A joint law venture between Allen & Overy and Shook Lin & Bok has been appointed to advise HSBC on the development and implementation of Brunei’s Ijarah based Islamic debt program, as well as the first issue of a US$95.3 million debut Islamic Sukuk issue.
The Allen & Overy/Shook Lin & Bok team in Singapore advising HSBC comprises partner Mr Kenneth Aboud and associate Ms Cheam Li-Shenn.
Mr Aboud commented that they were very pleased to have advised on this significant transaction, adding that it once again demonstrated the group’s leading position and expertise in Islamic financing.
“It is further evidence of our ability to advise on complex structured finance transactions which at the same time are Shariah compliant,” he noted.