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

 


Khaleej Times




  MENA News Headlines
 Sep 22 2014 - Kuwait make strong start at AsiadArab Times
(MENAFN - Arab Times)  KUWAIT CITY Sept 20 (Agencies): Kuwaiti national teams for volleyball handball and basketball had a powerful start at the 17th Asian Games which officially started two ...

 Sep 22 2014 - West Ham 'inflict' fresh EPL misery on LiverpoolArab Times
(MENAFN - Arab Times) LONDON Sept 20 (AFP): Liverpool suffered a second successive Premier League defeat after losing 3-1 away to West Ham on Saturday. Brendan Rodgers's side had lost 1-0 at home to ...

 Sep 22 2014 - Ronaldo Bale combine for 5 in 8-2 routArab Times
(MENAFN - Arab Times) MADRID Sept 20 (AFP): Cristiano Ronaldo scored a hat-trick as Real Madrid equalled their biggest ever away win in La Liga with a 8-2 thrashing of Deportivo la Coruna on ...

 Sep 22 2014 - N.Korean lifter breaks recordArab Times
(MENAFN - Arab Times) INCHEON South Korea Sept 20 (Agencies): Hosts South Korea were the Asian Games' surprise first-day medal leaders on Saturday but they had to share the limelight with China and ...

 Sep 22 2014 - 'Enjoying the return to music'Arab Times
(MENAFN - Arab Times) NEW YORK Sept 20 (AFP): Releasing a new album near his 80th birthday Leonard Cohen cheekily addresses his age in the very first song intoning 'It's not because I'm old ... I ...

 Sep 22 2014 - QFC Authority Seeks Public View on Rule ChangesQatar News Agency
(MENAFN - QNA) Qatar Financial Centre (QFC) Regulatory Authority has released a consultation paper seeking public comment on proposed rule changes that amend the approved individuals regime (AI ...

 Sep 22 2014 - $88.5 Million Grant from Qatar for 'Recovery, Reconstruction' in DarfurQatar News Agency
(MENAFN - QNA) Qatar signed Monday an agreement at the Permanent Mission of the State of Qatar to the United Nations, to provide a grant of $88.5 million to the United Nations multi-partner trust ...

 Sep 22 2014 - HE the Premier Meets US AmbassadorQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met on Monday morning with HE Ambassador of the United States of America to Qatar Dana ...

 Sep 22 2014 - Kyrgyzstan Parliament Speaker Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Kyrgyzstan Parliament Speaker Asylbek Jeenbekov met Monday with Qatari Ambassador to Kyrgyzstan Mohammed Arar Omeer Alramazani Al-Nuaimi. They discussed bilateral relations and the ...

 Sep 22 2014 - CMU Qatar Opens 11th Year With Record 427 StudentsQatar News Agency
(MENAFN - QNA) Carnegie Mellon University in Qatar welcomed 112 new students for the 2014-2015 academic year, growing from an inaugural class of 41 students in 2004 to 427 students from 40 different ...

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

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