Q&A ANSWERS POSTED HERE - http://www.yallastartup.org/blog/2010/05/04/how-to-keeping-it-legal-with-aymen-almoayed/

“Ask the Expert” is part of an ongoing series of Q&A sessions with industry experts where you, our readers, are given the opportunity to have your questions answered.

You been asking and we’ve been listening and now you’ve got it. It is with great pleasure that we have MENA legal expert, Aymen Almoayed, on deck to answer your legal questions. He is on the ground and has seen it all. Now it is up to you to ask him the hard questions.

The way this will work is you ask questions and we’ll pick the top 3-5 topics for Aymen to answer in a future blog post. Question collection will start today and will be open for one week.

Here is how you can ask your questions:

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About Aymen Almoayed

Aymen Almoayed is a Bahrain-based legal consultant and corporate strategist operating through a number of vehicles including Althukair & Almoayed – Litigators and Counsels where he is a founding partner. His work in the field of law throughout the Gulf Cooperative Council of Arab States (“GCC”) has primarily been in the facilitation of developing corporate opportunity. He has been retained in the past eight years to lead cross-boarder acquisitions, negotiate mergers, analyse and deduce the best sources of liquidity, issue corporate bonds, restructure organizations, liquidate operations and list corporate vehicles.

From another prospective, Aymen has been appointed as both trustee and independent director in a number of regional operations. The exposure, plus his experience as the founder of over 5 successful companies, has allowed him to better appreciate the intricacies of international business and more importantly regional opportunities. Such expertise is continually placed to good use while analysing commercial opportunities at the Board level or as objective legal counsel.

Aymen is a graduate of both the University of Kent and the University of Cambridge. He was a granted Bachelors Degree in Law and the Masters in Business Administration respectively.

asked Apr 06 '10 at 12:26

Sami%20Shalabi's gravatar image

Sami Shalabi ♦♦
48012

edited May 04 '10 at 11:40


ما الفرق بين "رأس المال" (المبلغ المسجل ضمن الوثائق القانونية لتأسيس الشركة) و"قيمة الشركة"، قبل مرحلة تمويلية معينة (لنقل مثلا التقدير الأولي Pre-money valuation)؟

حسب فهمي الشخصي ثمة فرق. لكني اليوم في اجتماع مع محام، علمت منه أن قيمة الشركات ذات المسؤولية المحدودة في المغرب، هي نفسها قيمة المبلغ الذي سجلت به كرأس مال. وهي قيمة لا تتغير بحجم المداخيل. فلو تم تأسيس شركة ذات مسؤولية محدودة وحدد لها مبلغ ألف دولار، فسيكون ذلك المبلغ هو قيمتها. ولو جاء مستثمر وأراد الدخول في تمويل الشركة، فإن تقييمه الوحيد الممكن سيكون هو ألف دولار. على الأقل هذا ما يعرفه المحامي الآن، وقد طلبت منه البحث أكثر في موضوع الاستثمارات.

أو ربما الأمر يختلف من دولة إلى أخرى، وهذا يقودني إلى السؤال الموالي:

نظام الاستثمار المخاطر (Venture Capital) ظهر بداية في أمريكا، وتطور كثيرا هناك. في حين لم ينتقل هذا النموذج الاستثماري إلى كل الدول، ولا بنفس الشكل. ما هي الدول العربية التي تتوفر ترسانتها القانونية على أنظمة التمويل المخاطر القريبة من النظام الأمريكي؟ وهل تعرف تفاصيل معينة عن نظام (قانون) استثمار رؤوس الأموال المخاطرة في الشركات الناشئة في المغرب؟

answered Apr 16 '10 at 19:34

Mohammed%20SAHLI's gravatar image

Mohammed SAHLI ♦
10811116

edited Apr 16 '10 at 23:10

Many thanks to Aymend for taking part of Ask The Expert series,

My question: What's the best legal set up for a company to operate in the Middle East, knowing that the company would seek investors, issue equity (preferred and common or their equivalent), option pool ... Does a BVI setup (British Virgin Island) make the most the sense ?

answered Apr 06 '10 at 22:45

Habib%20Haddad's gravatar image

Habib Haddad ♦♦
9471312

Habib, I rated your question down so my question goes up :) Sorry !

(Apr 07 '10 at 05:07) عماد المسعودي %D8%B9%D9%85%D8%A7%D8%AF%20%D8%A7%D9%84%D9%85%D8%B3%D8%B9%D9%88%D8%AF%D9%8A's gravatar image

Ok I forgive you :) but you made me loose a point !!! I will get back at you somehow :P

(Apr 07 '10 at 18:17) Habib Haddad ♦♦ Habib%20Haddad's gravatar image

Perfect timing, I really need an answer for this this question:

We are trying to setup our startup as a corporation, but at this point we consist of a Founder and a very tiny team, with the business being financed (bootstrapped) by the Founder who owns a majority stake in the business.

One of the things that confused us is who should constitute our board of directors? The Founder will be one of them, but we have no investors at this point, and we cannot afford experts as directors because its just too soon for us.

Can the board of directors be a one man show in our early days, because we have no time for formalities and meetings as we are busy structuring our business and developing our product.

Please let me know what do you think..

answered Apr 07 '10 at 05:05

%D8%B9%D9%85%D8%A7%D8%AF%20%D8%A7%D9%84%D9%85%D8%B3%D8%B9%D9%88%D8%AF%D9%8A's gravatar image

عماد المسعودي
1495

I am starting out and some friends and family want to give me money. However, I do not want to anything too complicated. My "investors" want something on paper and I am totally lost. I hear about convertible debt. What do you recommend I do?

answered Apr 08 '10 at 11:43

Amir%20S's gravatar image

Amir S
251313

How does stock vesting work for founders and employees?

answered Apr 08 '10 at 11:46

Maya's gravatar image

Maya
7318

What are common pitfalls that you have seen people do legally and do you have suggestions for how they can be avoided?

answered Apr 08 '10 at 11:48

Sami%20Shalabi's gravatar image

Sami Shalabi ♦♦
48012

If you are an angel investor, which corporate structures are investor friendly? In the US, we typically do convertible debt or preferred stock in a c-corp. Are those viable options in the MENA?

answered Apr 08 '10 at 11:52

Sami%20Shalabi's gravatar image

Sami Shalabi ♦♦
48012

What set ups allow you to issue option pools ? What about vesting schedule ? I think in Lebanon you can't really have a traditional "vesting schedule" ...

answered Apr 09 '10 at 23:42

Habib%20Haddad's gravatar image

Habib Haddad ♦♦
9471312

When are we going to get some answers :)

answered Apr 15 '10 at 07:57

%D8%B9%D9%85%D8%A7%D8%AF%20%D8%A7%D9%84%D9%85%D8%B3%D8%B9%D9%88%D8%AF%D9%8A's gravatar image

عماد المسعودي
1495

Very soon ... Giving one last chance for others to ask their questions :)

(Apr 16 '10 at 01:43) Habib Haddad ♦♦ Habib%20Haddad's gravatar image

The outer silicone shell of the Defender fits perfectly and stays in place on your iPhone. The volume controls and sleep switch are covered, but still work well. The headphone jack and 30-pin connector port have flaps covering them, keeping unwanted dust out. The flaps can be a bit tricky to get in place, but once there they stay put. The mute switch is uncovered, but even with the thickness of the case, you can still use the switch easily. Like all silicone cases, dust tends to stick to it, but wipes off easily.otterbox defender iphone 4s

answered Apr 26 at 02:59

tapabuy's gravatar image

tapabuy
1

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question asked: Apr 06 '10 at 12:26

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