News developments Archives - Page 136 of 224

Qatar International Court and Dispute Resolution Centre Amends Small Claims Regime

04/02/202204/02/2022
by Benjamin Filaferro

The Peninsula, 2 February 2022: Qatar’s International Court and Dispute Resolution Centre has announced it has amended its small claims regime.

The amendments are contained in Practice Direction No. 1/2022 which comes into force on 1 March 2022.

The amendments substantially reduce the time for a judgment to be reached.

The Centre has announced it will allocate small claims worth up to 100,000 Riyals to a specialist small claims track in the First Instance Circuit of the Court.

Filing fees will not be charged and new small claims will be determined on the basis of the papers or virtually via a remote hearing, instead of a physical hearing in Court.

Once a case has been allocated to the small claims track and issued by the Registry, a claimant will have seven days to serve the Claim Form and any supporting documentation on the defendant. Previously they had four months.

In another significant change, the defendant will now have 14 days instead of 28 days to respond.

The aim is to continue streamlining the judicial process for all of the parties.

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Saudi Arabia: Flag Law Amendments Approved

04/02/202204/02/2022
by Benjamin Filaferro

Saudi Gazette, 1 February 2022: Saudi Arabia’s Shoura Council has approved proposed amendments to the national flag, emblem and the national anthem law.

However, their contents will not change.

The proposed changes in the rules governing the green flag, which is emblazoned with a sword and inscribed with Islam’s creed, aim to define the proper uses of the state emblem more clearly.

They also aim to improve awareness about the importance of the flag and anthem and protect the flag from infringements or neglect.

The amendments also specify the penalties which will be imposed on violators.

In addition, they introduce a legislative provision for the protection of the national anthem.

There is a provision to determine the body authorised by law to control violations as well as the competent authority to issue rules over them too and the method of submitting grievances or appeal against verdicts.

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: New Labour Law to Come into Force

02/02/202202/02/2022
by Benjamin Filaferro

Alroeya, 30 January 2022: The UAE’s Human Resources and Emiratisation Ministry has announced the Labour Law, Federal Decree-Law No. 33/2021 on regulating the work relationships will be implemented from 2 February 2022.

The Law was introduced to respond to changes in the labour market. It aims to boost the flexibility and sustainability of the labour market by protecting the rights of employees and employers. It provides various workflows to facilitate businesses, competition and the productivity of the labour market.

For full story, click here.

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

UAE: Corporation Tax on Business Profits on the Way

02/02/202202/02/2022
by Benjamin Filaferro

Gulf News (United Arab Emirates), 31 January 2022: The UAE’s Finance Ministry has announced it is going to introduce a corporation tax on business profits.

It will be levied at 9%.

There will also be a 0% tax rate for taxable profits up to 375,000 AED. This will help small businesses and startups.

It will apply for financial years from 1 June 2023.

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

The shortlists for the LexisNexis Women in Law Awards are in!

01/02/202201/02/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce the shortlists for the first Women in Law Awards in the GCC.

Sponsored by Yungo Legal Consultants, New York University (NYU) Abu Dhabi, Al Tamimi & Company and HFW Middle East, the Women in Law awards celebrate women’s achievements in legal practice in the GCC.

Over 150 women – all legal practitioners or otherwise active in the legal industry in the GCC – entered for an award in 20 different categories of law practice. You can view the shortlisted candidates here.

LexisNexis Middle East thanks all the women who submitted an entry, their participation is what has made these awards a success from the start.

The winners in each category will be announced at a gala dinner and awards ceremony at the Westin Dubai Mina Seyahi Beach Resort and Marina in Dubai on 23 February 2022.

Join us as we celebrate women’s achievements in the GCC! Book your seats or table here.

Oman: Expatriate Employment Contract Registration Deadline Extended

31/01/202231/01/2022
by Benjamin Filaferro

Times of Oman, 27 January 2022: Oman’s Labour Ministry has announced it has extended the registration period for employment contracts of expatriates.

The registration period has been extended to 31 August 2022.

Business owners and institutions have to complete the procedures for registering employment contracts by the deadline.

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: Penalties for Drone Ban Violation Announced

31/01/202231/01/2022
by Benjamin Filaferro

Arab News, 26 January 2022: The UAE’s Public Prosecution have announced the fines which will be imposed on those who violate the ban on drones.

They will be fined at least $27,225 and jailed for between six months and five years.

The ban was announced earlier this week.

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 (Ras al Khaimah): Integrated Resorts Entity to be Established

28/01/202228/01/2022
by Benjamin Filaferro

Khaleej Times (United Arab Emirates), 25 January 2022: Ras al Khaimah’s Tourism Development has announced it is going to establish a new integrated resorts entity.

It will include hotel operations, convention spaces, entertainments, restaurants and lounges, spas and retail and gaming facilities.

The Department of Entertainment and Gaming Regulation will comply with global best practices in gaming regulation which operate as part of integrated resorts across various jurisdictions globally.

It will also consider the Emirate’s social, cultural and environmental landscape. In addition, it will cover licensing, taxation, operational procedures and consumer safeguards.

It will be responsible for creating a robust framework which will ensure responsible gaming at every level.

It will address the entire gaming enterprise in integrated resorts and all the relevant laws and regulations, including financial crime laws are complied with by operators, suppliers and employees.

The regulations will also cover marketing, advertising and financial transactions.

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: New Family Business Ownership Governance Law Approved

26/01/202226/01/2022
by Benjamin Filaferro

Abu Dhabi’s Ruler has approved a new family business ownership governance law.

It is aimed at strengthening the sector’s contribution to the economy and facilitating the transition to successive generations.

It also aims to improve the legislation in this area by adopting a more flexible and sustainable economic model, in line with best governance practices internationally.

In addition, it aims to boost family businesses’ contribution to the diversification and growth of the economy.

It will empower owners of family business to prevent the selling of shares or dividends to individuals or companies outside the family and to get approval from the family partners first before a shareholder sells their respective equity stake to a non-family member.

Owners of family businesses can also issue family-owned shares with weighted voting rights and prevent the pledging of family-owned businesses as encumbered assets, to avoid expropriation.

The current law does not apply to family-owned businesses where non-family members own more than 40% of shares.

The new law are applied to family-owned businesses on an opt-in basis for owners or co-founders by submitting a request to the Economic Development Department.

The Department will issue the Implementing and administrative regulations to the new law from March 2022.

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/.

Meet the Sponsors of the LexisNexis Women in Law Awards!

26/01/202209/02/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce the sponsors of the first LexisNexis Women in Law Awards being held on 23 February 2022.

We are proud to have Yungo Legal Consultants as Bronze Sponsor, and New York University (NYU) Abu Dhabi, Al Tamimi & Company, HFW Middle East and DLA Piper as Award Sponsors of this event.

The Women in Law Awards aim to celebrate women’s accomplishments and innovation in the legal field in the Middle East region. The Awards also set out to recognise the organisations that promote women and gender equality in their teams.

With percentages of women in partner’s position in international firms in the Middle East being as low as 0% in some instances, equity and equality are far from being achieved in the region. It takes great strength, resilience and sacrifice for women to become leaders in the international law arena. We should take every opportunity to celebrate women’s achievements in the industry. Yungo Legal is proud to sponsor Women in Law Awards and celebrate every one of you.
Clotilde Iaia Polak (LLM Law), Managing Partner, Yungo Legal Consultants (Bronze Sponsor)

We hope you will join us for this amazing event on 23 February 2022 at the Westin Dubai Mina Seyahi Beach Resort & Marina, UAE. For more information, visit: https://www.lexisnexis-womeninlaw.com/.