Barclays was awarded the ‘Restructuring Deal of The Year’ at The Brief Middle East Law Awards, which took place recently in Dubai.

The deal of the year was awarded for Barclays in-depth and sizeable involvement in the $23.8 billion restructuring of Dubai-based developer Nakheel, and also chairing the coordinating bank committee for Nakheel restructure.

John Vitalo, chief executive officer for Mena, Barclays, said: “We are delighted to be recognised by such a prestigious industry award as it demonstrates the depth of our regional and global capabilities across a broad array of financial solutions.

“This award underlines the strength of our franchise and demonstrates our commitment to providing our clients with comprehensive bespoke solutions.”

Earlier, Barclays was recognised by Islamic Finance News for the $2.22 billion restructuring deal for Nakheel and also bagged prestigious awards such as ‘Sovereign Deal of the Year Award’ for participating in the Government of Malaysia’s $1.25 billion global sukuk and the Syndicated Deal of the Year Award for the $1.4 billion project financing for the Jubail Refinery.

The Brief Middle East Law Awards 2012 recognizes the excellence and outstanding achievements of the region’s leading law firms and in-house legal teams as well as the top deals and dealmakers. – TradeArabia News Service