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Legal market overview
The continuing volatile political situation in the Middle East has led to protests, increased tension and four changes of government in two years, as well as constitutional reforms, and Jordan’s close proximity to Syria has caused further anxiety. Added to this, the jurisdiction’s highly publicised energy problems in the first half of 2012 have led to a lack of investor confidence and a precarious oil and gas sector. Against this backdrop, there have been fewer large M&A deals and numerous corporate reorganisations. Nonetheless, ongoing oil and gas and renewable energy projects have continued to provide steady work for law firms.
Of the international firms operating in the market, Safwan Moubaydeen Law Firm in association with SNR Denton remains a key player for corporate, commercial matters and projects work, and Sanad Law Group in association with Eversheds KSLG has built a steady reputation. Middle Eastern firm Al Tamimi & Company has a significant presence, and Abdul Karim Al Fauri & Associates ensures a flow of instructions via its relationship with Trowers & Hamlins.