Newton Legal has become a fixture on Bahrain’s local legal market. It is also registered as a foreign legal consultant, a license it has held since 2012. The firm was founded by
Joseph Huse and operates out of Manama. The team is led by Bahraini lawyers, most notably Managing Partner Aamal Al Abbasi, who upholds a strong reputation in the local market. The team is especially well known for its corporate practice, where it has a notable record on top M&A, joint-ventures, and corporate restructurings.
Newton Legal acted as local counsel to Ithmaar Holdings in the proposed sale of certain assets amounting to USD 695 – 715 million and liabilities amounting to USD 665 – 695 million of the Ithmaar Group (including assets and liabilities of Ithmaar Bank) to GFH. The team advised on al elements of the transaction which relate to Bahraini law, as well as the corporate governance considerations or related to the deal and the completion steps and considerations.
The team also advised the arrangers in the syndicated shariah complaint multi-currency financing of Eskan Bank. The transaction encompassed a US$ 266,000,000 term facility and a BHD 150,000,000 revolving credit facility, totalling approximately US$ 664,850,000. The transaction closed in June 2024.
National Bank of Bahrain; Ithmaar Holdings; Ahli United Bank; Mumtalakat Holding Company; Weil, Gotshal & Manges (on behalf of noteholders of Petrofac)
Testimonials 2023-2024
“We have used the firm for its legal opinion on various complex matters. They are an excellent team led by a very professional partner.” (Banking & Fiannce)
“The team advised us on the legal documentation and regulatory process for the divestment of regulated business. Their knowledge, client service and approach to work stands out.” (M&A client)
“Aamal Al Abbasi is very good in client management” (Banking & Finance)
“I would recommend Ahmed Fardan for his work laying down a regulatory plan and drafting of transaction documents.” (Energy)
