Ajai is a Senior Associate in the Banking & Finance team in Dubai.

Ajai is an experienced lawyer with a wide range of banking and finance experience. Ajai has worked in both private practice and in-house roles and has acted for a diverse range of financial institutions, corporates, borrowers and sponsors. Ajai has extensive experience dealing with financing transactions in a multitude of jurisdictions including the GCC, Singapore, India and Indonesia.

Prior to joining Hadef & Partners, Ajai worked at magic circle and top tier law firms in private practice as well as in-house at Emirates NBD Bank and Etihad Airways. Ajai completed his degree in law at the National Academy of Legal Studies and Research University of Law, Hyderabad, is admitted to practice law in India and is registered with the Dubai Legal Affairs Department.

Admissions

• Bar Council of Delhi

• Advising the international sponsors in connection with the US$3.9 billion Project Lightning, an undersea high voltage DC pipeline between onshore Abu Dhabi and offshore electricity stations.
• Advising the joint bookrunners, lenders and local security agent in connection with the €1.4 billion equivalent syndicated debt financing for Delivery Hero.
• Advising AMEA Power in connection with two financings (aggregating approximately USD 1.1 billion) for the establishment of a solar power project (Abydos) in the Aswan Governorate in Egypt and Egypt's largest wind power project, a 505MW wind farm in the Red Sea Governorate in Egypt (Amunet).
• Providing legal and regulatory advice to a leading global private bank with respect to the provision by such bank of international wealth management services  (such as dealing in securities, bonds, funds and foreign exchange, trading in structured products and derivatives, securities lending and borrowing, dual currency investments, providing recommendations and financial advice on investment products, discretionary and non-discretionary fund portfolio management and accepting deposits and providing loans) to its target clients, being mostly high net worth individuals or private investment companies or related entities.
• Acting for and advising a multilateral development finance institution, in relation to a secured financing for one of Africa’s largest renewable energy providers.
• Advising on, and preparing template documentation (both conventional and Islamic) for, a leading UAE bank to enable such bank to issue guarantees to other commercial banks to support borrowings and other credit facilities that are obtained by SME entities for term loan and working capital purposes.
• Managed a project to condense and overhaul the standard internal loan and security documentation for Emirates NBD.
• Acting for and advising Etihad Airways in connection with multiple aircraft sale and purchase and financing transactions.
• Acted for and advised several start-up and established airlines in connection with aircraft purchase, financing and refinancing transactions.