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Conyers Dill & Pearman Transaction Named IFLR Middle East Project Finance Deal of the Year

October 2012

Conyers Dill & Pearman (“Conyers”) was recognised for its involvement in the Mostorod oil refinery project, named Project Finance Deal of the Year by the International Financial Law Review’s (“IFLR”) Middle East awards. The firm acted for Citadel Capital, a listed Egyptian private equity firm, on the US$3.7 billion financing for the redevelopment of Egyptian Refining Company (Takrir)’s refinery at Mostorod near Cairo. The deal, which closed in June 2012, is the largest-ever financing project in Africa and among the largest inward-investments into Egypt.

Audrey Robertson and Cora Miller of Conyers’ British Virgin Islands office advised Citadel Capital, a leading private equity firm in Africa and the Middle East, in association with lawyers from Shearman & Sterling LLP and Mayer Brown. Six other firms also acted on the deal.

Presented on 8 October in Dubai, the IFLR Middle East awards celebrate legal innovation and precedent in cross-border deals. More information on the Middle East awards can be found on the IFLR website.

From offices in 11 countries, Conyers advises global organisations on complex multi-jurisdictional legal issues and has emerged as a leader in corporate and finance law. Lawyers in Conyers’ Corporate department have extensive expertise in funds and investments, insurance and reinsurance, securitisation and structured finance, as well as initial public offerings, joint ventures, partnerships, shipping and aircraft registration, and financing.

The firm’s British Virgin Islands office provides clients with expert advice on matters relating to BVI corporate law, commercial litigation, and trust and private client.



"They understood the urgency and demanding nature of the deals that we were working on - they were very responsive and commercial, and worked with us to make it happen."
- Chambers Global