Over the past few years, Dubai has established itself as a financial hub within the Arabian Gulf and the Middle East generally. The pace of this growth has escalated with the setting up of the Dubai International Finance Centre (DIFC) and the Dubai International Financial Exchange (DIFX). New financial institutions are regularly entering the UAE market to tap into the ever increasing wealth of the region.
To successfully establish viable banking and finance operations in the region, the advice of competent legal consultants with local knowledge and experience is essential. A maze of regulatory requirements need to be navigated by new entrants into the market and for many financial transactions, a proper understanding of Islamic principles is a prerequisite.
As one of the oldest established legal consultancies in the UAE, Lutfi & Co's well established team of lawyers has developed considerable expertise in advising on all areas of banking and finance law.
We are fully conversant with all aspects of banking regulation and supervision in the region and regularly advise international banks and financial institutions on the establishment of operations in the UAE, DIFC and DIFX.
Lutfi & Co also advise on foreign exchange contracts, setting up of funds and other collective investment vehicles, finance leasing arrangements, secured commercial lending, trade, project and corporate financing arrangements, equity and loan finance and the taking, enforcement and realization of security interests and debt recovery.
In addition to advising on traditional project finance structures, our lawyers have developed increasingly innovative financing solutions for the projects market. We are fully familiar with all forms of bank and capital markets financing.
We have substantial experience of advising on projects that combine different forms of: structured finance techniques such as monetization ; asset acquisitions; Islamic-funding techniques; project bonds; securitizations; portfolio financings; restructurings; investment funds; leveraged finance; borrowing base structures; and derivatives products.
With the growing sophistication of the Middle East banking and finance market, there is increasing need for new and innovative financial products. With our expertise in structured project financing we are able to assist with the underwriting, syndication and securitization of loans and derivatives transactions.