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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.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, passed a new law relating to the manner in which outdoor and public space advertising is approved and displayed in the Emirate. Decree No. 06 of 2020 regarding the regulation of advertisements in the Emirate of Dubai was passed into law on 20 February 2020. Decree 6 of 2020 is limited in scope to the various forms of outdoor and physical advertising that can be placed within the Emirate.
The law repealed an earlier Local Order from the Dubai Municipality (Local Order No 6 of 1986) that applied to the same activity. The differences between the Local Order and Decree 6 of 2020 are minimal, but may prove to be important.
The new decree includes clarifications of the penalties for non-compliance (up to AED 15,000), which can be multiplied in the case of repetition of offences.
The above provisions will apply from 20 August 2020.
Fiona Robertson
Senior Counsel, Head of Media
Technology, Media & Telecommunications
f.robertson@tamimi.com
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