We are pleased that many of you were able to attend Baker McKenzie’s recent seminar in Dubai in January 2019, focusing on how companies in the Middle East can manage the key issues faced when integrating and transforming a business. We hope you found the session interesting and informative.
Leading global law firm Baker McKenzie recently hosted a seminar in Dubai in January 2019 focusing on how companies in the Middle East can manage the key issues faced when integrating and transforming a business, with practical guidance on the key employment, tax, and compliance and corporate governance issues.
Global M&A deal values soared in 2018, rising by 19% to US$4 trillion compared to 2017 values, although deal volumes dropped by 8% versus the previous year. Middle East market activity also remained robust, with a 50% increase in deal value for full year 2018, according to the latest report by global law firm Baker McKenzie*.
What has changed?
The United Arab Emirates (UAE) government intends to further relax foreign ownership restrictions, allowing international investors to own 100% of companies operating in the UAE mainland and granting long-term residency permits for foreign investors for the first time.