Clyde & Co named UAE ‘Firm of the Year’ for Restructuring expertise

(LAWFUEL) – Asian-Counsel magazine has named Clyde & Co as ‘Firm of the Year 2008’ for the UAE as a result of the firm’s expertise in ‘Restructuring’. Clyde & Co is the largest international law firm in the GCC.

Asian-Counsel Firms of the Year are selected annually on the basis of votes and testimonials of senior in-house counsel across Asia and the UAE. The annual survey is one of the largest surveys of in-house counsel in Asia and the Middle East. Participants are asked which law firms are their preferred external partners.

‘Restructuring’ as covered by the survey includes:
• Restructuring prior to public listing, or company or asset sale;
• Insolvency law;
• Re-organization of functions and Sale of assets;
• Bankruptcy Law;
• Refinancing of debt; and
• Outsourcing operations.

Clyde & Co’s Financial Services and Corporate practices collectively cover the areas specified, operating across the firm’s Abu Dhabi, Dubai and Doha offices.

Examples of Clyde & Co’s work in this area over the last year include advising on the first insolvency in the DIFC (Forsyth Partners), the restructuring of Rivoli Group’s retail operations prior to sale of part of the company to Dubai International Capital (DIC), and advising on restructuring related to the USD 2.4 billion private acquisition of the Dubai Pearl project.

Ashley Painter, the head of Clyde & Co’s Middle Eastern Financial Services practice commented, “This is pleasing recognition for the hard work put in by every member of our financial services and corporate teams. The market here is moving quickly to the next level of sophistication, which makes it an exciting time to be involved in so many significant projects and developments.”

The firm’s standing and expertise was further recognised earlier this year when it was ranked by the highly regarded Legal 500 legal directory as the overall top law firm in the UAE for the fourth successive year.

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Notes to editors:
Clyde & Co:

Middle East: Clyde & Co is the largest international law firm in the GCC with over 130 specialist lawyers and paralegals operating as a single unit from offices in Dubai and Abu Dhabi in the UAE, and in Doha, Qatar.

The firm, which has been ranked in 2008 as the top law firm in the UAE for the fourth successive year by the international legal directory ‘Legal 500’, is one of the few law firms in the region with a ‘full service’ capability and has particular strengths in aerospace, banking & finance, cross-border trade & investment, intellectual property, international arbitration, trade disputes, mergers & acquisitions, corporate & commercial law, shipping, insurance, media & telecommunications, energy, capital markets, real estate & construction, and technology.

International offices: Clyde & Co is a leading international law firm with over 1,200 employees worldwide. The firm has offices in Abu Dhabi, Caracas, Doha, Dubai, Guildford, Hong Kong, London, Moscow, Nantes, New York, Paris, Piraeus, Rio De Janeiro, San Francisco, Shanghai and Singapore and associate offices in Belgrade and St Petersburg. The firm also has an exclusive co-operation agreement with a major law office in Iraq.

For further information about Clyde & Co in the Middle East please contact
Clinton Swan – Business Development & Marketing Manager (Middle East Region)
Clyde & Co
Tel: +971 4 312 8568
[email protected]

For further international information about Clyde & Co internationally please contact
Lisa Mercer – Head of Communications, London
Clyde & Co
Tel: +44 (0)20 7648 1981
[email protected]

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