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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

WSG Leadership

WSG Boad of Directors
Director 2019/ 2020
WSG Regional Council
Chair 2019/ 2020
Strategic Planning Committee 2020
Member
DealMaker Group
Member
IBA Group
Member
Tax Group
Member

Afridi & Angell
United Arab Emirates

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

Dubai Development Authority - UBO Requirements
Afridi & Angell, July 2019

The Dubai Development Authority (DDA) (previously known as the Dubai Technology and Media Free Zone Authority (TECOM) and the Dubai Creative Clusters Authority (DCCA)) is the regulator of entities licensed to conduct business in Dubai Internet City, Dubai Media City, Dubai Knowledge Park, Dubai Outsource City, and other clusters regulated by the DDA...

DIFC Courts Pierce Veil of Incorporation in Employment/Marital Dispute
Afridi & Angell, July 2019

The DIFC Small Claims Tribunal (SCT), a branch of the DIFC Courts, has in a rare (if not first of its kind) judgement, pierced the corporate veil of a DIFC incorporated company to look into its shareholding and key individuals in the case of AS World Group Holding Ltd. Vs Anna Calkins [DIFC SCT 116/2019]. Overview of dispute AS World Group Holding Ltd (Claimant), filed proceedings against Ms...

BVI Companies - Economic Substance Law
Afridi & Angell, April 2019

British Virgin Islands (BVI) companies are commonly used in the UAE by investors to hold real estate properties and/or shares in UAE companies. Investors need to be aware of a recently enacted BVI law, the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Law), which introduces economic substance requirements in the BVI...

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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