The Firm advised leading energy US multinational Chevron on the spin-off of its Lebanese affiliate | Abou Jaoude & Associates

November 2021

• The Firm advised leading energy US multinational Chevron on the spin-off of its Lebanese affiliate acting as member of a consortium with six major fuel companies to supply aviation fuel to airlines at Beirut’s International Airport, through a complex structure involving a dual-currency valuation in “fresh” and “local” US Dollars amidst Lebanon’s unprecedented financial crisis.

• The Firm advised the Special Investigation Commission (SIC) at the Central Bank of Lebanon on a dual-court lawsuit involving highly complex currency conversion issues amidst Lebanon’s unprecedented financial and banking crisis.

• The Firm advised leading bank Bankmed on a major US$90 Million settlement against international energy trading company ZR Energy involving highly complex banking issues in the context of Lebanon’s unprecedented financial crisis and its impact on the fluctuation of currency exchange rates and capital controls