backDUBAI, Jan. 14, 2016 — Islamic Finance News (IFN) has recognized King & Spalding as the Best Law Firm for Asset Management and Project Finance, and has honored the firm with the Kuwait Deal of the Year award. In addition, IFN awarded King & Spalding an honorable mention for its role as counsel in a high-profile transaction for Arabian Company for Water and Power Development (ACWA) Holdings. This deal has also been named Industrial Deal of the Year by Project Finance International, a Thomson Reuters publication.
The IFN Kuwait Deal of the Year was for the National Industries Holding Group and International Sukuk Company’s syndicated KWD85 million (US$279.55 million) commodity Murabaha and KWD11.5 million (US$37.82 million) privately placed Sukuk Issuance. The King & Spalding team on that deal was led by partner Rizwan H. Kanji, who was assisted by transactional specialist Gina Bunker.
The deal that earned an honorable mention from IFN and an Industrial Deal of the Year title from Project Finance International was a US$1.7 billion project financing for ACWA Holdings in relation to the largest industrial gases deal in the world, and the first-ever deal of its kind to be financed exclusively on a wholly Shari’ah-compliant basis. The King & Spalding team on that deal was led by partners Leroy Levy and Michael Rainey.
About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.