The foremost duty of a bankruptcy trustee is to maximize the value of the debtor’s assets for the benefit of its stakeholders. Numerous provisions of Saudi Arabia’s current bankruptcy law (the “Bankruptcy Law”) underscore the...more
On 5 March 2021, the UK’s Financial Conduct Authority (the FCA) announced that all LIBOR settings will either cease to be provided by any administrator or will no longer be representative by 31 December 2021 or, for some...more
4/21/2021
/ Commodities ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Transactions ,
Gulf Cooperation Council (GCC) ,
Libor ,
Loan Agreements ,
Purchasers ,
Risk Free Rates (RFRs) ,
Sellers ,
Sterling Risk-Free Reference Rates (SRFRR) ,
UK
The Dubai International Financial Centre (the DIFC), a financial free zone in the United Arab Emirates (the UAE), is the leading financial hub for the Middle East, Africa and South Asia. It has implemented the new enhanced...more
9/17/2020
/ Africa ,
Asia ,
California ,
California Consumer Privacy Act (CCPA) ,
Data Breach ,
Data Protection ,
Dubai ,
EU ,
General Data Protection Regulation (GDPR) ,
Middle East ,
Personal Information ,
Standard Contractual Clauses ,
United Arab Emirates (UAE)
A lot of discussions have taken place over the past seven months or so in light of COVID-19 and the market reaction to it. The purpose of this client briefing is to share some observations with you from our recent experiences...more
On 11 March 2020, the World Health Organisation (“WHO”) declared COVID-19 to be a pandemic, with the WHO "deeply concerned by the alarming levels of spread and severity" of the outbreak. In response, the financial markets...more
The impact of the coronavirus outbreak, now officially named “Covid-19”, on businesses in the Middle East is already being felt; the recent G20 summit hosted in Riyadh, Saudi Arabia discussed economic consequences, government...more
3/3/2020
/ Contract Negotiations ,
Contract Terms ,
Coronavirus/COVID-19 ,
Force Majeure Clause ,
Infectious Diseases ,
Notice Requirements ,
Preservation of Rights ,
Public Health ,
Recordkeeping Requirements ,
Risk Mitigation ,
Supply Chain
Non-UK resident investors (Investor) usually acquire UK commercial real estate (UK Property) through non-UK resident companies, for example Jersey limited liability companies. A typical holding structure put in place by an...more
INTRODUCTION -
It has been a busy few months for private equity activity in Africa. Statistics and transactions have illustrated a growing appetite for investment in the continent and, crucially, growing confidence and...more
Welcome to the Spring 2018 issue of measure, King & Spalding’s Middle East periodic newsletter. Following a host of legal developments in the region over recent months, we look at the following in this issue:
..Noting that...more
Background -
Against the backdrop of the increasing prominence of cryptocurrencies globally, initial coin offerings or ICOs are becoming commensurately popular as a capital raising method. ICOs, essentially a method of...more
1. Introduction -
This client alert provides a summary of key UK tax considerations when a nonresident invests into UK commercial real estate. There are a number of holding structures for investment into UK real estate...more
Amendments to Foreign Fund Private Placement Exemptions in the UAE -
In August 2016, the Emirates Securities and Commodities Authority (SCA), the federal securities regulator of the United Arab Emirates (UAE), adopted...more
2/13/2017
/ Banking Sector ,
Debt ,
DIFC ,
Exemptions ,
Investment Funds ,
Joint Venture ,
Private Placements ,
Public Private Partnerships (P3s) ,
REIT ,
Saudi Arabia ,
Turkey ,
United Arab Emirates (UAE)
In August 2016, the Emirates Securities and Commodities Authority (SCA), the federal securities regulator of the United Arab Emirates (UAE), adopted new investment funds regulations (the 2016 Fund Regulations), which repealed...more
Implementing Islamic Financing for Renewable Energy Projects -
The Middle East and North Africa (MENA) region has recently seen a surge of interest in developing renewable energy, in particular solar energy projects. Led...more
9/20/2016
/ Acquisitions ,
Bankruptcy Code ,
BOEM ,
Coal Industry ,
Covenants that Run With the Land ,
Due Diligence ,
Energy Sector ,
Feed-in-Tariffs ,
Financial Institutions ,
Middle East ,
Midstream Contracts ,
Offshoring ,
Oil & Gas ,
Power Purchase Agreements ,
Renewable Energy ,
Risk Management