We have acted for global, regional and local banks, private equity funds and foreign capital investors and developers on a range of innovative finance deals in the market.
We have acted on the financing of oil drilling rigs, oil transport tankers, hotels and investment projects. Through the closure of a series of first-of-kind deals, we understand how to import and restructure western and Islamic finance principles so that they may form valid, binding and enforceable obligations under Libyan law. We have the capability of running a finance transaction, from the due diligence to managing the closure of conditions precedent and conditions subsequent.
We also have significant experience in establishing projects under the foreign direct capital investment laws and regulations. Uniquely, we are one of the few that have advised on the successful, non-litigious, divestment of a foreign shareholder from an investment portfolio held in Libya.
Highlights of our experience include
A major Libyan sovereign entity on the restructuring of a multi-billion dollar investment portfolio in Europe and Sub-Saharan Africa.
A major international bank on the sale and trading of structured financial products with Libyan sovereign buyers.
Calyon Investment Bank - a US$175,000,000 syndicated loan for purchase of three oil tankers by the General National Maritime Transport Authority, the first Libyan ship finance deal.
APICORP - a US$30,000,000 asset finance facility for purchase of oil drilling rig by ADWOC, a Libyan drilling company.
Arab Banking Corporation - a US$40,000,000 murabaha facility agreement for purchase of equipment by the Great Man Made River Project.
Arab Banking Corporation - the US$16,000,000 project financing of the Al Waddan Hotel, the first Libyan tourism project financed by international banks on a limited recourse basis.