In this issue, we unpack the critical developments and strategic insights that are shaping the landscape of private wealth management and family office planning across the globe. From significant tax reforms in the UK to transformative legal frameworks in the GCC, our expert analysis provides you with the knowledge to navigate these complex changes. Join…
On 15 May 2024, the General Assembly of the Dubai Court of Cassation issued Decision No. 9 of 2024 regarding the rules of debtor detention. This decision aims to establish clearer guidelines and protections for debtors facing financial difficulties, ensuring that imprisonment is a last resort and only used under specific conditions. Under this decision,…
Hourani & Partners has advised Shahini Group on the sale of its logistics business (Etmam) to Almarai for SAR 182m. Almarai is one of the world’s largest vertically integrated dairy companies and one of the region’s largest food and beverage manufacturing and distribution companies with a market value of over $15bn. Established in 1950,…
Hourani & Partners participated at the 5th IVS Industrial Valve Summit in Bergamo, Italy as a partner sponsor and exhibitor. As one of the largest global gatherings for valves and flow control companies in the oil and gas sector, the 3-day event gathered nearly 18,000 visitors from 69 countries and featured 325 exhibitors. Edoardo…
Hourani & Partners advised United International Transportation Co. (Budget Saudi) with respect to its obtaining the Capital Market Authority’s (CMA) approval to increase Budget Saudi’s capital from SAR 711,666,680 to SAR 781,666,680 by issuing SAR 7m ordinary shares to acquire all shares of Al-Jazira Equipment Company Limited (AutoWorld), through its subsidiary Aljozoor Alrasekha Trucking Co…
The United Arab Emirates (UAE) has achieved a significant milestone in its journey towards financial integrity. On February 23, 2024, the Financial Action Task Force (FATF), a global task force dedicated to combatting money laundering and terrorist financing, removed the UAE from its “Jurisdictions under Increased Monitoring” list, commonly known as the “grey list”. …
The recent wave of mergers and acquisitions in the Middle East, prompted by increased investment in the region, have compelled a significant evolution of antitrust and competition laws in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). Both countries have adopted both a proactive and reactive approach to merger control and…
Managing Partner, Chadi Hourani has been listed in the prestigious Legal 500’s 2024 Private Practice Powerlist: M&A – Middle East. This Powerlist showcases the top M&A practitioners in the region, regarded as the gold standard by legal directories, attorneys and businesses. With over 20 years of M&A experience, Chadi has been recognized by some…
Hourani & Partners received a total of 11 rankings in the Legal500 EMEA 2024 rankings list. As a leading commercial law firm in the Middle East, Hourani was again ranked for its Commercial, Corporate and M&A practices in both the UAE and KSA. In addition, the firm was ranked for its KSA Capital Markets and…
As a part of its commitment to community, Hourani & Partners proudly upheld its annual tradition of serving and uplifting the community by preparing and distributing Iftar meals for worshippers at the Al Wasl Mosque in the sacred month of Ramadan. Over 30 members of the Hourani team worked in unison throughout the day…
Hourani & Partners’ latest rankings in the Chambers and Partners Global Guide 2024 mark a significant milestone for the firm with stellar individual and collective recognitions. For the 16th consecutive year, Hourani has secured a prominent ranking in the Corporate, Commercial & M&A category in KSA, underscoring its position as the leading independent commercial law…
The Saudi Arabian General Authority for Competition (GAC) has most recently released its annual report for 2022 (the Annual Report), shedding light on the enforcement actions taken against violators of the Competition Law (Royal Decree No. M75/1440 and its Implementing Regulations (issued by the Board of Directors of the GAC on 24/09/2019, as amended from…