By Christopher Lester and Connie Leung The Prescribed Company Regulations offer a more flexible incorporation and permitted purposes regime than its predecessor, the Special Purpose Company Regulations. Prescribed Companies are a type of corporate vehicle available in the Dubai International Financial Centre (DIFC), the financial free zone of the Emirate of Dubai, United Arab Emirates … Continue Reading
UAE Federal Cabinet approves Positive List of activities eligible for up to 100% foreign ownership. By Christopher Lester and Connie Leung WAM, the Emirates News Agency, reported on 2 July 2019 (the WAM Report) that the UAE Federal Cabinet has approved 122 economic activities across 13 sectors that will be eligible for up to 100% … Continue Reading
On 15 June 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s financial free zone, published the following six new regulations concerning the regulation of non-financial services in the Global Market: – Application of English Law Regulations; – Companies Regulations; – Operating Regulations; – Insolvency Regulations; – Employment Regulations; and – Real Property Regulations. … Continue Reading
With the rise in frequency of mergers & acquisitions (M&A) in Africa, the 26 percent growth of M&A in the Middle East this year and the global volume and value of M&A at its highest for years in the first three quarters of 2014, global M&A activity is expected to continue its growth through 2014 … Continue Reading
GCC-based family businesses are increasingly looking towards the US commercial real estate market for potential investments. Latham & Watkins recently hosted a seminar in our Abu Dhabi, Dubai, Doha and Riyadh offices to discuss how GCC investors typically structure US commercial real estate investments and what US tax considerations businesses should keep in mind. A … Continue Reading
