This briefing supplements our previous Dechert OnPoint briefings “Alert on New UAE FDI Law,” and “UAE FDI Law Positive List Confirmed” which discussed the introduction of the Foreign Direct Investment Law (Federal Decree-Law...more
On September 15, 2020 the United Arab Emirates (the “UAE”) and the State of Israel officially signed the “Abraham Accords Peace Agreement: Treaty of Peace, Diplomatic Relations and Full Normalization Between the United Arab...more
In the wake of the high profile collapse of the private equity firm Abraaj Capital, the Dubai International Financial Centre (“DIFC”) updated its insolvency regime with the introduction on June 13, 2019 of the new DIFC...more
5/2/2020
/ Chapter 11 ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Creditors ,
Cross-Border Transactions ,
Debtors ,
Debtors-in-Possession ,
DIFC ,
Financial Distress ,
Insolvency ,
Moratorium ,
Popular ,
Relief Measures ,
State of Emergency ,
UNCITRAL ,
United Arab Emirates (UAE)
Pursuant to Cabinet Resolution No. 16 of 2020, the UAE has confirmed the list of sectors and economic activities in which increased foreign direct investment is permitted (the “Positive List”)....more
With the significant strain placed on market participants as a result of the combined impacts of the global COVID-19 pandemic, the oil price war and the ensuing liquidity and credit crunches, we expect that a number of...more
4/9/2020
/ Bankruptcy Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Directors ,
Insolvency ,
Personal Liability ,
Relief Measures ,
United Arab Emirates (UAE)
On October 31, 2019, the Dubai International Financial Centre (“DIFC”) issued, under the DIFC Companies Law (Law No.5 of 2018) (the “Companies Law”), the Prescribed Company Regulations (the “Regulations”). The main objective...more
The United Arab Emirates (UAE) has adopted a new Foreign Direct Investment law (the “FDI Law”) which constitutes a significant change to the foreign ownership restrictions currently in force in the UAE. ...more
The leadership of Saudi Arabia (the “KSA”) has embarked on a bold transformation strategy to revitalize KSA’s economy and to position it for the demographic and economic challenges that lie ahead. The flagship transaction for...more
President Donald Trump will be making his first official overseas trip as president to the Kingdom of Saudi Arabia, commencing May 20, 2017. During the course of the president’s trip, over US$100 billion worth of...more
5/18/2017
/ Capital Markets ,
Energy Sector ,
Foreign Investment ,
Initial Public Offering (IPO) ,
Joint Stock Companies ,
Limited Liability Company (LLC) ,
Military Contracts ,
Oil & Gas ,
Privatization ,
Professional Services Companies ,
Saudi Arabia
The publication of the Regulations is driven by the continued effort to attract additional foreign investment into the Kingdom and to harmonize the CMA’s own rules with those of the newly revised Companies Law2, as overseen...more
3/20/2017
/ Audits ,
Board of Directors ,
Capital Markets Authority ,
Conflicts of Interest ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement Actions ,
Initial Public Offering (IPO) ,
Internal Controls ,
Joint Stock Companies ,
Saudi Arabia ,
Shareholder Rights ,
Transparency
The Capital Market Authority (CMA) of the Kingdom of Saudi Arabia (KSA) has approved new regulations for Saudi and for Gulf Cooperative Council (GCC) incorporated joint stock companies (JSC) to list on the Kingdom’s new...more
The introduction of a new regime for the establishment of so called ‘intermediate special purpose vehicles’ (“Intermediate SPVs”) in the DIFC was approved by the Dubai International Financial Centre (“DIFC”) Authority on 19...more
After a number of ebullient years of activity until late 2007, the Middle Eastern private equity industry is facing new challenges as fund-raising is getting tougher and investors across the board have become more demanding....more