Jody Waugh

The 2025 Healthcare Odyssey

Welcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.

In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.

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Biography

Jody is the Managing Partner of Al Tamimi and also Head of Banking & Finance across the MENA region. He brings over 17 years of experience practicing in the Middle East. Jody has extensive expertise in advising regulators, banks, finance companies, investment banks, and other financial institutions on a wide range of banking and finance matters. He maintains a strong client roster featuring a number of major international banks as well as some of the region’s leading banks and financial institutions and regularly advises borrowers on corporate and property development financing transactions.

Jody is ranked across all leading legal directories confirming he is a respected practitioner, Legal 500 describes him as ‘technically excellent and diligent’.

His areas of expertise include:

Islamic finance
Bi-lateral and syndicated lending transactions
Project finance
Security documents and structures
Property and asset financing
Product documentation (Islamic and conventional)
Trade finance
Restructuring and insolvency
Regulatory

He is also an active member of the International Bar Association Banking Law Committee together with serving on the INSOL Editorial Board.

Recent Experience

Advising the lenders in relation to a AED 1.2bn Islamic (Istisna and Forward Ijara) financing for construction of sixteen residential projects in Dubai
Advising the lenders on the Sweihan solar power plant in Abu Dhabi
Advising the lenders on the DEWA solar power plant in Dubai, and the DEWA Hassyan coal power plant also in Dubai
Advising HSBC on its redomicile into the Dubai International Financial Centre
Advising Citibank UAE on the sale of its prepaid card business to Wirecard