Jordan

IFLR1000 Reviews

Overview

Solicitors governing body: Jordanian Bar Association

Competition authority: Competition Directorate at the Ministry of Industry and Trade 

Financial regulator: Central Bank of Jordan

IFLR1000 ranking categories for this jurisdiction: 

Financial and corporate

Jurisdiction overview

Jordan is a civil law country whose basis is the constitution, originally adopted in 1952 following the formation of the modern sovereign state.

There are clear restrictions on who can practice as a Jordanian lawyer (mohamy), the starkest of which is that the candidate must have been a Jordanian citizen for at least 10 years prior to their application for registration in the Table of Lawyers.

Foreign law firms are technically permitted to establish offices in the country, but the rules around licensing and the hiring of local lawyers is unclear, apart from the requirement that firms must be owned by Jordanian lawyers. Associations between local and foreign law firms however are permitted.

The result of these various restrictions means that those international law firms with Jordan practices tend to operate associations with local lawyers rather than establishing an office, the exception to this is Middle East regional firm Al Tamimi & Co. Restrictions aside, the market is also not large enough for most international firms to justify establishing a presence.

Most Jordanian lawyers advise on a variety of business and corporate law matters and the market is not large enough to support narrow specialists.

Financial and corporate
Ali Sharif Zu'bi Advocates & Legal Consultants

Al Sharif Zu’bi is highly capable across all areas which fall under the umbrella of financial and corporate work. 

During the research period, the firm has been particularly active in M&A and project finance. 

In the projects area the firm advised clients in the development and financing of several solar power plant projects. It also advised the developers of the Amman Municipality Slaughterhouse project, and the lenders financing the development of a wind power plant. 

In M&A on the buy side, the firm had a role in the acquisitions of a hospital, a controlling interest in Al-Eqbal Investment Company, and on SDIC Mining Investment Company’s acquisition of an interest in Arab Potash Company. On the sell side the firm notably acted for First Abu Dhabi Bank on the sale of its local branches to Societe Generale de Banque Jordan.

Dima Khuffash, a senior associate in Project Development, left the firm in the research period.

Recent Deal Data highlights

•AMEA Solar $100 million acquisition of solar power plant 

•Arbour 51.75MW wind power plant

•Societe Generale de Banque Jordan acquisition of First Abu Dhabi Bank’s Jordan branches

Hammouri & Partners

Hammouri & Partners is a prominent firm offering with broad expertise across financial and corporate work,

The firm is the ongoing external legal advisor for many high-profile clients like the Ministry of Energy & Mineral Resources (MEMR), Jordan Petroleum Refinery Company, Ministry of Information and Communications Technology (MOICT), Al Rakeaez Investment Company, Electronic Health Solutions (EHS) and Near East Technology.

During the research period, the firm has advised in aviation and pharmaceutical projects. 

Firm developments this year have seen Bashar Gammaz promoted to associate in Corporate, and the former managing partner Tariq Hammouri has left the firm to become the Minister of Industry Trade and Supply in the Jordanian government. 

Client feedback

“The team at Hammouri & Partners were professionals, they did all requirements perfectly and they made sure all agreements are understood by us.” – Asset finance

“The firm includes highly qualified and experienced lawyers. I would say communication is one of their strongest attributes, they keep us abreast of the developments in all our cases without the need to call first.” – Financial and corporate

“My overall satisfaction with Hammouri & co is very good. They are precise, reactive & have quality services. Mean area of development is to increase & enhance regional networks for the service of regional players.” – Project development

“Quick turnaround time. Very thorough knowledge of the law, very professional.” – Project development

Ahmed Khalifeh 

“Mr Ahmed Khalifeh is a very knowledgeable and experienced lawyer. He effectively communicates with us, and follows up with us promptly. He pays a lot of attention to details and anticipates your questions. We always work with Mr Ahmed on drafting commercial and labor contracts, policies and all other kind of contracts.” 

Khalid Moussa  

“Excellent - exceeded all our expectations.” 

Yotta Bulmer 

“A very good collaborator. Highly distinguished.” 

“Yotta is one of the best lawyers I’ve dealt with in the past 15 years, she is knowledgeable and has extensive experience in the Jordanian financial and investments market. What I like about her is that she follows up on every single detail before deadlines.” 

Khalifeh & Partners

Khalifeh & Partners is recognised for its expertise in project development, particularly in the energy sector, and generally active on corporate transactions. 

During the research period, in M&A, the firm advised small and medium-sized enterprises funds on acquisitions in the food and beverage, telecoms, chemicals sectors. It also acted for the sellers on the sale and acquisition of 85% in the Airport International Group, which owns Queen Alia International Airport in Amman.

In project work the firm advised a developers on a PPA for a renewable programme for schools in Palestine, and advised a consortium involved in the development and financing of a solar power project in Safawi.

Recent Data Deal highlights

•Uber $3.1 billion acquisition of Careem

•Alcazar Energy Partners $86.4 million acquisition of Al Rajef 82MW wind farm 

•Safawi 50MW solar photovoltaic power plant

•ADP $530 million acquisition of 85% in Airport International Group

Client feedback

“Extremely knowledgeable in the energy sector in Jordan and understanding of the project finance requirements.” – Project finance

Osama Sukkari & Associates

Osama Sukkari & Associates offers a wide range of corporate and commercial transactional advice. 

In banking work during the research period the firm advised on a syndicated loan transaction and facility agreements including a murabaha.

In M&A the firm advised a group of shareholders on the sale of their stake in the issued share capital of a publically listed company. The firm also advised a renewable energy client on the spin-off. 

In project development the firm has had roles on several construction projects, advising on bids and tenders for power production facilities, waste management services and a temporary airbase. It also assisted clients in the development of a wastewater treatment and solar power plant projects.

Client feedback

“Very knowledgeable in the applicable laws/regulations in Jordan and across the Gulf region as well.” – Capital markets : Equity

“Excellent knowledge of local and regional (GCC) regulations. Professional attitude and conduct.” – Capital markets : Equity

Anwar Sukkari

“Very professional. Conducts the right research before providing advice.”

Al Tamimi & Company

Regional firm Al Tamimi & Company has expertise in banking and finance (including Islamic finance) and M&A in Jordan.

During the research period, in the banking area, the firm drafted supply chain finance documents relating to Investbank’s factoring and reverse factoring products. 

In capital markets work it advised on listing a medical company on a foreign exchange.

In M&A, the firm represented Jordan Petroleum Refinery in its acquisition of Hydron’s operations in Jordan, and acted for a buyer in the acquisition of a significant holding in a livestock and meat trading company. It also advised on the acquisition of a telecommunications agency. 

In projects work it advised on a photovoltaic solar plant project in Tilal Al Rukban. 

Corporate and M&A partner Mohannad Jarrar joined the firm this research period from IBLAW.

Recent Deal Data highlights

•Jo Petrol acquisition of Hydron’s operations in Jordan 

•Investbank financing

•Tilal Al Rukban 200MW photovoltaic solar power plant

Barghouti Khirfan Hattar Advocates

Barghouti Khirfan Hatter Advocates is known for its corporate transactional advice, namely M&A, private equity, joint ventures and corporate restructuring deals.

During the research period in M&A the firm advised a shareholder in divesting of its stake in the buy-out of Airport International Group; advised Petra Aluminium in its share swap with Maani Group; and on a Manafsoft share acquisition by private equity Arabi SME Investment Fund. 

It also provided corporate restructuring advice to Petra Aluminum Group and Suklijian Group

Recent Data Deal highlights

•ADP $530 million acquisition of 85% in Airport International Group

•Arabi SME Investment Fund $2.1 million acquisition of stake in Manafsoft

•Petra Aluminum Group restructuring