News developments Archives - Page 149 of 228

Turkey: Paris Climate Agreement Ratified

10/10/202110/10/2021
by Benjamin Filaferro

Hurriyet Daily News, 7 October 2021: Turkey’s Parliament has ratified the Paris Climate Agreement.

It was referred to the Parliament last month.

It was unanimously approved yesterday.

The relevant legislation has been published in the Official Gazette and it came into force on its published date.

They become the last G20 country to ratify it.

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: Federal Authority for Identity and Citizenship to be Merged with Federal Customs Authority

06/10/202106/10/2021
by Benjamin Filaferro

Gulf News (United Arab Emirates), 6 October 2021: The UAE’s President has issued a decree to merge the Federal Authority for Identity and Citizenship with the Federal Customs Authority and the General Authority for Ports, Borders and Free Zones Security.

The merged entity will be called the Federal Authority for Identity, Citizenship, Customs and Ports Security.

They will be responsible for regulating citizenship, passports, entry and residence of foreigners in the country, promoting ports, borders and free zones’ security, raising their efficiency and readiness.

They will also be responsible for organising and managing customs work in the country in line with global standards.

In addition, they will be responsible for proposing and preparing policies, strategies and legislation related to identity and citizenship affairs, passports, entry and residence of foreigners, customs and port security along with proceeding with the relevant Cabinet approvals.

They will also be responsible for establishing, developing and updating the population registry and personal data system in the country and managing it in line with the best practices. They will be responsible for setting up systems, programmes and procedures to ensure identity cards are issued to all citizens and residents in the country as well.

Additional reporting from Khaleej Times (United Arab Emirates) on 6 October 2021.

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: Final Restructuring Order Issued in Algosaibi Case

06/10/202106/10/2021
by Benjamin Filaferro

Arab News, 3 October 2021: The Dammam commercial court has issued a final restructuring order in the Algosaibi case.

The order concludes the largest family debt case in Saudi Arabian history and is the first case to apply the country’s Bankruptcy Law.

The Group along with Saad Group defaulted on approximately $22 billion in 2009.

The final orders will now be uploaded to the online judicial or Najiz portal.

It will lift restrictions on the group’s assets and terms of the proposal can be fulfilled.

However, no timeframe for completion was given.

A regulated fund to manage real estate carefully and maximise recoveries from it has been established. It will be owned by creditors, so the title in the assets will transfer to creditors quickly.

Under the settlement, the creditors are expected to receive about 26 cents on the Dollar for debt claims amounting to 27.5 billion Riyals.

The settlement assets include over SR800 million in cash, a portfolio of publicly traded shares worth about SR3.7 billion, and real estate assets in Saudi Arabia.

The company will retain its core operating assets.

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: Attorney General Launches New Prosecution Categories

03/10/202103/10/2021
by Benjamin Filaferro

Saudi Gazette, 30 September 2021: Saudi Arabia’s Attorney General has confirmed a number of new prosecution areas that have been added for the first time to the existing public prosecution system.

The Public Prosecution Council has approved these prosecutions that include the Cassation Prosecution, the Appeals Prosecution, and the Ethics Prosecution.

The new names of the branches and departments of the Public Prosecution after their renaming have been announced.

They include Traffic Prosecution, Environment Prosecution, Trafficking in Persons Prosecution, Cybercrimes Prosecution, Public Ethics Prosecution, Funds Prosecution, Family and Juvenile Prosecution, Drugs Prosecution, Economic Crimes Prosecution, Crimes Against Public Trust Prosecution, National Security Prosecution, Assault on Persons Prosecution, International Cooperation Prosecution, Public Prosecution, Prison Oversight Prosecution, and Inspection Prosecution.

To read more, 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/.

Qatar: Draft Amendment to Anti-Money Laundering Law Approved

03/10/202103/10/2021
by Benjamin Filaferro

The Peninsula, 30 September 2021: The Qatari Cabinet has met with the Prime Minister and Minister of Interior and given its approval to a draft law which amends some provisions of the Anti-Money Laundering and Terrorist Financing Law Qatar Law No. 20/2019.

It has also approved a draft Cabinet decision which will amend some provisions of the executive regulations of the Anti-Money Laundering and Terrorist Financing Law, issued by Cabinet Resolution No. 41/2019.

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: Special Judicial Department Established to Consider Money Laundering Cases

03/10/202103/10/2021
by Benjamin Filaferro

Alabayan, 21 September 2021: The Chief of the Court of Appeal has revealed that a special judicial department has been established to consider the cases involving money laundering.

The new department consists of three judges and will work once a week according to the chief. The chief has said that the establishment of the department came as part of the national strategy for combating money laundering crimes. He has added it will enable related cases to be considered efficiently and quickly. The aim is to achieve judicial excellence and enhance integrity and transparency in economic activities.

For full story see: https://www.albayan.ae/uae/news/2021-09-29-1.4257428

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: Ministry of Justice digitises 50m title deeds

30/09/202130/09/2021
by Benjamin Filaferro

Arab News, 29 September 2021: The Saudi Ministry of Justice has digitised more than 50 million title deeds as part of the Real Estate Wealth Digitisation Initiative.

The service was launched as part of the ministry’s National Transformation Program 2020 initiatives. It is hoped the digitisation project will enhance property services and simplify property management procedures through the availability of central digitisation facilities. The digitisation process starts at the courts and notary public offices where documents are accounted for and compiled. The data is then entered and audited. Later documents are processed for transfer to the central digitisation facility for processes including restoration, photography, archiving, auditing and quality review.

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: Consultation on Proposed Amendments to Implementing Regulations to VAT Law Launched

29/09/202129/09/2021
by Benjamin Filaferro

Al Madina, 27 September 2021: Saudi Arabia’s General Authority of Zakat and Tax has announced it has launched a consultation on proposed amendments to the Implementing Regulations to the VAT Law.

If approved, taxpayers will be able to assign a third party to issue tax bills on their behalf.

Taxpayers should also issue a tax bill for goods supplies and services they provide to another person or to a legal one.

In addition, the tax bill should be issued according to the date of supply.

For 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: Region’s First Smart Court to be Launched

28/09/202128/09/2021
by Benjamin Filaferro

Alroeya, 26 September 2021: The Jebel Ali Free Zone and Dubai Courts have announced they have launched the region’s first smart court.

It will consider the cases related to labour disputes for companies registered in the Free Zone.

The parties to a dispute will be able to attend a virtual court which will be connected with the Dubai Courts.

The smart court will create an environment similar to the classical courts with more integrated services. Almost 8,500 companies from 140 countries will benefit from the court’s services.

The aim of launching the smart court is to create a flexible judicial environment which will protect employee’s rights in the free zone and help improve judicial proceedings.

For 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/.

Turkey: Paris Climate Agreement to be Submitted to Parliament Next Month

26/09/202126/09/2021
by Benjamin Filaferro

Hurriyet Daily News, 22 September 2021: Turkey’s President has announced the Government will submit the Paris Climate Agreement to Parliament next month.

The Government want to ratify the Agreement before the UN Climate Change Conference in Glasgow in November.

Turkey signed the Agreement in April 2016. However, they have been lobbying to be classed as a developing rather than developed country.

This would mean they wouldn’t have to cut their emissions as dramatically.

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/.