24 Nov Nhb Legal Dubai
NHB Legal is a national law firm in the UAE specializing in both dispute resolution services and advisory services in various business areas. The partners and team combine a combined experience of 30 years of legal practice in Dubai and the United Arab Emirates. REAL ESTATE Real estate is one of our core competencies within the law firm. Our team has decades of experience representing large real estate developers and master developers in Dubai, United Arab Emirates. #dubai #unitedarabemirates #legal Insolvency and Bankruptcy Our team had the opportunity to work on some of the first proceedings filed under the UAE Insolvency Law. This has allowed us to gain first-hand experience in managing insolvency and bankruptcy proceedings in the UAE. Our team is supported by our panel of finance and accounting experts who ensure that the interests of all stakeholders are protected as part of the process. The services we offer in this area include: Advising companies in difficulty on the legal options available to deal with their specific situation. Negotiations with creditors, regulators and other stakeholders. Drafting and advising on debt restructuring agreements.
Representation of shareholders, management or liquidators appointed by the court, insolvency administrators and insolvency administrators in legal proceedings. #work #legal #law #uae CONSTRUCTION As a leading sector in the UAE, construction is a sector to which we attach great importance to providing our clients with a strong and versatile platform that covers the different legal needs of the construction industry. #legal #Dubai #UAE lawyers on the ground in the UAE give a multifaceted and not exclusively negative image of the market. A global company asked the same questions as the rest of the world, the challenges in the real estate sector are not new as the mass market has never returned to its pre-2008 highs and is experiencing a pre-Covid slowdown, even though a number of flagship Expo related projects continue to create jobs in the country. However, the liquidation of Arabtec, a local and state-owned entrepreneur, is a visible shock in the market and could cause some entrepreneurs less present in the region to question their commitment. However, the fortunes of the legal market do not follow; Saudi Arabia`s Vision 2030, which includes large-scale projects on the UK`s west coast, such as the Red Sea Development Project, Neom and Amaala, has included legal advice from a number of UAE-based legal teams. On the M&A side, a number of opportunities arose for troubled deals – particularly for private equity, which recovered from the Abraaj collapse. Outside of these jurisdictions, the UAE has an Arabic-language civil law system where locally qualified lawyers (subject to UAE citizenship) have exclusive public rights, but often work with those qualified elsewhere in the Arab world; It should be noted that even by the standards of other civil justice systems, onshore courts in the UAE place more importance on writing than oral pleading.
The international momentum for regulation of economic substances, led by the European Union, is being felt in the United Arab Emirates, an internationalized jurisdiction that serves as a hub for companies operating in many of the major emerging markets in the Eastern Hemisphere, and has had as one of its calling cards a free zone system. The most visible of these, DIFC and ADGM (where NMC Health`s structure was based in the wake of the high-profile turmoil within that company) continue to thrive, with recent events prompting some observers to identify a potential growth in professional negligence cases tried before their separate, English-speaking and common law court systems. mainly against accountants. The UAE and the Middle East have always been a fascinating place for the outside world. Some still imagine it as a land of flying carpets and magic lamps, while others know it as a modern and sophisticated country exemplified by the engineering marvel of Burj Khalifa. Doing business in the UAE is a problem that. Despite Covid-19 and the tragic events in Lebanon, 2020 and early 2021 were diplomatically marked by the UAE`s settlement of two of its major diplomatic disputes. The first is the Abraham Agreement, which normalizes relations between the UAE and Israel. Opportunities abound, with pools of golf capital ready to invest in Israeli startups, with common interests in fintech and cybersecurity. In early 2021, Qatar and other GCC members moved towards reopening borders, air links and trade links, which were closed in 2017. In addition, Sudan`s removal from the US list of “state sponsors of terrorism” could also encourage foreign investment in the country.
Law firms will have different ways of serving this work, but the UAE sees at least some of it in pole position.