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The Dubai Chamber of Commerce and Industry, in association with DLA Piper Middle East LLP, recently organised a workshop under the banner, ?Practical Aspects of Share Purchase Agreement? at the Chamber premises.
The workshop, which was attended by Dubai Chamber members, business representatives, lawyers and legal professionals, investors, business owners and corporate counsels, dealt with the topics of understanding the main issues involved in the allocation of risks and liabilities related to the sale and purchase of shares by businesses.
Jehad Kazim, Director, Legal Services, Dubai Chamber, stated that while dealing with the sale and purchase of shares, it is important that the agreement be properly drafted, particularly with respect to the seller?s obligation to sell and the buyer?s obligation to purchase the shares while also considering the risks and liabilities involved in the deal.
She added that with the proper professional guidance, buyers and sellers can minimise such risks in a manner that makes them commercially comfortable and safeguards their respective positions. This also goes out to enhance the reputation of the business community while promoting the investor-friendly environment of the emirate.