Best Acquisition / Leveraged Finance Lawyers in Zarqa

1. About Acquisition / Leveraged Finance Law in Zarqa, Hashemite Kingdom of Jordan

Acquisition and leveraged finance in Jordan are governed by national laws that apply across all cities, including Zarqa. A typical leveraged finance deal combines an acquisition with substantial borrowed funds backed by the target’s assets and expected cash flows. In practice, lenders in Zarqa expect a robust security package, detailed due diligence, and clear covenants that align with Jordanian corporate and banking rules.

Because Zarqa is a focal manufacturing and distribution hub, many local deals involve asset-based lending, share pledges, and intercreditor arrangements among lenders. Each element hinges on the same core framework: careful due diligence, enforceable security, and compliant financing documents prepared by a qualified attorney. In Jordan, the terms used for lawyers and their roles follow local practice, with attorneys registered as advocates or lawyers who appear before Jordanian courts and regulatory bodies.

Source overview: Jordan regulates corporate finance through a combination of the Companies Law, Banking Law, and Capital Markets Regulation, enforced by national authorities with jurisdiction over Zarqa. Central Bank of Jordan and Jordan Securities Commission provide key framework guidance for lenders and issuers alike.

2. Why You May Need a Lawyer

In Zarqa and surrounding regions, you should engage an attorney early in the process for specific, practical reasons. Below are concrete scenarios drawn from real-world situations encountered in Jordan.

• Structured debt for a Zarqa-based acquisition: A family-owned textiles business seeks a syndicated loan to acquire a competitor. You need a lawyer to draft and negotiate the loan facility, intercreditor agreements, and security documents that attach to real property, equipment, and shares.
• Security over local assets: A manufacturer in Zarqa puts up plant equipment and receivables as collateral. An attorney helps perfect notices, filings, and perfection filings under Jordanian rules to protect lender rights in case of default.
• Due diligence for a target with cross-border investors: You are purchasing a Jordanian company with foreign participation. A lawyer coordinates corporate, Tax, and AML due diligence and aligns the deal structure with Jordanian and foreign lender expectations.
• Compliance with regulatory disclosures for a debt instrument: If the financing includes public or semi-public debt, a lawyer helps ensure issuer disclosures meet Capital Market requirements and securities regulator expectations.
• Cross-border currency and repatriation considerations: Lenders require adherence to Central Bank currency regulations when funds move in and out of Jordan. An attorney advises on currency controls and related regulatory compliance.
• Ongoing covenant compliance and post-closing issues: After closing, a lawyer monitors financial covenants, reporting obligations, and any post-closing amendments needed to maintain compliance with the facility terms.

3. Local Laws Overview

Jordan does not have a Zarqa-specific set of acquisition or leveraged finance laws; the same national statutes apply. The most relevant laws and regulators you should know are:

• Companies Law No. 22 of 1997 (as amended) - governs incorporation, share transfers, governance, and corporate structure for Jordanian companies. It directly impacts how share-based acquisitions are structured and how transfers of ownership are effected.
• Banking Law No. 28 of 2012 (as amended) - regulates lending, banking operations, collateral, and credit facilities for banks and financial institutions offering leveraged finance to Jordanian entities and projects.
• Capital Market Law No. 76 of 2002 (as amended) - governs the issuance of securities, debt instruments, public disclosure, and market conduct. This regime is administered by the Jordan Securities Commission and affects deals that involve public or quasi-public financing components.

Recent developments and changes are published by the primary authorities. For example, the Jordan Securities Commission (JSC) oversees disclosures and licensing related to debt instruments, while the Central Bank of Jordan (CBJ) issues regulations affecting the enforceability of security interests and cross-border financing.

Source: Jordan Securities Commission regulates capital markets and securities enforcement in Jordan; see JSC.

Source: Central Bank of Jordan oversees banking regulations, credit facilities, and foreign exchange controls; see CBJ.

Practical note for Zarqa residents: always verify that your financing plan aligns with the latest amendments or regulations published by these authorities. Engaging an attorney who tracks regulatory updates helps prevent non-compliance and delays.

4. Frequently Asked Questions

What is leveraged finance in Jordan?

Leveraged finance combines acquisition funding with high levels of debt, typically secured against the target’s assets and cash flows. It is regulated by national banking and securities laws and overseen by relevant authorities in Jordan.

How do I begin a leveraged buyout in Zarqa?

Start with outlining the deal, identify potential lenders, and assemble a local legal team. Your attorney drafts the term sheet, facility agreement, security documents, and due diligence plan before any signing.

What documents are needed to obtain a leveraged loan?

Expect a detailed loan agreement, security deeds, intercreditor arrangements, corporate approvals, financial statements, and due diligence reports. Lenders will also request AML/KYC documentation.

Do I need a local attorney for a Jordanian financing deal?

Yes. Local counsel is essential for navigating Jordanian corporate, banking, and security laws, and for coordinating with regulatory authorities in Zarqa.

How long does due diligence take in Jordan?

For a typical Zarqa deal, expect 2-6 weeks for initial diligence, with 4-12 weeks total including legal, financial, and regulatory checks depending on target complexity.

What is a security interest and how is it perfected in Jordan?

A security interest gives lenders a priority right to collateral. Perfection often requires filings or registrations under Jordanian law and strict adherence to applicable forms and deadlines.

Do I need to register security interests with a Jordanian authority?

Yes. Depending on the collateral type, you may need to file with relevant authorities, ensure perfection, and maintain ongoing compliance to protect lender rights.

How much does it cost to hire a leveraged finance lawyer in Zarqa?

Costs vary by deal size and complexity. Typical fees include hourly rates or fixed engagement fees plus due diligence charges and disbursements. Ask for a detailed engagement letter upfront.

Is cross-border financing allowed in Jordan?

Yes, with regulatory approvals and currency controls observed. Cross-border deals often require coordination between Jordanian regulators and foreign lenders.

What is the difference between a loan facility and a debt instrument?

A loan facility is a bank-based line of credit or term loan. A debt instrument is a market-based security such as bonds or notes issued to investors, often governed by the Capital Market Law.

Can a Jordanian bank finance a Zarqa LLC acquisition?

Yes. Jordanian banks regularly provide leveraged facilities to Jordanian companies, subject to due diligence, collateral, and regulatory compliance.

Do I need local counsel for a foreign lender?

Yes. A local attorney helps align the deal with Jordanian law, coordinate local filings, and manage regulatory interactions on a cross-border loan.

5. Additional Resources

Consult these official sources for regulatory guidance, current rules, and procedural requirements relevant to Acquisition and Leveraged Finance in Jordan.

• Jordan Securities Commission (JSC) - Regulates capital markets, securities offerings, and disclosure requirements. https://www.jsc.gov.jo
• Central Bank of Jordan (CBJ) - Regulates banks, credit facilities, and foreign exchange controls. https://www.cbj.gov.jo
• Ministry of Industry, Trade and Supply (MITS) - Oversees company registrations, licensing, and commercial activities. https://mit.gov.jo

6. Next Steps

1. Define the deal scope and timeline - Clarify the target, financing mix, and closing date. This helps the lawyer map documents and regulatory steps within a realistic timeframe (1-2 weeks).
2. Identify Zarqa-licensed counsel with leveraged finance experience - Shortlist at least 2-3 local advocates or law firms with public sector and banking experience in Jordan. Schedule introductory consultations within 2 weeks.
3. Request and review engagement letters - Obtain fee structures, hourly rates, and estimated disbursements. Ensure clarity on scope, deliverables, and escalation procedures (within 1 week).
4. Prepare a due diligence package - Gather target corporate documents, financials, contracts, and material agreements. Your attorney will draft a due diligence checklist and assign responsibilities (2-6 weeks).
5. Negotiate the term sheet and transaction documents - Your lawyer should oversee the term sheet, loan agreement, security deeds, and intercreditor arrangements to reflect Zarqa-based specifics (2-8 weeks).
6. Coordinate regulator and authority filings - Ensure compliance with CBJ, JSC, and MITS requirements as applicable to the deal structure (timeline varies by deal complexity).
7. Finalize closing milestones and post-close controls - Set covenants, reporting obligations, and asset security enforcement plans with the lender group (ongoing post-closing).