International law firm Clyde & Co has today announced that it is opening an office in Tripoli, the firm’s fifth in the Middle East and North Africa region.
Clyde & Co will operate from Tripoli Tower and will be open from 1 August 2012.
Libyan lawyer Albudery Shariha will join Clyde & Co from the Libyan Investment Authority, where he was General Counsel, to head the Tripoli office.
He will be joined by four associates on 1 August and, given the level of enquiries received, Clyde & Co will be actively recruiting both Libyan and international lawyers in the coming months.
The Tripoli-based team will be supported by dedicated multilingual Libya desks in London, Abu Dhabi and Dubai.
Albudery Shariha said: “Libya is embarking on an exciting new phase this month and there are significant opportunities as the country rebuilds.
Clyde & Co, with its long history of Middle East and African involvement and its energy and infrastructure expertise, is perfectly placed to advise clients looking to the Libyan market.
Adrian Creed said: “Albudery is one of the foremost lawyers in Libya and we are delighted that he is driving forward this initiative. His expertise will be invaluable. We expect to undertake a mix of contentious and non-contentious work for Libyan government entities and international clients. A large number of companies are actively exploring opportunities in Libya and we envision a steady increase in activity.”
Clyde & Co partner and board member Ben Knowles said: “Clyde & Co has never shied away from working in fast-moving and challenging jurisdictions. As patterns of global trade have shifted, the firm has actively invested in our emerging markets network to meet the evolving needs of our clients. We are thrilled to launch in Tripoli and to build on our existing Libyan practice. We believe the office has huge growth potential.”
The firm has been present for nearly 25 years in the Middle East with offices in Abu Dhabi, Dubai, Doha and via an associated office in Riyadh.
Clyde & Co is currently advising the Libyan Government on a number of matters.