Islamic Finance brochure - Ogier · 2018-08-02 · Legal Services Islamic Finance 03 Who we are Finance is central to Ogier’s strategy. Ranked among the leading international practices

Legal ServicesIslamic Finance

The partners taketime to get toknow you andyour business.Chambers Global, Cayman Islands, DisputeResolution, 2018

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Who we areFinance is central to Ogier’sstrategy.

Ranked among the leadinginternational practices incorporate and finance, we havethe skills to manage a wide rangeof transactions and to provideclients with the high quality advicethey need.

Working in partner-led, client-dedicated teams we provide aconsistent level of service on allmatters, in each jurisdiction and incombination across borders. Ourapproach is to continually invest indeveloping our expertise so thatour sector knowledge andexperience enable us to provideeffective, commercially focusedadvice.

We establish open relationshipswith our clients and take the timeto understand their businesses. Weare conversant with a broad cross-section of Islamic products andwork closely with our clients toreconcile the requirements ofregulators and Shariah scholars. Inparticular, we have significantexpertise in the set-up of SPVs.

We have a presence in eightjurisdictions across the globe andadvise on the laws of BVI, CaymanIslands, Guernsey, Jersey andLuxembourg.

The firm has thenecessary skills inmany areas toenable them toadvise onmultijurisdictionaltransactionsIFLR Financial andCorporate,Guernsey, Bankingand Finance, 2018

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Our approachOgier’s Islamic Finance team areexperienced in traditional forms offinance as well as the Shariahprinciples governing Islamic financeand financing techniques.

Our experience means we canresolve the offshore aspects instructuring transactions andproducts that meet both Shariahand conventional banking andfinance requirements, as well asapplicable regulatoryrequirements.

Our Islamic finance teamrepresents both Islamic andconventional banks and financialinstitutions in relation to a broadcross-section of Islamic productsincluding:

MurabahaMudarabaMusharakaIjaraWakalaSukuk

Our experienceWe have represented a number ofIslamic and conventional financialinstitutions in the structuring ofIslamic financial products and theapplication of Shariah principles tothe financing of:

ShipsAircraftReal estateCommoditiesProjects and Infrastructure

Post-contract care and disputeresolutionIn addition to advising on Islamicfinance structures at their outset,we also advise on these structuresonce they are operational. Ourdispute resolution lawyers, forexample, are experienced indealing with disputes where thetransaction has been structured inaccordance with Islamic financeprinciples.

The Ogier team arehighly skilled andtake a well thoughtout and pragmaticapproach to anyissues which ariseover the course of adealIFLR, Jersey,Investment funds,2018

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Ogier advises on Garuda Indonesia US$500 million sukukOgier acted as Cayman Islands counsel to Garuda Indonesia on Garuda Indonesia’s US$500 million sukuk.

sukuk

US$500m

The sukuk is the first ever offshore US dollar offering by an Indonesian corporate issuer, and the first sukuk issuance utilising the airline capacity structure (as part of a sukuk-al-wakala structure) in Asia.

It is anticipated that Garuda Indonesia will use part of the money raised from the sukuk issuance to refinance its debt (including Garuda Indonesia’s existing US$400 million shariah-compliant refinancing), with the rest being used for general purposes, including capital expenditure.

The offering was done without any government or financial institution guarantee, making it the first Asia Pacific national flag carrier to successfully issue a USD benchmark bond on a standalone basis since Qantas Airways’ USD bond offering in April 2006.

We were pleased to work with the Garuda Indonesia team on this innovative transaction. This transaction paves the way for other corporate issuers in Asia to access the global Islamic capital markets.Anthony Oakes, Ogier Head of Finance, Asia

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Contact us

Ray WearmouthPartnerT +1 284 852 7364M +1 284 542 [email protected]

Angus DavisonPartnerT +1 345 815 1788M +1 345 525 [email protected]

Skip HashimotoManaging DirectorT +81 3 6402 [email protected]

Christopher JonesPartnerT +44 1481 752337M +44 7797 [email protected]

Marcus LeesePartnerT +44 1481 737152M +44 7797 [email protected]

Anthony OakesPartnerT +852 3656 6065M +852 6283 [email protected]

Daniel RichardsPartnerT +44 1534 514052M +44 7797 [email protected]

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Simon DinningGroup Partner, Ogier Legal L.P.T +44 1534 514251M +44 7797 [email protected]

Bruce MacNeilPartnerT +44 1534 514394M +44 7797 [email protected]

Fabien DebroisePartnerT +352 2712 2014M +352 621 245 [email protected]

Ogier provides practical advice on British Virgin Islands,Cayman Islands, Guernsey, Jersey and Luxembourg lawthrough our global network of offices. Ours is the only firmto advise on these five laws. We regularly win awards forthe quality of our client service, our work and our people.Regulatory information can be found at ogier.com

ogier.com

Contacts

British Virgin IslandsRitter HouseWickhams Cay IIPO Box 3170Road Town, TortolaBritish Virgin Islands VG1110T +1 284 852 7300F +1 284 852 7450E [email protected]

Cayman Islands89 Nexus WayCamana BayGrand CaymanCayman Islands KY1-9009T +1 345 949 9876F +1 345 949 9877E [email protected]

GuernseyRedwood HouseSt Julian's AvenueSt Peter PortGuernsey GY1 1WAT +44 1481 721672F+44 1481 721575E [email protected]

Hong Kong11th Floor Central Tower28 Queen's Road CentralCentralHong KongT +852 3656 6000F +852 3656 6001E [email protected]

Jersey44 EsplanadeSt HelierJersey JE4 9WGChannel IslandsT +44 1534 514000F +44 1534 514444E [email protected]

London1st Floor99 BishopsgateLondon EC2M 3XDT +44 203 693 7178F +44 1534 514444E [email protected]

Luxembourg2-4 rue Eugène RuppertPO Box 2078L-1020 LuxembourgT +352 2712 2000F +352 2712 2001E [email protected]

ShanghaiRoom 3671Level 36 Shanghai InternationalFinance Centre Tower IINo. 8 Century AvenuePudong New AreaShanghai 200120ChinaT +86 21 6062 6294E [email protected]

TokyoNisso 23 BuildingSuite 801Toranomon 3-8-25, Minato-kuTokyo 105-0001JapanT +81 3 6430 9500F +81 3 6430 9501E [email protected]