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Firm News December 15, 2023
Gibson Dunn Advises the Kingdom of Saudi Arabia in Connection with an $11B Loan Credit Facility
Gibson, Dunn & Crutcher LLP acted for The Kingdom of Saudi Arabia in connection with a US$ 11,000,000,000 Senior Unsecured Term Loan Credit Facility coordinated and arranged by Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch. It is the largest loan in EMEA in 2023.
Client Alert June 14, 2021
The Discontinuation of IBORs and Its Impact on Islamic and UAE Transactions
Gibson Dunn lawyers discuss the loan market's transition away from inter-bank offered rates (IBORs) to risk free rates (RFRs) and how market participants, particularly in Islamic transactions, can prepare for forthcoming changes to avoid uncertainty in their financing agreements or other contracts.
Client Alert June 1, 2021
100% Foreign Ownership Permitted in the UAE
The UAE Commercial Companies Law (the “CCL”) has been amended to permit 100% foreign ownership of companies incorporated in the UAE under the CCL, commonly known as “onshore” companies.