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Afridi & Angell

Bashir Ahmed

Bashir Ahmed

Managing Partner

Expertise

  • Banking & Financial Services
  • Corporate & Commercial
  • Dispute Resolution
  • Insurance

WSG Practice Industries

Activity

Afridi & Angell
United Arab Emirates

WSG Leadership

WSG Boad of Directors
Director 2020/ 2021
WSG Regional Council
Chair 2020/ 2021
Strategic Planning Committee 2020
Member
DealMaker Group
Member
WSG Audit & Finance Committee
Member
WSG in Africa & Middle East Group
Member
WSG Main Group
Member
WSG Membership Development Committee
Member
IBA Group
Member
Tax Group
Member
Profile
Mr Ahmed joined the firm in 1988 and became a partner in 1993. He advises clients on cross-border, general corporate and commercial, private equity, banking, licensing and maritime matters.

Mr Ahmed has extensive experience in domestic and cross-border acquisitions where he advises buyers and sellers on the due diligence process, the deal structuring, and drafting of agreements in connections with acquiring and divesting of share interest in the UAE. He also advises international and domestic banks on a wide range of matters including loan and credit facilities, syndications and regulatory matters. He was seconded to the regional office of an international bank for a period of 18 months, and acted as counsel for the Middle East and South Asia operations.

His martime practice involves advising ship owners and P&I Clubs, dry docks and a number of ship repair companies on shipbuilding contracts, arrest of vessels, cargo claims, as well as advising on disputes. He represents a number of banks on ship financing transactions.

Bar Admissions

New York Bar Association
Lahore High Court Bar Association

Education

LLM, Punjab University Law College in Lahore, Pakistan, 1986
BA, Jurisprudence, Oxford University, 1983
Areas of Practice

Banking & Financial Services | Corporate & Commercial | Dispute Resolution | Insurance | Maritime, Shipping & Transport | Private Equity & Acquisitions

Professional Career

Professional Associations

  • International Bar Association
Articles

UAE Economic Substance Requirements – Penalties Imposed by the Federal Tax Authority
Afridi & Angell, June 2021

The Federal Tax Authority (the FTA) has started to impose penalties on businesses that have failed to submit their economic substance notifications by the set deadline of 30 June 2020 for the financial period ended on 31 December 2019, and the economic substance reports by the set deadline of 31 December 2020 for the financial period ended on 31 December 2019...

Implementing Regulation to the New Movable Security Registration Law
Afridi & Angell, May 2021

Since the issuance of Federal Law No...

Dubai Family Ownership of Common Property Law
Afridi & Angell, September 2020

On 13 August 2020, the Ruler of Dubai issued Law 9 of 2020 to regulate family ownership of common property in the Emirate of Dubai (the Law). The Law aims to establish a legal framework for family ownership of common property in Dubai and to facilitate its transmission among successive generations. This concept of undivided family assets introduced by the Law also exists in other jurisdictions. There are many family run businesses in Dubai...

Additional Articles

• Co-author of Acquisition Finance (UAE chapter), 2016, Getting the Deal Through
• Co-author of Banking Regulation (UAE chapter), 2016, Getting the Deal Through
• Co-author of Doing Business in the United Arab Emirates, 2015/16, PLC Multi-jurisdictional Guide
• Co-author of Acquisition Finance (UAE chapter), 2015, Getting the Deal Through
• Co-author of Banking Regulation (UAE chapter), 2015, Getting the Deal Through
• Co-author of Litigation and Enforcement in the United Arab Emirates, 2015/2016, PLC Multi-jurisdictional Guide
• Co-author of The Restructuring Review (UAE chapter), 8th edition 2015, The Law Reviews
• Dubai as the world's capital of Islamic Economy: The roadmap ahead, Islamic Finance News Roundtable (series 2014)
• Co-author of Arrest of Vessels, Maritime Law Handbook, 2015, Kluwer Law International



Blogs

UAE VAT Executive Regulation Update
Posted on December 21, 2017
Practice Group: Tax - Africa

Please allow me to refer you to the article below, providing an update on the UAE VAT Executive Regulation. This is a big development for the UAE.  The UAE has no corporate or personal income tax (except for taxes on foreign banks and oil companies) and, as a result, there were generally no ...


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