Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Chamber conducts share purchase contracts workshop  Join our daily free Newsletter

MENAFN - Khaleej Times - 04/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The dubai chamber of commerce and industry highlighted practicalities of share purchase contracts and also provided overview of the competing interests of the buyer and the seller in terms of the warranties and liabilities during a recent workshop

As part of its efforts to acquaint the business community with the legal aspects of doing business in the emirate the dubai chamber in association with dla piper middle east llp organised “practical aspects of share purchase agreement” workshop at the chamber premises recently.


Delegates at the workshop on ‘practical aspects of share purchase agreement’ hosted by the dubai chamber of commerce and industry. — supplied photo


The workshop which was attended by dubai chamber members business representatives lawyers and legal professionals investors business owners and corporate counsels dealt with the topics of understanding the main issues involved in the allocation of risks and liabilities related to the sale and purchase of shares by businesses.


Jehad kazim director legal services dubai chamber stated that while dealing with the sale and purchase of shares it is important that the agreement be properly drafted particularly with respect to the seller’s obligation to sell and the buyer’s obligation to purchase the shares while also considering the risks and liabilities involved in the deal.


She added that with the proper professional guidance buyers and sellers can minimise such risks in a manner that makes them commercially comfortable and safeguards their respective positions. this also goes out to enhance the reputation of the business community while promoting the investor-friendly environment of the emirate. the workshop which was conducted by murad abida partner head of corporate middle east and ghassan y. shuhaibar senior legal consultant dla piper middle east llp discussed main components of share purchase agreements and warranties & limitations on liability.


Murad abida partner head of corporate middle east dla piper middle east llp said: “we are always supporting and advising our clients in accordance with best international commercial and legal practices including putting together for them a full suite of transaction documents that capture the details of the agreed terms between the parties thus ensuring a successful closing of the transaction.”


Ghassan y. shuhaibar senior legal consultant dla piper middle east llp added “the importance of a carefully drafted and well balanced transactional document should not be overlooked as it sets out the primary level of protection for both buyers and sellers in the sale and purchase of shares. in turn a well-drafted share purchase agreement sets out the road map for a transaction and should serve to free the relevant parties of any ambiguity with regard to their respective rights obligations and responsibilities during the life cycle of the sale and purchase.”


— abdulbasit?khaleejtimes.com

 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help