ID :
20765
Tue, 09/23/2008 - 15:49
Auther :
Shortlink :
http://m.oananews.org//node/20765
The shortlink copeid
ZAID IBRAHIM & CO BECOMES FIRST S.E. ASIAN LEGAL FIRM IN DIFC
DUBAI, Sept 23 (Bernama) -- Malaysia's Zaid Ibrahim & Co has become the
first South East Asian law firm to receive a licence from the Dubai Financial
Services Authority to provide legal services to local, regional and
International clients in and from the Dubai International Financial Centre
(DIFC).
The firm's operations in Dubai is being headed by senior associate, Farid
Hussain.
"World-class legal firms are an important element of the industry value
chain in the DIFC as they provide key services that enable financial companies
to operate efficiently," Nasser Al Shaali, the chief executive officer of DIFC
Authority said in a statement.
He said the DIFC is keen to attract quality legal firms like Zaid Ibrahim
&
Co as part of its efforts to build an even stronger and more productive industry
cluster.
"Our expert team of lawyers with an established track record of structuring
Islamic finance and banking deals as well as cross-border merger and
acquisitions are now ready to assist Malaysian and South East Asian clients
seeking legal and business support in Dubai and the Middle East.
"This also applies to other international clients based in the Middle East
with interests in Malaysia and Asean," said Dr Nik Norzrul Thani, chairman
of Zaid Ibrahim & Co.
Zaid Ibrahim & Co is Malaysia's largest law firm with more than 160 lawyers
in an extensive network of regional offices in the Asean region, including
Singapore, Jakarta, Bangkok, Hanoi, Ho Chi Minh City and now, Dubai.
According to the DIFC statement, the firm has structured some of the most
innovative financing transactions to date, such as the one in Brunei where it
was appointed advisor for the first issuance of the US$100 million Islamic bonds
based on the syariah principles of Sukuk Al-Ijarah.
It also advised the Dubai Investment Group on the acquisition of Bank
Islam,
Malaysia's oldest Islamic bank.
Zaid Ibrahim & Co has existing mandates to advise clients in and outside
Malaysia on a range of investments, including the setting up funds, and has been
chosen to advise on the development of a legal and regulatory framework for
Islamic financial services in the region.
This includes the drafting of legislation and guidelines in the Middle
East.
The DIFC is an onshore hub for global finance. In just three years, over
700
firms have registered with the DIFC.
first South East Asian law firm to receive a licence from the Dubai Financial
Services Authority to provide legal services to local, regional and
International clients in and from the Dubai International Financial Centre
(DIFC).
The firm's operations in Dubai is being headed by senior associate, Farid
Hussain.
"World-class legal firms are an important element of the industry value
chain in the DIFC as they provide key services that enable financial companies
to operate efficiently," Nasser Al Shaali, the chief executive officer of DIFC
Authority said in a statement.
He said the DIFC is keen to attract quality legal firms like Zaid Ibrahim
&
Co as part of its efforts to build an even stronger and more productive industry
cluster.
"Our expert team of lawyers with an established track record of structuring
Islamic finance and banking deals as well as cross-border merger and
acquisitions are now ready to assist Malaysian and South East Asian clients
seeking legal and business support in Dubai and the Middle East.
"This also applies to other international clients based in the Middle East
with interests in Malaysia and Asean," said Dr Nik Norzrul Thani, chairman
of Zaid Ibrahim & Co.
Zaid Ibrahim & Co is Malaysia's largest law firm with more than 160 lawyers
in an extensive network of regional offices in the Asean region, including
Singapore, Jakarta, Bangkok, Hanoi, Ho Chi Minh City and now, Dubai.
According to the DIFC statement, the firm has structured some of the most
innovative financing transactions to date, such as the one in Brunei where it
was appointed advisor for the first issuance of the US$100 million Islamic bonds
based on the syariah principles of Sukuk Al-Ijarah.
It also advised the Dubai Investment Group on the acquisition of Bank
Islam,
Malaysia's oldest Islamic bank.
Zaid Ibrahim & Co has existing mandates to advise clients in and outside
Malaysia on a range of investments, including the setting up funds, and has been
chosen to advise on the development of a legal and regulatory framework for
Islamic financial services in the region.
This includes the drafting of legislation and guidelines in the Middle
East.
The DIFC is an onshore hub for global finance. In just three years, over
700
firms have registered with the DIFC.
