A&O Shearman has advised the creditors’ committee to Emirates Hospitals Group (EHG), a multi-specialty Emirati healthcare provider, in connection with an AED 3.5bn (c. USD 950 million) debt restructuring. The restructuring was implemented under the UAE bankruptcy law, having received overwhelming approval from EHG’s creditors last summer and having been overseen by the Abu Dhabi […]
BlackRock and KSA PIF Sign Investment Management MoU
BlackRock, the world’s largest asset manager, has entered into a non-binding Memorandum of Understanding (MoU) with the Public Investment Fund (PIF) of Saudi Arabia. The MoU outlines the establishment of BlackRock Riyadh Investment Management (
Addleshaw Goddard Announces New Leadership
Addleshaw Goddard, has announced the commencement of Andrew Johnston’s term as Managing Partner. Johnston has unveiled an ambitious vision for the firm’s future, aiming to double its size by 2030. The growth strategy will
HSA Group Announces New Compliance Policies
In a significant move towards strategic transformation, HSA Group has launched the first generation of its new compliance policies. The new compliance policies aim to enhance good governance practices, comply with international standards, and achieve
Amr & Partners Paves the Way for Villeroy & Boch’s
Villeroy & Boch, an international ceramics manufacturer, has successfully established its manufacturing presence in Egypt. This milestone was achieved through a strategic partnership with Keramika Magenta, a prominent player in the local ceramics industry. Amr &
Freshfields Guides 3M Through Solventum Spin-Off
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has provided legal counsel to the US-based technology conglomerate 3M in its spin-off of the healthcare division, now known as Solventum, which is listed on the New York
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
Al-Hossam Legal Facilitates KIPCO’s Divestiture of Gulf Insurance
Al-Hossam Legal, played a pivotal role in Kuwait Projects Company’s (KIPCO) strategic move to divest its 46.32% holding in Gulf Insurance Group K.S.C. (GIG). The transaction, valued at an impressive US$860 million, witnessed
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 (
Renowned legal powerhouses Allen & Overy and Shearman & Sterling have unveiled their plans to merge, establishing an unprecedented global law firm known as Allen Overy Shearman Sterling – or A&O Shearman for short.