Clifford Chance has once again demonstrated its leading position in Islamic finance winning an impressive number of awards at the 2014 Islamic Finance News Awards including Deal of the Year for its work on the inaugural £200 million sukuk issuance by HM Treasury in the United Kingdom.
Clifford Chance won:
Deal of the Year: HM Treasury UK GBP200 million sukuk
Sukuk Deal of the Year: HM Treasury UK GBP200 million sukuk
Sovereign Deal of the Year: HM Treasury UK GBP200 million sukuk
UK Deal of the Year: HM Treasury UK GBP200 million sukuk
Africa Deal of the Year: Republic of Senegal CFA100 billion sukuk
Saudi Arabia Deal of the Year: STC SAR2 billion sukuk
Infrastructure & Project Finance Deal of the Year: Al Sharkiya Sugar Manufacturing Company financing
Murabahah Deal of the Year: EXIM US$$300 million sukuk
Mudarabah Deal of the Year: EMPOWER US$127.8 million mudarabah facility
Restructuring Deal of the Year: Amlak US$2.7 billion restructuring
Trade Finance Deal of the Year: EXIM US$$300 million sukuk
These awards are many in a long line of wins for the firm's Global Islamic Finance practice which is headed by Qudeer Latif and supported by a range of experts including Capital Markets expert, Stuart Ure, who is active on the firm's sukuk deals. The firm is also holds the title of the Best Islamic Advisory Firm, Euromoney Islamic Finance Awards.
2014 saw Clifford Chance advise on several cutting-edge deals around the world, many of which helped to establish new modes of Islamic financing in markets including the UK, South Africa, Senegal, South Africa, Malaysia, and the Emirate of Sharjah in the UAE. In particular, the Clifford Chance team advised on all of Africa's cross-border Islamic financings - two sovereign sukuk, Safi IPP in Morocco and Al Sharkeya Sugar in Egypt, more than any other law firm.
Importantly, Clifford Chance continues to contribute to the development of the Islamic finance economy through the development of new standards, including acting as lead adviser to the International Islamic Finance Market on the development of the collateralised murabahah master agreement.
"We are immensely proud of the achievements of our global Islamic finance practice and the continuing work our clients are involved in, particularly in emerging markets such as Africa. The deals we have worked on recently, demonstrate that Islamic finance is not only accessible but increasingly a popular method of sourcing funds" remarked Qudeer Latif, Global Head of Islamic Finance at Clifford Chance.
Clifford Chance's leading international finance practice has over 700 legal advisers worldwide. The practice provides commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance. It regularly advises regulatory authorities, supranational bodies, governments and government agencies. For more information please visit: www.cliffordchance.com/legal_area/banking_and_finance.html
Clifford Chance is one of the world's pre-eminent law firms with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, we pride ourselves on our approachable, collegiate and team based way of working. We always strive to exceed the expectations of our clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not for profit organisations. We provide them with the highest quality advice and legal insight, which combines the Firm's global standards with in-depth local expertise.
Clifford Chance was ranked 'tier one' in more cross-border tables than any other firm in the Chambers Global 2014 Directory. This independent analysis focuses on firms' legal ability, professional conduct, client service, and commercial awareness, and these rankings provide outstanding recognition for the Firm's breadth of expertise and consistency of quality across global markets.
For further information about Clifford Chance see www.cliffordchance.com
For further information about this release contact Magdalena Suder on +971 4 362 0444.
© Press Release 2015
