Firm / Organisation

Meysan Partners

Current View:

This content is provided by Meysan Partners.

Managing Partner: Bader El-Jeaan
Number of partners: 4
Number of lawyers: 30
Languages:Arabic, English, French, German, Italian

Firm Overview:
Meysan Partners was established in January 2015, with its inaugural office in Kuwait. Its client includes some of the largest regional blue-chip companies, family groups, multinational corporations, international financial institutions, sovereign governments and their agencies, domestic corporations, financial institutions, as well as high net worth individuals. Meysan Partners seeks to set itself apart by offering high quality, innovative legal advice delivered by a team of highlyexperienced Arabic and English speaking lawyers. This is underpinned by over 85 years of combined legal experience in the Middle East shared by its partners who, in recent years, have advised clients across a range of industry sectors on some of the most noteworthy and complex transactions and disputes in the region. The firm’s clients list includes regional bluechip companies and family groups, multinational corporations, international financial institutions, sovereign governments and their agencies, domestic corporations and financial institutions, as well as high net worth individuals. Meysan Partners adopts a boutique approach to its practice, limiting the number and type of matters it undertakes, in order to ensure the highest quality offering for its clients. Meysan Partners strives to maintain a ratio of associates to partners significantly below that of other firms in the region, and generally focus on matters that require the focus and experience of its partners, particularly in relation to cross border regional transactions and high-stakes commercial litigation.

Main Areas of Practice:

Corporate/M&A:
4 partners and 6 associates based in Kuwait
M&A:
Meysan represents a diverse range of multinational and domestic companies and financial institutions in not only the region’s largest mergers and acquisitions, but also many first-of-their-kind transactions in the region.
■ Advised Al-Khair National for Stocks and Real Estate Company WLL, Gulf National Holding Company K.S.C.C., and Kuwait British Readymix Company WLL on the sale of ordinary shares representing 12.063% of the issued share capital of Mobile Telecommunications Company ‘Zain’ to Oman Telecommunications Company S.A.O.G valued at $1.58 billion
■ Advised Mobile Telecommunications Company ‘Zain’ on the sale of its entire block of treasury shares, representing 9.84% of Zain’s share capital, to Oman Telecommunications Company (‘Omantel’) valued at $846 million
■ Advised National Investment Company KSCP on the first ever corporate merger in Kuwait under the new 2015 merger regulations set out by the capital markets authority, the CMA. The merger involved two NIC affiliates regulated by the CMA as financial brokerage companies
■ Advised the shareholders of Abyat Megastore in the sale of a 35% strategic interest in Abyat Megastore to Saudi Arabian regional conglomerate, Al Muhaidib Group
■ Advised the shareholders of Talabat.com on its acquisition for $170 million by German E-commerce group, Rocket Internet AG. The deal represents one of the largest ever tech acquisitions in the MENA region
■ Tristar Transport LLC on its acquisition of Abu Dhabi-based Emirates Ship Investment Company, also known as ‘Eships’, from Egon Oldendorff GmbH & Co. KG, a company of the Oldendorff Group
Contact: Bader El-Jeaan (Senior Partner)
Tel: +965 2205 1000
Email: [email protected]

Corporate Finance/Capital Markets:
4 partners and 6 associates based in Kuwait
Capital Markets:
For the past years, Meysan Partners has been recognised as one of the leading capital markets practices in the region, advising on complex capital markets structures across the region for multinational and domestic financial institutions and corporations. Clients rely on the firm’s global perspective and on its in-depth knowledge and understanding of local and regional laws.
Representative transactions for the firm’s lawyers include advising:
■ National Bank of Kuwait on their most recent public rights issue of KD137 million in June 2016 in compliance with Basel III standards. The rights issue was the first for a leading bank under the new capital markets regulations in Kuwait
■ Boubyan Bank in their recent Tier 1 Sukuk issuance of USD250 million in May 2016 in compliance with Basel III standards, the first ever globally and the first under the new Kuwaiti regulations on Sukuk issuance. Meysan Partners acted as underwriters’ counsel. This issuance was under English Law
■ Gulf Bank in their Tier 2 Bonds issuance of KD100 million in May 2016 in compliance with Basel III standards, the first for a leading bank under the new Kuwaiti regulations on bonds’ issuance
■ Ahli United Bank in their recent Tier 1 Sukuk issuance of USD 200 million in October 2016 in compliance with Basel III standards
■ Warba Bank in their recent Tier 1 Sukuk issuance of USD200 million in compliance with Basel III standards, that is still ongoing
■ Markaz Financial Centre in their recent bonds issuance scheduled for closing in December 2016. Meysan Partners acted as issuer’s counsel
■ The Kuwait Capital Markets Authority on the privatisation and IPO of the Kuwait Stock Exchange, including the structuring of the privatisation under the new Kuwait Companies Law, and the drafting of the special law on the privatisation of the Kuwait Stock Exchange
Contact: Tarek Yehya (Partner)
Tel: +965 2205 1000
Email: [email protected]

Project Development:
4 partners and 6 associates based in Kuwait
Meysan Partners advised on the development, financing, and projects of some of the most cutting-edge transactions in the region in the oil and gas sector. These includes public-private partnerships, acquisitions and divestitures (including privatisations), private equity investments, debt restructurings, tax equity transactions and the resolution of political risk claims and investment disputes. The firm excels in helping clients craft sophisticated solutions to issues that arise in connection with projects in all major industries in the region. The firm’s clients include sponsors, project companies, lenders, private commercial and investment banks, placement agents, underwriters, export credit agencies, multilateral lending institutions, suppliers, contractors, off-take purchasers and advisors.
Representative transactions for the firm’s lawyers include advising:
■ The Strategic Investor in the Kuwait Health Assurance Company Kuwait Media City Company,
■ National Waste Management Company and Boubyan Petrochemicals Company, sponsors of the $120 million Amghara Solid Waste Treatment Project in Kuwait
■ Mubadala, in negotiating and drafting the Development and Production Sharing Agreement and the Joint Venture Agreement relating to Project Dolphin, the landmark project to develop a tract of Qatar’s giant North Field and produce up to 2 billion cubic feet of gas per day for export to the United Arab Emirates
■ National Bank of Kuwait as lead arranger in the $475 million Sulaibiya Wastewater Project in Kuwait, the first BOT in the State of Kuwait (Winner of Project Finance Magazine’s Middle East Water Deal of the Year)
■ Petrochemicals Industries Company, privatisation committee and the board of directors with regards to the structuring and implementation of its private sector participation initiative in relation to its polypropylene plant
Contact: Abdulaziz Al-Yaqout (Senior Partner)
Tel: +965 2205 1000
Email: [email protected]

Dispute Resolution:
4 partners and 6 associates based in Kuwait
■ Advised Agility on its successful global settlement of dual criminal and civil proceedings stemming from US government food-supply contracts that company held from 2003 to 2010
■ Represented Ford Motor Company in certain agency disputes in Kuwait
■ Advised Mobile Telecommunications Company ‘Zain’ in a dispute with the Iraq Ministry of Finance related to the imposition of a $185 million alleged capital gains tax in connection with Zain’s acquisition of Iraqna (now Zain Iraq) in 2007, as well as an associated freezing order in respect of Zain’s bank accounts holding well over $400 million
■ Advised Agility in an expropriation-related dispute with the Iraq Communications & Media Commission related to its investment in Korek Telecom, one of Iraq’s largest telecom companies
Contact: Bader El-Jeaan (Senior Partner)
Tel: +965 2205 1000
Email: [email protected]