We have been following developments with the Aramco IPO, the pre-budget statement and new appointments at Al-Rajhi and SAMA. Click below for more details on these stories.
Briefing on the Qatar Sanctions
Saudi Arabia, the UAE, Bahrain and Egypt cut their ties with Qatar on 5 June, banning sea and air travel to and from their countries and Qatar. The three Gulf states also gave Qatari citizens 14 days to leave their countries, and prohibited their own citizens from visiting Qatar.
Vivien Davies, a partner with Fieldfisher in London, and Dr. Nicolas Bremer, a partner with Alexander & Partner Rechtsanwalte, have written short notes for clients advising them how to deal with the sanctions imposed on Qatar, and drawing attention in particular to the issue of 'force majeure'.
The client notes are attached below, and contain details how how to contact the authors.
More in News
We are delighted to welcome Spector Constant & Williams (SCW) as one of our newsest corporate members. SCW is a newly-established London-based law firm whose staff have decades of experience. The photo is of George Constant, who will be the firm's main contact with the ABA
We honoured Isam al-Sager, Group CEO of National Bank of Kuwait, with our Award for Distinguished Service to Arab Banking, at our Gala Dinner in London on 23 October.
The KFH/Ahli United merger is moving forward; Fitch downgraded Saudi Arabia; Lebanese central bank Governor Riad Salame sought to reassure depositors that they would be able to withdraw dollars from banks, and the UAE dropped its ban on citizens travelling to Lebanon.
We are welcoming ODDO BHF, the German investment bank and asset manager; TLT Sollicitors, and Spector Constant and Williams sollicitors.