Category

Energy, Mining & Infrastructure

Category

Leading international law firm Baker McKenzie Habib Al Mulla recently advised Abu Dhabi National Oil Company (ADNOC), on one of the region’s largest real-estate transactions as it signed a long-term agreement worth $5.5 billion (AED 20.2 billion) with Apollo Global Management (NYSE: APO), one of the world’s largest alternative investment managers. The agreement aims to lease some of ADNOC’s real-estate assets as part of its strategy to unlock capital from its non-core assets. The strategic…

Overall global deal values down 31% from the previous half year, and 41% from H1 of 2019 which is the slowest first half for M&A since 2013Overall Middle East deal values and volume drop by around 58% and 26% respectively from H1 2019Total Middle East M&A deal values during the last two months of H1 2020 grew from USD 2.649 billion in H1 2019 to USD 33.501 Global M&A activity saw a decline in activity…

On 22 March 2020, the Iraqi Government Crisis Cell took the unusual measure of issuing an announcement declaring the COVID-19 crisis as an event of “force majeure”. This blanket declaration will have a significant impact on companies operating in Iraq, potentially triggering contractual force majeure provisions and those imposed under the Iraqi regulatory framework, regardless of whether parties are actually prevented from carrying out their obligations. Set out below is a summary of the current…

Baker McKenzie advised Al Sharkiyah Sugar Manufacturing Company (Al-Nouran) as  borrower in connection with the restructuring and top up of a senior Islamic Istisn’a facility and working capital facility to finance the operations of its beet sugar factory in Al Sharqia Governorate of Egypt. The financing was provided by a banking consortium led by Banque Misr.