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Egypt: New Draft Labour Law Bans Employment Contracts Being Ended Because of Sickness

Egypt: New Draft Labour Law Bans Employment Contracts Being Ended Because of Sickness

  • 31/10/202106/06/2023
  • by Benjamin Filaferro

Youm7, 28 October 2021: The Egyptian authorities have announced the new draft Labour Law bans the ending of employment contracts because of an employee’s sickness.

Article 146 of the draft law states the employer cannot terminate the employee’s contract because of the employee’s illness, unless they have exhausted their sick leave and the remainder of accrued annual leave.

This will not affect their rights under the Social Insurance Law.

The employer will notify the employee of their intent to terminate the contract before fifteen days have passed from the date of the employee’s exhaustion of their vacations.

Under Article 147, the employer may terminate the employment contract, even if it is for a limited period, or concluded to complete a specific work, if the employee is sentenced, by a final judgment, to a felony or a freedom-restricting penalty for a crime affecting honour or trust, unless the court orders a stay of execution of the penalty. 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.

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Oman: Amphibious Aircraft Approved

Oman: Amphibious Aircraft Approved

  • 31/10/202131/10/2021
  • by Benjamin Filaferro

Times of Oman, 26 October 2021: Oman’s Civil Aviation Authority has announced amphibious aircraft can establish themselves and operate in the Sultanate.

They will be used by Musandam Airlines and Unified Power for Investments companies.

Investors wanting to establish and operate amphibious aircraft should submit their applications including, among other requirements, a detailed offer which should be attached to the application. This should include an economic feasibility study, the company’s business plan and evidence of financial ability. Additional reporting from Atheer on 26 October 2021. 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/.

Saudi Arabia: Correction Period for Building Code Violation Announced

Saudi Arabia: Correction Period for Building Code Violation Announced

  • 31/10/202131/10/2021
  • by Benjamin Filaferro

Okaz, 26 October 2021: Saudi Arabia’s Commerce Minister has announced an amendment to the regulation for classifying violations of the Saudi Building Code has been approved.

The Code started to be implemented recently.

Violators will have 90 days to undo the violation. After this they will be fined up to 10,000 Riyals among other penalties.

Violations include issuing an occupancy certificate for a building despite the presence of serious construction violations. The supervising office will be fined 7,500 Riyals in this case. Another violation includes assigning the supervising engineering office or the contractor executing their tasks, or part of them, to an individual who is not qualified in the relevant specialist field.

The supervising office will be fined 2,000 Riyals and the contractor will be fined 4,000 Riyals.

For full story see https://www.okaz.com.sa/news/local/2086247.

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: Draft Personal Status Law to be Published

Saudi Arabia: Draft Personal Status Law to be Published

  • 27/10/202127/10/2021
  • by Benjamin Filaferro

Arab News, 25 October 2021: Saudi Arabia’s Justice Ministry has announced it is going to publish a draft of the Personal Status Law.

The Justice Minister made the announcement at the Saudi Family Forum 2021.

The legislation will be published as part of Vision 2030.

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 Financial Services Authority Approves Investment Tokens Regulations

Dubai Financial Services Authority Approves Investment Tokens Regulations

  • 27/10/202127/10/2021
  • by Benjamin Filaferro

Dubai’s Financial Services Authority has announced it has approved Investment Tokens Regulations.

They have been approved following a consultation which was launched earlier this year.

It marks the completion of the first phase of the Authority’s Digital Assets regime.

It defines an Investment Token as a Security Token or a Derivative Token.

These include a Security or Derivative in the form of a cryptographically secured digital representation of rights and obligations which is issued, transferred and stored using Distributed Ledger Technology or DLT or other similar technology.

It also includes a cryptographically secured digital representation of rights and obligations which is issued, transferred and stored using DLT or other similar technology and: confers rights and obligations which are substantially similar in nature to those conferred by a Security or Derivative; or has a substantially similar purpose or effect to a Security or Derivative.

The Regulations apply to those interested to market, issue, trade or hold Investment Tokens in or from the Dubai International Financial Centre (DIFC) and Authorised Firms wishing to undertake Financial Services relating to Investment Tokens, like dealing in, advising on, or arranging transactions relating to, Investment Tokens, or managing discretionary portfolios or collective investment funds investing in Investment Tokens.

The Authority added they are drafting proposals for tokens not covered by the Investment Tokens regulatory framework. These are expected to cover exchange tokens or cryptocurrencies, utility tokens and certain asset-backed tokens or stablecoins. They are going to issue a second consultation paper before the end of the year.

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.

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Qatar: International Court and Dispute Resolution Centre’s Expanded Jurisdiction Comes into Force

Qatar: International Court and Dispute Resolution Centre’s Expanded Jurisdiction Comes into Force

  • 25/10/202125/10/2021
  • by Benjamin Filaferro

The Peninsula, 21 October 2021: The Law expanding the jurisdictional remit of the Qatar International Court and Dispute Resolution Centre has come into force.

It came into force on 13 October.

The relevant provisions were contained in Qatar Law No. 15/2021. This Law amended Qatar Law No. 34/2005.

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: Virtual License for Non-resident Foreign Investors Launched

Abu Dhabi: Virtual License for Non-resident Foreign Investors Launched

  • 25/10/202125/10/2021
  • by Benjamin Filaferro

Alroeya, 21 October 2021: Abu Dhabi’s Economic Development Department has announced it has launched a virtual license. It will allow a foreign investor not living in the UAE to obtain an economic license to conduct business in the Emirate from abroad.

They can start the residency procedures later on.

They made the announcement at the GITEX Technology Week. 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: New Rules for Taxi Drivers Announced

Turkey: New Rules for Taxi Drivers Announced

  • 25/10/202125/10/2021
  • by Benjamin Filaferro

Hurriyet Daily News, 20 October 2021: Turkey’s Interior Ministry has announced it has issued a booklet to taxi drivers in 81 provinces in the country.

It has been issued following increases in complaints about taxi drivers in cities.

The bilingual booklet contains 12 rules taxi drivers should comply with.

It will be placed on taxi stands and in the back of vehicles so passengers can easily access it.

Divers must only work in regions permitted by the municipality.

They should not smoke or listen to music loudly in their vehicles.

They should wear a face mask and comply with social distancing rules.

They should open the taximeter at the start of the trip and no extra fees will be imposed on passengers other than the taximeter or toll fee.

Drivers cannot refuse to drive passengers short distances.

They should also not favour tourists over locals.

In addition, they should take the shortest route unless a passenger asks for another way, propose the shortest option if a passenger does not know the route and not interfere in dialogue for other routes.

Finally, drivers should obey the traffic rules and act to protect public peace.

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: Law Establishing Investment and Trade Court Issued

Qatar: Law Establishing Investment and Trade Court Issued

  • 24/10/202124/10/2021
  • by Benjamin Filaferro

Lusail, 19 October 2021: Qatar’s Emir has issued Qatar Law No. 21/2021 promulgating the law establishing the Investment and Trade Court.

It will be published in the Official Gazette and come into force six months after. 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/.

LexisNexis and Al-Yaqout & Al-Fouzan Legal Group Launches the ‘LexisNexis Library’ in Kuwait

LexisNexis and Al-Yaqout & Al-Fouzan Legal Group Launches the ‘LexisNexis Library’ in Kuwait

  • 20/10/202120/10/2021
  • by Benjamin Filaferro

Dubai, United Arab Emirates – 20 October 2021

The ‘LexisNexis Library’, located in the Al-Yaqout & Al-Fouzan’s premises at the Kuwait Chamber of Commerce & Industry, is the first initiative of its kind across the Gulf Cooperation Council (GCC).

In partnership with Al-Yaqout & Al-Fouzan Legal Group, strategic partner and exclusive reseller of LexisNexis products and services in the State of Kuwait, LexisNexis is proud to launch their newest project in the GCC, the LexisNexis Library, which will be located in Al-Yaqout & Al-Fouzan’s premises at the Kuwait Chamber of Commerce & Industry (Abdulaziz Al-Saqer Street, Al-Qibla, Kuwait City, State of Kuwait).

The library’s collection will include a series of legal books, magazines, journals and reference legal research guides and handbooks, edited by global and regional legal publishers. While the titles will mainly be focused on the Gulf (United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain) and the Dubai International Finance Centre (DIFC), a collection of foreign books will also be made available to the public. The library will be regularly provisioned and updated. Books will be available for on-site consultation or can be borrowed for a certain period of time. Some titles can be purchased. It will also be possible to order titles that are not immediately available at the library.

Through this partnership, in addition to the LexisNexis Library, a LexisNexis Legal Training Room will be established in Kuwait, to continue delivering unique and tailor-made training programs in the country.

The initiative has no equivalent across the GCC. With this unique project, LexisNexis, a leading global provider of legal, regulatory and business information and analytics, and Al-Yaqout & Al-Fouzan Legal Group, a leading law firm in Kuwait, have come together, with the aim of diversifying the sources of legal knowledge by providing training services and legal books in English, Arabic and French for legal practitioners, students, researchers and academics in Kuwait. This project is part of LexisNexis and Al-Yaqout & Al-Fouzan Legal Group’s desire to contribute to advancing the Rule of Law in the Middle East.

The LexisNexis Library will open its doors end of October 2021. LexisNexis and Al-Yaqout & Al-Fouzan Legal Group look forward to welcoming the legal community of Kuwait to the LexisNexis Library and hope they will take part in the various legal training programmes that will be offered.

The agreement-signing ceremony took place on Wednesday 6th October 2021 at the LexisNexis headquarters in Paris. It was attended by Al-Yaqout & Al-Fouzan Legal Group’s Managing Partner, Khalifah H. Al-Yaqout, Attorney-at-Law and LexisNexis Middle East’s newly appointed Managing Director, Benjamin Filaferro.

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