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Afridi & Angell

Shahram Safai

Shahram Safai

Partner

Expertise

  • Corporate & Commercial
  • Real Estate & Construction
  • Venture Capital

WSG Practice Industries

Activity

WSG Leadership

IBA Group
Member

Afridi & Angell
United Arab Emirates

Profile
Mr Safai is a partner at Afridi & Angell and his practice consists of corporate law, real estate law and disputes. Mr Safai also advises on private equity and venture capital transactions. Mr Safai heads the firm’s real estate team and venture capital team and he has been highly sought after by boards and shareholders for strategic legal advice. He is active in lobbying for and providing constructive feedback to government organizations regarding regional laws and regulations pertaining to venture capital investment, corporate governance and real estate.

Mr Safai also advises clients with respect to investments, joint ventures and doing business in Iran. Such advice involves franchise and agency matters, build operate transfer transactions, regulatory & legal compliance and strategies, foreign investment protection regimes, sanctions and anti-money laundering implications.

Mr Safai is also a registered professional engineer and he has previously worked as a design engineer, a hydroelectric dam manager in charge of biologists, technicians, electricians and mechanics, as well as a construction engineer. He is also a regular speaker at seminars on legal developments and current issues in real estate and construction law. At the invitation of the Government of Dubai, Mr. Safai lectures on legal matters at the Land Department.

Prior to joining Afridi & Angell Mr Safai was an associate at Cooley Godward in Palo Alto, California practicing venture capital law.

Bar Admissions

State Bar of California

Education

M.B.A., Webster University, U.S.A., 2002
J.D., University of British Columbia, Canada, 1998
Bachelor of Engineering, University of British Columbia, Canada, 1992
Areas of Practice

Corporate & Commercial | Real Estate & Construction | Venture Capital

Professional Career

Professional Associations

  • International Bar Association
    State Bar of California
    Law Society of England and Wales
    Canadian Bar Association
    Association of Professional Engineers of British C

Seminars

• Speaker, Term Sheets Made Simple, Womena Angel Series Workshop, 23 April 2016, Dubai
• Speaker, Real Estate in Dubai, a presentation to students from Kingston University, 5 April 2016, Dubai Land Department and Dubai Real Estate Institute
• Speaker, The control of transactions: how is the transparency of real estate owners ensured?, Structuring real estate ownership in Dubai, 2 March 2016, Dubai
• Panelist, Setting Up an Entity & Opening Bank Accounts: Onshore, Free Zone & Offshore, Dubai Forward, 17 February 2016, Dubai
• Chairman and Speaker, Doing Business in Dubai, and what you need to know about the UAE and Dubai, Dubai Forward, 15 February 2016, Dubai
• Speaker, Managing the transition to DIFC wills: what is the impact on existing and common succession instruments/techniques?, Optimal Successions in Dubai & the UAE, 24 November 2015, Dubai
• Speaker, Dubai Land Department and succession issues/transfer of property, Optimal Successions in Dubai & the UAE, 23 November 2015, Dubai
• Panelist, MENA M&A Landscape: trends, challenges and winning strategies, The American Lawyer’s Global M&A Playbook, 28 October 2015, New York
• Speaker, Construction / Real Estate Sector / UAE Forecasts – Opportunity – Challenge – Risks / Land Department & RERA Functioning – Settlement of Disputes, ICC Forum 2015, 22 April 2015, Dubai
• Panelist, Operating in Dubai: what are the best options for your strategy?, Dubai Forward: The 2nd annual strategic conference on Dubai as a financial & wealth management centre, 23 & 24 February 2015, Dubai
• Speaker, Real Estate in Dubai – The Amazing Decade, a presentation to a delegation from Singapore, 25 February 2015, Dubai Land Department
• Speaker, Hello Tomorrow – where science and technology meet entrepreneurship to build our tomorrow, 18 February 2015, Hult International Business School, Dubai
• Speaker, Legal Aspects of VC: The VC Term Sheet in Focus, Dubai Silicon Oasis, 9 February 2015
• Speaker, Offshore Companies – where to create an offshore company to hold real estate in the UAE?, Optimal Succession in Dubai & the UAE, 24 & 25 November 2014, Dubai
• Real Estate in the UAE – The Amazing Decade (an Information Exchange organised by The American Business Council of Dubai & Northern Emirates), 19 November 2014
• Panelist, Dispute Resolution in Saudi Arabia and the UAE, Association of Corporate Counsel Annual Meeting 2014, 28-31 October 2014, New Orleans
• Chairman and Speaker, Spotlight on Construction – Challenges and Fiduciary Duties, Afridi & Angell (in conjunction with Snag & Inspect) client seminar, 21 January 2014
• Panelist, Corporate finance: 2014 and beyond, 2013 ACT Middle East Annual Conference, Driving Growth, Building Futures, DIFC, Dubai, 26-27 November 2013
• Construction Law in the UAE: Issues and Practical Solutions, Afridi & Angell client seminar, 28 March 2012 (Dubai), 11 April 2012 (Abu Dhabi)



Articles

COVID-19 and Commercial Leases in the UAE
Afridi & Angell, September 2020

The Covid-19 pandemic has swept the globe like a tsunami and it continues to impact countries and their economies worldwide. The UAE is no exception. Businesses have come under increased cost pressure as revenues decline. Such cost pressure primarily involves real estate leasing costs. In this inBrief, we look at the impact Covid-19 has had on commercial leases...

Underperforming real estate: Can REIT (funds) assist developers in the UAE?
Afridi & Angell, July 2020

During these unprecedented times, developers all over the world are actively looking for solutions to deal with underperforming real estate. For developers in the United Arab Emirates (UAE), real estate investment funds (otherwise known as REITs) may offer a solution to the problem. A REIT is a public or private investment fund which is established to invest a certain percentage (as stipulated by law) of its assets in real estate...

Cram Down Financings in the Era of Covid-19
Afridi & Angell, June 2020

We are in unprecedented times. The Covid-19 pandemic has swept the globe like a tsunami and it continues to wreak havoc on countries, people and economies. The effects of the pandemic are evident now. For example, the US unemployment rate is presently at 14.7%. In the peak of the financial crisis of 2008, the unemployment rate was 10%...

Additional Articles

• Venture Capital Investment: Market and Regulatory Overview, 2016, Practical Law Multi-Jurisdictional Guide (co-author of UAE chapter)
• Doing Business in Iran: Life After (Secondary) Sanctions, Afridi & Angell inBrief, 2 February 2016
• Commercial Real Estate in the United Arab Emirates: overview, Practical Law Global Guide (co-author of UAE chapter), 2015/16
• The many demands venture capital firms will make, Gulf News, 29 November 2015
• Navigating a course through commercial disputes, Gulf News, 4 November 2015
• Start-ups: It’s all about the rights, Start Up (Arabian Business), November 2015
• Fixing the blame in a fire mishap and moving on, Gulf News, 16 March 2015
• Making Monetary Sense: [The How-To] Understand Your VC Term Sheet (co-author), Entrepreneur Middle East, February 2015
• Ways and Means to Build a Budget Hotel in Dubai, Gulf News, 14 January 2015
• Legal Safety Nets Owners Need to Look Out For (co-author), Gulf News, 11 January 2015
• Liquidation of Cancelled Real Estate Projects in Dubai, Practical Law Multi-jurisdictional Guide 2013
• Venture Capital Investment: Market and Regulatory Overview, 2015, Practical Law Multi-Jurisdictional Guide (co-author of UAE chapter)
• IPO You Start-Up, Start Up (Arabian Business), April 2014
• Venture Capital Fund: A-How-to-Guide, Start Up (Arabian Business), February 2014
• Balancing Founder Control and Venture Capital Money, Start Up (Arabian Business), November 2013
• The Rise of Venture Capital in the Middle East, Start Up (Arabian Business), October 2013
• Pay on Time - Is the Collection of Service Charges a Big Headache?, Property Times, March 2013
• Dubai Real Estate, The American Lawyer, October 2012
• Construction Law in the UAE, Lawyer Monthly, April 2012


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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