Apr 25 2013
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Simmons & Simmons Advises on Launch of Unique Shariah-Compliant Funds Platform
SEDCO Capital is a full-service Shariah-compliant wealth and asset management firm serving third-party institutional and private clients.
The Simmons & Simmons team was led by specialist Islamic Funds and Finance partner Muneer Khan. He was supported by Funds partner Neil Simmonds, Tax partner Nick Cronkshaw, counsel Ahmed Butt, managing associates James Oussedik and Mohammed Majid, supervising associates Nicole Suignard and Candice Nichol and associates Kristi Lehtis and Robert Nield.
There is a huge shortage of high-quality Shariah-compliant products with diversity, efficiency and critical mass. However, we have experienced an increase in the pace of development in this area with products being designed to address the needs of sophisticated investors with growing wealth in the Middle East and South East Asia in particular. SEDCO Capital 's platform is at the cutting edge of product development in this area, both in terms of scale and in terms of sophistication."
Other firms involved in advising on the project include Elvinger, Hoss & Prussen as local Luxembourg law counsel and Deloitte as auditor and Luxembourg tax adviser.
We are a leading international law firm with fully integrated teams working through offices in Europe, the Middle East and Asia, and bring experienced professionals to some of the most active growth markets today. Our focus on a small number of sectors means we are able to understand and respond to our clients needs. Our industry sectors are: Asset Management & Investment Funds, Energy & Infrastructure, Financial Institutions, Life Sciences and Telecoms, Media & Technology (TMT). We have a track record for innovation and delivering value to clients through new ways of working.
Simmons & Simmons is an international legal practice carried on by Simmons & Simmons LLP and its affiliated practices. Accordingly, references to Simmons & Simmons mean Simmons & Simmons LLP and the other partnerships and other entities or practices authorised to use the name " Simmons & Simmons " or one or more of those practices as the context requires. The word "partner" refers to a member of Simmons & Simmons LLP or an employee or consultant with equivalent standing and qualifications or to an individual with equivalent status in one of Simmons & Simmons LLP's affiliated practices. For further information on the international entities and practices, refer to simmons-simmons.com/legalresp
Visit our website at simmons-simmons.com or our award-winning online legal service at elexica.com.
Simmons & Simmons has an award-winning Islamic finance and funds team with recognised expertise in a broad range of practice areas. We advise conventional and Shariah-compliant financial institutions, fund managers, financial advisors and corporates globally on all aspects of Islamic finance and funds.
For further information, please contact Nicky Duncan, Regional Business Development Manager (Middle East), on +9714 709 6647 or at firstname.lastname@example.org
© Press Release 2013
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