Legal Advice for Korean Business in Middle East

Sustainable Horizons: The Saudi Arabian Vision

We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.

For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.

There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.

Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.

Read the full edition

The leading law firm in the Middle East & North Africa region.

Korean companies have been key players in the Middle East in the construction & infrastructure and oil & gas sectors since the 1980’s. Over the last decades, Al Tamimi & Company witnessed significant growth of Korean companies doing business in the region, which led development of a dedicated group to support Korean companies with their legal requirements.

As the largest law firm in the Middle East, we have a dedicated Korea Group, comprised of 4 qualified lawyers and 3 paralegals, to service our Korean clients, including major conglomerates and contractors, SMEs and government entities.

Since 2012, Korea Group has been committed to addressing the specific needs of Korean companies in the Middle East. The Korea Group has the knowledge, expertise and cultural awareness to ensure our clients’ business is a priority and our team has Korean language capability and familiarity of the Korean corporate culture and we communicate closely with in-house counsels to provide efficient and timely advice: both legal and cultural. Combined with our local expertise, the Korea Group ensures to provide effective and practical solutions to challenges associated with Korean companies doing business in the Middle East.

We are well-positioned to guide Korean companies through the cultural nuances of doing business in the Middle East and our thorough understanding of the administrative processes of the regulatory authorities and ministries ensures that our clients save valuable time and money from the outset.

The Korea Group actively advises on new market entries of Korean companies and the most effective structure to build and expand their business in the Middle East. We also assist on a wide range of commercial arrangements for joint ventures and related local licensing matters.

For contentious matters, the Korea Group manages a wide range of litigation, arbitration and mediation matters teaming up with our Arabic speaking litigators who have right of audience in all of the nine countries where we have a presence being the UAE, Saudi Arabia, Qatar, Bahrain, Oman, Kuwait, Egypt, Iraq and Jordan. The Korea Group works side by side with other lawyers within the firm leading matters, attending meetings with the clients and directly working with our disputes resolution lawyers in the jurisdictions involved to effectively respond to client needs and concerns.

Our team works closely with specialist practices where necessary including Intellectual Property, Employment, Real Estate and Financial Crime to name a few.

OUR KOREAN CLIENTS

With extensive experience working with Korean companies, the Korea Group has witnessed a growing number of Korean clients engaged with us and we now proudly work with over 140 Korean companies.

Our clients include corporations across a wide range of business sectors such as electronics, construction & infrastructure, power & energy, banking & finance, shipping, import and export services, healthcare, defence, automotive, manufacturing, food and consumer goods.

In addition, as we maintain a good relationship with Korean government entities, our lawyers have been appointed as Special Advisors to not only the Korean Embassy/Consul General in UAE (Abu Dhabi and Dubai), KSA (Riyadh and Jeddah) and Qatar but also Korean government-owned entities, in which they advise on routine affairs involved by Korean residents and communities.

Please find below our issues of Korean News Digest: