Michèle El Khoury

Michèle has mainly worked on cross-border transactions involving the negotiation and the drafting of bilateral and syndicated loans with their related security interests, the securitisation of car, invoice and contract receivables and the development of a range of asset backed structured products. She further advised on a series of Shari’a compliant structures and drafted the related Shari’a compliant agreements. 

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• Negotiating and drafting a bilateral loan agreement based on the LMA model with its related collaterals including a corporate guarantee, an assignment of receivables and a sell-buy back agreement pertaining to a real estate property located in the UAE. 

  

• Advising and negotiating a structure to be developed to ensure the refinancing of a loan granted by a syndicate of 3 Malaysian banks and a UAE bank to a borrower (a UAE company). The new lender requested that some of the Borrower’s assets be transferred to a fund to be incorporated in the DIFC, and thus, segregated from the Borrower’s remaining assets. 

 

• Advising on the netting provisions under the ISDA from a UAE law perspective. 

 

• Advising on, and drafting the agreements and documentation pertaining to the conversion of a conventional secured loan dedicated to the acquisition of real estate properties into an ijara muntahia bit tamalluk. 

 

• Incorporating an Islamic bank in Casablanca, Morocco and drafting the Bank’s standard agreements.  

 

• Negotiating and drafting a tawarruq agreement with a platform located in Malaysia to address liquidity issues of a multinational based in France. 

 

• Developing a USD 50 million murabaha revolving facility for the purchase of cars.