BANKING & FINANCE

We act for lenders, borrowers, issuers, underwriters, sponsors and venture capital firms in all sectors on a wide range of financing, including acquisition and project finance, financial restructuring, derivatives and financial products, syndicated loans, conventional banking business, and Islamic banking issues.  We also advise international banks and financial companies on regional regulatory matters and approvals required to operate and comply with central bank requirements and financial service regulators.

Recent Representative Matters:

• Advised IFC and Lebanon’s largest bank on the combined debt and equity investment in an IPP owned by a leading power generation company in the Kurdistan Region of Iraq
• Advised IFC on the financing of the Unit IPP in Zakho in the Kurdistan Region of Iraq
• Advised IFC and other lenders (including DEG) on the US $400 million refinancing of the Iraqi operations of a Kuwaiti mobile telecommunications company
• Advised IFC and Proparco on the financing of the Iraqi operations of a French industrial company
• Advised an international technology company on the proposed debt and equity investment in an Iraqi power plant
• Advised a German multinational investment bank and an American investment bank on a proposed sovereign debt transaction with the Kurdistan Regional Government
• Advised a Chinese contractor on an EPC+F transaction for the extension of a refinery in the Kurdistan Region of Iraq
• Advised a Chinese contractor on an EPC+F transaction for the expansion of a power plant in the Basra area
• Advised KfW on a EUR 500 million untied facility extended to the Republic of Iraq
• Advised UKEF on the financing of a waste water treatment plant in the Kurdistan Region
• Advising the financing vehicle of an international supplier of telecom equipment on an ongoing basis on the vendor financing of telecom equipment supplied to an Iraqi mobile operator
• Advising a UK based fund on forward sales of Iraqi oil
• Advised a major multinational construction company on USD1.2 billion infrastructure project in Kurdistan
• Advised foreign banks on numerous bond issues relating to Iraq
• Advised a European bank on USD1.5 billion secured loan to a leading local corporation for the acquisition and operation of a power plant in Kurdistan
• Advised an ECA on the first sovereign financing in Kurdistan