DEPARTMENT PROFILE

Latham & Watkins LLP

Capital Markets

2 ranked lawyersBand 2United Arab EmiratesGlobal 2021 View ranking table

Chambers Review

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What the team is known for

Active on cross-border matters throughout the Middle East. The UAE team has a particular reputation for its expertise in Saudi transactions and also has strong experience of working with sovereign and quasi-sovereign entities. Well versed in major sukuk transactions, complemented by its wider skills in Islamic finance and Shari'a-compliant products. Also adept at equity matters, often representing underwriters in IPOs. In addition to transactional work, it frequently provides regulatory advice to domestic and international clients, and assists with liability management and restructuring issues.

Strengths

One client stated: "They're very thorough and very diligent. Their opinions, even when we call on them with ad hoc requests, are very considered."

Another client found the firm to be "very collaborative, prompt and also very measured with the advice they give," further noting: "They're well practised in deal execution and have a big-picture view of things throughout the process."

Work highlights

Acted for the 25 underwriting banks on the USD29.4 billion IPO of Saudi Aramco, reportedly the world's largest-ever IPO.

Notable practitioners

Harj Rai is widely agreed to be an expert on debt capital markets in Saudi Arabia, with skills both in sukuk and in conventional issuances. He acts for a range of underwriting financial institutions and also has notable experience representing issuer clients in the real estate sector.

Nomaan Raja is highly adept in both conventional and Shari'a-compliant debt capital markets across the region. He regularly acts for clients in the real estate and oil and gas sectors, as well as government entities. A client stated: "I have confidence in everything he says," adding that "he truly understands the perspectives of clients and what is best practice." In addition, sources note that his advice is delivered in a "very thoughtful and practical" way.

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

United Arab Emirates

Capital Markets: Debt


Harjaskaran Rai
Foreign expert for Saudi Arabia
Nomaan Raja
Band 2