LexisNexis Middle East

UAE: Small Companies to Remain Exempt from Emiratisation Targets

18/01/202318/01/2023
by Benjamin Filaferro

According to the Minister of Human Resources and Emiratisation, the UAE has no plans to make smaller companies follow Emiratisation targets.

As tens of thousands of Emiratis have been successfully placed in new private-sector jobs following the issue of Ministerial Decision No. 279/2022, which brought in new Emiratisation targets for the private sector. However, the Minister of Human Resources and Emiratisation has said this policy would not be changed to include companies with fewer than 50 skilled employees.

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News developments

Oman: Regulations for Identifying Real Beneficiary Issued

18/01/202318/01/2023
by Benjamin Filaferro

Atheer, 14 January 2023: Oman has issued Regulations for Identifying the Real Beneficiary in Oman Ministerial Decision No. 630/2022. The new aims to enhance the mechanisms of money laundering and counter terrorism financing in the country.

The Regulations also aim to enhance the national economy and support the business sector. As a result of the regulations, commercial companies are required to establish a record for real beneficiaries noting the details of the partners or shareholders who own a share of no less than 25% of the company shares. A real beneficiary is defined as the person who actually owns or has an actual influence on a commercial company directly or indirectly.

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News developments

UAE: Federal Decree-Law Establishes Media National Office

18/01/202318/01/2023
by Benjamin Filaferro

Albayan, 17 January 2023: UAE’s President has issued Federal Decree No. 7/2020, Establishing the Media Office of the UAE Government.

The established office will have the administrative and financial independence necessary to achieve its objectives and competencies and report to the Presidency Bureau Minister. In addition, this office aims to develop the state’s media system to support the national interest and strengthen coordination and cooperation between the different media authorities in the state.

For the full story, click here.

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News developments

DLA Piper Participates as a Sponsor at the LexisNexis Women in Law Awards 2023

18/01/202317/02/2023
by Benjamin Filaferro

LexisNexis Middle East are pleased to announce that DLA Piper will participate as a Bronze Sponsor at the LexisNexis Women in Law Awards 2023 on 2 March 2023.

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.

We hope you will join us for this fantastic event on 2 March 2023! Visit the LexisNexis Women in Law Awards website to learn more about the event!

News developments

Kuwait: Government Boycotts Assembly Saying it was Prevented from Giving Views on Bills

16/01/202316/01/2023
by Benjamin Filaferro

Kuwait Times, 11 January 2023: Kuwait’s National Assembly has been adjourned until 24 January 2023 after the government boycotted the 11 January 2023 session, saying it was not allowed to give its opinion on bills that have financial costs.

The boycott comes a day after ministers walked out of the Assembly chamber after calling on the Assembly to send several draft laws with substantial financial costs back to parliamentary committees so they can provide their constitutional and financial opinions.

This request was rejected by the Assembly, prompting the walkout. At least one minister must be present for Assembly sessions to be convened.

For the full story, click here.

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News developments

Turkey: Court Rules in Favour of Armenian Foundations’ Property Rights

12/01/202312/01/2023
by Benjamin Filaferro

Hurriyet, 9 January 2023: Turkey’s Constitutional Court has ruled that two Armenian foundations had their property rights violated by the refusal of the request to return their properties, which the Treasury had taken over.

The properties of Samandağ Vakıflı Village Orthodox Church and Yedikule Surp Pırgiç Armenian Hospital had been confiscated and transferred to the Treasury.

The Constitutional Court ruled that the confiscation of the foundations’ property violated the right of property guaranteed in the constitution and ordered a retrial.

For the full story, click here.

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Uncategorized

Yungo Law Participates as a Sponsor at the LexisNexis Women in Law Awards 2023

11/01/202310/01/2023
by Benjamin Filaferro

LexisNexis Middle East are pleased to announce that Yungo Law will participate as the Drinks Reception Sponsor at the LexisNexis Women in Law Awards 2023 on 2 March 2023.

“With percentages of women in partner’s positions 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. Therefore, we should take every opportunity to celebrate women’s achievements in the industry. Yungo Legal is proud to sponsor the Women in Law Awards and celebrate every one of you.”
Clotilde Iaia Polak (LLM Law), Managing Partner, Yungo Legal Consultants.

We hope you will join us for this fantastic event on 2 March 2023! Visit the LexisNexis Women in Law Awards website to learn more about the event!

News developments

Jordan: Government Freezes Kerosene Tax for Winter

09/01/202309/01/2023
by Benjamin Filaferro

Jordan News Agency, 3 January 2023: Jordan’s cabinet has announced a freeze on the kerosene tax to help citizens, especially those on a low income, for the winter season.

The government also said it is committed to reducing the price of kerosene if global prices drop. A nationwide campaign has been launched by the Energy and Minerals Regulatory Commission to monitor fuel stations’ commitment to selling kerosene at the declared price.

For the full story, click here.

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News developments

Kuwait: Central Bank Introduces New Detection Method for Forged Banknotes

09/01/202309/01/2023
by Benjamin Filaferro

Arab Times, 29 December 2022: The Central Bank of Kuwait has introduced a new method for detecting counterfeit banknotes using a unified mechanism for local banks if a forged note is discovered.

The regulatory update will be introduced on 1 January 2023 and aims to ensure the detection of counterfeit banknotes through a memorandum proving the deposit or presentation of counterfeit banknotes.

For the full story, click here.

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News developments

Turkey: New Regulations Announced for Outdoor Music Activities

09/01/202309/01/2023
by Benjamin Filaferro

Hurriyet, 4 January 2023: Turkey’s Environment, Urbanisation and Climate Change Ministry has announced new regulations stipulating that music events in stadiums, parks, squares and other concert and festival areas can be organised for a maximum of five consecutive days with the hours of activity limited between 10 AM and 1 AM.

Public concerts and music festivals lasting longer than five days can be held by obtaining permission from the provincial directorate of the ministry.

Under the regulations, workplaces and marine vehicles which organise music activities must obtain a license valid for three years.

Workplaces that are fined three times for violating sound level limits will not be able to obtain the license for two years.

For the full story, click here.

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