The UAE Federal Tax Authority (FTA) has published Public Clarification VATP015 on the key considerations for a transaction to qualify as a transfer of business in the UAE. As a transfer of business is outside the scope of VAT, qualified transactions will have implications for both the seller and the buyer.Read more…
Mohamed Yousuf Naghi Motors acquires Ford and Lincoln Dealership in Saudi Arabia
Legal Advisors, Abdulaziz Alajlan & Partners advised Mohamed Yousuf Naghi Motors Company Ltd in relation to the acquisition of all assets from Al Jazirah Vehicles Agencies Company (AJVA) in connection with the Ford and Lincoln distributorship in the western and southern regions of Saudi Arabia; and the negotiation and execution of the distribution arrangements with Ford and Lincoln.Read more…
UAE reduces fees to boost business and attract brand owners
Cabinet Decision No. 51 of 2019 (issued on 4 July 2019 and published on 7 July 2019), introduces a new fee and fine structure, whereby fees for over 100 services will be cancelled, and those of eight services will be reduced by up to 50%. This is welcome news for brand owners, whose fees have now been reduced by up to 50%, particularly those considering trade mark registration in the UAE.
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Middle East M&A deal values quadruple in 2019 despite dip in global volumes: Baker McKenzie Report
Global M&A activity saw fewer but higher value transactions in the first half of 2019 (H1 2019), with total deal values increasing by 19% from the previous half year, while deal volumes fell by 12%. The trend was reflected in the Middle East, with total M&A deal values increasing fourfold from the last half of 2018, despite a slight dip in volumes, according to the latest report by global law firm Baker McKenzie*.
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Taking Center Stage: The Rise and Rise of M&A Compliance Due Diligence
Based on a survey of more than 300 corporate leaders and legal advisers who handle transactions, along with insight from Baker McKenzie compliance, antitrust and corporate partners, the latest Baker McKenzie report assesses the challenges and risks that regional and multinational organizations face in relation to compliance due diligence (CDD) across both M&A and JVs.
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