Islamic finance awards 2014: Clifford Chance
Best Islamic legal adviser
No other law firm worldwide appears on a greater range of important Islamic deals than Clifford Chance, and no other firm is consulted by so many of the regulators and standard-setters whose decisions will shape the industry’s development.
Clifford Chance has dedicated Islamic finance teams in London, the Middle East and Asia, and this shows in the geographical range of transactions on which it appears. During our review period, for example, there were roles on the SR9 billion credit facility for Saudi Arabia’s Ma’aden, the financing of an integrated acrylates complex in Saudi, and a SR15.2 billion sukuk for Saudi’s General Authority of Civil Aviation; a trade finance deal for Viva Kuwait and a sukuk for the Republic of Turkey; a $1 billion deal for Malaysia ExImBank; and a new Shariah-compliant trading platform for Emirates Islamic Bank.
The firm was also a key adviser on the development of the Isda template, a vital measure to bring standardization to Islamic derivatives; is a lead counsel on several International Islamic Financial Market initiatives; and is representing both the Hong Kong FSA and the Auditing and Accounting Organization for Islamic Financial Institutions.