ASAR Al Ruwayeh & Partners Acts as Kuwait Law Counsel to National Bank of Kuwait in relation to its loan worth USD 280 million for Kuwait Styrene Company
Al Ruwayeh & Partners (ASAR), one of the area's leading tier firms, announced today that it has actually worked as Kuwait law counsel to the National Bank of Kuwait (NBK) in relation to its loan worth USD 280 million for Kuwait Styrene Company (TKSC).
TKSC's credit facility offered by NBK will be used for the company's general corporate purposes, where part of the funds will be guided to reinforce activities to boost TSKC'S one-upmanship. ASAR's Mr. Rob Little and Mr. John Cunha dealt with supplying legal counsel to NBK to make sure the smooth and effective completion the deal.
Commenting on the most recent deal, Mr. Rob Little, Counsel at ASAR said: "It offers us utmost pride to once again, work side-by-side with leading banks such as NBK. Our strategic and well-trusted corporate counsel has actually shown its success with NBK in several previous offers, and thus we pride ourselves in supporting business institutions adding to the nationwide economy while enhancing market reputation through similar deals."
Mr. John Cunha, Partner at ASAR stated: "Although the Kuwaiti market has actually rather pulled back this year due to the international markets' volatility, our company believe there is capacity in seeing an uptick in the Kuwaiti market in the months to come. The contribution of economic sector's institutions like NBK has proven for many years its success in accomplishing the nation's development vision. We are pleased to have belonged to a leading deal that once again is a testimony to ASAR's leading position in the legal advisory sector in Kuwait."
With dedicated workplaces in Kuwait and Bahrain combined with its associated offices and relationships, ASAR offers customers throughout a comprehensive variety of industry sectors with thorough legal advice and support for their business activities in Kuwait, Bahrain, throughout the GCC and beyond.
The firm has been regularly ranked as the leading corporate and business law company in Kuwait by trusted legal guides such as the Chambers Global Guide, International Financial Law Review (IFLR) and the Legal 500. ASAR attorneys have actually also received several awards under different categories in the Fourth Edition of 'Best Lawyers' in Kuwait.
