Latham & Watkins and the Law Office of Salman M. Al-Sudairi have advised STV, the largest venture capital fund in the Middle East & North Africa (MENA), on the development of an innovative, open-sourced Standard Term Sheet launched by STV and the Saudi Venture Capital and Private Equity Association (VCPEA). Inspired by the National Venture Capital Association’s (NVCA) in the United States, the Term Sheet was developed by STV and open-sourced to the Saudi VCPE Association to make available to any entrepreneur in the MENA region. The Term Sheet includes the most important and commonly used terms applicable to several jurisdictions across MENA’s legislative environment, and is designed to serve as a starting point for fundraising negotiations, reducing the time and cost incurred by entrepreneurs. The Latham & Watkins team was led by Eyad Latif, with associate Omar Maayeh. The Law Office of Salman M. Al-Sudairi team was led by Salman Al-Sudairi.

Source: The North Africa Journal January 17, 2022 21:15 UTC