Legal Newswire – Clyde & Co has advised Speedcar International Limited in relation to the soon-to-be-launched SPEEDCAR Series, a new motor racing series featuring globally renowned drivers, an audience of billions and millions of dollars in prize money.
Featuring 24 drivers competing in identical V8 620bhp stock cars, deliberately lacking electronic driver aids the series promises close and electrifying racing, and thrilling viewing for both TV and trackside spectators alike.
The SPEEDCAR Series was conceived and is set to fill a niche in the regional motor racing industry, taking place over eight weekends in winter and spanning the Middle East, Asia and Australasia.
Clyde & Co worked with the Speedcar team on a number of matters including commercial contracts, trade marks, sponsorship and exploitation of intellectual property. Clyde & Co also advised on matters relating to the relationship between Speedcar and GP2 Asia, Speedcar’s co-partner in the Grand Racing Series.
The SPEEDCAR Series will form part of the Grand Racing events featuring high profile 2-day race meetings in partnership with GP2 Asia. The series also has formal tie-ins with Formula 1 in Bahrain and Malaysia.
The core Clyde & Co team advising Speedcar included Rob Deans (intellectual property), Zaid Gardner and Miriam McGregor (technology, media & commercial licensing) and Dubai based commercial partner Anthony Garrod.
Rola Madi, Director, Legal at Union Properties and Speedcar, has been working on the development of the series for the best part of a year. “It’s extremely gratifying to have a project such as the SPEEDCAR series come together. All our advisors have contributed to the progress to date and we’re looking forward to working in the future with Rob and the Clyde & Co team as the series starts and things really take off.”
Rob Deans commented “We’re thrilled to have been involved in this cutting edge and world class series which heralds in a new era for motor racing in the region. The effort, enthusiasm and ability that Rola Madi and rest of the Speedcar team have displayed in pulling the series together has been phenomenal, it has involved a complex series of specialist transactions within a rapid execution timeframe. It’s a great sign for the sport that the team pulling it all together displays such passion and drive.”
Exhibition events for the Speedcar Series recently took place in November at the Bahrain International Circuit and at the Motorcity Dubai Motorsport Festival. The first race of the SPEEDCAR Series takes place at the Dubai Autodrome on 25-26 January 2008.
More information about the SPEEDCAR Series
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Notes to editors:
Clyde & Co:
Middle East: Clyde & Co is the largest international law firm in the GCC with over 100 specialist lawyers and paralegals in offices in Dubai and Abu Dhabi in the UAE, and in Doha, Qatar.
The firm, which has been ranked as the top law firm in the UAE for the third successive year by the international legal directory ‘Legal 500’, is one of the few law firms in the region with a ‘full service’ capability and has particular strengths in aerospace, banking & finance, cross-border trade & investment, intellectual property, international arbitration, trade disputes, mergers & acquisitions, corporate & commercial law, shipping, insurance, media & telecommunications, energy, capital markets, real estate & construction, and technology.
Asian Counsel Magazine has this year named Clyde & Co ‘Firm of the Year for both Real Estate and for Litigation in the UAE. The firm also has overall top ranked for the UAE by the PLC Which Lawyer directory, is listed as having more leading lawyers in the UAE than any other firm by Chambers Global 2008 and was recently named as runner up in the 2007 Chambers Global Firm of the Year Awards for the Middle East.
International offices: Clyde & Co is a leading international law firm with over 1,100 employees worldwide. The firm has offices in Abu Dhabi, Caracas, Doha, Dubai, Guildford, Hong Kong, London, Los Angeles, Moscow, Nantes, New York, Paris, Piraeus, Rio De Janeiro, Shanghai and Singapore and associate offices in Belgrade and St Petersburg. The firm also has an exclusive co-operation agreement with a major law office in Iraq.
For further information about Clyde & Co in the Middle East please contact
Clinton Swan – Business Development & Marketing Manager (Middle East Region)
Clyde & Co
Tel: +971 4 331 1102
For further international information about Clyde & Co please contact
Lisa Mercer – Head of Communications, London
Clyde & Co
Tel: +44 (0)20 7648 1981