Global law firm Clyde & Co has successfully defended marine insurers in a significant jurisdictional challenge before the Dubai International Financial Centre (DIFC) Court of Appeal. Led by Leonard Soudagar (pictured left), the Clyde & Co team achieved a favourable outcome in a case that carries significant implications for the insurance market in the United […]
Deal & transactions
Insurance
Other
MetLife partners with Global Atlantic in $19.2 Bil Reinsurance Deal
The Advisors Stephen Gauster (pictured), Executive Vice President & General Counsel at MetLife, leads the legal team. Willkie Farr & Gallagher acted as legal counsel and Goldman Sachs & Co. acted as
Capital Markets
Egypt
Insurance
Zulficar & Partners assists Sika Group in strategic acquisition deal
Zulficar & Partners Law Firm has acted as legal counsel to Sika Group in its acquisition of 50% of MBS Construction Chemicals Egypt and 4% of MBS Construction Chemicals Trading from United Holding Company and Middle East
Eversheds Sutherland has provided legal advice to Damaan Islamic Insurance Company (“Beema”) on the direct listing of 100% of its shares on the Main Market of the Qatar Stock Exchange. Beema’s share have been admitted
Insurance
News
United Arab Emirates
Orient Insurance fails to reclaim $340m for Address Downtown fire
Orient Insurance, part of UAE’s Al-Futtaim Group, has lost a claim case to recover the amount it paid to Emaar Properties for losses resulting from the fire that broke out at the Address Downtown
Deal & transactions
Insurance
United Arab Emirates
Dar Al Takaful and Watania merge to create UAE’s largest
Shari’ah-Compliant insurance companies Dar Al Takaful (“DAT”) and National Takaful Company (“Watania”) have completed their merger effective on 01 July 2022 pursuant to the merger plan announced on 3 March 2022. As part of the merger completion
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
