The firm has kept abreast with the rapid development of the Libyan banking and finance sector since the introduction of Law No.1/2005 (Banking, Monetary Policy and Currency) and has been involved in advising on major project financings and pioneering the practice of Libyan law in that regard in line with the interests of lenders and financial institutions. The following are some of the banking and finance matters the firm has advised on: • Advised an international club of banks on the first limited recourse project finance in the tourism sector • Advised an international club of banks on proposed financing of a major tourism development • Advised a major US bank on US$200,000,000 syndicated murabaha financing facility for an international company with a presence in Libya • Advised a major European bank on a US$20,000,000 revolving credit facility for the purchase of an oil rig • Advised several international banks on the sale of structured financial products to Libyan sovereign entities and banks • Advised major international banks bidding on the privatization of Sahara Bank and Wahda Bank |
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