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White & Case Advises UACC on Precedent-Setting Merger in Dubai

Global law firm White & Case LLP has advised United Arab Chemical Carriers Limited (UACC), the Dubai-headquartered international shipping company, on entering into a definitive merger agreement to be acquired by United Overseas Group Ltd (UOG), a company controlled by Peter Georgiopoulos and Leonidas Vrondissis.

The complex, precedent-setting transaction is structured as a reverse triangular merger, which will be the first such merger under the Companies Law of the Dubai International Financial Centre (the DIFC). The transaction is conditioned on, among other things, receipt of UACC shareholder and DIFC regulatory approval and is expected to close in the first quarter of 2021. UOG will be financed by Entrust Global’s Blue Ocean Funds.

The White & Case team which advised on the transaction was led by partners Michiel Visser (New York), Ali Shaikley (Dubai) and Simon Collins (Hong Kong), and included partners Denise Cerasani, Kristen Rohr (both New York) and Christian Pilkington (London), local partner Sonia Abdul-Rahman (Dubai) and associates Mohamed Hasan, Roger Gaspard (both Dubai), Jackie LaBine, Natalie Fernandez, Nicole Llinares (all New York), Lowrie Robertson, Matt Steele and Raif Hassan (all London).

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