Clyde & Co is first international law firm to open in Libya post-Arab Spring
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu July 12, 2012 12:07 pm

UAE. Clyde & Co will operate from Tripoli Tower and will be open from 1 August 2012.
 
Libyan lawyer Albudery Shariha will join Clyde & Co from the Libyan Investment Authority, where he was General Counsel, to head the Tripoli office. He will be joined by four associates on 1 August and, given the level of enquiries received, Clyde & Co will be actively recruiting both Libyan and international lawyers in the coming months.

The Tripoli-based team will be supported by dedicated multilingual Libya desks in London, Abu Dhabi and Dubai.
 
Albudery Shariha said: "Libya is embarking on an exciting new phase this month and there are significant opportunities as the country rebuilds. Clyde & Co, with its long history of Middle East and African involvement and its energy and infrastructure expertise, is perfectly placed to advise clients looking to the Libyan market.
 
Adrian Creed said: "Albudery is one of the foremost lawyers in Libya and we are delighted that he is driving forward this initiative. His expertise will be invaluable. We expect to undertake a mix of contentious and non-contentious work for Libyan government entities and international clients. A large number of companies are actively exploring opportunities in Libya and we envision a steady increase in activity."
 
Clyde & Co partner and board member Ben Knowles said: "Clyde & Co has never shied away from working in fast-moving and challenging jurisdictions. As patterns of global trade have shifted, the firm has actively invested in our emerging markets network to meet the evolving needs of our clients. We are thrilled to launch in Tripoli and to build on our existing Libyan practice. We believe the office has huge growth potential."
 
The firm has been present for nearly 25 years in the Middle East with offices in Abu Dhabi, Dubai, Doha and via an associated office in Riyadh. Clyde & Co is currently advising the Libyan Government on a number of matters.

Photo: Ben Knowles, Clyde & Co partner and board member. 
 
 
About Clyde & Co
Clyde & Co is a global law firm with a pioneering heritage and a resolute focus on its core sectors of aviation, energy, infrastructure, insurance, marine, professional practices and trade. With over 1,350 lawyers operating from 27 offices in five continents, the firm advises corporations, financial institutions, private individuals and government bodies. The firm has a particularly strong reputation for its work on complex cross-jurisdictional disputes and transactional matters.
 
The firm is renowned for its work in emerging markets, being the largest international firm in the Middle East and with a rapidly expanding network across Asia, Latin America and Africa.
 
Clyde & Co offices include: Abu Dhabi, Belgrade*, Caracas, Dar es Salaam, Doha, Dubai, Guildford, Hong Kong, London, Manchester, Montreal, Moscow, Mumbai*, Nantes, New Delhi*, New Jersey, New York, Oxford, Paris, Piraeus, Rio de Janeiro, Riyadh*, San Francisco, Shanghai, Singapore, St Petersburg*, Toronto

The firm has recently announced that it will open offices in Australia in Sydney and Perth on 1 October 2012and has alliances with Khan Lex Advocates in Mongolia and Scanlen and Holderness in Zimbabwe.

*associated offices

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
dhgate