Patrick Obeid
Senior Associate
BIOGRAPHY

Patrick is a senior associate at Meysan Partners. Patrick’s practice focuses on corporate and commercial law matters, as well as litigation and arbitration. Patrick has been recognized twice by the Legal500, as a rising star lawyer in 2020 and as a next generation lawyer in 2018.

PRACTICES
  • Corporate M&A
  • Private Wealth
  • Banking & Finance
Professional Bodies
  • Beirut Bar Association, 2006
EDUCATION
  • Master’s in management from ESCP Europe, Paris, France
  • MBA from Ecole Supérieure des Affaires, Business School, Beirut, Lebanon
  • Master’s in Civil and Affair Law, Emphasis on Banking and Financial Markets Law from Saint Joseph University, Beirut Lebanon
  • Bachelor’s in law from Saint Joseph University, Beirut Lebanon
EXPERIENCE

Advised a multinational commercial group of companies on the consolidation of businesses, restructuring and reorganization to implement optimal tax structures.

Advised multiple clients on equity and debt offerings, mergers and acquisitions, including, among others, conducting legal due diligence from sellers’ and buyers’ side, drafting and negotiating share purchase agreements, subscription agreements and swap of shares agreements.

Advised multinational banks on the issuance and redemption of preferred shares for the increase of their equity in compliance with the applicable regulatory framework.

Advised multinational banks on secured lending transactions and major real property acquisitions and sales.

Advised a GCC bank operating in Lebanon (as a secondment) on all issues from corporate and lending matters, restructuring of debt and collateralization (and cross-collateralization) of securities.

Advised multiple clients with employment matters, in particular advising clients on large-scale layoffs and conducting negotiations with governmental agencies and mediation with syndicate of employees to reach agreement on severance packages.

Key highlights of the executive regulations of the UAE consumer protection law
Key highlights of the executive regulati...
October 23, 2023

The Executive Regulations of Federal Law No. 15 of 2020 on Consumer Protection have recently been enacted through Federal Cabinet Resolution No. 66 of 2023 in the United Arab Emirates. These regulations, which took effect on 14 October 2023, offer crucial insights into the Consumer Protection Law (Federal Law No.… Read more

UAE announces end-of-service scheme for employees
UAE announces end-of-service scheme for ...
September 5, 2023

The Prime Minister and Ruler of Dubai announced yesterday a new end-of-service benefits system for employees in the private sector and free zones. This voluntary initiative will include the establishment of savings and investment funds from the private sector, overseen by the Securities and Commodities Authority in partnership with the… Read more

Ministry of Finance Issues New Ministerial Decisions Relating to Corporate Tax
Ministry of Finance Issues New Ministeri...
August 14, 2023

As part of the series of new Ministerial Decisions under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, the UAE Ministry of Finance introduced, on 28 July 2023, the following three new Cabinet Decisions: 1- Cabinet Decision No. 74 of 2023 outlining the Executive Regulation… Read more

UAE expands the pool of private sector establishments subject to Emiratization targets
UAE expands the pool of private sector e...
July 12, 2023

The Ministry of Human Resources and Emiratization announced yesterday that the Government’s Emiratization drive now includes private companies with 20 to 49 employees. This expansion applies to companies across 14 economic sectors, including, inter alia, real estate, education, construction, and healthcare. Previously, only companies with 50 or more employees were… Read more

UAE unemployment insurance scheme registration deadline extended by three months
UAE unemployment insurance scheme regist...
June 5, 2023

The UAE authorities have announced an extension to the deadline for employees to enroll in the national Unemployment Insurance Scheme. Previously, the deadline was set for the end of June, with fines to be imposed starting from July 1. According to a circular from the Ministry of Human Resources and… Read more

Ministry of Finance Issues New Ministerial Decisions Relating to Corporate Tax
Ministry of Finance Issues New Ministeri...
June 2, 2023

The UAE Ministry of Finance consistently introduces a series of new Ministerial Decisions under Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. These decisions have a collective objective of bolstering the regulatory framework governing corporate and business taxation in the UAE. By offering clearer guidelines… Read more

AE deadline for transition to fixed-term employment contracts extended
AE deadline for transition to fixed-term...
January 30, 2023

On 2 February 2022, the Federal Decree-Law No. (33) of 2021 on the Regulation of Employment Relationship (UAE Labour Law) came into force. The UAE Labour Law requires, pursuant to its article 68 (2), that all employers convert any existing employment on an unlimited term contract to a fixed term… Read more