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Merger & Acquisition (M&A) laws in Sharjah, United Arab Emirates are significantly governed by the corporate laws of UAE, specifically, the UAE Federal Law Number 2 of 2015 otherwise known as the UAE Commercial Companies Law (CCL). This legal framework provides the foundation and rules regarding M&As in Sharjah and overall UAE, ensuring both local and foreign enterprises are in a secure and legally sound environment when undergoing M&A activities.
M&A transactions are highly complex and substantial due to the legal, financial and operational implications involved. They also require clear interpretation of the existing laws and the application process. Common situations necessitating a lawyer include evaluating and formulating M&A strategies, conducting due diligence, structuring the deal, negotiating terms, preparing the necessary documents, obtaining regulatory approvals, and navigating any dispute resolution.
The UAE Commercial Companies Law (CCL) is the key statute for Mergers & Acquisitions. It is not sector-specific and therefore applies to all types of companies in Sharjah. It outlines the procedures of M&A deals, rules for share transfer, approval processes, company formation and management. However, public joint-stock companies may also need to adhere to the regulations of the Securities and Commodities Authority (SCA).
Yes, foreign companies can engage in M&A activities in Sharjah, but they are subject to certain restrictions and regulations, primarily a maximum foreign ownership percentage.
All merger and acquisition deals must be approved by the General Assembly of the company and may require additional approvals from authorities such as the SCA or Ministry of Economy, depending on the nature of the entities involved.
Yes, but they are subject to specific criteria to avoid creating a monopoly, in accordance with the UAE’s anti-competition law.
The duration varies significantly depending on the complexity of the deal, the entities involved, and the scope of due diligence. It could range from a few months to a year or longer.
A lawyer plays a critical role in advising on appropriate strategies, due diligence, regulatory procedures, contractual obligations, and risk mitigation, ensuring a lawful and smooth M&A transaction.
Those seeking legal advice on Mergers & Acquisitions can consult resources such as the UAE Ministry of Economy website for legal frameworks and updates, the Commercial Compliance & Consumer Protection (CCCP) for consumer rights and protection issues, and the Dubai International Financial Centre for cases involving financial disputes.
If you require legal assistance for a merger & acquisition, it is advisable to first identify and engage a reputed law firm with experience in M&A in Sharjah, UAE. They will assess your needs and guide you through the process. It's also recommended to familiarize oneself with the key laws and regulations concerning M&A in Sharjah for a better understanding of the process.
