Robert Vydra | White & Case LLP International Law Firm, Global Law Practice

Robert Vydra

Partner, Riyadh

T +966 11 404 5932

T +966 55 001 5326 (mobile)

E rvydra@whitecase.com

Overview

Robert is a partner in our Capital Markets practice. Robert focuses on capital markets (both Islamic and conventional), Islamic Finance and real estate, providing clients with practical solutions to their business needs in fluctuating and complex markets.

Robert has represented issuers and financial institutions in connection with dozens of public and private offerings of securities in Europe, Asia and the Middle East with admission to trading on the Saudi Stock Exchange (Tadawul), the London Stock Exchange and elsewhere.

He has also represented the owners of, and investors in, numerous complex real estate projects, spanning the full range of transaction types and asset classes, usually involving cross-border aspects and multinational counterparties. Robert has particularly extensive experience with the development of special purpose industrial properties, having participated in several dozen of such development projects with large multinational companies (both on freehold and leasehold basis).

In addition to his Islamic Finance and Capital Markets experience, Robert has also gained significant Saudi Arabian real estate experience (having drafted various agreements, including hotel management agreements, property management agreements and development agreements) involving large multinational companies, such as Sanofi-Aventis Arabia Co. Ltd. (development of a factory for the manufacturing and distribution of pharmaceutical and para-pharmaceutical products), Mars Saudi Arabia (development of a factory for the manufacture of food products), Pfizer Saudi Limited (development of a facility for the manufacturing, storage and sale of biopharmaceutical and other healthcare products) and Rajhi Steel Industries Company (development of an integrated steel production complex). Moreover, Robert held the position of General Counsel at EMAAR, The Economic City (EMAAR) (a publicly listed master planner and developer of King Abdullah Economic City (KAEC) in Saudi Arabia, one of the largest real estate development projects in the world with 168 million m2 of land being developed and designed to house up to two million inhabitants and generate up to one million employment opportunities).

Robert has also gained experience during his time as in-house counsel, (in addition to acting as the General Counsel at EMAAR, he was also the General Counsel at one of the largest manufacturers in the automobile industry).

Bars and Courts

  • New York State Bar

Education

  • JD, Columbia University School of Law
  • Maîtrise en Droit International – Droit des Affaires, Université de Paris I Pantheon Sorbonne

Languages

  • English
  • French
  • Slovak

Experience

Issuance by Dar Al-Arkan Real Estate Development Company of US$450 million Sukuk Al-Wakala, representing the issuer. This was the first Sukuk by a Saudi Arabian corporate issuer to be sold in the United States pursuant to Rule 144A, and the first high-yield Sukuk by an issuer from the GCC. In addition, the issue used an innovative Wakala structure to address the concerns about foreign ownership of land in the Kingdom of Saudi Arabia to provide Dar Al-Arkan Real Estate Development Company with the flexibility to introduce new development projects into the structure, and to allow additional funding for existing development projects. This was achieved through the investment by the Wakeel in Ijara and Murabaha contracts as part of the investment portfolio.

Public offer by Saudi Hollandi Bank of a SAR 725 million Sukuk due 2019 callable with step-up in 2014 qualifying as Lower Tier II capital for Saudi Arabian regulatory purposes, representing Saudi Hollandi Capital and Riyad Bank (acting as joint bookrunners and joint lead managers).

Issuance by Abu Dhabi Islamic Bank PJSC of AED 2,000,000,000 Tier I Capital Sukuk to the Government of Abu Dhabi, representing the issuer.

Rights issue of 200 million shares by Etihad Etisalat Company (Mobily), with an aggregate value of SAR 2 billion, representing the issuer.

Issue of JPY 30 billion (approximately US$305.4 million) Samurai bonds by the Slovak Republic’s €2,000,000,000, representing the issuer.