Majid Al Futtaim, a leader in fashion, shopping mall, communities, and leisure segment across the Middle East, Africa, and Asia, has entered into a strategic partnership with Poltrona Frau, the luxury Italian furniture brand. As per the agreement, Majid Al Futtaim Lifestyle has acquired the rights to Poltrona Frau products in the UAE. As part of […]
Watson Farley & Williams (“WFW”) has secured a favourable judgment for its client Gulf Wings (“Gulf Wings”) before the Dubai International Financial Centre (“DIFC”) Court of Appeal in the case Gulf Wings FZE v A & K Trading Limited (1) Mr Kamel Abou Aly (2) Mr Ahmed Abouhashima (3) CA-014-2 022. Gulf Wings successfully obtained contempt orders against […]
Global law firm Shearman & Sterling has announced the election of Omar Alkaffas (pictured) as a Project Development & Finance (PDF) partner in Abu Dhabi. Alkaffas advises governments on strategic, regulatory, and fiscal matters, corporates and financial institutions on joint ventures, mergers and acquisitions and project development and finance transactions. He has advised on several […]
From MENA to the WORLD In this week’s article, LegalcommunityMENA will be exploring the recent amendments to the Emiratisation law, commonly known as Nafis. The objective of Nafis is to promote the employment of UAE citizens in the private sector, with a goal of increasing their presence in the workforce over the next five years. […]
Deal & transactions
Transport
United Arab Emirates
A&O advises ADIO on Road Lighting LED PPP project in
Allen & Overy has advised the Abu Dhabi Investment Office (ADIO) and the Department of Municipalities and Transport (DMT) in Abu Dhabi in relation to Phase 2 of its Road Lighting public-private partnership project (PPP) in Abu Dhabi, UAE, which reached commercial close in December 2022. The project will be delivered by Nojoom, a joint […]
Banking & Finance
Banking & Finance
United Arab Emirates
Sequoia Capital acts as lead investor on Tabby’s $58M Financing
Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. The round valued the Dubai-based buy now, pay later start-up at USD660 million. The funding round was co-led by […]
Deal & transactions
TMT
United Arab Emirates
Latham & Watkins advises on BioNTech’s acquisition of InstaDeep
Latham & Watkins has provided legal counsel to Chimera Abu Dhabi in the sale of its investment in InstaDeep, a global technology company in the field of artificial intelligence and machine learning, to BioNTech. The deal includes BioNTech acquiring 100% of the remaining InstaDeep shares, excluding the shares already owned by BioNTech, for a […]
Deal & transactions
TMT
United Arab Emirates
Matouk Bassiouny UAE: Beyon Cyber acquires into DTS Solution
DTS Solution (“DTS”) has signed an agreement for the sale of a majority stake to Beyon Cyber (“BC”), part of the Beyon Group, a cybersecurity provider in Bahrain. Established in 2011, DTS Solution is a regional cyber security advisory, consulting and engineering firm headquartered in Dubai, UAE. The company offers various advanced services and solutions […]
From MENA to the WORLD The UAE’s new labour law, Federal Law No. 33 of 2021 (“New Labour Law”), came into force in 2022 and replaced the previous labour law (Federal Law No. 8 of 1980). LegalcommunityMENA sits down with Marco De Leo (pictured), Managing Partner at BonelliErede Dubai office, to shed some light on the matter. […]
Dr. Mohamed Elmogy has been appointed as Board Director, Association of Corporate Counsel – Middle East and North Africa Chapter. Mohamed Elmogy is a highly accomplished lawyer with over 25 years of experience in the field. His diverse background and extensive experience make him a versatile and valuable asset to any organisation. He is well-versed […]
