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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.
Jordan has recently announced a significant development in data protection legislation. The new Data Protection Law, No. 24 of 2023 (the “Data Protection Law”), represents a crucial step forward in safeguarding user data and information. This law, in parallel to the European Union’s General Data Protection Regulation (“GDPR“), introduces important principles of data transparency, accuracy, storage limitation, and data minimization, although not as comprehensively inclusive.
As the leading law firm in the Middle East & North Africa Region, we are committed to helping clients navigate the Data Protection Law and ensure their compliance with its provisions. We have a team of experts who can advise you on the best practices and strategies for data collection, processing, transfer, and security, and assist you with any legal issues or disputes that may arise from the implementation of the law. If you have any question, please reach out to our key contacts David Yates or Thamer Shomar.
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