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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
Ministry of Tourism and Antiquities Decree no. 304 of 2021 provides that tourism companies that fall under category (A or C) are required to install tracking devices in their vehicles in accordance with the technical specifications within the framework plan set out by the competent general department of the Ministry of Tourism and Antiquities.
Such tourism companies shall be obligated to comply with the above decision by no later than the following periods:
In case of non-compliance, the license of the violating touristic vehicle shall be revoked.
Al Tamimi & Company’s team of aviation and maritime lawyers have an unparalleled regional reputation. Our rights of audience before the courts across the Middle East and North Africa, as well as local insights have enabled us to represent clients in complex local and multi-jurisdictional claims, defences, and commercial transactions, with continued success.
Our practice and partners consistently rank top in legal directories including Chambers & Partners and Legal 500, attesting to the results we produce for our broad base of clients comprising of airlines, ship owners, financial institutions, insurers, charterers, ship yards, logistics companies, repairers, cargo owners and commodity trading houses.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.