November Special Edition 2021

13 “Although in many respects the cultures of the UAE and Israel are an excellent fit, the business culture in the Gulf region involves a very careful, deliberate investment decision processes that is consensus oriented. That means that it takes time for things to cook,” clarifies Greenberg Traurig’s Shabot. Lustman of DLA adds : “It’s been quite straight forward, as the UAE has a lot of expat-trained lawyers, who come with similar training and style of practice. And they have been super helpful in educating on the culture and local nuances of practice.” Nonetheless, the enthusiasm remains extremely high. As BCLP’s Morris adds: “I still have to pinch myself when I see deals being signed between Israel and Emirati companies because this was virtually inconceivable until last year. It is wonderful for us as lawyers to have a ringside seat on the action!”