Insight Category: News
Foster Wheeler AG has acquired Ingen Ideas (“Ingen”), a privately held upstream consultancy company located in Aberdeen, UK. Ingen specialises in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments covering greenfield and brownfield assets. BSArepresented Ingen Ideas in the transaction, handling all aspects which involved… Continue reading BSA Advises Ingen Ideas on Acquisition by Foster Wheeler AG...
UAE Bankruptcy Law Amendments The UAE Federal Decree-Law No. 9 of 2016, known as the Bankruptcy Law, has been amended pursuant to Federal Decree-Law No. 35 of 2021, to clarify the circumstances under which a debtor’s directors and managers may be held personally liable for the company’s debts if they cannot be repaid. Bankruptcy Law… Continue reading UAE Bankruptcy Law Amendments: Directors’ and Managers’ Personal Liability...
The interest in SPAC’s in the UAE and wider region is growing, but how does it work? SPACs, or special purpose acquisition companies, aim to acquire private companies and make them public, by virtue of the SPACs themselves having gone through an IPO. Here’s what you need to know: SPACs have been looking at the… Continue reading SPAC’s in the UAE: How it works...
The Future of Finance for SMEs In recent years, the governments of the Gulf Cooperation Council (GCC) have moved to reduce their reliance on hydrocarbons, designing ambitious strategic plans to develop into innovation-led economies within a 15- to 30-year horizon. One aspect of these policies has been to promote technology-backed and data-driven industries, particularly in… Continue reading SME 10x: The Future of Finance for SMEs...
Have SPAC listings hit ‘the wall’? SPACs, or special purpose acquisition companies, have been the subject of a drastic surge where they emerged as the preferred route for public fund-raising in 2020. However, equally suddenly, SPACs witnessed a sharp decline in Q2 2021, as indicated by the graph[1] below: Figure 1: Sharp decline or marginal… Continue reading Have SPAC listings hit ‘the wall’?...
At the recent COP26 summit in Glasgow, India made the twin commitment of reaching net-zero emissions by 2070, and to procure 50% of its energy requirements from clean and renewable energy sources within this decade. These are remarkable commitments from a country which is home to 1.4 billion people and is the 3rd largest emitter… Continue reading India renews its Green pledge with a commitment to triple Renewable Energy generation by 2030...
On the 2nd of January 2022 the Federal Decree-Law No. 14/2020 will come into force, however, and similar to all new laws and regulations, it will be necessary to see how the relevant court will implement its provisions in order to understand the different aspects which are governed by the said Federal Decree-Law. One important… Continue reading Latest amendments in relation to bounced cheques in the UAE...
We are extremely proud to announce that BSA Al Rashdi and Al Barwani has won Law Firm of the Year – Oman at the recent Oath Legal Awards ceremony, hosted in Dubai, UAE. When awarding BSA, the judges took into consideration our impressive flagship deals from the past 12 months, including the following: Acted on… Continue reading Oman Firm of the Year: The Oath Legal Awards...
The UAE witnessed recently the largest legislative reform in the history of the UAE by enacting more than 40 different decree laws and amendments in 2021. Following to the new Industrial Property Law published earlier in May 2021, the two most recent IP laws were enacted are: The Federal Decree Law (36 of 2021) in… Continue reading Modernized System of Intellectual Property Protection in the UAE...