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Legal market overview
Thanks in large part to its oil reserves, the Saudi economy remains the most stable in the region. Infrastructure development continues to be a key driver in job creation; a significant proportion of the Kingdom’s annual development budget is focused on education and healthcare projects, while the ongoing trend towards outbound investment has seen local companies investing in projects around the world. Renewable energy has not taken off in quite the way that was expected, but it remains a key area.
In a significant legal market development, Clifford Chance LLP and Clyde & Co became the first firms in the Kingdom to establish joint Saudi and foreign owned law partnerships.
Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in Association with Baker & McKenzie Limited and Hammad Al-Mehdar & Co in alliance with Simmons & Simmons LLP expanded their regional coverage by opening second offices. Following the merger of Squire Sanders and Patton Boggs, legacy Squire Sanders’ Middle East practice opted to exit from the merged firm and establish a separate regional practice with offices in Lebanon Kuwait and Saudi Arabia, where it is operating as Al-Enezee in Association with EK Partners. Squire Patton Boggs continued its partnership with former Patton Boggs affiliate partner Khalid Al-Thebity and his Riyadh-based firm. The merged firm operates in Saudi Arabia as Khalid Al-Thebity Law Firm In Affiliation With Squire Patton Boggs.
Legal Business: country analysis
Behind the veil – Can Islamic finance live up to the sales pitch?
Islamic finance flourished during the downturn and has
emerged as a significant practice for both Middle East and international firms. How sustainable is the workflow and what lies ahead for the key players?
Click here to read the feature.
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The size and progress of the modern Saudi economy has naturally lead to more advanced legislation. A landmark development was the launch of the "King Abdullah Project to develop the Judiciary" which has rebuilt the Saudi judicial structure. This new Saudi Arbitration Law  which has received the Royal Ascent Last April ("Arbitration Law") is another cornerstone in building regulatory reform. This means that all the constitutional procedures for the Law to be binding and effective with the exception of publication in the local Official Gazette Um Al Qura. The Law will become effective thirty days as of its publication date -and it has not been published yet.
by Jeremy Scott - firstname.lastname@example.org
Schoenherr advised a consortium of owners of Pivovarna Laško, d.d. ("Laško"), Slovenia's leading brewery group, in the sale of their combined holdings of over 51% in Laško to Heineken International B.V., part of the Netherlands-based brewing group. The opening of final offers took place on 13 April 2015, with Heineken offering EUR 25.56 per share in Laško (translating into a total purchase price of approx. EUR 114 million for the 51.11% stake on sale). Following the selection of Heineken as best bidder, the respective share purchase agreement was signed in Ljubljana the same day. read more...
At the beginning of April 2015 Popov & Partners was admitted as a corporate member of the Bulgarian Water Association (BWA) . BWA is the largest organization in Bulgaria that combines all WSS operators, trade companies and business consultants with focus on the management of the water resources and the development of the water-supply services in the country. In international aspect BWA has parnership relations with European Water Association and International Water Association and other international water organizations, whose activity reflects directly over the development of the water sector in global aspect.
Leon Kopecký has joined Schoenherr, a leading full-service law firm in Central and Eastern Europe, as Counsel in March 2015. Mr Kopecký focuses on international commercial and investment arbitration, international litigation, and compliance matters. His clients are international firms in the construction, raw materials, infrastructure, finance, fashion and health care industries. He regularly advises clients on complex investment matters. read more...
HaoLiWen has been recently selected by ALB as the finalist for Regulatory Compliance Law Firm of the Year (2015), a market recognition of the regulatory compliance practice of HaoLiWen, which has a history of around ten years.
Vienna, 16 January 2015. Business law firm Fellner Wratzfeld & Partners (fwp) advises UniCredit Bank Austria AG on the multi-stage structured sale of the real estate portfolio it holds via Immobilien Holding GmbH. read more...
Fellner Wratzfeld & Partner Rechtsanwaelte GmbH (fwp) represents HETA Asset Resolution AG (formerly HYPO Alpe-Adria Bank International AG) in connection with the judicial review proceedings before the Austrian Constitutional Court following the implementation of special Hypo legislation. The Constitutional Court has now rejected all individual applications filed by Austrian and international investors as inadmissible. Read more...
Fellner Wratzfeld & Partners (fwp) successfully provided legal advice to HYPO NOE, the association of mortgage banks of the Austrian Provinces and Pfandbriefbank in connection with financing repayments to be made for specific bond issues, thus ensuring the stability of both Pfandbriefbank and the mortgage banks guaranteeing such repayments.
Baker & Partners, a premier litigation and dispute resolution practice based in Jersey, will hold their next breakfast briefing for Jersey's financial services industry on the topic of dishonest assistance on Thursday 26 th March, 8.30-09.30am, at the Royal Yacht.
Ogier promotes three partners in the Channel Islands- Ogier
Gorodissky & Partners in 2015 again, for the 17th time in a row became No.1 Russia’s firm in patent and trademark prosecution and announced “IP firm of the year”.