Clyde & Co

Recent experience

• Acting for Zurich Takaful Company Limited, a new Islamic insurance venture by the Zurich Insurance Group, in relation to its establishment and licensing in the DIFC.
• Acting as lead counsel to Noor Islamic Bank, the core arranger and Islamic lender in a US$115m Shari'ah compliant syndicated Ijara structure.
• Advising a major US insurer with regard to the establishment and day to day operations of its UAE subsidiary
• Advising AIG MEMSA on the structuring of its takaful operations and the development of new Shari'a compliant products for its financial lines division
• Advising a leading international aviation reinsurance pool on its reinsurance activities in the UAE and the Kingdom of Saudi Arabia
• Advising a US real estate fund on its conversion to become Shari'ah compliant
• Acting for Pan Kingdom Investments, a major Saudi Conglomerate in relation to projects in the Kingdom of Saudi Arabia
• Acting for a major Saudi corporation in relation to its proposed US$350m IPO in the Kingdom of Saudi Arabia
• Acting for Markel International Insurance Company in relation to the investigation and successful litigation of a fraud by a coverholder
• Advising Markel International Insurance Company in relation to Lloyd's Minimum Standards for claims and the implementation of electronic claims filing
• Advising a leading London market reinsurer in relation to the development of new aggregation language for inclusion in its treaties
• Advising a Lloyd's syndicate and the following market in relation to issues of coverage and liability arising from a reinsurance of a US lawyers liability mutual insurer