The United Arab Emirates is the latest country in the Middle East to overhaul its competition regime. On December 29, 2023, a new competition law comes into effect, including a new merger control regime that can be triggered...more
Middle East dealmaking has been trending up steadily over recent years, reaching the highest annual volume on record in 2021. Annual deal value, meanwhile, posted its second highest figure on record, after 2019, with US$120.7...more
9/29/2022
/ Acquisitions ,
Buyers ,
Global Dealmaking ,
Investment ,
Investors ,
Mergers ,
Middle East ,
Special Purpose Acquisition Companies (SPACs) ,
Technology Sector ,
UK ,
United Arab Emirates (UAE)
Deal volume has reached new highs as dealmaking confidence in the region returns -
Middle Eastern dealmaking has surpassed expectations so far in 2021. A total of 98 deals changed hands during the first three quarters—the...more
Companies and their workforces are facing extraordinary challenges during the period of disruption caused by COVID-19, and Governments around the world are introducing new legislation and guidance on a frequent basis to help...more
This alert focuses on the position for onshore businesses in the UAE as well as in the Dubai International Financial Centre (the “DIFC”) and the Abu Dhabi Global Market (the “ADGM”) free zones.It sets out the measures being...more
5/4/2020
/ Abu Dhabi Global Markets (ADGM) ,
Board of Directors ,
Coronavirus/COVID-19 ,
DIFC ,
Employee Rights ,
Fiduciary Duty ,
Financial Assistance Policies ,
Financial Stimulus ,
Free Trade Zone ,
Insolvency ,
Layoffs ,
Licensing Fees ,
Relief Measures ,
Rent Reduction ,
Sick Pay ,
Tax Free Zones ,
United Arab Emirates (UAE)
M&A in the Middle East saw a massive 284% year-on-year rise in value in H1 2019—though this was due in large part to a single deal, Saudi Aramco’s announced US$70.4 billion acquisition of a 70% stake in petrochemical firm...more