The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Ashurst has won a major Islamic finance instruction, advising on the creation of a $1bn (£700m) offshore sukuk programme.
Ashurst Islamic finance partner Abradat Kamalpour advised Gatehouse Bank as arranger and dealer on the Islamic bond. Milestone Capital, the Jersey-based vehicle issuing the sukuk, instructed offshore firm Carey Olsen partners Alan Stevens and Mark Keeler.
Kamalpour had previously advised Gatehouse Bank while at Dechert, where he played an integral part in building the firm’s Islamic finance offering. He joined Ashurst in August last year, bringing trainee Amr Marar with him.
“The Milestone platform is very timely in that it allows investors access to sharia-compliant funds at transparent and attractive prices,” said Kamalpour.
Gatehouse Bank, a subsidiary of Kuwait-based investment group KSCC, was granted a licence to operate in the UK by the Financial Services Authority in April 2008.
“We have many plans for the Milestone sukuk platform,” said Gatehouse Banks general counsel Adil Hussain. “It has a very flexible architecture in terms of the underlying sharia structure that can be used for each issue.”
To receive our free Lawyer News Daily news and comment email, click here. Or get the latest news, features and comment as it's published with our free RSS feed.