News developments Archives - Page 108 of 224

Abu Dhabi: Campaign Launched to Raise Awareness of Rights for Labour Camp Workers

21/12/202221/12/2022
by Benjamin Filaferro

WAM, 19 December 2022: The Abu Dhabi Judicial Department has launched an awareness campaign to help inform workers in labour camps of their rights and duties under the provisions of Federal Decree-Law No. 33/2021 on the regulation of labour.

The campaign aims to shed light on the provisions of the law and the scope of its application, raising the legal awareness of a large segment of workers.

For the full story, click here.

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/.

Egypt: Parliament Approves Unified Tax Law

20/12/202220/12/2022
by Benjamin Filaferro

Youm7, 18 December 2022: The Egyptian House of Representatives has approved a draft law to amend provisions of the Unified Tax Procedures Law relating to the implementation of the provisions of the international tax agreements to which Egypt is a party.

The draft law allows foreign countries to verify the commercial transactions of its nationals to confront tax evasion, giving Egypt the right to reciprocate with 172 countries that have joined those international tax agreements.

For the full story, click here.

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/.

Abu Dhabi: Abdu Dhabi Business Hub expands services

19/12/202219/12/2022
by Benjamin Filaferro

Emaratalyoum, 15 December 2022: Abu Dhabi Business Hub has announced it will expand its services for entrepreneurs and micro, small, and medium enterprises to include online educational programmes.

The Abu Dhabi Business Hub is a joint public/private venture offering an interactive platform to support and guide entrepreneurs and businesses.

The platform has also improved user, supervisor, and partners experience in line with best commercial practices.

For the full story, click here.

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/.

Saudi Arabia: Regulations Require Private Schools to Teach Saudi History

15/12/202215/12/2022
by Benjamin Filaferro

Okaz, 11 December 2022: The Saudi education sector has put forward draft regulations for regulating private education, which include a requirement for schools teaching a foreign curriculum to contain material about the history and geography of Saudi Arabia.

Under the regulations, teachers in these private schools must obtain a valid teaching licence from the Education and Training Authority.

Private schools are also required to teach national identity.

For the full story, click here.

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/.

LexisNexis Hosts the 5th Oman Business Law Forum Conference in Muscat, Oman!

15/12/202221/12/2022
by Benjamin Filaferro

Thank you to everyone who participated in the Oman Business Law Forum 2022 – 5th Edition on 12 December 2022!

LexisNexis Middle East, in collaboration with the Omani Lawyers Association and Omani British Lawyers Association, is pleased to have hosted the 5th Oman Business Law Forum in Muscat, Oman on 12 December 2022.

The conference covered Oman’s latest legal developments and trends and gathered leading professionals from the Omani legal and business community. The following topics were covered over two sessions:

The New Code of Ethics for the Legal Profession
New Data Protection Law
Bankruptcy Law
Oman Cyber & Data: Security; Breach; Insurance and the Law
Arbitration Update

Special thanks to our incredible speakers and moderators:

Ali Al Rasdhi – Partner, Head of Dispute Resolution Practice and Head of Maritime Law Practice, S & A Law Firm
Vincent Slingerland – Deputy Head of Sales, LexisNexis Middle East
Kerem Alev – Senior Associate, S & A Law Firm
Wafa Al-Shuaibi – Senior Associate, Dentons
Thomas Wigley – Resident Managing Partner, Trowers & Hamlins
Jamie Kellick – Partner, Nasser Al Shamli, Advocates & Legal Consultants in association with Kennedys
Edward Butler – Partner, Hamad Al Sharji Peter Mansour & Co

Thank you to our partners and sponsors for your support:

Omani Lawyers Association – Partner
Omani British Lawyers Association – Partner
Trowers & Hamlins – Silver Sponsor
S & A Law Firm – Silver Sponsor

Lastly, thank you to all attendees for making the conference a success. We look forward to welcoming you in 2023 for the 6th Oman Business Law Forum!

Abu Dhabi: FSRA Seeks Views on the Introduction of Private Credit Funds

14/12/202214/12/2022
by Benjamin Filaferro

12 December 2022: The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper seeking views from fund managers and investors on introducing private credit funds within the FSRA’s collective investment funds regulatory regime.

The aim of the private credit funds – collective investment funds that originate loans to borrowers, purchase existing loans from third-party lenders, or invest in a combination of the preceding – is to increase the fund options in ADGM and attract start-ups and SMEs.

The funds will only be offered to professional clients as either qualified investor funds or exempt funds.
Further information is available on the ADGM website.

For the full story, click here.

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/.

Dubai: DIFC Seeks Views on Proposed Legislation on Family Arrangements

13/12/202213/12/2022
by Benjamin Filaferro

12 December 2022: The Dubai International Financial Centre (DIFC) has launched a consultation seeking views on its proposed new Family Arrangements Regulations, which, alongside the recently launched Family Wealth Centre, aim to provide a regulatory framework and hub for global and regional family-owned businesses, ultra-high net worth individuals and private wealth.

The key aspects of the proposed regulations are: comprehensive provision for the engagement of family businesses with the DIFC; repeal of the Single-Family Office Regulations and the DIFC’s Single Family Office regime and their replacement by a new Family Office regime that can provide services to a family or more than one family in certain circumstances; the establishment of certification and accreditation regimes for family businesses and their advisors in the DIFC.

The DIFC has also proposed amendments to the Leasing Regulations in a separate consultation paper.

For the full story, click here.

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/.

Kuwait: Draft Law Calls on Government to Purchase Kuwaiti Citizens’ Loans

12/12/202212/12/2022
by Benjamin Filaferro

Kuwait Times, 7 December 2022: The Kuwaiti National Assembly’s Legal and legislative committee has approved a draft law calling on the government to purchase consumer and personal loans of Kuwaiti citizens to help them cope with the sharp rise in prices of goods and the high inflation rate.

The bill proposes the government purchase the loans by deducting the cost-of-living allowance paid every month by an amount not exceeding 120 Dinars a month.

Citizens who will not benefit from the proposed legislation will continue to receive their cost-of-living allowance as usual.

For the full story, click here.

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/.

UAE: Corporate Tax Law Issued

09/12/202209/12/2022
by Benjamin Filaferro

9 December 2022: The UAE Corporate Tax Law, Federal Decree-Law No. 47/2022 has been issued on the UAE Ministry of Finance website.

The Corporate Tax Law provides the legislative basis for introducing and implementing a Federal Corporate Tax in the UAE. It will be effective for financial years starting on or after 1 June 2023.

The introduction of the Corporate Tax Law intends to support the UAE in achieving its strategic objectives and accelerate its development and transformation.

For the full story, click here.

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/.

LexisNexis Hosts the 3rd Dubai Edition of the Developments in International Arbitration Seminar!

08/12/202213/12/2022
by Benjamin Filaferro

In partnership with SOL International Ltd, LexisNexis was pleased to host the 3rd Dubai edition of the Developments in International Arbitration seminar in Dubai, UAE on 29 November 2022.

Special guest speaker Gary Born, one of the world’s pre-eminent experts on international commercial arbitration and international litigation, provided his valuable knowledge and insight on the recent changes in international arbitration and the latest developments in arbitration in the UAE and broader Middle East region.

The seminar kicked off with a welcome address by Sarah Haddadi (LexisNexis Middle East). It was followed by a panel discussion, where Gary Born (Wilmer Cutler Pickering Hale and Dorr LLP), Anne Hoffmann, Hasan Arab (Al Tamimi & Company) and Fatima Balfaqeeh (RKAH Consultancy Firm) discussed the recent changes in international arbitration, anticipated developments in arbitration in the Middle East over the next five years, and what changes need to be made to ensure credibility in the region.

Finally, we had an interesting Q&A session with enthusiastic participation from the audience.

Thank you to all participants, specifically our speakers, for making this event a success!