeh & Partners (ASAR), one of the region's top tier firms, announced today that it has acted as Kuwait law counsel to the National Bank of Kuwait (NBK) in relation to its loan worth USD 280 million for Kuwait Styrene Company (TKSC).
TKSC's credit facility provided by NBK will be used for the company's general corporate purposes, where part of the funds will be directed to reinforce activities to enhance TSKC'S competitive edge. ASAR's Mr. Rob Little and Mr. John Cunha worked on providing legal counsel to NBK to ensure the smooth and efficient completion the transaction.
Commenting on the latest deal, Mr. Rob Little, Counsel at ASAR said: "It gives us utmost pride to once again, work side-by-side with leading financial institutions such as NBK. Our strategic and well-trusted corporate counsel has demonstrated its success with NBK in several previous deals, and thus we pride ourselves in supporting corporate institutions contributing to the national economy while enhancing market reputation through similar deals."
Mr. John Cunha, Partner at ASAR said: "Although the Kuwaiti market has somewhat pulled back this year due to the global markets' volatility, we believe there is potential in witnessing an uptick in the Kuwaiti market in the months to come. The contribution of private sector's institutions like NBK has proven over the years its success in achieving the nation's development vision. We are pleased to have been part of a leading transaction that once again is a testament to ASAR's leading position in the legal advisory sector in Kuwait."
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 Chambers Global Guide, International Financial Law Review (IFLR) and the Legal 500. In 2015, ASAR was awarded with the IFLR National Law Firm of the Year Award; an award which ASAR has been delighted to receive for the 7th consecutive year. The firm also won the "Best Restructuring Deal in the Middle East" award by IFLR in 2014. Further, the firm won the prestigious "2014 Commercial Litigation Law Firm of the Year" and the "2014 Best Banking and Finance Legal Team -Kuwait" awards from Acquisition International Magazine in 2014. ASAR lawyers have also received multiple awards under different categories in the Fourth Edition of 'Best Lawyers' in Kuwait.
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About ASAR - Al Ruwayeh & Partners (ASAR)
ASAR - Al Ruwayeh & Partners ("ASAR") is Kuwait's leading tier one corporate law firm and one of the most prominent firms operating across the GCC. ASAR provides clients with comprehensive legal support for their business activities. Together with its office in Bahrain, the firm advises a broad array of local and international businesses in both the public and private sectors.
ASAR operates across an extensive list of practices that include banking and finance, capital markets, mergers and acquisitions, privatizations, corporate and commercial transactions, energy, real estate, restructuring, private equity, shipping, employment, environment, franchising, insurance, agencies and distributorships, construction, government projects, intellectual property, securities, taxation, commercial litigation and arbitration.
The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500.
© Press Release 2016
