A consortium led by Fajr Capital, guided by Allen & Overy, is set to acquire a 65% stake in Aster DM Healthcare, specifically its GCC business. Aster DM Healthcare’s board of directors has approved the separation of its India and GCC businesses into distinct entities, pending regulatory and corporate approvals, including shareholder consent. In the […]
Capital Markets
Fashion, Luxury & Design
United Arab Emirates
King & Spalding: Aydın Group sells Major Stake to DIB
King & Spalding provided legal guidance to Aydın Group in the sale of a 20% minority stake in the T.O.M. Group to Dubai Islamic Bank (DIB). This transaction includes an option for DIB
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises Aldar Properties in London Square Acquisition
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
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
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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 (
