England - London • Finance

Trowers & Hamlins LLP

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Acting alone, as well as frequently forming part of multi-office teams with colleagues on the ground in key offices across the Middle East and South East Asia, Trowers & Hamlins LLP's London team provides 'high-quality advice' for stakeholders utilising a wide range of Shariah-compliant structures on both inbound and outbound investments. On the domestic front, Katharine Lewis regularly handles real estate work for inward investors, ensuring that their investment vehicles are Shariah compliant, as well as advising banks on Murabaha loans. Lewis is also currently involved, alongside lawyers from the firm's Oman, Bahrain and Malaysia offices, on the advice to Ahli United Bank on all aspects of its conversion from a conventional bank to an Islamic bank. Helen Fysh co-heads the 'highly professional and committed' London-based Islamic finance team alongside Lewis. Senior associate Jonathan Grosvenor is also recommended, particularly as it relates to Sukuk issuances and Islamic derivatives and repo work.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Katharine Lewis and Simon Valner have been core to our recent financing work. They work well as a team.'
  • 'The team provides high-quality advice.'
  • 'The team displays an outstanding level of professionalism and commitment.'
  • 'Great team with a good cross-disciplinary co-ordination. Personable and collegiate. Willing to think proactively.'

Key clients

  • Lembaga Tabung Haji
  • Apache Capital Partners LLP
  • 90 North Real Estate Partners
  • Jade Merchant Bank LLP
  • Permodalan Nasional Berhad (PNB)
  • Warba Bank KSCP
  • Rasameel Investment Company KSCC
  • Dimah Capital Investment Company KSCC
  • Dubai Islamic Bank
  • First Energy Bank
  • Rasmala Investment Bank
  • SEDCO Capital
  • A'ayan Real Estate Company
  • Arbah Capital
  • Sidra Capital
  • Sohar Islamic
  • Oman Takaful Insurance Company
  • Meethaq Islamic Banking, bank muscat S.A.O.G. (Meethaq)
  • Al Muzn
  • Sohar International Bank S.A.O.G.
  • EFG-Hermes UAE Limited
  • Maisarah Islamic Banking Services
  • Sanvira Carbon SFZ LLC
  • Alizz Islamic Bank
  • Nama Holdings
  • Ahli United Bank

Work highlights

  • Advised Sohar International Bank S.A.O.G. and EFG-Hermes UAE Limited as joint global co-ordinator and bookrunner, and Sohar as issue manager and investment manager on the IPO of 208,137,400 units in The Pearl Real Estate Investment Fund (Pearl REIF) to investors across Oman and the GCC, which have been listed on the Muscat Stock Exchange.
  • Advised the banking syndicate led by Al Baraka Islamic Bank B.S.C. (c) (Al Baraka), comprising Bahrain Islamic Bank B.S.C., Khaleeji Commercial Bank B.S.C. and National Bank of Kuwait S.A.K.P. (collectively, the Facility Participants) on the $200m syndicated Murabaha facility made available to Bahrain's Oil and Gas Holding Company (nogaholding).
  • Acted for a Shari'ah-compliant fund sponsored by a joint venture between 90 North and Rasameel (the JV) in relation to a £52.7m property investment loan facility in relation to various student accommodation schemes spread across the UK: with properties in Exeter, Leamington Spa, Edinburgh, Leicester and Cardiff.

Practice head

The lawyer(s) leading their teams.

Katharine Lewis, Helen Fysh

Other key lawyers

Neill Gibson, Moad Giebaly, Simon Valner, Jonathan Grosvenor