Business families in the Gulf need modern laws of inheritance
As businesses expand, disputes over succession may be getting more common—and more bitter
“I love you, but you are not serious people,” says Logan Roy, the fictitious media mogul, to his feuding, grasping children in the TV series “Succession”. The same may be said by many an anguished tycoon in the Gulf as he struggles to arrange a harmonious handover to the next generation. The current laws are often either non-existent or inadequate for dealing with increasingly complex business structures when the great man dies. Some Gulf governments are beginning to enact laws to settle such family matters harmoniously.
This article appeared in the Middle East & Africa section of the print edition under the headline “Make it clearer”
From the June 3rd 2023 edition
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