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Overview
The requirement that foreign law firms operate in alliance with a local Saudi firm led to a number of key developments for the market in 2010. January saw White & Case LLP split from its longstanding alliance with Mohammed Al-Sheikh’s local practice and Al-Sheikh quickly formed an association with Latham & Watkins LLP. With Saudi Aramco such an important client for White & Case LLP, both locally and internationally, in November the firm announced a tie-up with Waleed N Al-Nuwaiser, who split from his association with Gide Loyrette Nouel following that firm’s exit from the Middle East. In other market developments, the alliance of Freshfields Bruckhaus Deringer LLP in association with the Law Firm of Salah Al-Hejailan was formalised.
Search News and Articles
Press releases
Legal Developments in Saudi Arabia
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Saudi Arabia's Competition Law
1. SUMMARY
Press Releases worldwide
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Carey Olsen is confident about the future of Guernsey's QROPS industry
Carey Olsen is playing a significant role in assisting Guernsey's pensions industry to respond to the proposed changes from Her Majesty´s Revenue and Customs (HMRC) to Qualifying Recognised Overseas Pension Schemes (QROPS) and is confident that Guernsey will continue to be an attractive jurisdiction for the establishment of QROPS. -
Mr Yiango George Yiangoullis has left our team
Mr Yiango George Yiangoullis has recently left our team to pursue a position with the Permanent Mission of the Republic of Cyprus to Geneva as an Attaché dealing with matters of Intellectual Property Law at WIPO (World Intellectual Property Organization). We wish him the best with his new appointment. -
STADA acquires generics business of Spirig
On January 31, 2012, STADA Arzneimittel AG, a German pharmaceutical company listed on the Frankfurt stock exchange, with headquarters in Bad Vilbel, successfully closed the acquisition of the generics business that has previously been spun off of the Swiss based Spirig Pharma AG. The purchase price amounts to approximately CHF 97 million. -
Edyta Jusiel new partner at the law firm FKA Furtek Komosa Aleksandrowicz
The partners of FKA Furtek Komosa Aleksandrowicz are delighted to announce that they have taken on a new partner Edyta Jusiel -
Overseas implications of the UK Bribery Act
The UK Bribery Act 2010, which came into force last year, impacts on both individuals and companies based overseas, prosecuting for acts of bribery which have taken place outside, as well as within, the UK. Scott Simmons, Associate at Hassans, will be speaking at seminars to be held in March on the implications of the Act and its reach beyond UK borders to the rest of the world.- Hassans -
WOLF THEISS ADVISES U.S. GIANT UNITED STATES STEEL CORPORATION ON THE SALE OF ITS ENTIRE SERBIAN OPE
Belgrade, 2 February 2012 – WOLF THEISS advised United States Steel Corporation, a major US listed company (NYSE: X), on the sale of its entire Serbian steel-making operations to the Government of the Republic of Serbia. -
arbitration.pl – a comprehensive source of information on arbitration
Law firm Łaszczuk & Partners have launched an English language web portal devoted to arbitration. arbitration.pl is a comprehensive information source on arbitration available at a single Internet address, with special focus on Poland. The website features English abstracts of more than 140 rulings of Polish Supreme Court, regional and provincial courts as well as full texts in Polish. The continuously expanded database contains also a unique collection of rulings issued before WWII as well as rulings of the Court of Justice of the European Communities. -
AstapovLawyers adviced Grunenthal pharmaceutical company
AstapovLawyers has advised Grunenthal GmbH, a major European producer of pharmaceuticals, in the acquisition of Grunenthal by STADA AG. Total deal value of the parties involved amounted around the EUR152 mln. -
Setterwalls adviser in the divestment of BioNordika
Advised the seller in its divestment of the BioNordika Group with subsidiaries in Denmark, Estonia, Finland, Norway and Swden to Addtech Life Science.The transaction was closed on 26 January 2012. -
Mourant Ozannes advises on significant Nordic private equity fund
Leading offshore law firm Mourant Ozannes has advised on the establishment of a new private equity fund focusing on Nordic business investments.