International law firm CMS has offered comprehensive legal counsel to Aldar Properties (Aldar), a prominent real estate developer, investor, and manager based in the UAE, in its acquisition of London Square Developments for an enterprise value of £230 million. This strategic move represents Aldar’s inaugural venture beyond the MENA region, marking its foray into the […]
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
The Dubai Real Estate Court’s UniqueRuling
The Dubai Real Estate Court recently issued a unique judgment, establishing the developer’s right to combine the stipulated compensation stated under the contract, along with loss of profits due to a decrease in the
Asafo & Co. provided legal assistance to AfricInvest, Amethis, IFC, and Proparco in their acquisition of a controlling interest in Netis, a prominent pan-African telecom infrastructure service provider. Additionally, Asafo & Co. provided counsel to
Global law firm Allen & Overy (A&O) has acted as legal counsel to a consortium of Moroccan institutional investors, comprising MAMDA, CIMR, and RCAR, alongside Sucden Group, in the successful acquisition of Wilmar
Capital Markets
Egypt
Photos
Egypt’s New Export and Investment Guarantee Agency: A Comprehensive Overview
Introduction On 9 November 2023, Egypt took a significant step towards bolstering its exports and investments. Law No. 178 of 2023 was issued, establishing the Egyptian Agency for Export and Investment Guarantee (the “Agency”). This law, which came into
Capital Markets
Corporate
Other
Yassir Zarhouni-Led ZARHOUNI LAW FIRM Orchestrates Strategic Shipping Sector Engagements
Casablanca-based legal powerhouse, ZARHOUNI LAW FIRM, led by esteemed attorney Yassir Zarhouni, continues to make waves in the legal landscape, showcasing expertise in facilitating strategic acquisitions and advising global entities on pivotal investments in Morocco.
In a significant move in the industrial sector, global law firm Baker McKenzie has played a pivotal role in assisting Georg Fischer (GF), an international industrial powerhouse headquartered in Schaffhausen, Switzerland, specializing in piping, casting,
Banking & Finance
Capital Markets
Restructurings
United Arab Emirates
Financial Hub DIFC Witnesses Surge in Global Hedge Fund Migration
Dubai’s International Financial Centre (DIFC) has emerged as a magnet for globally renowned hedge funds, marking a significant surge in the migration of top-tier financial entities to the Middle East, Africa, and South Asia (
Global law firm Clyde & Co has played a pivotal role in advising Arabian Contracting Services Company (Al Arabia), a prominent Saudi-listed entity, on its SAR 1.05 billion acquisition of the entire issued share capital of
Capital Markets
Saudi Arabia
Saudi Ministry of Investment Sets Minimum Capital Requirements for Foreign
The Ministry of Investment in Saudi Arabia has unveiled new guidelines and minimum capital requirements for foreign companies looking to obtain licenses for wholesale and retail trade activities with full ownership in the Kingdom. The
