Ashraf Elhadidy
Ashraf Elhadidy
Senior Counsel

Abu Dhabi, UAE – In a significant legal victory, Meysan has successfully secured a favorable judgment for its client, Al Farwaniyah Property Developments LLC, in a high-stakes litigation involving claims exceeding 137,000,000 UAE dirhams.

The case originated when a bank initiated legal proceedings against Al Farwaniyah and other parties, seeking recovery of an amount surpassing 137,000,000 UAE dirhams. The legal team at Meysan adeptly challenged both the standing of its client in the lawsuit and the jurisdiction of the Abu Dhabi courts over the matter.

Through meticulous legal representation, the Meysan team successfully demonstrated to the First Instance Court of Abu Dhabi that Al Farwaniyah Property Developments LLC lacked the requisite capacity to be a party in the lawsuit and that the Abu Dhabi courts were not the proper venue for adjudicating the case.

As a result of these efforts, the First Instance Court of Abu Dhabi issued a ruling in favor of Al Farwaniyah Property Developments LLC, affirming the lack of jurisdiction of the Abu Dhabi courts in this matter. This decision was further reinforced when the Court of Appeal upheld the First Instance Court’s judgment, confirming the initial ruling..

Meysan team was led by partner Abdulla Alnajjar and Counsel Ashraf Elhadidy.

Project Toldeo
Project Toldeo

We are proud to have acted as legal counsel to the Lead Manager and Subscription Agent Kuwait Financial Centre (Markaz) in relation to the successful issuance by Commercial Bank of Kuwait (Al-Tijari) of the Second Tranche of Basel III compliant Tier 2 Bonds with value of KWD 50 million and… Read more

MEYSAN ADVISES WARBA BANK ON SUKUK ISSUANCE
MEYSAN ADVISES WARBA BANK ON SUKUK ISSUA...

We are delighted to announce Meysan’s role as Kuwait law counsel to Warba Bank K.S.C.P., as obligor, in updating the $2 billion Trust Certificate Programme of Warba Sukuk Limited to incorporate a Sustainable Sukuk Issuance Framework and its first issuance of Sustainable Trust Certificates of $500 million (5.351%). This groundbreaking issuance marks the first-ever… Read more

Once again, Meysan international disputes team secures closure of investigation by regional competition regulator
Once again, Meysan international dispute...

This success will ensure the uninterrupted French language broadcast of CAF tournaments on Pay-TV platforms in 13 sub-Saharan jurisdictions until 2028.  The investigation, which commenced in 2017, concluded with the COMESA Competition Commission’s recommendation that the exclusive broadcasting agreement between CAF and Canal+ be terminated at the end of 2024,… Read more

MEYSAN ADVISES BEYOUT INVESTMENT GROUP HOLDING ON SUCCESSFUL OFFERING AND LISTING ON KUWAIT STOCK EXCHANGE
MEYSAN ADVISES BEYOUT INVESTMENT GROUP H...

Kuwait June 11, 2024 - Meysan advised Beyout Investment Group Holding (“BIG”), a family business group managing integrated services portfolios, on the successful offering of 90,000,000 ordinary shares, representing 30% of BIG issued share capital and its listing on the Premier Market of the Kuwait Stock Exchange. This landmark transaction… Read more

MEYSAN ADVISES AGILITY ON LANDMARK USD 4.5 BILLION ABU DHABI SECURITIES EXCHANGE DEBUT
MEYSAN ADVISES AGILITY ON LANDMARK USD 4...

Abu Dhabi — A team of lawyers from international law firm Meysan recently acted as legal advisor to Agility Public Warehousing Company KSCP (“Agility”) on the successful direct listing on the main market of the Abu Dhabi Securities Exchange (ADX) of shares in subsidiary, Agility Global PLC (“Agility Global”).  Agility Global is a… Read more

Meysan provides advisory services to ALLUB Industrial Company in the acquisition of 100% stake of Al Aber Global Industrial Company
Meysan provides advisory services to ALL...

Meysan Partners’ Riyadh office provided advisory services to ALLUB Industrial Company, a subsidiary of a large Kuwait based group (“Allub”), regarding the acquisition of 100% stake of Al Aber Global Industrial Company, a leading group operating in transformative industries and construction services in Saudi Arabia. The planned acquisition was executed… Read more