In a groundbreaking legal triumph, Habib Al Mulla and Partners‘ esteemed tax and financial crimes team secured a resounding success in a recent taxation dispute brought before the Federal Supreme Court of the United Arab Emirates (UAE). Representing the taxpayer, the team effectively challenged the Federal Tax Authority, resulting in a landmark decision that not […]
Banking & Finance
United Arab Emirates
UAE’s Enhanced AML/CFT Framework: A Deep Dive into Cabinet Decision
Taking Measures to Combat Money Laundering and Terrorism Financing Crimes Cabinet Decision No. 109/2023 marks a significant step in the UAE’s fight against financial crime, introducing a robust and forward-thinking approach to anti-money laundering (AML)
In a global expansion of its partnership, Norton Rose Fulbright elevates 49 lawyers across 10 practices for the 2024 class. The promotions, effective January 1, 2024, span 22 offices worldwide, including South Africa where directors have been appointed. Key practice areas
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) played a key role in guiding Invest Bank through its groundbreaking capital restructuring plan. This involved a landmark move where the Government of Sharjah provided a guarantee for
Global law firm Dentons has provided legal counsel to Immensa, a prominent additive manufacturing and digital inventory platform operating in the MENA region. Immensa successfully secured a substantial investment of US$20 million in its latest
The Global Association of Corporate Counsel (“ACC”) has approved the appointment of Dr. Mogy to officially take the reins as the new President and Chairman of Board of Directors of ACC Middle East and North
Opinions
Services
United Arab Emirates
COP 28 Insight: Shaun Johnson’s Global View on Climate Action
With Suzan Taha With COP 28 now concluded, LegalcommunityMENA had the opportunity to sit down with Shaun Johnson (pictured), Group Chief Legal Officer at Beeah Group, a trailblazer in sustainability and digitalization. With over 24 years of
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
A&O: Fajr Capital buys into Aster DM Healthcare’s GCC business
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
Banking & Finance
Opinions
United Arab Emirates
COP 28 Insight: Money Laundering in Environmental Offenses
With Suzan Taha On the concluding day of COP 28, LegalcommunityMENA’s COP 28 Insight series continues, with a focus on the intersection of law, climate action, and financial integrity with Tarek Saad and Haytham Alieh, esteemed
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
