Legal market overview
Regional transactional activity has continued to show signs of recovery, although it remains considerably below pre-crisis highs. Nonetheless, the market remains highly active, particularly in the real estate and construction sector; with a host of new projects and developments set to come online, a growing property investment market, and Dubai’s successful bid for Expo 2020, confidence in the construction sector is expected to rise. As global companies seek to boost sales by tapping into consumer opportunities in the Middle East, trade mark registration has become a far greater focus for stakeholders.
The legal processes in the UAE are complex: Abu Dhabi, Dubai and Ras Al Khaimah all have separate civil court systems. Local firms such as Al Tamimi & Company, Hadef & Partners and Afridi & Angell have rights of audience before the local courts, something which the international firms with a dispute resolution practice in the region do not offer. The Dubai International Financial Centre (DIFC) Judicial Authority provides a common law judicial system within the financial district.
Allen & Overy LLP, Clifford Chance and Clyde & Co LLP have a longstanding presence in the jurisdiction, and an increasing proportion of international firms are using the UAE as a hub to service the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets.
Firms in the spotlight
Al Safar and Partners Advocates and Legal Consultants
Al Safar & Partners advocates & legal consultants was established in 1981 by advocate Mahdi Al Safar and has completed 33 years among the best of UAE’s law firms. The firm provides general legal advice to its clients. In the year 2008 senior advocate Ms Kavitha Panicker, managing partner of the firm, undertook the mission of growing the firm to its current status and the setting up of operational processes for quality management...
Law House Advocates and Legal Consultants
Law House Advocates & Legal Consultants was established in Abu Dhabi in 2007 and is considered today as one of the fastest growing and most progressive law firms in the United Arab Emirates. Our offices are located in Abu Dhabi and Dubai. In addition to our wide network of correspondent offices in the GCC, the Middle East, Europe and the USA, we intend to continue expanding our business in countries where we do not have a presence to enable us to provide our clients with the best and most comprehensive legal advice possible.
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.