Introduction to Company Acquisitions in Kingdom of Saudi Arabia

Overview The article examines the material legal process involved when undertaking a corporate acquisition transaction in Saudi Arabia (Acquisition Transaction). The general process an Acquisition Transaction undergoes shares several similarities with similar types of transactions in other jurisdictions. Notwithstanding, the prevalent regulations and overriding legal system unique to KSA must be taken into consideration and…

UAE Corporate Law: A shifting Landscape

It all started when Federal Law No.2 of 2015 was enacted, amending the legal regime that governs local and foreign companies under Federal Law No.4 of 1984. These changes have impacted on several corporate practices including the governance of private and public companies, their legal structure, dissolution, liquidation, mergers and acquisitions, and applicable penalties. As…

UAE Approves Long-Term Visa System

In the latest update to the United Arab Emirates (UAE) visa system, the UAE Cabinet has approved the highly anticipated long-term visa for investors, entrepreneurs, specialized talents, researchers in the fields of science and knowledge and outstanding students. The purpose of the new visa will be to encourage investment within the UAE as well as…

DIFC Announces New Laws & Regulations

As of November 12th, 2018, the following Laws and Regulations are effective in the DIFC: Companies Law, DIFC Law No. 5 of 2018 Companies Regulations Operating Law, DIFC Law No. 7 of 2018 Operating Regulations Ultimate Beneficial Ownership Regulations All companies operating within the jurisdiction of the DIFC must ensure full compliance with the above…

The UAE Foreign Direct Investment Law

A landmark law that will allow foreign investors to own 100 percent of companies in the United Arab Emirates, limited to specific industries, will be fully implemented by the end of 2018. The UAE Cabinet decision approved on May 20th, 2018 is the latest in a string of the legislative developments aimed at stimulating economic…

BSA Ahmad Bin Hezeem & Associates Appoints New Head of Insurance in Dubai

BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, has announced the appointment of Simon Isgar as Head of Insurance. A qualified barrister, Simon previously headed up Kennedys Dubai LLP’s MENA corporate and regulatory insurance practice. He joins BSA’s growing team of corporate lawyers, to form the largest corporate insurance practice in…