Lawyers in Dubai fear a second wave of the coronavirus outbreak. 'There's Distress On the Surface': UAE Lawyers Are Bracing For a Second Wave
As the peace deal with Israel and a small real estate uptick contrast with fears over trade and employment, lawyers talk about how they're facing major challenges.
October 08, 2020 at 07:00 PM
6 minute read
Worrying signs that coronavirus infections in the United Arab Emirates are once again rising in a possible 'second wave' could blight the trade, tourism and real estate recovery Dubai was hoping would re-incentivize its economy. A worry for local lawyers.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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