A landmark in the Saudi Arabia’s legislative history, the new Law will have a significant impact on contractual relationships and obligations in the Kingdom. Hourani & Partners offers commentary on the main principles of the Law. The (the Law) was enacted in the Kingdom of Saudi Arabia on June 18, 2023. The Law is…
Hourani & Partners advised Delivery Hero on the acquisition of the outstanding minority shareholdings representing 37% in HungerStation Holding Limited, the sole shareholder of HungerStation Company Limited in the Kingdom of Saudi Arabia. Delivery Hero is one of the world’s leading online food ordering and food delivery companies with presence in over 70 countries…
Wills as succession planning tools Ensuring sustainability and effective succession planning at the Family level can be achieved for many UAE residents with the relatively straightforward act of having a valid will in place. It is key to note that in the UAE, for a will to take legal effect, it must be registered with…
The following points are critical to the professional advisory community. The FA Regulations consolidate applications for Single-Family Offices (SFO) and multi-family offices within a single category known as the ‘Family Office’. The primary qualifying requirement is for shareholders of the Family Office to demonstrate a net global aggregate asset base of at least $50m (previously,…
