find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (1-3 PAE)
Category: Insurance and Superannuation Law | Location: Sydney NSW 2000
· Join a dynamic Firm · Excellent career growth opportunity
View details
In-house lawyer 1-4 PAE
Category: Generalists - In House | Location: Adelaide SA 5000
· Leading Brand · Report to a Dynamic Legal Counsel
View details
Melbourne firm advises on Afghan financing

Melbourne firm advises on Afghan financing

MELBOURNE-BASED boutique law firm Wilmoth Field Warne has advised Overseas Private Investment Corporation (OPIC) on all local law aspects of its finance of the US$40 ($57.2) million Hyatt Hotel…

MELBOURNE-BASED boutique law firm Wilmoth Field Warne has advised Overseas Private Investment Corporation (OPIC) on all local law aspects of its finance of the US$40 ($57.2) million Hyatt Hotel project in Kabul, Afghanistan.

OPIC is a US Government finance organisation working in developing countries.

The law firm said the project was being undertaken by TAYL, a consortium comprising four companies — construction groups Tepe, Limak and Yuksel of Turkey, and ARC (a US organisation run by ex-pat Afghans).

The “ground breaking” for the Hyatt Hotel project took place on 17 April and was attended by the head of TAYL, Ali Kantor, as well as the US Ambassador in Afghanistan, Zalmay Khalilzad; the chairman of Hyatt International, Tom Pritzker; and Afghan President Hamid Karzai.

In February 2003, president and CEO of OPIC Dr Peter Watson and the Government of Afghanistan signed a memorandum of understanding which anticipated OPIC providing financing and political risk insurance totalling up to US$35 ($50.6) million for the project.

“This project, the latest instance of OPIC support for frontline states in the international war against terrorism, will help Afghanistan begin its reconstruction by directly meeting a market need and improving the climate for foreign direct investment,” Dr Watson said following the signing.

Wilmoth Field Warne said this was the first of what many expect to be numerous finance projects involving OPIC in Afghanistan’s private sector. Immediately prior to the ground breaking for the Hyatt Hotel, OPIC and the Afghan Government signed a bi-lateral agreement which paves the way for OPIC to provide financing and insurance for investments in Afghanistan.

The law firm’s team was lead by Zaid Mohseni, the head of its corporate department, who has close ties to Afghanistan.

According to Moh- seni, “The transaction has provided a great opportunity for Wilmoth Field Warne to be involved in larger transactions which are traditionally the domain of the larger law firms, as well as interact with the large US firms and their corporate teams.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Melbourne firm advises on Afghan financing
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...