March 2012

Advising Aker Solutions, a major Norwegian Oil and Gas Services Company in its 460-million acquisition of NPS Energy a Middle Eastern Oil and Gas Services Company as regard to the Iraqi entities of the latter. The deal consisted of undertaking a Due Diligence on the target Iraqi legal entities as well as a review of the Share Purchase agreement and tax covenants in relation to the deal and make sure they are compliant with the Due Diligence Report and Iraqi laws. We worked on the present matter in close venture with Advokatfirmaet BA-HR DA, Lead Law Firm representing Aker Solutions ASA. Further to signing the deal was subject to early termination. The deal was led by Managing Partner Marie Antoinette Airut, Partner Serge Airut and Senior Associate Ilza Zwein.