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Afridi & Angell

JUMEIRAH EMIRATES TOWERS, OFFICE TOWER, LEVEL 35, SHEIKH ZAYED ROAD, PO BOX 9371, DUBAI, UNITED ARAB EMIRATES
Tel:
Work +971 4 330 3900
Email:
Web:
www.afridi-angell.com
Abu Dhabi, Dubai, Sharjah

United Arab Emirates

Banking and finance
Banking and finance - ranked: tier 3

Afridi & Angell

At Afridi & Angell, ‘the partners understand the local terrain and lend their opinion on the potential implications in the less transparent areas of the law’. Senior consultant Amjad Ali Khan is ‘an authority on banking and finance’ – he and Stuart Walker advised Emirates on the sale and leaseback of five flight simulators. Bashir Ahmed is ‘a highly experienced and seasoned professional’ – he advised Damas Real Estate on a restructuring of existing loans. Masood Afridi heads the project finance side of the practice. Also recommended are Charles Laubach, who is noted for his trade finance expertise, and senior associate Vivek Agrawalla.

Leading individuals

Amjad Ali Khan - Afridi & Angell

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Afridi & Angell

Afridi & Angell, which handles M&A deals and local corporate and commercial work, ‘provides excellent service from commercially astute and experienced lawyers’. Bashir Ahmed is advising Amazon on regulatory matters regarding its product range in the UAE. James Bowden, who is ‘practical and knowledgeable’, advised Yoox Net-A-Porter Group on a joint venture with Symphony Investments, using a DIFC trust structure. Shahram Safai and senior consultant Amjad Ali Khan are also key contacts.

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Employment
Employment - ranked: tier 3

Afridi & Angell

Afridi & Angell represents employers and employees in a range of contentious and non-contentious matters. Stuart Walker advises a private client in a case regarding employment status before the Dubai courts, while Charles Laubach handles advisory matters and DIFC employment litigation. Bashir Ahmed advises BGRS on legal issues regarding its employees in the Dubai Multi Commodities Centre.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 4

Afridi & Angell

In addition to its experience handling project financing and district cooling matters, Afridi & Angell is noted for its particular strength in energy matters related to Pakistan. Masood Afridi advised Hawa Holding on the development of a 50MW wind project in the Jhimpir wind corridor.

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Islamic finance
Islamic finance - ranked: tier 3

Afridi & Angell

Afridi & Angell acts for a number of Islamic banks and ‘places an emphasis on long-term objectives and building lasting client relationships’. In addition to his workload involving wakalas and sukuks, Bashir Ahmed advised Ajman Bank on a $250m facility provided by a syndicate of other banks through a commodity murabaha. Other clients include Al Hilal Bank and Noor Bank. Rahat Dar is a senior associate of note.

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Real estate
Real estate - ranked: tier 2

Afridi & Angell

Afridi & Angell has a track record advising local and international investors on projects in the UAE. Shahram Safai advised China Lesso on the AED1bn purchase of a plot of land for the construction of a shopping centre. Other highlights concern leasing and real estate funds.

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Shipping
Shipping - ranked: tier 4

Afridi & Angell

At Afridi & Angell, Bashir Ahmed acts for a number of shipowners, and handles vessel arrests, superyacht transactions and limitation fund matters.

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United Arab Emirates: Dispute resolution

Arbitration and international litigation
Dispute resolution: arbitration and international litigation - ranked: tier 3

Afridi & Angell

Afridi & Angell has ‘a small but very knowledgeable arbitration team’, which ‘provides good advice and guidance in managing clients’ legal issues’. Haider Afridi handles matters ranging from debt recovery, commercial covering both arbitration and expert determination as well as DIFC and cross-border litigation. Counsel Chatura Randeniyaprovides strong common-sense guidance and exhibits broad local knowledge’.

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Further information on Afridi & Angell

Please choose from this list to view details of what we say about Afridi & Angell in other jurisdictions.

United Arab Emirates

Offices in Dubai, Abu Dhabi, and Sharjah

Legal Developments by:
Afridi & Angell

  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
    - Afridi & Angell

Legal Developments in United Arab Emirates

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Get 100% Foreign Ownership Today in Dubai

    Freezones have always been the topic of discussion in the U.A.E. Amongst the various benefits, 100% foreign ownership is one of the advantages which is enjoyed the most by investors in these freezone companies. In the below article, our Company Setup Specialist, Neelesh Pillai talks about everything that you need to know about setting up a Freezone branch in Mainland.
  • Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

    Before the approval of the UAE Federal Decree Law No. 9 of 2016 (the “Bankruptcy Law”) by the UAE Cabinet on 4 September 2016, the bankruptcy proceedings were regulated under the Commercial Code and were limited to court-driven proceeding addressed to liquidate companies rather than assist in restructuring their debts. This new law puts some light on the regulation on how companies should deal with their financial issues. In below article, our Associate from the Dispute Resolution department, Ahmed Salih talks about the bankruptcy proceedings and the preventive measures in the UAE. With over 10 years of experience in the UAE and Sudan , Litigator Ahmed Salih specializes in Commercial Law, Corporate Law, Civil Claims, Labour Disputes, Shari'a Law, personal status cases, Real Estate Claims, and Bankruptcy.
  • Time-bars, time limits and deadlines for legal cases under UAE law

    Under UAE civil law – like in other civil law systems – not all time-bars are mentioned and dealt with in one particular statue. Our Partner, Alessandro Tricoli , and Senior Associate, Shehab Mamdouh explains the different time bars, time limits and deadlines for legal cases under UAE law.
  • Seven Things to Know About Filing a Bankruptcy Petition in the UAE

    The absence of a legal framework for bankruptcy has long been a hindrance to UAE business. In the absence of proper bankruptcy laws, even a bounced cheque could land an entrepreneur in jail. The implementation of the relatively new bankruptcy law in the UAE is a huge step forward in improving the country’s economic and regulatory environment.
  • UAE Shipping Companies Seek VAT Exemption

    The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals.
  • Digital Directions

    Digital assets are the foundation of the new economy, and the developments of it continue to hit the headlines regularly. Our Partner & Head of Commercial & Technology, Irina Heaver explains different regulations depending on the nature of the specific assets.  This article was also published in LexisNexis - Middle East. 
  • All You Need to Know About Debt Recovery Procedures in the UAE

    According to the 2018 Global Ranking on Debt Collection, UAE is one of the most challenging places in the world for recovering the debt. With this in mind, keeping an eye on your cash-flow and expenditures are more vital than ever! Fichte & Co.’s dedicated Corporate and Litigation teams provide specialized commercial advice both for creditors and debtors and offer a tailor-made solution, including methods of recovery involving both judicial and quasi-judicial proceedings. Our debt recovery services minimize the time and expenditure involved in the pursuit of defaulting companies or individuals by applying a “No Cure – No Pay” policy. In the below article, our Associate & Litigator, Moaz Mustafa explains the debt recovery process, the court procedures and the time limitation in the UAE.
  • Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board

    It is usual for construction and infrastructure projects in the UAE to be procured under FIDIC-based construction contracts, with varying degrees of amendment. Although FIDIC- Fédération Internationale Des Ingénieurs-Conseils (International Federation of Consulting Engineers) contracts are generic and internationally recognized standard form construction contracts, they require amendment for use in the UAE market. In the below article, our Litigator, Mahmoud Ahmed talks about few terms & conditions of this most popular and widely used FIDIC contract.