White & Case Wins Four IFN Awards for 2015
Islamic Finance News (IFN) has named White & Case as the winner of four IFN Awards for work undertaken in 2015, including two Best Law Firm awards, for Energy and Natural Resources and for Structured Finance. The annual awards "reward the best in their field—not only the largest or the most active legal firms but the most inventive and the most progressive in terms of expansion, innovation and development," according to IFN.
Announcing the Firm as the "Best Law Firm in Structured Finance," IFN noted: "The win for White & Case was with particular reference to its work advising Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Al-Hilal Bank, Mashreq Bank, Ajman Bank, Arab Bank, National Bank of Fujairah and Noor Bank in relation to a US$420 million structured Islamic asset-based financing for the Zakher Marine Group…. The complex multi-jurisdictional Islamic financing was two-times oversubscribed and included term and working capital facility tranches."
In naming White & Case "Best Law Firm in Energy and Natural Resources," IFN observed: "The firm has a strong regional presence, working on deals including the multi-billion dollar Hassyan coal-fired IPP Project in Dubai with DEWA, as well as projects in Egypt (including a 2,640 MW coal-fired power generation plant in Ayoun Moussa), Jordan (seven solar power projects in collaboration with the ICD) and Iraq (a US$35 million financing to develop and construct a 550 MW open cycle gas-fired power plant, a 400 kV substation and a 400 kV overhead line located in Zakho, Northern Iraq)."
In addition to its double "Best Law Firm" win, White & Case received two IFN Deals of the Year awards: "Saudi Arabia Deal of the Year" for the Firm’s representation of Saudi Arabian Oil Company in its syndicated US$10 billion revolving credit facilities (divided into two US dollar conventional tranches in an aggregate value of US$7 billion) and two Saudi riyal murabaha tranches in an aggregate value of US$3 billion), and "Hybrid Deal of the Year" for representing IFC in connection with a US$18 million Islamic project financing to be provided to Al Safi Danone Company Ltd., Iraq.