We give legal advice to the companies who need to raise money to develop a particular project, or to the banks and financial institutions lending to them. Our clients on this deal, the lenders, would not have been comfortable lending nearly $1 billion without lawyers being extensively involved with the contracts, especially because of the risks involved. Our role was to get the lenders comfortable with the risks they were taking on, and to put as many safeguards in the documents as we could to ensure, to the extent legally and commercially possible, that they would get repaid at the time and in the manner that they’d expect.
The main documents Abdulrasaq Abdulrahman & Co. worked on were the loan agreements and the security documents, which granted lenders rights over project-related current and future assets.
Abdulrasaq Abdulrahman & Co. also looked at the underlying project documents (such as those relating to the construction of the mine), the insurance documents for the project, and the documents setting up project bank accounts to ensure that the lenders had adequate rights over these accounts.