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Africa to Asia: Legal Narratives of Change and Continuity
This Edition of Law Update, From Africa to Asia: Legal Narratives of Change and Continuity, takes you on a journey through dynamic markets.
Africa is undergoing a tech-driven transformation, overcoming regulatory challenges while its startup ecosystem thrives. India’s legal framework is evolving rapidly, keeping pace with its expanding economy and diverse business environment.
We also dive into China’s regulatory shifts, particularly how they are shaping investments in the MENA region, and explore Korea’s innovative global partnerships, which are driving advancements in industries across the UAE and beyond.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Consequences of LIBOR replacement in Middle East banking market
The London Interbank Offered Rate is a ubiquitous feature in financing transactions across the Middle East. Accordingly, the removal of LIBOR in 2021 and implementation of proposed alternatives will have wide reaching consequences.
Al Tamimi & Company & Outer Temple Chambers hosted an interactive webinar where the following points were discussed;
- A recap on LIBOR replacement, the alternatives and impact on regional lending
- Overview of the English and local law risks to LIBOR replacement, with a special focus on the English law litigation issues.
- Consequences for facility and hedging agreements.
- Suggestions for managing the legal and contractual issues of the transition.
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