Royal Institute of Traditional Arts implements Saudi-Chinese cultural exchange program    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Saudi, Iranian foreign ministers discuss Oman-mediated talks with US    Prince Sultan University launches first bachelor's program in language and media    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Crown Prince donates SR1 billion to support housing for eligible families    Pakistani military says it killed 54 militants attempting to cross border from Afghanistan    Suspect charged after Vancouver car ramming leaves 11 dead    Eight hundred Houthi targets hit after weeks of strikes, says US    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Clifford Chance first international law firm to establish partnership in Saudi Arabia
Published in The Saudi Gazette on 11 - 03 - 2013

Clifford Chance announced Sunday that it has received approval from the Saudi Ministry of Commerce and Industry to set up a mixed Saudi and foreign lawyer partnership, making it the first international law firm to establish formally in this way in the Kingdom. The new partnership will be operational from Jan. 1, 2014. The development is the next step in the evolution of Clifford Chance's long-term connection with Saudi Arabia and part of its broader strategy for ambitious growth across the Middle East.
The new partnership will fully integrate the corporate, finance and capital markets practices from Al-Jadaan, Clifford Chance's long-standing cooperation partner in Saudi Arabia. Abdulaziz Al-Abduljabbar and Khalid Al-Abdulkareem, currently partners in Al-Jadaan, will Clifford Chance as partners. All Al-Jadaan associates in the firm's transactional areas, along with a number of business services staff, will also transfer to Clifford Chance. The firm will build on this existing well-regarded resource by recruiting and developing more Saudi associates.
Mohammed Al-Jadaan, together with Yousef Al-Jadaan and Abdullah Al-Hashim will continue as partners with Al-Jadaan, which will operate as a niche boutique focusing on litigation and mediation, legal strategies and structuring activities in Saudi Arabia. Mohammed Al-Jadaan will remain managing partner of Al-Jadaan and will act as a special adviser to Clifford Chance in Saudi Arabia, consulting on innovation in Saudi market transactions.
Graham Lovett, Clifford Chance Regional Managing Partner for the Middle East, said: “The decision to establish our own entity in this way is very much a response to the growing Saudi-specific demands of our global and local clients, who have already responded positively to our increased investment in Saudi Arabia. The relationship with Al-Jadaan has been extremely successful and positive and it seemed natural to build our Saudi practice by taking our existing collaboration to the next level. Being able to offer clients the very best support in Saudi is critical to our commitment to the region and so we are delighted that our application to combine top tier Saudi and international lawyers in a single partnership structure has been successful.”
Mohammed Al-Jadaan said: “This ground breaking move reconciles the ambitions of the Al-Jadaan partners with the long term needs of our clients. The new entity will enable the partners and associates in the Al-Jadaan transactional practice to continue to set the highest standard for legal services in the Saudi market, while at Al-Jadaan we will be able to develop further our litigation, mediation, legal strategies and structuring-focused advice to clients. This development is also great news for Saudi legal talent who will now have the opportunity to train with and develop their careers in one of the world's leading international firms, ensuring they benefit from an institutionalized career path.”
David Childs said: “This first-of-a-kind international partnership demonstrates our ambition to deepen relationships for the long-term with important Saudi Arabian enterprises and our global clients with interests in Saudi, both of which are critical components in our growth strategy for the Middle East. I look forward to welcoming Abdulaziz and Khalid into the partnership and to developing a new generation of Clifford Chance partners in Saudi.” – SG


Clic here to read the story from its source.