The long anticipated UAE Federal Commercial Companies Law no. 2 of 2015 (the "New Companies Law") was issued on 25 March 2015 and will be in force by 1 July 2015, replacing UAE Federal Commercial Companies Law no. 8 of 1984 (the "Former Companies Law"). Following our recent Client Alert concerning the impact of the New Companies Law on bond and sukuk issuances (click here), this Client Alert considers the impact of the New Companies Law on initial public offerings ("IPOs") and its implication for issuers and financial advisors.
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