2024 - Page 43 of 43 - LexisNexis Middle East

Bahrain: Central Bank Launches Financial Market Infrastructures and Payment Oversight Framework

10/01/202410/01/2024
by Tanya Jain

Bahrain’s Central Bank has launched a Financial Market Infrastructures or FMIs and Payment Oversight Framework.

The Framework outlines the key roles, objectives, expectations, powers, standards, approach and tools of the oversight function.

It has been launched to respond to developments that have affected the financial sector.

It has also been launched to strengthen the legal basis of protecting settlement finality and netting arrangements.

In addition, it has been launched to identify FMIs that should be overseen by the Central Bank.

It was developed by the Bank’s FMIs and Payment Oversight division. The oversight function is defined by the Principles for Financial Market Infrastructures by the Committee on Payment and Settlement Systems. Its main aim is to ensure financial stability by mitigating and lowering systemic risk and presenting core principles for effective banking supervision.

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News developments

French Legal Tech startup Jarvis Joins LexisNexis to Advance Law Practice Management

09/01/202409/01/2024
by Tanya Jain

LexisNexis acquires French startup Jarvis. This strategic acquisition cements LexisNexis’ position as a key innovator serving legal professionals.

Paris, January 8, 2024 – Jarvis has developed a collaborative SaaS platform that simplifies and automates cumbersome tasks for law firms. It includes matter management automated drafting of letters, court hearing tracking, deadline and client follow-up, and automated invoicing. This solution is available in several languages and handles different currencies and tax systems.

By acquiring Jarvis, LexisNexis augments its range of solutions with a law practice management platform. Jarvis will be marketed in Continental Europe, Middle East and Africa (CEMEA), optimizing workflows and productivity.

“Jarvis has engineered a solution that leverages technology to support law firm management. This strategic acquisition further demonstrates our commitment to delivering innovative solutions that empower legal professionals daily. Jarvis’ expertise in legal workflow solutions complements our offering” said Eric Bonnet-Maes, CEO of LexisNexis CEMEA.

Jarvis Legal Founder and CEO Alexandre Yérémian added: “Joining LexisNexis will accelerate our international rollout and ability to deliver increasingly innovative solutions to customers. We eagerly anticipate contributing to the ongoing advancement of legal technology with LexisNexis.”

This acquisition is part of LexisNexis’ strategy to facilitate decision-making, ensure legal security, and enhance productivity for legal professionals.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.