Legal Practice
With more than a decade of experience as a corporate and commercial lawyer, Ayyad’s practice is primarily focused on banking and finance, corporate and commercial, foreign direct investments, infrastructure, hotel acquisitions and hospitality practice.
Ayyad’s notable experiences include:
Banking & Finance
- Advised The Mauritius Commercial Bank Ltd in acting as the Bank’s Receiver in the potential foreclosure of 5* luxury resort in the Maldives.
- Assisted in carrying out critical and time-sensitive assignment for Maldives Islamic Bank Ltd (MIB) encompassing a comprehensive External Audit & Review Report for the bank in dealing with a highly sensitive employment matter and acting as legal counsel for MIB in the follow up Employment Tribunal Litigation of the matter.
- Advised Soneva Group with their US$ 100 million debt refinancing from Aareal Bank AG for their two upmarket hotels in Maldives, Soneva Fushi & Soneva Jani.
- Advised Constance Group with their US$ 19 million debt restructuring and additional financing from The Mauritius Commercial Bank for their two upmarket hotels in Maldives, Constance Halaveli Resort & Constance Moofushi Resort.
Hotel Acquisitions and Investments
- Assisted Constance Group in the successful transfer of the head lease of Constance Halaveli Resort to a subsidiary company of the Constance Group following the acquisition of the resort’s head lease.
- Advised Constance Group in successfully negotiating and finalizing the acquisition of the Constance Halaveli Resort at the head lease level.
- Assisted in successfully negotiating for Gateway Maldives Pvt Ltd, an entire ‘sublease’ restructuring and long-term extension in respect of Bolifushi Resort (Ozen Reserve Bolifushi).
Other Key Assignments
- Advised and assisted a leading global top 10 company with their proposed project in the Maldives in the information and communications sector.