As further recognition of its adherence to international best practice in the investments sector, Istithmar World, the investment arm of Dubai World, today announced that it has been awarded the “Best In-House Counsel - Private Equity/Investment Sector” by the Dubai Corporate Counsel Group (DCCG), the first in-house counsel group in the Middle East region. The award was presented to Nick Hornung, general counsel at Istithmar World, at the DCCG 2008 Corporate Counsel Awards. Istithmar World's parent company Dubai World was also recognized at the awards function. The awards, presented during a formal ceremony held at Westin Dubai Mina Seyahi, Beach Resort & Marina, recognize the UAE's leading in-house counsel for outstanding achievements across the full spectrum of in-house legal responsibility. Hornung at Istithmar World was chosen as the best performer in the private equity/investment sector by a panel of international industry experts for demonstrating a sustained commitment to the profession and serving as a leader in the field of corporate counsel. “Nick Hornung's dedication, foresight and leadership and sound understanding of the private equity and investments business make him an outstanding recipient for this award,” said David Jackson, chief executive of Istithmar World Capital. __
