The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.Read the full edition
Al Tamimi’s Equity Capital Markets team has advised on a USD 4.5 million share repurchase programme for a UK plc listed on Nasdaq Dubai, one of the very few share repurchase programmes that has been carried out for a listed company since the inception of the exchange.
Al Tamimi provided legal and regulatory advice to BLME Holdings plc in relation to a share repurchase programme. The advisory role involved discussions with the DFSA and Nasdaq Dubai on the unique structure of the programme, which was required in order to enable BLME Holdings plc to complete the programme whilst complying with the applicable legal and regulatory requirements of each of the DFSA, Nasdaq Dubai and the UK Companies Act 2006 and to facilitate the programme to be carried out as an off-market repurchase rather than a tender offer.
The firm’s Equity Capital Markets team is led by partner Andrew Tarbuck, who added “The Al Tamimi ECM team is delighted to be involved once again on complex cross-border transactions involving public companies listed in the UAE. The share buy-back for our Nasdaq Dubai listed client, BLME, is a good liquidity event for their existing shareholders”.