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…

From Generation to Generation

With the Sharia Law, Federal Law, the law of individual Emirates and freezones all coming into play, UAE Inheritance Law can be complicated. Edouard Salwan, Senior Associate contributes to Emirates Law expert panel, and explains its impact on Emiratis, Muslim and non-Muslim expatriates with property and joint ventures in the Emirates. “To understand how succession and inheritance…

Trusts & Firm Foundation

The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses. The regulatory framework of succession planning in the UAE includes both civil and Islamic law principles. However, as the DIFC has its own independent jurisdiction within the UAE, it is also empowered to…

Commentary on the Saudi Arabian Bankruptcy Law

The Saudi Arabian Bankruptcy Law complies with the best international practices and gives Saudi Arabia a legal infrastructure to deal efficiently with companies that get into financial difficulties, paving the way to achieving financial stability while simultaneously benefiting both creditors and debtors.  The article discusses preventative settlement, financial reorganization and restructuring, liquidation process, as well…

BSA advises Louis Dreyfus Armateur on an agreement with EGA

  BSA’s Dubai Lawyers’ Bertrand Dumon and Edouard Salwan advised Louis Dreyfus Armateurs, a French global Group engaged in maritime  transportation and services, in the structuring of their activities in the region and on an undertaking to form a joint venture company with Abu Dhabi Ports  to work together to implement a 15 year agreement for the transshipment of bauxite…