Developments in Directors' Duties and the Ramifications of Breaches in the UAE

Description

This webinar provides an overview of the sources of directors’ duties and legal obligations in the UAE, highlighting key fiduciary responsibilities under local laws. It examines the potential risks and ramifications that arise from breaches, including legal, financial, and reputational consequences. The session also explores practical steps for implementing effective compliance and governance measures, helping directors understand how to safeguard their organisations and uphold their legal and ethical obligations.

 

Content 

  • Sources of directors’ duties and legal obligations in the UAE

  • Potential risks and ramifications of breaching duties

  • Implementing compliance and governance measures in the UAE

  • Understanding directors' fiduciary responsibilities

 

Presenters

Izabella Szadkowska

Partner at AI Tamimi & Company
Izabella Szadkowska 

Izabella is a Partner in the Corporate Structuring team and specialises in corporate and commercial work, particularly in foreign investment regime, cross-border corporate and regulatory structure design and implementation, capital restructuring work and trust structures advice and assistance.

Izabella’s areas of practice also include economic substance, ultimate/ real beneficial ownership assessment and advice, business formation and corporate services under law of the Dubai International Financial Centre. Her expertise also extends to providing day-to-day legal advice on matters of corporate commercial nature to corporate clients, particularly family businesses, healthcare and education sector businesses, as well as M&A transactions assistance and equity capital markets.

Prior to joining Al Tamimi, Izabella trained at Linklaters LLP and practiced at Clifford Chance LLP and White & Case LLP. She combines private practice and in-house experience, having acted as Head of Group Legal Department for a major UAE conglomerate, Al Rostamani Group.

 

Nazanin Maghsoudlou

Senior Counsel, Corporate Structuring at AI Tamimi & Company
Nazanin Maghsoudlou 

Nazanin is a Senior Counsel in the Corporate Structuring team and specialises in a broad spectrum of corporate and commercial law, with a particular focus on structuring and restructuring businesses, mergers and acquisitions, and joint ventures. Her extensive experience extends to advising on optimal acquisition structures, preparing transaction documents for share acquisitions, and managing incorporation and transfer of incorporation as well as corporate restructuring, dissolution, and liquidation.

Nazanin's expertise also encompasses regulatory strategies and compliance, ensuring that her clients navigate the complexities of corporate laws and regulations effectively. Nazanin has participated in several government initiatives related to developing and improving the business environment and finding solutions to legal framework challenges in respect of establishing businesses in the UAE including the initiative of creating a dynamic environment for doing business and amending the laws in this regard.

She also has hands-on experience in diverse jurisdictions of UK, UAE and Iran with major business ventures, high profile entities and key clients. Nazanin bridges gaps between cultures and legal systems by leveraging strong understanding of common law, codified law, and sharia law.