Obeid & Medawar Law Firm LLP > Beirut, Lebanon > Firm Profile

Obeid & Medawar Law Firm LLP
Charles Malek Avenue, Quantum Tower
3rd floor, Ashrafieh,
Beirut
Lebanon

Lebanon > Commercial, corporate and M&A Tier 2

Obeid & Medawar Law Firm LLP fields a team with expertise in a broad range of matters, including corporate structuring, day-to-day corporate matters, restructurings and investment work. With the opening of offices in Abu Dhabi, Dubai and Riyadh, the Beirut-based firm is increasingly active in cross-border M&A, private equity and leveraged buyout transactions. Amer F. Obeidbrings an unparalleled depth of experience and expertise‘ and divides his time between the UAE and Lebanon offices. Rachad Medawar is a key practitioner in the private equity space. Zeina Azzi advises high-net-worth clients on investments and restructuring matters.

Practice head(s):

Amer Obeid; Rachad Medawar

Other key lawyers:

Testimonials

‘What makes the team exceptional is that they are solution providers. They guide you through each and every single detail and do not leave a stone unturned. Their presence across several jurisdictions and their professional connections gives them a competitive edge.’

‘Amer Obeid stands out due to his exceptional qualities and unique attributes that set them apart from competitors in the legal field. He brings an unparalleled depth of experience and expertise to his respective practice areas. He is known for his innovative problem-solving skills, consistently achieving outstanding results for his clients.’

‘Zeina Azzi is not just a lawyer; she is a trusted advocate, a pillar of integrity, and a beacon of hope for those seeking legal guidance. Zeina’s passion is contagious, and her presence in the legal field is a testament to the positive impact one person can have on the pursuit of fairness and equity.’

Key clients

Abu Dhabi Sports Council

Dhaher Bin Dhaher Al Mheiri (ADGM)

Body Tree Studio

Chalhoub Group

Delta Konsult

Rotana Hotel Management Corporation

Star Club

Greenfield Services

Shukur Holding Limited

Batco Group

Balkis SAL

Beyond your limits events LLC

BWR International LLC

Chalhoub Group

Chez Sami SAL Holding

Clap Milano SA (Italy)

Clinique du Levant SAL

Em Sherif SAL

Eurofore SAL

Garlidoux SAL

General TV Production FZ LLC

Global Blue SAL

Gulftainer SAL

INEVERT GLOBAL LTD

Inventis Corporation Offshore SAL

Infiouest LLC

Jordan Company for Lottery Development and Management

MCT FZE

M Group SAL

Maram Foundation (Lie.)

Maria Group SAL

Megastores of Lebanon SAL – Virgin Megastores

Middle East Venture Partners or MEVP

The Impact Fund by MEVP

Total Care Lebanon SAL

Zaarour Club SAL

Work highlights

  • Acting as lead counsel in a multi-billion euro matter concerning a concession agreement for the organization of the Cadastral Registrar in Senegal.
  • Advising an Emirati businessman on the restructuring of several businesses.
  • Advised a food and beverage sector client and its major shareholders on the acquisition of 35.1% of the company’s share capital, valued at $39,100,000, by a investment fund in Abu Dhabi.

Lebanon > Dispute resolution Tier 2

At Obeid & Medawar Law Firm LLP, Amer Obeid stands out for his 'unparalleled depth of experience and expertise' in the disputes arena, and has a solid track record in handling banking and commercial litigation. Obeid co-heads the practice with Rachad Medawar, 'an exceptional lawyer with formidable legal acumen' who specialises in advising on tax disputes and international arbitration mandates under ICC, LCIA, and UNCITRAL rules.

Practice head(s):

Amer Obeid; Rachad Medawar

Testimonials

‘This law firm distinguishes itself through its unwavering commitment to client satisfaction, evident in its impressive strengths and capabilities. The firm boasts a diverse roster of legal professionals with extensive experience in various fields of law.’

‘Amer Obeid stands out due to his exceptional qualities and unique attributes. He brings an unparalleled depth of experience and expertise to his respective practice areas. He is known for his innovative problem-solving skills, consistently achieving outstanding results for his clients.’

‘Rachad Medawar is an exceptional lawyer, known for his rapid response time and his formidable legal acumen when it comes to devising effective solutions.’

‘O&M stands out for its unique combination of deep expertise in diverse practice areas, a client-centric approach, and a commitment to innovation.’

Key clients

Aumet LTD

Bai Minguo

Cayesh

Emaar PJSC

Shorooq Partners Tarek Bilani

Moonwalk systems

Adir Insurance and Reinsurance SAL

AEM Holding SAL

Al Mawarid Bank SAL

Assurex SAL

Batco Group

Beyond your limits events LLC

Beyond your luck Offshore SAL

Byblos Bank SAL

Chez Sami SAL Holding

Clinique du Levant SAL

Council for Development and Reconstruction

Crown Services SAL

Crystal Mountain SAL

Cumberland Insurance and Reinsurance SAL

Dani Chaccour

Edenred SAL

Em Sherif SAL

Em Sherif Cafe SAL

Em Sherif By the Sea SAL

Eurofore SAL

Global Blue SAL

Gulftainer SAL

Inventis Services SAL

Lycee D’orient

Megastores of Lebanon SAL – Virgin Megastores

Menzies Middle East and Africa Offshore SAL

PBM SAL

Rachid Rahme

Rotana Hotels Management Corporation

Sauce Capital Investments SPV LTD

Seaiby Exchange House SCSL

Zaarour Club SAL

Work highlights

  • Represented the Lebanese Council for Development and Reconstruction before the administrative courts in Lebanon in a contractual dispute brought against the client by a private administrator.
  • Represented SGR SAL in arbitration proceedings before the DIAC.
  • Acting for a client in a dispute concerning a share purchase agreement.

Initially founded in 2007 in Beirut City – Lebanon By Amer F. Obeid and Rachad A. Medawar, Obeid & Medawar Law Firm is a dynamic practice with a regional presence.

Obeid & Medawar is an acclaimed law firm with in depth expertise in the various disciplines of the legal profession.

The firm distinguishes itself with its steadfast commitment to excellence and forward thinking, which enabled its successful regional expansion.

Through its pledge to serve its regional and international clientele with the utmost professionalism and high ethics, Obeid & Medawar has become one of the most solicited regional law firms in the many key areas of the law profession.

The firm’s growing portfolio of regional and international clientele and the established trust with its clients have supported its regional expansion. Obeid & Medawar is currently present in Beirut, Abu Dhabi, and Dubai.

Department Name Email Telephone
Managing Partner Amer Obeid aobeid@omlfirm.com 009613499994
Managing Partner Rachad Medawar rmedawar@omlfirm.com 009613787176
Senior Associate Zeina Azzi z.azzi@omlfirm.com 0096171616661
Photo Name Position Profile
Yasmina Al Amm photo Yasmina Al Amm Associate
Zeina Azzi photo Me Zeina Azzi Partner
Talal Fares photo Talal Fares Associate
Robert Keyrouz photo Robert Keyrouz Associate
Rachad Medawar photo Rachad Medawar Managing Partner
Fouad Obeid photo Fouad Obeid Senior Associate
Arabic
English
French

CLIENT: Jamal Salim Jarrah
COMPANY/FIRM: Former Minister of Telecommunications
TESTIMONIAL: As former minister of telecommunications, I Had the chance to work with Obeid&Medawar Law Firm on many projects related to the restructuring of the telecom sector in Lebanon. The team, led by Me. Amer Obeid, wiped out the complexity of this task and delivered a ready to implement project.

Mr. Amer Obeid has a great legal mind, and excellent work ethics that he delivered to his team.

He is diligent in his work and pays attention to the details that will serve the purpose of his clients.

He is tireless and he is not afraid to think outside the box.


CLIENT: Jihad B. Azour
COMPANY/FIRM: Former minister of finance
TESTIMONIAL: During my tenure at the Ministry of Finance, I worked with O&M firm on numerous legal/regulatory Issues. In addition to their deep technical expertise, they displayed creativity in problem-solving. Their ability to draw reasonable conclusions for complex Issues and their Insightful knowledge of International financial laws were essential in drafting legislations, negotiating with various private sector stakeholders.

Composed by a team of highly competent lawyers led by Mr. Amer Obeid, persuasive and able to work on complex cases, they exhibited strong ability in research and analytics. They were able to display effective critical thinking and anticipated potential areas of weakness.


CLIENT: Sami Haddad – Chairman
COMPANY/FIRM: Inventis
TESTIMONIAL: Obeid&Medawar has been the exclusive legal Counsel of Inventis Corporation for the past five years, handling all our domestic and international operations. This includes advising us on relatively simple matters such as contracts with Lebanese parties, including HR Issues, to much more sensitive legal documentation pertaining to our contractual relationships with foreign governments.

Obeid&Medawar Lawyers have been very diligent and professional in their Interaction with my colleagues and myself, and we have greatly benefited from their legal advice. Their judgement is sound and we very much appreciate their thoroughness.


CLIENT: Elie Chamoun – Senior Partner
COMPANY/FIRM: Abou Hamad, Merheb, Chamoun, Chedid Law Firm
TESTIMONIAL: It gives me particular pleasure to recommend Obeid&Medawar, on the background of my acquaintance with its managing partner Mr. Amer Obeid whom I met during tough negotiations on a complicated transaction. Mr. Obeid was leading the team defending the other party’s interests.

I could not but acknowledge the multiple skills of Mr. Obeid: competent, organized, efficient, and self-confident, with very good communication skills.

I was impressed by the good organization of his firm, which set in place a well selected team with interchangeable members always aware of their tasks and able to complete them in a proper and timely manner.


CLIENT: Sarkis Azour – General Manager
COMPANY/FIRM: Lavajet SAL
TESTIMONIAL: With sophisticated legal needs, O&M was the firm to go to due to its solid know-how in all legal areas.

Me. Amer Obeid’s extraordinary negotiation skills guarantee the most beneficial outcomes. A talented player in the dispute resolution area, he seizes every opportunity to close victorious deals. He never misses a goal. On the corporate level, he is by far the best closer and deal maker in town.

We also worked with Me. Zeina Azzi, a smart and sharp person with an assertive personality who despite her young age has an outstanding ability to provide reliable advice and on-point consultancies.


CLIENT: Walid Hanna – Chief Executive Officer
COMPANY/FIRM: MEVP – Middle East Venture Partner
TESTIMONIAL: We, at MEVP, are glad to have been introduced to Obeid&Medawar law firm in our search for a law firm to advise us with regards to our venture capital transactions and other legal matters. The firm was recommended by many other companies in the investment field because of its professionalism and the unique quality of services.

Throughout the years, they were always a very valuable external resource. The team was led by Me. Rachad Medawar, a diligent, assertive, and compassionate lawyer who is capable of simplifying all complex situations for his clients and finding the perfect solution to their problems.


CLIENT: Karim Ben Cheikh – Consul General De France
COMPANY/FIRM: Consulat General De France A Beyrouth
TESTIMONIAL: Le Consulat General de France A Beyrouth atteste que Me Amer Obeid, principal Associé du Cabinet Obeid&Medawar, est bien l’avocat Conseil du poste depuis l’année 2018.

L’avis Juridique de Maitre Obeid est ainsi, régulièrement sollicité par les du Consulat G6n6ral de France à Beyrouth, notamment pour aider à l’établissement de la liste de notoriété du poste ou dans d à affaires pouvant impliquer des Français en difficulté.

Maitre Obeid a toujours répondu de façon professionnelle et immédiate aux sollicitations du Consulat General de Franca à Beyrouth, alors mime qu’II effectue cette mission d’avocat Conseil à titre gracieux.


CLIENT: Antoine Maalouf
COMPANY/FIRM: Clinique Du Levant
TESTIMONIAL: Dans le cadre d’installation de l’IRCAD dans mon établissement, j’ai pu mesurer avec objectivité I‘expertise de Obeid&Medawar.

Toutes les conventions de fonctionnement et d’organisation logistique ont été disséquées à la loupe par ce cabinet, ce qui a même suscité l’admiration de mes interlocuteurs français,

Quant au maitre Obeid, j’ai pu apprécier sa disponibilité et son expertise ce qui a fait de lui un atout majeur dans la finalisation positive de mes connexions avec la France.

Et au-delà de la technicité, sa culture générale ainsi que sa maitrise totale linguistique, a donné une touche humaine extrêmement appréciée dans cette démarche professionnelle.


CLIENT: Pierre Bou Jaber
COMPANY/FIRM: RMB Group UAE
TESTIMONIAL: I witness and applaud O&M for their proficiencies, expertise, team-up associates, Professionalism, and Clients’ concerns and interests’ synchronization avoiding compromising the Clients’ Interests. O&M achieved a mutual goal sought by RMB and O&M: One the O&M state of the art deliverables and Two to arm the Client’s top executives with the utmost documented legal counselling and most precious instrument of decision making above all.

Thank you, O&M, for landing us safely in this part of the world as we have been for some time carrying out legal counselling with law firms, where less passion, commitment and devotion are at play


CLIENT: Rizk El Khoury – Chairman
COMPANY/FIRM: Cumberland
TESTIMONIAL: I have worked with Obeid&Medawar for twenty plus years and have leaned on Mr. Medawar and his firm for legal advice and strategic guidance as well as litigation. The experience and knowledge Rachad provides gives me a sense of peace and confidence that a true professional is standing shoulder to shoulder with me and protecting the Company and all the stakeholders. I have joined Rachad whilst representing the Company on various fronts be that in court or when negotiating important contracts and admire his skills, professionalism and the respect he has earned with fellow colleagues.


CLIENT: Alain Bitar – Group CFO
COMPANY/FIRM: Alsharif Group
TESTIMONIAL: In my capacity as group CFO for Al Sharif Holding KSA, I would like to put on record the extreme level of professionalism that we have witnessed from Obeid & Medawar law firm, led by Its managing partner Maître Amer Obeid. The accuracy displayed in problem diagnostic, contract reviews, corporate structure, quick turnaround and most importantly providing the right legal advice when and where required, be it in KSA or overseas operations, is second to none and we at ASG are extremely satisfied with their level of service, commitment, dedication and are proud to have them as our legal partners.


CLIENT: Nadim Daher
COMPANY/FIRM: DAHER & PARTNERS
TESTIMONIAL: We have been working with Obeid&Medawar for years on transactions involving legal and financial structuring where we had complex legal issues easily solved by Obeid&Medawar.

I worked personally with Mr. Obeid and was impressed by his extensive legal knowledge and experience. His large portfolio of clients gave him access to many complex legal cases that he was able to structure and solve with the best outcome for his clients. The smartness of Mr. Obeid and his partner Mr. Medawar together with their high standard of ethics and professionalism make them among the best recognized lawyers in Lebanon and the region.


CLIENT: Georges Maria – Architect – Principal
COMPANY/FIRM: MARIAGROUP architecture and design solutions
TESTIMONIAL: In a case where MARIAGROUP was a minority shareholder in a UK registered company alongside few large players in the fields of property development and real-estate, OMLFIRM’s professionalism and unmatched expertise protected MARIAGROUP’s interests by providing the strategy and legal grounds allowing the negotiation of a successful and cost-effective withdrawal from the company.

We continue to put our full trust in OMLFIRM, under the leadership of its managing partner Mr. Amer Obeid and his dedicated team allowing us to extend our offering and geographical expansion while we focus on our strategy and core business.


CLIENT: Nabil Makari – Managing Partner Retail Alliance s.a.l; Managing Partner NJO holding s.a.l.
COMPANY/FIRM: Grab’n go
TESTIMONIAL: It is my pleasure to recommend the services of Obeid & Medawar Law firm and Mr. Amer Obeid in particular, who Is a name partner and an outstanding attorney at law.

I entrusted Obeid & Medawar with legal assistance and counsel regarding a series of business cases ranging from corporate law, tax advice and legal due diligence.

I worked directly with Me Amer Obeid who Is skilled in making legal cases a stress-free matter to clients.

His high professional and moral standards are a gift which makes working with him a pleasure and something to look forward to.


CLIENT: Toufic Eido
COMPANY/FIRM: Megastores of Lebanon s.a.l. – Country Manager
TESTIMONIAL: We have been working with Obeid and Medawar Law firm for more than 10 years in which they proved to hold the unique skill of providing high quality legal advice while understanding the business needs. Obeid and Medawar law firm team represented “Megastores of Lebanon s.a.l” in a wide variety of legal matters and they have consistently stayed ahead of any changes that might happen. We would highly recommend Obeid and Medawar law firm for their excellent service and practical advocate a modern business requires.


CLIENT: Elie Nammour
COMPANY/FIRM: Edenred
TESTIMONIAL: As our legal advisor, and through their high responsiveness and professionalism, Obeid and Medawar Law Firm managed to secure our company’s best interests in all commercial transactions. Me Rachad Medawar have always provided us with the best advices and the most honest ones.

He has the ability to draw reasonable and logical conclusions and has high analytical skills. He always provides our company with creative and innovative solutions that will serve our objectives.


CLIENT: Joseph Yacoub
COMPANY/FIRM: Global Blue Lebanon SAL – Chairman of the Board & Managing Director
TESTIMONIAL: Me Rachad Medawar’s competence is one of the best I’ve come across in the field. He was very fast in turning around on several items in our work. Communication and responsiveness were beyond my expectations.

The complexity of our work required a fair bit of research and expertise and Me Medawar and his team were able to maneuver us through it with a great deal of care and clarity.

Me Medawar is one of the nicest human beings I’ve met – which makes it very pleasant to do business with him. I would wholeheartedly recommend working with Obeid & Medawar.


CLIENT: Mohammad El Samad – Co-Founder & CEO
COMPANY/FIRM: Matic Services
TESTIMONIAL: The team at OML provided me with excellent service and support across the spectrum of the services and queries ranging from employment, to incorporation, to advisory and implementation. I am grateful that I had OML by my side; they were there to answer any questions along the way. From start to finish, OML was approachable, and made me feel comfortable and well informed about all the Important decisions that need my attention.

Rachad Medawar invested the time to understand what goals could be attained, and worked with me like a partner to make sure that we reached them.


CLIENT: Antoine Amatouri – Chairman
COMPANY/FIRM: Gulftainer Lebanon SAL
TESTIMONIAL: As Port Management & Handing company, we have relied on O&M’s legal services for our most delicate and intricate global transactions. O&M has always provided thorough and dedicated legal advice and consultancies in the many aspects of the Corporate and Commercial Laws. Our relationship with Obeid & Medawar and particularly with the skillful Managing Partner, Me. Rachad Medawar, is one of the most reliable, proficient, and professional. Through continuous communication, innovative approaches, and high work ethics, Obeid & Medawar has succeeded in positioning themselves as one of the most sought-after Law Firms in the MENA region.


CLIENT: Carol El Murr – Chairman & CEO
COMPANY/FIRM: Zaarour Club
TESTIMONIAL: I have known Me Rachad Medawar for the past 4 years.

He is a very knowledgeable and thoughtful advisor who helped us a lot at Zaarour club in establishing the high standards the project has reached today.

He has always been present to solve all our legal challenges with a high professional level.

I also consider him a highly ethical and trustworthy person, and I highly recommend him for any future legal consultation.

Do not hesitate to contact him for any legal matter in the future.


CLIENT: Prof. Fayez Hage Chahine
COMPANY/FIRM: Hage-Chahine Law Firm
TESTIMONIAL: I had the chance to co-counsel ·with Obeid & Medawar on many disputes. The firm is well respected for its professionalism and competence. Moreover, I was very satisfied with the work of the managing partner Me. Rachad Medawar who was one of my law students 27 years ago. Me. Medawar an intelligent, competent and professional lawyer with an extensive knowhow in commercial and civil disputes and is an excellent litigator. The collaboration with him ensures the intellectual and professional security of the case.


CLIENT: Mohammad F. Mattar
COMPANY/FIRM: Senior Partner/Levant Law Practice
TESTIMONIAL: The Firm has been for some time a rising star in the Lebanon in an otherwise difficult and highly competitive business market. Thanks to the solid character, stamina, legal expertise and thoroughness of both Applicants that their Firm has successfully established Itself not only in Lebanon but also in Dubai as hubs for their work in the Mena region and Africa. Both Applicants have manifested, in many exacting cases we worked on together ability to strategist, legal foresight, attention to detail, perseverance and follow up.

I comfortably recommend their application for being meticulous, resourceful, and trust worthy.


CLIENT: Marwan Azzi – Partner
COMPANY/FIRM: White & Case
TESTIMONIAL: Obeid & Medawar law firm is a full service firm that is equally strong in transactional and litigation areas in the jurisdictions it operates in. I often consult with OML on Lebanese law matters and have worked with them on cross border matters for their clients. OML lawyers’ drive, ethics, sophistication and knowledge of the law stand out in the region.

Notably, Amer Obeid is a stellar lawyer who combines a deep knowledge of the law with a solution-oriented approach and is a fierce defender of his clients’ interests. His strategic advice is often widely appreciated.


CLIENT: Antoine Azour – Partner
COMPANY/FIRM: Batco Holding SAL
TESTIMONIAL: Obeid&Medawar represented “FS Batco” in a construction dispute against a sovereign entity whereby the Firm’s outstanding efforts brought us closer to our purposes.

The team was led by Me. Amer Obeid, a far-sighted expert in FIDIC and construction disputes. Me. Obeid makes recommendations combining present-day interests and long-term legal and corporate benefits. He is a highly qualified and straight forward attorney.

Me. Zeina Azzi was also part of the team. She is an enthusiastic lawyer who makes exceptional efforts and has a distinguished personality that helps create structural advantages allowing growth, steadiness, and profitable evolvement of her clients’ businesses.


CLIENT: Labib Nasr – CEO
COMPANY/FIRM: Adonis Insurance and Reinsurance S.A.L (ADIR)
TESTIMONIAL: This letter is a formal recommendation for Me. Amer Obeid,. We are delighted by Me. Obeid’s attitude towards his work and his performance on the job.

Me Obeid has a strong eye for details, and this has served our Companion multiple occasions. He helped us with outstanding insurance consultancy in and out of the courtroom, which we really appreciated. He has succeeded in most of our lawsuits, mainly because he is extremely thorough in his due diligence.

We believe that Me. Obeid will be a valuable member in any organization or association, and we heartily recommend him.


CLIENT: Jean Hliess – Managing Director
COMPANY/FIRM: Assurex Insurance and Reinsurance S.A.L
TESTIMONIAL: Me. Obeid has been dealing with our legal files when I was a Board Member at Adir insurance. I can testify that he gave us full satisfaction all over the years. Now that I am the Managing-Director of Assurex, we retained his his services as the company’s legal counsel. Apart from consultations, Me. Obeid dealt with our claims at courts and was successful in most of the cases. He managed to give us a biannual report about the development of these claims and continues to follow them with scrutiny and exactitude. He is probably the only lawyer to follow this procedure..


CLIENT: Adel Zeidan – Head of Group Legal Support.
COMPANY/FIRM: Byblos Bank
TESTIMONIAL: This is to certify that Me. Amer Obeid has been serving as external Lawyer to Byblos Bank S.A.L. since 2007 and is in charge of handling litigations related to the bank’s non-performing loans.

Me. Obeid has a deep understanding of all aspects of banking and corporate law practices. He is a professional lawyer and well respected in the business community. He has strong interpersonal and analytical skills with a superior judgment and excellent attention to details.


CLIENT: Nabil El Jisr – President
COMPANY/FIRM: COUNCIL FOR DEVELOP1\1ENT & RECONSTRUCTION
TESTIMONIAL: Obeid & Medawar Law Firm has provided legal services to Council for Development and Reconstruction (CDR) for more than thirteen 13 years now.

Obeid & Medawar Law Firm managed to put forward and protect the best interests of the CDR in complicated disputes.

The managing Partner Me. Amer Obeid is evidently a lawyer with experience functioning in the legal professional operating, with exceptional insight and analytic skill to win challenging cases.

Me. Amer Obeid is very articulate on matters of law and an outstanding attorney.


CLIENT: Wissam Abou Ayyash
TESTIMONIAL: After the embezzlement of Bank Al Madina and its bad impact on us, as major shareholders, We the Abou Ayyash Family have retained Obeid&Medawar law fired by Me. Amer Obeid, they have been providing outstanding service over the course of 9 years. They have consistently demonstrated dedication, professionalism, and attention to detail in all aspects of our litigation. Their practices have helped us move forward in a number of areas and achieve results in areas we had been struggling with. I know that we would not have had the successful outcomes we have today had we not assigned them.


CLIENT: Nabil Maad – Founding and Managing Partner of Nabil Maad & Associates
COMPANY/FIRM: Nabil Maad & Associates
TESTIMONIAL: Obeid & Medawar Law Firm is an esteemed local and regional law firm with whom I have worked throughout my years of experience. Managed by Amer F. Obeid. Esq, Obeid and Medawar is a dynamic practice with a high level of expertise covering the various legal disciplines, committed to provide its clients with excellence.

Whether collaborating together or working as opponents, Obeid and Medawar showed a high level of integrity, ethics and professionalism, all the while maintaining an in depth knowledge of the legal field and a firm grasp of the business sector.


CLIENT: Abdo Husseiny
COMPANY/FIRM: Ticketing Box Office
TESTIMONIAL: I am Abdo Housseiny, general manager of Ticketing manager of Ticketing Box Office operating in the Middle East since 2001 covering Lebanon, Jordan and KSA.

I am very pleased to write this testimonial and recommendation letter on behalf of “Obeid & Medawar” law firm.

They have been acting as our legal advisors for over than 10 years, showing high competence and responsibility on all corporate issues.

The whole team lead by Maître Rachad Medawar have been very supportive, efficient and prompt in their replies showing reliability and professionalism care beyond their formal contractual obligations.


CLIENT: Marina Sobreiro – Legal Director for UK, Middle East, Australia, Brazil, Portugal and Other Markets at Ferrovial Construction, SA
COMPANY/FIRM: Legal 500
TESTIMONIAL: Amer Obeid and his law jinn have been most collaborative. Amer is accessible, diligent, hardworking and dependable. His work; on behalf of our joint venture partner, has been very helpful in ensuring that the project moves forward efficiently.


CLIENT: Walid Moussa – World President of FIABCI, the I international Real Estate Federation- 2019-2020
President of the Arabic Chapter of the International Real Estate Federation
President of the Real Estate Syndicate of Lebanon
Chairman of PIM group and PBM
COMPANY/FIRM: Property Management & Brokerage
TESTIMONIAL: I have known Mr. Amer Obeid for over 20 years and hold him as well as his law firm in the highest regard. I can sum up my experience with O&M law firm as: distinguished consultancy, high responsiveness, and unquestionable dedication. As for Mr. Obeid, he Is a man of good faith and character. He has proved to be one of the most qualified attorneys that are passionate about their profession and are willing to pour all their efforts in granting their clients the most successful achievements. I trust and solicit his opinion in all of my legal queries.


CLIENT: Amer F. Mansour
COMPANY/FIRM: AEM Holding SAL
TESTIMONIAL: For more than 13 years, I have been seeking Obeid&Medawar services for my corporate legal matters. However, recently I reached out to them when I was at a point where I had lost hope in a dispute. They handled my complicated legal situation with attention, competency, and understanding. When I explained my case to Me. Amer Obeid I felt heard and hopeful. His amicable, supportive, and professional attitude certainly was a big relief to me during this long battle which I settled outside the court thanks to Me. Obeid and the teams’ tremendous efforts, and proficiency in the legal field.


CLIENT: Slieman Obeid
COMPANY/FIRM: Africardco
TESTIMONIAL: Obeid & Medawar Law Firm represented my company in an arbitration against an African sovereign. From the first administrative recourse, to the arbitration procedure (before the CCJA), until the award’s enforcement and the funding of the enforcement procedure, the team led by Amer Obeid orchestrated this long journey. Through their team and their network of highly qualified correspondences in different jurisdictions, Obeid & Medawar coordinated the enforcement procedure and managed to overcome the sovereign immunity and attach the counterparty’s high value assets (in the USA/France/UK) which brought them immediately to the negotiation table.


CLIENT: Karim Abou Khalil
COMPANY/FIRM: Menzies Middle East & Africa SAL
TESTIMONIAL: Obeid & Medawar represented me and my company in a case against a sovereign entity. After being a victim of violation of human rights, Me. Amer Obeid represented us before the council of Human Rights and defended our rights until justice was served.

Moreover, and always having the best interests of his clients as a goal, Me. Obeid never hesitated to stop me for entering losing battles and encouraged me to settle when my chances in dispute were non-existing.

As a litigator, I can say with a clear conscious that Me. Obeid is second to none.


CLIENT: Dr. Rachid Rahme – Accident & Emergency – University of London
COMPANY/FIRM: Sacre Coeur University Hospital – Chief of Department of Comical Care Medicine.
TESTIMONIAL: After Thirty years abroad, I returned to Lebanon to discover that members of my family misappropriated almost all my properties and chattels. I must reiterate that throughout a large number of lawsuits, I was extremely blessed to have found Obeid and Medawar law firm led by Maître Amer Obeid and assisted by Maître Yasmina Al Amm. They manifested to all concerned a maître of extreme professionalism, understanding, efficiency, profeihcy and political strife that befell upon Lebanon and its legal courts. Working diligently without fatigue, they are Fluent in English, French and Arabic.


CLIENT: Jyad Gabriel El Murr
COMPANY/FIRM: StudioVision
TESTIMONIAL: In the middle of a complex family business dispute, when we almost lost hope in taking back our rights, we reached out to Obeid & Medawar Law Firm.

The team led by Me. Rachad Medawar managed to find a solution which out passed our highest expectations. Me. Medawar is a very professional and skillful lawyer.

He was assisted by Me. Zeina Azzi, a young but very intelligent and accomplished lawyer.


CLIENT: Ziyad Baroud – Former Minister of Interior and Municipalities.
COMPANY/FIRM: Attorney at law, Beirut Bar Association
TESTIMONIAL: During the last decade, I have dealt with the firm on court and arbitration cases, negotiations and contracts.

More particularly, I have collaborated with Me. Rachad Medawar, one of the two partners. On many occasions, I had the opportunity to witness Rachads high ethics, in-depth legal knowledge and multidisciplinary talents.

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The Role of Wealth Management and Strategic Business Structuring and the importance of Re-domiciliation

Change is an inevitable and constant force in our lives, and its impacts are deeply felt in the importance of wealth management and business structuring. In a world where personal and corporate landscapes evolve rapidly, the ability to adapt and strategize becomes crucial.

Life’s journey is unpredictable, often altering personal circumstances, financial goals, and business environments. This dynamic nature requires a flexible approach to wealth management and business structuring. The strategies that worked yesterday may not be effective tomorrow, underscoring the need for continuous evaluation and adjustment.

For individuals, effective wealth management is about much more than just asset accumulation. It involves protecting wealth against market volatility, changing tax landscapes, and personal life changes such as marriage, retirement, or inheritance. A comprehensive wealth management plan looks at the bigger picture, considering factors like estate planning, tax optimization, and investment diversification. This holistic approach ensures that wealth is not just preserved but also positioned for growth, benefiting not only the individuals but also their family and future generations.

In the corporate world, business structuring plays an important role in navigating the complexities of regulatory environments, tax obligations, and market fluctuations. The right structure can provide significant advantages, such as operational efficiency, risk mitigation, and tax benefits. As businesses grow and markets evolve, revisiting and revising corporate structures become essential to maintain these advantages and support continued success.

Integrating the concept of re-domiciliation into this strategic structuring, where needed, adds another layer to the strategic management of wealth and businesses. Re-domiciliation offers a powerful tool for companies seeking to align their operations with more favourable regulatory, tax, and business environments, thereby securing an adaptive edge in the global market. This process, while advantageous, also introduces its own set of considerations, including the legal, financial, and regulatory implications of transferring a company’s domicile. Thus, re-domiciliation becomes a critical element in the broader discussion of maintaining agility and competitive advantage in a rapidly changing world.

 

Advantages of Structuring:

  1. Tax and Estate Planning: Proper structuring can optimize tax liabilities, ensuring that more of one’s wealth is preserved for future generations.
  2. Asset Protection Planning: Safeguard assets from potential creditors or lawsuits, ensuring they remain intact.
  3. Maintenance of Corporate Control: Ensure that the decision-making power remains where it should.
  4. Succession Planning: Ensure a seamless transfer of assets to the next generation under predefined conditions, thereby preserving family wealth for many generations to come.
  5. Overcoming Succession Pitfalls: Navigate through potential succession challenges or legal restrictions.
  6. Asset and Business Consolidation: Bring multiple assets and business ventures under a unified structure.
  7. Platform for Future Investments: Pave the way for future investment opportunities.
  8. Personal and Corporate Asset Segregation: Separate individual assets from corporate holdings, creating a protective shield against potential liabilities.
  9. Liability Segregation: Distinguish the liabilities of parent and subsidiary companies to protect individual owners.
  10. Consolidated Cash Flow: Streamline cash flow processes across corporate entities.
  11. Intra-group Lending/Management: Facilitate efficient lending and management processes within a corporate group.
  12. Account Consolidation: Unify corporate accounts to bolster borrowing capabilities.
  13. Exit Strategy Planning: Prepare for potential exits, ensuring structures are appealing to potential investors.

 

Structuring Across Different Jurisdictions:

The choice of structure largely depends on the jurisdiction and the type of legal entity where the assets are located. Here’s a brief overview:

  1. Common Law Jurisdictions (e.g., US, UK, Canada):
    • Trusts: Often used for estate planning and asset protection..
    • Corporations: Separate legal entities that offer liability protection and can be used for business ventures and holding assets.
    • Limited Liability Companies (LLCs): Provide liability protection and are often used for holding real estate or other tangible assets.
  2. Civil Law Jurisdictions (e.g., France, UAE, Lebanon, Italy):
    • Foundations: Similar to trusts, they are used for estate planning and charitable purposes. Foundations regime exits in Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC).
    • Limited Liability Companies (LLCs)/Corporations: Used for business ventures and can provide liability protection.
  3. Offshore Jurisdictions (e.g., Malta, Cayman Islands, Seychelles):
    • International Business Companies (IBCs): Used for international business activities, offering tax advantages and confidentiality.
    • Offshore Trusts: Ideal for asset protection and estate planning, especially for high-net-worth individuals.
  4. Islamic Jurisdictions (e.g. Saudi Arabia):
    • Waqf: Similar to a trust, used for charitable purposes and estate planning.
    • Joint Stock Companies: Used for business activities and can provide liability protection.
  5. Abu Dhabi Global Market – United Arab Emirates

In this article, we decided to highlight one of the jurisdictions mentioned above the Abu Dhabi Global Market (ADGM) since it has rapidly emerged as a leading international financial centre, offering a range of flexible and innovative financial structures, ADGM caters to the diverse needs of global investors, businesses, and families.

    • Foundations: In ADGM, foundations serve as an alternative to trusts for wealth management and succession planning. They provide a robust framework for holding both personal and corporate assets, ensuring a continuum across generations.
    • SPVs (Special Purpose Vehicles): Widely utilized in ADGM, SPVs are structured to isolate financial risk by ring-fencing certain assets or activities. They are often used in complex financing transactions, securitizations, and real estate investments.
    • Single Family Office: Recognizing the unique needs of high-net-worth families, ADGM offers a specialized Single Family Office (SFO) license. This allows affluent families to consolidate the management of their wealth, investments, and personal affairs under one roof, ensuring discretion, customization, and continuity.
    • Trusts: ADGM has recognized the significance of trust structures within its jurisdiction and has implemented Trust Regulations to facilitate such arrangements, however ADGM does not have a Trust Registrar.

Incorporating these structures within the ADGM jurisdiction offers businesses and individuals a strategic advantage, given its world-class regulatory framework, tax benefits, and the region’s strategic location bridging the East and West.

 

Overview of Re-domiciliation

Re-domiciliation refers to the legal process by which a company transfers its registration from one jurisdiction to another, effectively changing its legal domicile while maintaining its corporate identity. This procedure stands in contrast to dissolving the entity in its original jurisdiction and incorporating a new entity in another.

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Reasons for Re-domiciliation

The practice of re-domiciliation is adopted for several strategic reasons, underscoring its importance in the global business landscape.

The rationale behind re-domiciliation varies among companies but commonly includes the pursuit of a more favourable regulatory environment, tax efficiency, enhanced corporate governance standards, and access to international markets. Jurisdictions that offer political stability, robust legal systems, and economic incentives are particularly attractive destinations for re-domiciliation.

  • Regulatory and Legal Environment: Businesses may redomicile to jurisdictions known for their efficient corporate laws and favorable regulatory environments, such as Singapore or the Netherlands. These locations offer streamlined business operations and less bureaucratic procedures, making them attractive destinations for companies looking to enhance their operational efficiency.
  • Tax Efficiency: Tax considerations are often at the forefront of the decision to redomicile. Companies seek jurisdictions with lower corporate tax rates or advantageous tax treaties to reduce their tax liabilities. Ireland, with its competitive corporate tax rates, and the United Arab Emirates, known for its special economic zones and tax incentives, are prime examples of such jurisdictions.
  • Corporate Governance and Market Access: Improving corporate governance and accessing new markets are also vital reasons for re-domiciliation. Companies may move to countries like Switzerland or Luxembourg, which are perceived as more stable and reliable, to boost their international credibility and attract global investors. This strategic move can open up new opportunities in international markets and enhance the company’s competitive edge.

 

Advantages of Re-domiciliation Over New Incorporation

Opting for re-domiciliation instead of starting a new company in a different jurisdiction has significant advantages. It allows for the seamless continuation of operations, preserving financial history and ongoing contracts, essential for maintaining trust with stakeholders as the legal personality of the re-domiciled entity remains intact. Furthermore, being domiciled in a jurisdiction recognized for its secure legal framework can improve a company’s appeal to investors and facilitate access to global markets.

 

Conditions for Re-domiciliation

The process of re-domiciliation is subject to various conditions that vary depending on both the outgoing and incoming jurisdictions. These conditions are crucial for ensuring a smooth transition and compliance with legal and regulatory requirements. Understanding these conditions is essential for any company considering re-domiciliation.

  • Legal Framework Compatibility: One of the primary conditions for re-domiciliation is the compatibility of legal frameworks between the original and target jurisdictions. The company must ensure that both countries allow for re-domiciliation; some countries may not permit companies to move in or out without dissolution and re-incorporation.
  • Corporate Status: The company seeking to redomicile must be in good standing in its current jurisdiction. This means it should have complied with all its legal and financial obligations, including tax filings, annual returns, and any outstanding fees or fines.
  • Consent from Shareholders and Directors: Typically, re-domiciliation requires approval from the company’s shareholders and sometimes its board of directors. This often involves a specific majority vote, as outlined in the company’s bylaws or the legal requirements of the home jurisdiction.
  • Disclosure and Documentation: A comprehensive set of documents must be prepared and submitted to the authorities in both jurisdictions. These documents often include a plan of re-domiciliation, certificates of good standing, financial statements, and legal opinions on the re-domiciliation’s legality under both jurisdictions’ laws.
  • Tax Considerations: Companies must carefully plan for tax implications associated with re-domiciliation. This includes settling any outstanding tax liabilities in the original jurisdiction and understanding the tax framework in the new jurisdiction to avoid double taxation and ensure compliance with international tax laws.

 

Examples of Jurisdiction-Specific Conditions

  • Singapore: Companies moving to Singapore must obtain approval from the Accounting and Corporate Regulatory Authority (ACRA) and meet specific requirements, such as having a registered office in Singapore and appointing a local company secretary.
  • Ireland: For a company to redomicile to Ireland, it must be able to demonstrate that re-domiciliation is permitted under the laws of its current jurisdiction and that it can adapt to the Irish legal and corporate environment.
  • Cayman Islands: The Cayman Islands require that the company’s memorandum and articles of association be amended to reflect the change in domicile and comply with Cayman law, in addition to demonstrating good standing in its current jurisdiction.
  • Abu Dhabi Global Market (ADGM): For companies considering re-domiciliation to ADGM specific conditions must be met. Firstly, the company must ensure that re-domiciliation is allowed under the laws of its existing jurisdiction. It must then submit an application to the ADGM Registration Authority, including details such as proof of consent from shareholders, evidence of good standing in its current jurisdiction, and a declaration of compliance with ADGM regulations. Furthermore, the company is required to demonstrate that it has made adequate provisions for liabilities and is capable of continuing effectively as a going concern in ADGM. This includes meeting ADGM’s legal and regulatory requirements, such as having a physical presence in ADGM and appointing a registered agent if necessary.

 

Disadvantages of Re-domiciliation

Re-domiciliation, while offering numerous benefits, also presents certain disadvantages that companies must consider before embarking on this process. Understanding these drawbacks is crucial for a comprehensive evaluation of whether re-domiciliation aligns with a company’s strategic objectives and operational requirements.

  • Regulatory Complexity and Compliance Costs: The process of re-domiciliation involves navigating the legal and regulatory frameworks of both the original and target jurisdictions. This can be a complex and time-consuming process, requiring significant due diligence to ensure compliance with all applicable laws and regulations. The need for legal and financial advisory services to manage this transition can lead to substantial costs. Additionally, the company must adapt to the new jurisdiction’s regulatory environment, which may impose different reporting requirements, corporate governance standards, and operational regulations, further increasing compliance costs.
  • Tax Implications: While one of the motivations for re-domiciliation may be tax efficiency, the process can also trigger complex tax implications. These may include exit taxes imposed by the original jurisdiction or capital gains taxes on the deemed disposal of assets. Companies must carefully plan for the tax consequences of re-domiciliation to avoid unexpected liabilities and ensure compliance with international tax laws, including anti-avoidance regulations.
  • Operational Disruptions: Re-domiciliation can lead to operational disruptions as the company adjusts to a new legal and business environment. This may involve changes to banking arrangements, contract renegotiations, and adjustments to corporate structure and governance. The process may also distract management from the company’s core operations, potentially impacting short-term productivity and performance.
  • Stakeholder Perceptions: The decision to redomicile may be viewed negatively by some stakeholders, including customers, suppliers, and investors, who may perceive the move as an attempt to avoid taxes or regulatory oversight. This can impact the company’s reputation and stakeholder relationships. It’s important for companies to communicate the reasons for re-domiciliation transparently to mitigate any negative perceptions.
  • Legal and Financial Risks: Re-domiciliation carries legal and financial risks, including the risk of not meeting all conditions required for the process in either the original or target jurisdiction. Failure to comply with all regulatory requirements can result in penalties, legal challenges, or even the inability to operate in the new jurisdiction. Additionally, the financial stability and regulatory environment of the target jurisdiction may change, potentially affecting the company’s operations and financial performance.

 

Wealth management and business structuring stand as key pillars in the journey towards financial security and corporate success. Re-domiciliation, as part of the structuring strategy,  plays a significant role in this process.

As individuals and their businesses grow and change, the strategies for managing wealth and structuring businesses must also evolve. A deep understanding of the benefits of different structures and the options available in various jurisdictions can empower individuals and companies to make choices that are best suited for their future

 

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For personalized guidance in Wealth Management and Strategic Business Structuring and the importance of re-domiciliation, please do not hesitate to contact our team by sending an email to: attorneys.ad@omlfirm.com

 

DISCLAIMER: This blog post does not constitute legal advice, and no attorney-client relationship is formed by reading it.  Additional facts or future developments may affect the content of this blog post. Before acting or relying upon any information within this newsletter, please seek the advice of an attorney.