Hawkamah 4th Annual Conference
Building Middle East Markets and the Corporate Governance Imperatives
9 & 10 November 2009

Timothy N. Ross

Jenny Clift

Education
LLB, University of New Brunswick, 1996
Law Foundation Scholar

BA, Queen’s University, 1992
Honours

Bar Qualifications
Mr. Ross is qualified to practice in England and Wales.

Areas of Expertise
Tim Ross is a finance partner located in Latham & Watkins' Dubai office. His practice focuses on corporate finance, structured finance, private equity, restructuring transactions and regulatory matters.

Prior to joining Latham & Watkins, Mr. Ross was a partner at a magic circle law firm and served as head of the firm’s Middle East banking practice. He is listed in Chambers Global as a leading lawyer for banking and finance.

            Publications
Mr. Ross is the General Editor of the Oxford University Press publication Financial Services Regulation in the Middle East.
            Selected Experience

  • Representing a Gulf-based international Islamic financial institution on the regulatory and financing aspects of its multi-         billion dollar restructuring.
  • Represented a global financial institution in its multi-billion recapitalization through a placement of equity, mandatory convertible notes and hybrid Tier-1 regulatory capital instruments.

Mr. Ross has represented the following clients prior to joining Latham & Watkins:

  • A leading international investment bank on the >€5 billion financing of Investment Corporation of Dubai’s unsuccessful bid for Inmobiliaria Colonial SA

  • A Dubai based fund on the financing of its >$1 billion pre-IPO investment in a U.S. listed company

  • Istithmar P.J.S.C. on the LBO financing of its debut buy-out, Inchcape Shipping Services

  • A leading Middle East regional bank on the multi-billion financing of an acquisition by a Gulf-based fund of a strategic equity position in a leading European bank

  • Dubai International Capital on the financings of the >€1 billion acquisition of Almatis, and the >£500 million acquisition of Alliance Medical

  • The Dubai Government and Borse Dubai on the equity and debt financing of the acquisition of OMX and subsequent transactions with Nasdaq

  • Dresdner on c. £1.5 billion structured facilities for Macquarie’s bid for the London Stock Exchange plc

  • Emirates Bank on certain regulatory aspects of its merger with National Bank of Dubai

  • Bank syndicates in Europe and Canada financing the >$5 billion acquisition by Abu Dhabi National Energy Company (TAQA) and Taqa North of Prime West Energy Trust by plan of arrangement

  • Arranging banks on  >$1.5 billion acquisition facilities for Abu Dhabi Commercial Bank

  • Citi on the $320 million syndicated facility for Kuwait Petroleum

  • Calyon on the US $2.8 billion syndicated facility for Saad Investments; and BNP and HSBC on the US $2.5 billion syndicated facility for Saad Trading

  • The arrangers of the three largest ever Middle East financial institutions loans: Barclays Capital on the US $2 billion facility for Qatar National Bank; ING on the US $1.5 billion facility for Abu Dhabi Commercial Bank; and BNP Paribas on the US $1.2 billion deposit facility for Ahli United Bank

  • a consortium comprising Al Bateen Investment Company, Lehman Brothers Private Equity and Mid Europa Partners on the €1.7 billion acquisition and financing of the Bivideon assets (Emerging Markets Deal of the Year)

  • Calyon on the >US $500 million project contract financing of Bemco for Doha Airport

  • Ericsson on an €80 million ECA-backed structured export financing of Irancell

  • Citi on KEIC’s first UAE financing, a US $100 million bunkering vessel fleet financing for FAL Oil

  • Deutsche Bank on a series of >US $100 million FRN facilities for U.A.E. corporate borrowers

  • RBS and other arranging banks in respect of US $640 million senior syndicated revolving facilities for International Power PLC (FTSE 100)

  • NMTC (Wataniya) on its US $1.0 billion debut, self-arranged syndicated revolving facility

  • Sama Dubai on a US $200 million regional development financing

  • Dragon Oil on the establishment of its commodities hedging programme with three international bank counterparties


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