Law Update: Africa

This month we bring you a special focus on a continent that boasts the world’s largest free trade area, a diverse economic make-up and increasing political stability. The latest edition of Law Update focuses on Africa, a territory that continues to be an attractive business and investment destination.

Like the rest of the world, Africa is still re-building from the impact of COVID-19, however, there continues to be an optimistic view of the opportunities the continent presents. An example of the appetite for investment into Africa was captured in a report we commissioned, titled Legal Leaders in MENA. Our survey of legal leaders revealed a resounding desire to expand into new territories, with 81% naming Africa as their investment destination of choice.

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

Law Firm
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Insights
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Law Update
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April 2020
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Real Estate and Hotels in the Time of COVID-19

Real Estate and Hotels in the Time of COVID-19

Tara Marlow - Partner, Head of Real Estate, Hotels & Leisure - Real Estate / Family Business

Dubai International Financial Centre

Our Focus for this month’s Law Update covers Real Estate and the Hotels & Leisure industry across the region. It is a timely focus given the unfortunate climate we find ourselves in as a result of the COVID-19 situation. No-one is escaping the pain that this is causing, and the Real Estate and Hotel sectors have been heavily impacted. We have seen launches of real estate projects postponed, temporary closure of hotels, restaurants, facilities and retail outlets, cancellation of events, thousands of hotel staff being furloughed, and generally revenues plummeting as a result of the necessary measures taken.

As Governments across the Middle East & North African (‘MENA’) region have been swift to take action to limit the spread of the virus, we are hopeful that the situation will be as short lived as possible, and business starts to return to normal before too long.

We have included a range of articles that we hope you find of interest. At the time of publication, we are busy assisting and supporting our clients in respect of the impact of COVID-19 on their day-to-day businesses. Whether

a landlord, financial institution, investor, hotel owner, hotel operator, fund or tenant, we are here to help.

Please do not hesitate to get in touch if you need any assistance, advice or guidance.