The merger between HSBC and Oman International Bank (OIB) piloted a never-before-seen legal structure set to have real significance for the region.
This was a transaction where legal structuring really drove the deal, said Oman-based Roger Byrne of Trowers & Hamlins. There was a lot of discussion with the regulators to come up with the structure.
The merger is heralded as a positive sign for Middle East...