Firm / Organisation

Cortbaoui & Kanaan

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This content is provided by Cortbaoui & Kanaan.

Number of partners: 3
Number of lawyers: 12
Languages: Arabic, English, French

Firm Overview:
Cortbaoui & Kanaan is a broad based legal practice that is growing fast as one of Lebanon’s leading law firms, advising its clients on all matters relating to banking and finance, capital markets and securities regulations, corporate law, commercial law, public and administrative law, privatisation and public private partnership law, civil law, real estate law, construction law, insurance law, tax law, labour law and telecommunications law. Multicultural, with the experience to operate in both the common and civil law systems, the firm’s lawyers are graduates of top universities in Lebanon, France, the USA and the UK, and are fully in touch with various legal traditions in the Middle East, Europe and the United States. Cortbaoui and Kanaan is recognised for its leadership, innovation and efficiency. It is committed to providing the best quality of legal services with dedication, passion and integrity.

Main Areas of Practice:

Banking & Finance:
■ Representation of a Lebanese bank on a circa US$300m facility provided to a Lebanese company for the purchase of a substantial minority state in a Tier 1 Lebanese bank operating in Lebanon and the Middle East
■ Representation of two Lebanese banks acting as arrangers and underwriters of a US$144m project finance facility granted in connection with the construction and development of a commercial mall in Lebanon
■ Representation of a Lebanese company on a US$250m facility granted by a consortium of Lebanese banks for the purchase of a real estate portfolio

Corporate & Commercial:
■ Representation of a leading multinational dairy products company headquartered in France in its multimillion dollar acquisition of a majority stake in two local Lebanese companies involved in the manufacturing and distribution of food products in Lebanon, Syria, Jordan, Kingdom of Saudi Arabia, Qatar, United Arab Emirates and Yemen
■ Representation of a group of Lebanese investors in their multi-million dollar acquisition of all the shares of the company owning and operating one of the biggest supermarket chains in Lebanon and neighbouring countries. The size of the transaction makes it one of the largest (if not the largest) in the food sector in Lebanon
■ Representation of a client in its multi-million dollar divestment of a group of companies owning and operating a landmark real estate project in Lebanon
■ Representation of a company that has entered into a BOT agreement with a governmental agency in connection with an equity financing round fully subscribed by a foreign multinational company
■ Representation of a company in connection with the multi-million dollar purchase of a steel manufacturing company in West Africa Capital Markets:
■ Acted as legal counsel as to Lebanese law to a dealer manager in connection with the issuance by a Tier 1 Lebanese bank of certificates of deposit for an amount of US$300m, and an exchange offer conducted by the issuer with respect to certain of its outstanding deposit certificates
■ Acted as legal counsel as to Lebanese law to joint dealer managers and joint bookrunners in connection with the issuance by a Tier 1 Lebanese bank of certificates of deposit for an amount of US$300m
■ Acted as local counsel as to Lebanese law in connection with the establishment by a Lebanese bank of a USD1bn certificates of deposit issuance programme, and its approval by the Central Bank of Lebanon and the Capital Markets Authority

Litigation & Arbitration:
The firm represents clients in all types of challenging and complex disputes before all courts and arbitration panels in relation to commercial contracts, shareholders disputes, property disputes, construction contracts, expropriation, personal liability claims, insurance claims, financial claims, employment claims, intellectual property claims, etc. Chakib Cortbaoui has also been appointed as arbitrator in several commercial disputes, including in the arbitration with the Lebanese government relating to constructions at the airport of the Beirut-Rafic Hariri International.

Public Law/Public Private Partnership:
■ Acted as legal counsel to one of the three bidding companies that were awarded a licence by the Lebanese Council of Ministers to produce electricity from wind power out of a 66MW wind farm facility for a period of 20 years subject to the connection of the produced electricity to Eléctricité du Liban’s grid
■ Acted as legal counsel to a leading postal company in Lebanon in all matters relating to its day to day business as well as to its relationship with the government of Lebanon
■ Represent an independent port operator that was awarded a concession for the development and operation of a new container terminal at the Port of Tripoli in Northern Lebanon for a period of 25 years. The firm assists it in all aspects of its corporate and commercial transactions as well as with its relationship with the government of Lebanon
■ The firm acts as general legal advisor to the High Council for Privatisation and PPP

Contributions

Total 1 contributions

FinTech 2019 Law and Practice in Lebanon

Wadih Cortbaoui, Neyla Rahal, Grace Fattal, Claire Ramadan

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