EXPERTISE

Philip is an Managing Associate in our Finance team in the GCC. He specialises in conventional and Sharia compliant banking and project finance matters with a particular expertise in local and cross-border real estate finance and debt restructurings. 

Prior to joining our GCC practice Philip worked in the firm's Edinburgh office and completed a secondment in the Corporate Real Estate team at Lloyds Banking Group. 

EXPERIENCE

  • Advising the borrower, a Dubai governed backed JV, in respect of its US$200,000,000 debt restructuring with 12 banks. 
  • Advising a pan-GCC retailer in respect of its US$650,000,000 restructuring with 13 conventional and Islamic banks. 
  • Advising the Qatari lenders in respect of the liquidation of Joannou & Paraskevaides LLC, the high profile collapse of one of the main contractors to the FIFA World Cup 2022. 
  • Advising the Mandated Lead Arrangers on the restructuring of QAR2,550,000,000 term facilities provided to a major corporate sponsor for the construction and development of Mazoon Towers in West Bay, Doha. 
  • Advising the Mandated Lead Arrangers on the QAR1,200,000,000 conventional and Islamic facilities provided by six Qatari banks to a Qatar real estate development company in respect of its development of "Vendome Mall" in Lusail City, Qatar.  
  • Advising the Omani lenders in the provision of a US$300,000,000 term and revolving credit facility to Oman Tank Terminal Company LLC, a subsidiary of Oman Oil SAOC, for the construction of an oil handling terminal and refinery. 
  • Advising the Qatari lenders on one of the largest financings made by a single Qatari conventional bank in 2020. QAR2,530,000,000 term facilities were provided to partially finance the construction and development of "Qetafian Island" a 1,000,000 square feet plot off the shore of Lusail City consisting of a world class waterpark, luxury beach resort, chalets, residential buildings and waterfront villas. 
  • Advising Standard Chartered Bank, Dubai branch in the provision of a US$100,000,000 bridge loan facility to refinance a family office's real estate investment portfolio.  
  • Advising Bank Sohar in the provision of a $250,000,000 project finance facility to a port authority based in Muscat, Oman. 
  • Advising Bank Muscat in the provision of an OMR 37,000,000 term facility to Eagle Hills for the construction and development of a new Mandarin Oriental outside Muscat, Oman. This transaction was one of the first in Oman to incorporate the escrow account provisions promulgated by Royal Decree No. 30 of 2018.
Professional memberships
  • Law Society of Scotland
  • Law Society of England & Wales