The new Banking & Finance 2024 guide covers over 30 jurisdictions. The guide provides the latest legal information on the loan market in each jurisdiction covered, including the impact of global conflicts and ESG lending; loan structuring and documentation, including restrictions on foreign lenders; tax issues; guarantees and security; enforcement; bankruptcy and insolvency; and project finance.
Category: Publications
Lending and taking security in the United Arab Emirates: Overview
This Q&A gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements.
It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.
Arrest of Vessels, Maritime Law Handbook
This handbook addresses the concerns related to the arrests of vessels in the United Arab Emirates. This concerns matters locally, regionally and internationally. Some topics discussed include; the competence of courts or other authorities, applicable international conventions, immunity of state-owned vessels, types of claims for which an arrest or attachment may be requested along with many others.
Unforeseen Emergency (Lexis Nexis)
This article, published by Lexis Nexis, discusses the impact of extreme weather conditions on contracting parties and where the burden will fall under UAE law.
Read the full edition here.
Commercial Real Estate in the United Arab Emirates: Overview
The Q&A gives a high-level overview of real estate investment structures; restrictions on foreign ownership; title; tenure; sale of real estate; real estate tax; real estate finance; leases; and planning law in the United Arab Emirates.
This Q&A is part of the global guide to corporate real estate law.
Weathering the April Storms
This article, published by the Oath, discusses the impact of the extreme weather conditions on parties in a contract and considers where the burden will fall under UAE law.
Shoosmiths Guide to Exiting Executives
A Guide to Terminating Senior Executives Around the Globe
This guide, spearheaded by Shoosmiths LLP in partnership with law firms around the globe (including Afridi & Angell for the UAE) outlines the key aspects to consider when it comes to successfully transitioning senior employees or executives out of businesses in countries around the world.
Participating jurisdictions include the UK, Australia, Austria, Belgium, California (USA), Denmark, Finland, France, Ghana, Hong Kong, Italy, Ireland, Japan, Kenya, Latvia, Luxembourg, Mauritius, Namibia, Norway, Poland, Rwanda, South Africa, Spain, Switzerland, The Netherlands, and the United Arab Emirates.
IT and Social Media Policies (United Arab Emirates)
A Q&A guide to IT and social media policies in the United Arab Emirates.
The guide provides an overview of all the key issues to consider when putting in place IT and social media policies in the UAE, some practical guidance for drafting and reviewing the policies.
It also considers the restrictions that an employer can place on employees in respect of their personal use and also any limitations on the employer’s ability to monitor their employees.
Arbitration in the Middle East: Dubai Court of Cassation clarifies the distinction between jurisdiction and admissibility for the first time
In arbitration, distinguishing between jurisdiction and admissibility can be complex. A recent Dubai Court of Cassation ruling clarified that contractual pre-conditions affect admissibility, not jurisdiction. This distinction is crucial, impacting both arbitration proceedings and the reviewability of awards, and signals a more arbitration-friendly approach in the UAE.
Read the full article here.
Private Equity in the United Arab Emirates: Market and Regulatory Overview
A Q&A guide to private equity law in the United Arab Emirates.
The Q&A gives a high level overview of the key practical issues including the level of activity and recent trends in the market; investment incentives for institutional and private investors; the mechanics involved in establishing a private equity fund; equity and debt finance issues in a private equity transaction; issues surrounding buyouts and the relationship between the portfolio company’s managers and the private equity funds; management incentives; and exit routes from investments. Details on national private equity and venture capital associations are also included.