Our first edition of 2022 focuses on Healthcare and Life Sciences. It is a sector that will once again have the spotlight on it this year as we continue to tackle COVID-19 and its subsequent variants. While the pandemic continues to challenge the sector, governments across the region forge ahead with their plans to expand and upgrade healthcare systems and develop robust world-class healthcare infrastructure.
For the region, healthcare is a vital pillar in diversifying its economies, both locally and as medical tourism hubs. To underpin this, healthcare authorities across the region continue to implement frameworks and regulations that provide structure and accountability.
In this edition, you have unique access to great insights and expert commentary on a number of pertinent healthcare regulatory developments. You will find a topical mix of articles; for example, our lawyers discuss vaccines and returning to work during the pandemic. They take you through several other areas, including stem cell research in Bahrain, clinical research laws in Egypt, and Saudi medical device and pharmaceutical laws.Take a read of the edition
Welcome to the Family Business edition of the Al Tamimi Law Update magazine.
Family Businesses pervade all aspects of the economy of the wider middle east, with statistics pointing to the vast majority of industry in private hands. These businesses have developed in step with the growth and maturity of the region’s economies over recent decades, assisted in part by the obvious mutual benefit to governments of a healthy and dynamic private sector. However, the key characteristics that make them such successful wealth generators; flexibility and the adaptability to pivot and catch the next opportunity also belies their most significant flaw, the reliance on individuals. Owners are often critical to the continuing success of a business and the biggest challenge for founders is to ensure that success continues into the future.
Governments have recognised this challenge: Nawal Abdelhadi explores the recent legislative developments focusing on assisting family businesses. I identify how the dual financial hubs of the DIFC and ADGM can assist families looking to restructure for the long term.
Both Alyzeh Zahid and Ingy Darwish, in their respective articles focus on the inner workings of a well-structured family business and how best to ensure their ongoing success.
Real Estate is a common asset class to all substantive family owned businesses in the wider region and in his Article, Abdulla Khaled addresses some of the key regulatory issues when considering how to structure and deal in family owned real estate.
And finally, in this edition, particular aspects of real estate planning, tax and the defensibility of common ownership structures are explored in depth.
We hope that you find this issue informative and all of the authors are available to address any queries or comments arising from the content.