The Firm advised leading Lebanese bank IBL on a major US$100 Million BCCI arbitration case against Iraq Telecom | Abou Jaoude & Associates

The Firm advised leading Lebanese bank IBL on a major US$100 Million BCCI arbitration case against Iraq Telecom

February 2022
  • The Firm advised leading Lebanese bank IBL on a major US$100 Million BCCI arbitration case against Iraq Telecom Limited with a critical impact amidst Lebanon’s unprecedented banking crisis, involving multiple jurisdictions, namely Iraq, Lebanon, the UAE, and the US, and ancillary attachments lawsuits in Lebanon and New York. The Firm acted as co-counsel with global law firms Mayer Brown and Dechert, while Iraq Telecom was represented by three international law firms, namely White & Case, Jones Day, and Gibson, Dunn and Crutcher.
  • The Firm advised BRP Bizzozero & Partners, a leading Swiss expert in banking and financial regulatory compliance, on the Lebanon country manuals for Swiss banks related to the cross-border offer into Lebanon of Credit services, Islamic Finance products and services, and Private Banking services under the complex regulations of Lebanon’s Capital Markets Authority
  • The Firm advised leading construction company BATIMAT on the major mixed-use Dakar Business Center Project in Senegal in partnership with the SANE CONSULTING Group, which includes a hotel, an office tower, a convention center, and residential facilities
  • The Firm advised global leading telecoms company Ericsson AB on a global compliance and internal investigations project under complex labor regulations in Lebanon.
The Firm advised leading Lebanese bank IBL on a major US$100 Million BCCI arbitration case against Iraq Telecom