BAHRAIN Law and Practice Contributed by: David Walker, Simone Del Nevo, Sherif Saadeldin and Rahul Sud, ASAR – Al Ruwayeh & Partners
10.3 “Broken-Deal” Disputes As far as is known, there have been no recent disputes between parties with transactions pending. 11. Activism 11.1 Shareholder Activism There is no significant shareholder activism in Bahrain. 11.2 Aims of Activists Activists do not appear to seek to encourage companies to enter into M&A transactions. 11.3 Interference With Completion As far as is known, there are no cases where shareholders have sought to stop the progress of announced transactions.
tions. This duty is not “new” as it stems from the general fiduciary duties of the directors. 9.5 Directors’ Ability to “Just Say No” The board can refuse to engage in discussion with a would-be bidder, but the latter could still seek to acquire control by launching a voluntary offer. In this case, the board could recommend the shareholders not to accept the offer, but the ultimate decision would rest with the sharehold - ers. 10. Litigation 10.1 Frequency of Litigation Litigation in the field of M&A is generally rare in Bahrain. 10.2 Stage of Deal Lawsuits can occur at any time, both prior to closing and post-closing.
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