Spring 2022 saw an increase in corporate relocations as a result of global developments around the Ukraine war, with many entrepreneurs also setting up in the UAE. As a result, LGP has been asked by major international clients to advise them locally in the UAE. Consequently, LGP has opened its own offices directly on the ground and has since then been advising international clients in the Middle East with a focus on sanctions law compliance.
UAE AS AN INTERNATIONAL HUB FOR BUSINESS
The UAE has already steadily developed into one of the world’s most sought-after destinations for companies and individuals in recent years.
When the Ukraine war broke out in 2022, the UAE largely maintained a role as a neutral state. This unbiased role of the UAE in the vacuum created between East and West has led to an increase in individuals not only moving their private lives to the neutral location of the UAE, but also increasingly channelled companies, labour, goods and capital to the Gulf state.
Due to the framework conditions in the UAE, especially the existing security and neutrality, the UAE has become even more important as an international hub for entrepreneurs from all over the world. As a result, more companies from the Emirates are doing business with international business partners and vice versa.
COMPREHENSIVE SANCTIONS EXPERTISE
The global events mentioned above did not only result in the relocation of companies. In 2022, there was also an increased need for consultancy activities around sanctions, especially in the EU, the USA and the UK, which has also become more important for companies in their business practice. Even companies not subject to sanctions have since then been confronted with the need of compliance with provisions from a for them “new” area of law.
LGP provides comprehensive sanctions advice and leads the legal representation of numerous high-profile international sanctions compliance clients. In this context, clients require legal representation with appropriate sanctions law expertise which LGP delivers with a long-standing sanctions law practice and significant experience in this area.
INTERNATIONAL COMMERCIAL LAW ADVICE
In addition to the focus on sanctions law we also consult our clients in related areas of law, such as international tax law, capital markets law, banking and finance law and all issues of compliance.
LGP TEAM BUNDLES EXPERT KNOWLEDGE FROM ALL AREAS
We use the expert knowledge of our managing partners from the offices in Austria, Slovakia, Northern Macedonia and Kazakhstan in a wide range of legal areas. LGP’s team also includes former judges of the European Court of Justice and the European Court of Human Rights, former ministers of various states, former diplomats, university professors, tax advisors and international lawyers and jurists. Thus, different perspectives can contribute to the development of solutions and experience values can be taken into account. At the same time, we rely on the expert knowledge of the best cooperation partners from various fields all over the world.
PROJECT SOLUTIONS IN THE ARAB WORLD
LGP PROJECT SOLUTIONS MIDDLE EAST challenges the traditional industry of strategic communication, providing quality advisory and fact-based and analytically diligent consultancy services, stimulating the clients to challenge their own industries by becoming more innovative, compelling, and efficient.
We act as deal counsel on bridging the investors with their business development activities, who are benefiting from our network built up over decades and our indepth knowledge of the market and practical experience in Central, South-Eastern and Eastern Europe, Turkey as well as in the Middle East.
Our neutral policy vis-à-vis the new global developments is another reason why we expand to the UAE. The socio-economic diversity, including the changes that the UAE is going through, and the industries and economic systems that are growing so fast make this region so exciting and attractive.
With the legal representation in the UAE, the establishment of LGP Project Solutions was also driven forward. LGP PS supports M&A projects of the newly settled clients from different industries and specializes in offering them a range of business solutions and strategic communication, covering various fields, from market research to establishing a new business. We provide full-service offerings as deal counsels and investment facilitators, assist investors with their business development activities, facilitate transactions and link them with project opportunities.