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Mergers & Acquisitions (M&A) law in Abu Dhabi is part of the broader corporate law framework which focuses on restructuring corporate entities. It is strongly regulated by several legislative bodies including the UAE Commercial Companies Law No. 2 of 2015, the UAE Civil Code and the UAE Securities & Commodities Authority. M&A transactions often involve a blend of legal, financial and business complexities; the local and international business landscapes are also taken into account. In Abu Dhabi, there is a strong emphasis on maintaining fair practices and protecting investors and stakeholders during these transactions.
In the field of M&A, a lawyer's role is often crucial given the complexity of transactions. You may need a lawyer for reasons such as drafting, reviewing, and negotiating contracts, conducting thorough due diligence, navigating various regulatory requirements, managing cross-border issues, and to resolve any disputes over the course of the transaction. Lawyers also help ensure the transaction adheres to local and international laws and standards, protecting your interests and mitigating risks.
The UAE Commercial Companies Law No. 2 of 2015 is the key piece of legislation regulating M&A in Abu Dhabi. It outlines types of companies, ownership regulations, capital requirements, and provisions for M&A processes like due diligence, public disclosures, and approvals. It also places restrictions on M&A activities for certain types of companies. Additionally, the UAE Civil Code may apply to aspects of M&A transactions and the Securities & Commodities Authority lays down rules for public joint-stock companies. Abu Dhabi Global Market and Dubai International Financial Centre also have their own set of laws regulating M&A.
The Securities & Commodities Authority provides laws and guidelines for public shareholding companies, ensuring transparency and fairness during M&A transactions and protecting minority shareholders.
Yes, as per the change in Commercial Companies Law in 2021, 100% foreign ownership is now allowed in the UAE including Abu Dhabi, subject to sector-specific regulations.
Yes, the Securities & Commodities Authority mandates a public offer for minority shareholders in event of a takeover. The mandatory tender offer rule is aimed at ensuring fairness.
Due diligence is a process where the buyer thoroughly investigates the prospective business to be bought. This includes examining financials, contracts, regulatory compliance, operations and more.
It depends on the choice of jurisdiction in the contract. If a dispute arises, it is usually resolved in the jurisdiction agreed by the parties in the contract. It can be local courts, arbitration centres in Abu Dhabi or foreign jurisdictions.
For additional information and resources, you could look at Abu Dhabi Global Market's website, which contains many relevant laws and regulations. Other resources include UAE Ministry Of Economy's official portal and various legal advisory resources available online.
If you need legal assistance in M&A in Abu Dhabi, it might be within your best interests to consult an expert M&A lawyer. This will help you navigate the complexities of the laws, ensure transactional efficiency and protect your interests. Early involvement of a lawyer could save you from potential legal hurdles, ensure smooth negotiations and transaction execution.
