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ASAR – Al Ruwayeh & Partners (Bahrain) bags IFLR M&A Deal of the Year Award

October 18, 2020
finance & economy

ASAR – Al Ruwayeh & Partners (ASAR), a leading and prominent top tier law firm in the GCC region, is pleased to announce that it’s Bahrain office has received the “M&A Deal of the Year Award” presented by the International Financial Law Review (IFLR). ASAR Bahrain acted as local counsel on an asset purchase transaction where Uber acquired Careem. Among other things, the transaction involved conversion of stock options previously granted by Careem to employees in Bahrain into Uber stock options.

Sam Habbas– Senior Partner at ASAR noted that: “We are delighted to have been nominated and recognized for our work in being awarded the IFLR M&A Deal of the Year. Receiving this award is a testament to the caliber and quality of our clients, the trust that they have in our firm in handling their commercial transactions and the high level of skill, commitment and quality of service which our lawyers in both Kuwait and Bahrain consistently deliver to our clients. Another key reason why we have been able to achieve such success is due to the high quality sophisticated corporate and commercial transactions work our firm produces on a consistent basis in Bahrain. As always, putting our clients first is a cornerstone principle of ASAR; their success is our success, and we intend to keep it that way.”

Steve Brown, Partner in the Bahrain office, noted that: “Receiving the IFLR M&A Deal of the Year for Bahrain is a great honor and reflects the high quality of clients we serve in Bahrain as well as the high quality professional legal services provided by our Firm. We very much value and appreciate the loyalty of our clients and the opportunity to work with them to achieve their transactional goals.”

With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, ASAR provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities in Kuwait, Bahrain, across the GCC and beyond.

The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the International Financial Law Review (IFLR), the Chambers Global Guide, and the Legal 500.