In March 2024 Lidings partner Stepan Guzey visited the UAE (Dubai), Oman (Muscat), the Kingdom of Saudi Arabia (Riyadh) and Bahrain (Manama) during his regular business trip to the Middle East.
During the two-week visit Stepan held more than 25 business meetings with representatives of leading local law firms and government agencies to establish and strengthen partnerships, as well as discussed current and future projects with clients to whom Lidings provides comprehensive legal support for both outward and inward investment projects in the Middle East region.
Due to the Lidings Global Partnership project, which brings together trusted partner firms around the world, we are able to respond quickly to client requests for both complex structured projects with cross-border aspects and routine assignments related to day-to-day operations abroad.
The Middle East region is one of the firm's main and actively developing areas of focus.
Stepan Guzey comments:
Given our long experience of working in the region (since the beginning of sanctions restrictions in 2014), we have formed a pool of trusted local legal advisors who have proven themselves in working on projects involving Russian component. At the same time, due to the increased flow of requests from Russian businesses, including state-owned companies, to enter the Middle East market and provide legal support in the region, we are expanding and strengthening our partnerships to ensure effective work on all our current and new projects. Such trips with the organization of personal meetings with representatives of prospective law firms is a great tool.
We managed to establish connections with local firms founded by local lawyers, as well as firms with no ties to foreign firms from the US and UK, which have generally dropped out of the pool of legal service providers for most Russian companies and citizens due to the geopolitical situation.
Lidings' successful project experience in the Middle East region is based on in-depth knowledge of the peculiarities of the Gulf legislation combined with an understanding of the industry specifics of each client. Our team offers expert solutions and effective legal algorithms for Russian companies entering the Middle East market, providing comprehensive legal support for projects of any complexity.
Lidings is recognized among the leading legal advisors in the UAE in the field of corporate law and M&A and dispute resolution (according to the Pravo-300 ranking for the UAE market). In cooperation with international firm Eptalex, we support complex cross-border projects in the areas of corporate law and M&A, dispute resolution, real estate and construction.