Madhurima Basu

Biography

Madhurima Basu is a Senior Associate in the Banking & Finance practice in Al Tamimi & Company’s Kuwait office. Prior to joining Al Tamimi & Company, Madhurima was senior legal counsel in Abu Dhabi Commercial Bank PJSC based in Abu Dhabi.

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Recent Experience

• Acted on behalf of the Goldman Sachs International and Bank of America Merrill Lynch in Kuwait in the US$ 325 million 8.625% fixed rate notes due 24 April 2024 issued by ADES International Holding Ltd. The company operates as a holding company and, through its subsidiaries, provides oil and gas drilling and production services in Egypt, Algeria, and the Kingdom of Saudi Arabia
• Assisted H-Energy Mideast to train its staff on ISDA Agreement, CSA and new regulations and negotiate ISDA Agreements
• Advised National Bank of Kuwait to review and negotiate Client Cleared OTC Derivatives Addendum and cleared derivatives execution agreement (CDEA) with a Tier 1 global bank acting as clearing member
• Acted on behalf Kuwait Petroleum Corporation as borrowers on a KD 350 million and a USD 1 billion revolving syndicated term facilities with notable international and Kuwait banks as lenders
• Advised certain foreign banks on the netting issues in Kuwait
• Advised an Abu Dhabi based fund manager on EMIR classification of their wholly owned funds
• Represented the various international banks as lenders in a series of bilateral facilities totalling USD 400 million with a Kuwait conventional bank as borrower
• Advised Warba Bank to negotiate Shariah compliant repo agreements (collateralized Murabaha) and Shariah compliant ISDA TMA Schedule, credit support documents and profit confirmations with various GCC and international counterparties
• Advised Al Hamra Group to negotiate a loan linked ISDA Agreements and standard ISDA Agreements with UAE banks