ALF served as lead legal counsel to a consortium comprising several Libyan commercial banks and the National Development Bank in structuring the financing for a portfolio of local infrastructure and development projects.

The engagement required ALF to design a robust legal framework covering the loan documentation, security arrangements, intercreditor arrangements between the lenders, and the conditions precedent for drawdown.

A particular focus was placed on ensuring the enforceability of the security package under Libyan law, given the specific requirements of the banking and secured lending regulations.

The financing was successfully closed, enabling the commencement of several key development projects across multiple Libyan cities.