A&O, BLP, DLA make Aldar’s first panel

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  • I find it incredible that not a single local law firm is on the panel. where do you think the international firms get their local law advice from? i have first hand seen the international firms seek advice from the local firms and simply snazz up the advice with their logo and letterhead - and no other amendments. very strange of Aldar.

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  • Why would Aldar need to appoint a local firm to its panel given most local UAE firms are awful, and there is little or no law on which to opine in any event?

    And given Aldar's budget for the coming year will be about US$500 (i.e. the same as most entities in the UAE), this is not newsworthy.

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  • I know that the DLA haters won’t be swayed by one story, but maybe the truth will be a little easier to digest when you wash it down with more stories to come.

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  • I am not a DLA hater but getting on a panel hardly means DLA are home and dry.
    Aldar has its own in-house counsel for a start so only work that cant be dealt with in house will be outsourced. This will not necessarily be to DLA but to the panel firm with the best capabilities to deal with that particular job.
    DLA's Finance and Construction teams are virtually non existent. Real Estate and Projects are thin on the ground so i wonder what work they are actually capable of taking at the moment. Litigation and IP maybe?

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  • If Aldar are in anywhere near the shape of its bigger (or should I say ex-bigger rival) Nakheel in Dubai, then these firms had better look out! Most of the ex Nakheel panel firms are owed millions in outstanding fees and there is no chance that most the money owed to them will be payed.

    Good luck to all the new panel firms, I hope they know lots of creative accounting and that they are expert at carrying over losses from unpaid fees...

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