Dispute Resolution
Global Guide 2024 : Saudi Arabia
Band 1
Email address
[email protected]Contact number
+966 2 650 4475About
Provided by Derayah LLPC
Derayah LLPC, as successor to Hatem Abbas Ghazzawi & Co, has a dispute resolution practice going back to 1978, when Sheikh Abbas Ghazzawi (who at different times was the Saudi Arabian ambassador to Tunisia and Germany) opened his law office in Jeddah, one of the first in the Kingdom.
Over the years, we have provided general commercial dispute resolution services, and have gained specialist expertise in banking disputes, capital market disputes, government contract claims, agencies and distributorships, insolvencies and restructuring, and shipping and insurance claims. Another important part of our practice is providing expert evidence on Saudi Arabian law, including in cases in the UK, Ireland, Singapore, Switzerland and the UAE.
Since we are an independent firm, we are often instructed by other law firms, including firms with Saudi Arabian affiliates when their local offices are conflicted.
Our greatest strength is our team of Saudi Arabian litigators, all of whom are fluent in English. In addition to the core team of seven, we can call on another ten lawyers and paralegals to provide support in major cases.
Saudi Arabia enacted its first comprehensive bankruptcy legislation in 2018. We are currently involved in several bankruptcy proceedings, including the Maan Al Sanea/Saad Trading financial reorganisation procedure involving claims totaling US$ 21 billion.
Chambers Review
Derayah has a well-recognised practice which is able to provide clients with advice on a wide array of litigation mandates. The firm maintains a market-leading presence in Saudi Arabia and is a regular feature of large-scale commercial, banking and government contract disputes. It also offers expert knowledge of shipping issues, with further experience in relation to insurance litigation and bankruptcy law.
Work Highlights
- Derayah represented a British engineering company, as creditor, in the bankruptcy proceedings of Al-Aman Modern Energy.
Strengths
Provided by Chambers
"They always get in touch with the most recent intelligence on commercial issues."
"What sets Derayah apart is the team's deep knowledge of international and local law. Its lawyers are able to process and understand a lot of information extremely rapidly. They calmly assess the situation and produce a very clear plan, which they then execute methodically, while adapting to the needs of the situation."
"Throughout my dealings with Derayah, the firm has been extremely quick to respond to all manners of request. The responses are always clear and of sufficient detail to allow an understanding of the situation faced, and how best to proceed."
"They always get in touch with the most recent intelligence on commercial issues."
"What sets Derayah apart is the team's deep knowledge of international and local law. Its lawyers are able to process and understand a lot of information extremely rapidly. They calmly assess the situation and produce a very clear plan, which they then execute methodically, while adapting to the needs of the situation."
"Throughout my dealings with Derayah, the firm has been extremely quick to respond to all manners of request. The responses are always clear and of sufficient detail to allow an understanding of the situation faced, and how best to proceed."
Notable Practitioners
Andreas Haberbeck is an extremely well-known lawyer with three decades of experience practising in Saudi Arabia. He wins particular recognition for his shipping and insolvency knowledge, taking on a very wide range of high-value disputes.
"From the very first meeting, Andreas took control of the dispute and was always one step ahead."
"Andreas has a deep understanding of the Saudi Arabian legal system and delivers clear and concise advice in a coherent manner. His experience gives him great commercial awareness and the vision to deliver legal advice of the highest quality."
Ranked Lawyers at
Derayah LLPC
Saudi Arabia
Clients
Provided by Derayah LLPC
Citicorp Trustee Company Limited
F Hoffman La-Roche AG
Golden Belt 1 Sukuk Company
Saudi National Bank (ex-SAMBA Financial Group)