Well known Islamic finance expert Oliver Agha has established his own firm focusing on Islamic finance, energy, restructuring and project finance. The firm, established jointly with Emirati lawyer Dr Al-Shamsi, will be based in Abu Dhabi and will initially employ six lawyers. This new development comes several months after Agha's departure from his previous role as global Islamic finance head at DLA Piper last October.
The new firm will have a non-exclusive relationship with Pillsbury Winthrop and plans to operate in Saudi Arabia with an as yet unannounced sponsor. Meanwhile, DLA Piper has found a new Saudi sponsor.