Quotes: 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

 


Khaleej Times




  MENA News Headlines
 May 29 2016 - Turkey- Erdogan slams US 'support' for Syrian Kurdish groupsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) President Recep Tayyip Erdogan condemned on Saturday what he called the United States’ “support” for Syrian Kurdish groups the PYD and YPG. ...

 May 29 2016 - Iraq anti-Daesh operation leaves civilians trappedThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Civilians who have fled Fallujah in recent days said they were exposed to random shelling by the Iraqi air forces as they left the city. Following a harsh ...

 May 29 2016 - 40,000 Syrian families flee Daesh attacks on AleppoThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Daesh terrorist group’s attacks on Aleppo’s Azaz district have forced 40,000 families to flee their homes, a humanitarian relief official ...

 May 29 2016 - Turkey- UNHCR worried about 165,000 displaced near Syrian townThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The UNHCR on Saturday expressed acute concern about nearly 165,000 displaced persons massing near a town in northern Syria. In a written statement, the UN's ...

 May 29 2016 - Mavi Marmara victims commemorated in TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) About 200 people gathered Sunday outside Israel’s embassy in Turkey's capital to mark the sixth anniversary of the deadly attack on the Gaza-bound Mavi ...

 May 29 2016 - Artillery, air operations 'kill 40 Daesh' in SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish military sources on Sunday said a total of 40 Daesh terrorists were killed in northern Syria during an operation by the Turkish Armed Forces and the ...

 May 29 2016 - Hundreds attend funeral of Palestinian killed by IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hundreds of Palestinians on Saturday attended the funeral of a youth who was controversially killed by an Israeli soldier two months ago. Large crowds ...

 May 29 2016 - UN: Syrian regime blocked 60 pct of aid convoys in MayThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Syrian regime has allowed only 14 out of 35 UN aid convoys in May, a senior UN official said. “Deliberate interference and restrictions by the ...

 May 29 2016 - UN: 700 migrants feared dead in Mediterranean shipwrecksSaudi Press Agency
(MENAFN - Saudi Press Agency) POZZALLO, Italy, Sha'ban 22, 1437, May 29, 2016, SPA -- The UN refugee agency said over 700 migrants are feared dead in three Mediterranean Sea shipwrecks south of ...

 May 29 2016 - Saudi- Jordanian monarch dissolves parliament, names new premierSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Sha'ban 22, 1437, May 29, 2016, SPA -- Jordanian King Abdullah II dissolved parliament on Sunday, dpa reported. A royal decree, carried by state television, ...

more...


 





Google

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help