Skip to content
LexisNexis Middle East
  • Solutions
    • Lexis® Middle East
      • Certification Programme
    • Tolley+ Middle East
    • Protege
  • Buy Books
  • Training, Events
    & Webinars
  • News
    • United Arab Emirates
    • Saudi Arabia
    • Qatar
    • Kuwait
    • Bahrain
    • Oman
    • Egypt
    • Publications
    • All
  • About us
    • Our Company
    • Rule of Law
  • Contact
  • Sign-In
    • Lexis® Middle East
    • Lexis® Library
    • Lexis® PSL
The MENA Business Law Review No. 03/2022 is out! News developments

The MENA Business Law Review No. 03/2022 is out!

  • 06/10/202211/10/2022
  • by Benjamin Filaferro

We are pleased to share the third edition of the MENA Business Law Review, the definitive business law reference in the Middle East and North Africa! In this edition:

ARBITRATION: Outcome-Related Fees Structures for Arbitration the UAE by Dr Tariq Mahmood FCIArb (33 Bedford Row), James Ng (Zhong Lun Law Firm) and Usama Munir (Schleuter Graf)

We explore the basic features and types of outcome-related fee structures (ORFS) for dispute funding and provide a detailed analysis of the UAE legal landscape of the acceptability of ORFS in arbitration proceedings.


LITIGATION: Comment on IPGL General Trading v. Horton Holding by Anson Cheung, Outer Temple Chambers

We share comments on this case, which raised interesting issues regarding the application and scope of the Duomatic principle to acts assented to by shareholders, with far-reaching practical consequences for a common practice in the UAE.


COMPANIES: A Guide to Saudi Arabia’s New Companies Law by Dr Qaisar Hamed Metawea, Lamisse Bajunaid, and Aziza Al Abbasi (Dr Qaisar Metawea Law Firm)

In this article, we provide a guide to the main areas of reform in Saudi Arabia’s new Companies Law concerning commercial and non-profit entities and analyse the impact of these reforms.


The New Regulation of Musataha Agreements over Commercial Land in the Emirate of Dubai by Jeremy Scott, Addleshaw Goddard (Middle East) LLP

In this article, we look in more detail at musataha arrangements in Dubai and assess the changes made regarding granting musataha rights over commercial land by government or government-related entities against its stated objectives.


CORPORATE GOVERNANCE: Solution to Executive Succession in UAE Family Businesses: The Board of Directors by David Chekroun (ESCP Business School), Megha Bansal (Deloitte) and Tanya Bansal (Abu Dhabi Department of Economic Development (ADDED))

This article assesses the rules and regulations regarding the corporate governance of family-owned businesses in the UAE, including the composition of the Board and its role in succession planning undertaken by the Nomination and Remuneration Committee. It also sets forth a series of recommendations on empowering the Board to facilitate a smooth transition of power amongst family businesses.


CYBERSECURITY: Financial Crime Challenges as We Enter Internet 3.0 by Karl Massi, Charles Russell Speechlys

The developing “crypto-economy” will become a significant part of the real economy in a very short time. This new digital mechanism for assigning, buying, selling and transferring assets brings with it novel issues regarding financial crime risk and security while mirroring some of the same vulnerabilities of the real economy. This article will explore some of the critical areas and how the UAE approaches them.


Want to receive more content? Subscribe to our newsletter here!

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

LexisNexis MENA Business Law Review No. 03_2022

Have you read the previous editions of the MENA Business Law Review? Click the links below to access and read previous editions.

LexisNexis MENA Business Law Review No. 02_2022
LexisNexis MENA Business Law Review No. 01_2022

Oman News developments

Oman: Penalties for Negligent Pet Owners in Public Places Announced

  • 03/10/202203/10/2022
  • by Benjamin Filaferro

Times of Oman, 30 September 2022: Muscat Municipality has announced fines will be imposed on negligent pet owners in public places.

Owners of pets should remove their pet’s waste when roaming in public places, take the necessary precautions to prevent the pet from disposing of waste in these places and ensure their pets wear collars.

The pet must be licensed by a competent veterinary authority at the Ministry of Agriculture, Fisheries and Water Resources.

If they fail to comply with these regulations, they will be fined 50 Rials.

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/.

Oman News developments

Oman: Government Land Use Amendments Approved

  • 19/09/202219/09/2022
  • by Benjamin Filaferro

Times of Oman, 15 September 2022: Oman’s Sultan has approved amendments to the Government Land Use Decree.

Under the amendments to Oman Sultani Decree No. 5/1981 and its Implementing Regulations by Oman Sultani Decree No. 59/2022, the wording ‘on regulating the Sultanate’s land use and development’ is replaced with ‘Regulating the Sultanate of Oman’s land use and development’.

The wording to Oman Sultani Decree No. 88/1982 ‘Endorsing the Executive Regulation on regulating the Sultanate’s land use and development’ is replaced with the wording ‘Endorsing the Executive Regulation on regulating the Sultanate of Oman’s land use and development’.

The Minister of Housing and Urban Planning will be entitled, after approval by the Council of Ministers, to amend the Implementing Regulation on regulating the Sultanate of Oman’s land use and development.

Anything which contradicts or contravenes it will be repealed.

It will be published in the Official Gazette and come into force the day after publication.

Also reported in Atheer on 15 September 2022. 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/.

The Lexis® Middle East Gulf Tax – Autumn 2022 edition is out now! News developments

The Lexis® Middle East Gulf Tax – Autumn 2022 edition is out now!

  • 12/09/202213/09/2022
  • by Benjamin Filaferro

We are pleased to share the latest edition of our tax magazine, Lexis® Middle East Gulf Tax, the first of its kind in the GCC! It is a complimentary magazine that provides updates on the GCC’s recent key tax and financial developments. In this edition:

Crypto Tax

The UAE has taken significant steps to develop a regulatory framework for cryptocurrency and virtual assets. Milos Krstic of Rain and Thomas Vanhee of Aurifer Middle East Tax look at how the UAE tax regime in this area may operate.

No Escape?

Mohamed ElBaghdady of Habib Al Mulla & Partners – a member firm of Baker & McKenzie International, Anas Salhieh of MMJS Consulting and George Campbell of Keypoint explain the different approaches tax authorities are taking in Saudi Arabia, the UAE and Bahrain to tackle tax evasion.

Practical Focus on Customs Duty and e-Commerce in the UAE and Saudi Arabia

Practical points in an article based on a Practice Note by Dr Atia Hussain of the University of Sharjah.

Tax-i, please

Halil Erdem of Careem talks about the need for GCC harmonisation in various areas of tax, one being e-invoicing. Sanjeev Fernandez of EY MENA talks about e-invoicing developments in Saudi Arabia and the region.

What do I do if VAT rates change?

As Saudi Arabia and Bahrain have increased VAT rates, and further changes could be coming in Saudi, what steps should taxpayers take to mitigate the impact of such changes? Gaurav Kapoor and Kanval Ashar of PwC Oman answer these questions and more!

Special thanks to Alchemy Search for supporting tax professionals by connecting businesses with talent across the GCC and beyond!

Want to receive future editions? Subscribe here!

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

Lexis® Middle East Gulf Tax | Autumn 2022

Have you read the Lexis® Middle East Gulf Tax – Summer 2022 edition? Click the link below to access and read this edition.

Lexis® Middle East Gulf Tax | Summer 2022

Oman News developments

Oman: New Law to Combat Climate Change

  • 31/08/202231/08/2022
  • by Benjamin Filaferro

Oman Observer, 29 August 2022: Oman is currently updating their climate affairs regulations to keep up with local and international developments.

The aim is that the regulations will monitor the performance of companies and institutions tasked with climate areas, who will be expected to either moderate or change their activities to adapt to climate change. A new climate change law will serve as a regulatory code for drafting general climate change provisions covering all Oman sectors.

Preliminary steps include drafting a national strategy to alleviate and adapt to climate change.

A database has also been set up to collate information on emissions and track progress toward reducing emissions by seven per cent by 2030. There is also a database collecting information on projects to adapt to climate change in Oman and another on greenhouse gases in primary sectors.

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/.

Oman News developments

Oman: Court Takes Action Against Driving School

  • 24/08/202224/08/2022
  • by Benjamin Filaferro

Oman Observer, 22 August 2022: The Souhar Court of First Instance has charged a driving school for failing to provide its services properly.

The driving school owner has been sentenced to two months in jail and ordered to pay a fine of 100 Rials. The Directorate General of the Consumer Protection Authority in Souhar had received a complaint from a pupil at the school. She had been assigned an instructor who had died. The school did not provide her with an alternative and refused to refund her what she had paid. This was an offence under Oman Sultani Decree No. 66/2014.

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/.

Oman News developments

Oman: Quality Standards in Hotels and Tourist Establishments Notice Issued

  • 22/08/202222/08/2022
  • by Benjamin Filaferro

Times of Oman, 18 August 2022: Oman’s Heritage and Tourism Ministry has issued a notice to all hotel and tourist establishments in the Sultanate to prepare their facilities in line with specified quality standards.

The standards cover quality, cleanliness, service level and customer satisfaction.

They were issued in line with the Tourism Law and the Implementing Regulations to the Law.

From 1 October this year, the Ministry will conduct inspections to ensure compliance.

Offenders will be prosecuted.

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/.

Oman News developments

Oman: Incorrect Weather Forecasters to be Fined

  • 11/08/202211/08/2022
  • by Benjamin Filaferro

Times of Oman, 8 August 2022: Oman’s Civil Aviation Authority has announced that incorrect weather forecasters will be fined.

Institutions and individuals should not publish unauthorised forecasts and warnings during weather which affects the Sultanate.

Those who do violate Article 30 of the Civil Aviation Law could be jailed for up to three years and/or fined between 15,000 and 50,000 Rials.

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/.

Oman News developments

Oman: Hotel Regulations Amended

  • 03/08/202203/08/2022
  • by Benjamin Filaferro

Times of Oman, 1 August 2022: Oman’s Heritage and Tourism Ministry has announced it has amended the construction of hotel establishments regulation.

The amendments relate to the controls for establishing hotels to ensure greater compliance with classification and quality standards and the rules specified in the Implementing Regulations to the Tourism Law on the organisation of hotel and tourist establishments.

The amendments will apply to all new orders to set up hotel establishments.

The amendments have been approved to improve standards and support the sector’s development in the Sultanate.

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/.

Oman News developments

Oman: Household Business Activities Decision Issued

  • 26/07/202226/07/2022
  • by Benjamin Filaferro

Times of Oman, 24 July 2022: Oman’s Commerce, Industry and Investment Promotion Ministry has issued a Ministerial Decision promulgating a regulation on making homemade business products.

Oman Ministerial Decision No. 473/2022 streamlines and legalises the activities of owners of household business activities undertaken by citizens to generate income, protect the rights of sellers and buyers and secure customer confidence in commercial transactions in the Sultanate and abroad.

The Decision bans any home-based business from being practised before the individual, or the family obtains a licence from the Ministry and the relevant authorities.

Everyone who engages in a home business activity must correct their status within six months from the date of their work.

To obtain a licence, the applicant must be an Omani national; the applicant should be at least 18, not have another licence to practice any commercial, professional, craft or industrial activity and pay the relevant fee.

Along with the licence application, the applicant should submit the title deed of the house where the activity is carried out, the lease contract, or the homeowner’s approval where the house is rented and their ID card or passport. They should also submit details of the home production work to be licenced.

The licence will be issued for three years and cost three Rials. The licence may be renewed for similar periods. The same procedures and conditions will apply.

The renewal application must be submitted 30 days before the expiry of the licence period.

The licensee must comply with the legislation regulating the licensed domestic production activity and the regulations governing the licensed activity from the relevant authority. They will also have to be familiar with practising licensed home business and not employ foreigners.

In addition, they should not assign the licence to others, even temporarily, and not place any advertising or promotional billboards on the house or external walls. A small board can be placed at the house entrance showing the licensee’s name, the licence number, the type of activity, and the phrase home business provided its area does not exceed 30cm x 60cm and the board must be flat.

They should not store any goods, equipment or machines outside the house or any toxic, dangerous or flammable materials or any other materials which may cause harm to public health in the place of activity.

The licensee cannot practice the activity after the licence has expired or in a place other than where it is licenced to work.

An administrative fine of 100 Rials will be imposed on licensees who violate the Decision. The penalty will only be set after the relevant authorities have issued a written warning of the reasons for the violation and given three days to remove it. The fine will be doubled for repeat violations.

Where the violation is not corrected, the Ministry can suspend the licence for up to three months. The Ministry may cancel the licence after this period has expired without the violation being removed.

The licensee may appeal the penalties under the Decision to the Minister within 60 days from the date of their notification of it.

The grievance will on within 30 days from the date of its submission, and the lapse of this date without a response will be considered a rejection.

In all instances, the refusal decision must be justified.

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/.

Posts pagination

1 … 18 19 20 21 22 … 32

Tags

Abu Dhabi Ajman Bahrain Beirut CLPD DIFC Dubai Egypt Events Gary Born GCC Iran Islamic Finance Jordan KSA Kuwait Lebanon legal awards MENA Oman Qatar RIDW Rule of Law Saudi Arabia SCCA Sharjah Tax Training Trainings Turkey UAE United Arab Emirates

Categories

Find LexisNexis North Africa on LexisMA.info

Privacy Policy Hub | LexisNexis

General Terms & Conditions of Use

General Terms & Conditions of Sale and Subscription

Legal Notice

Cookies Settings
NEWSLETTER SIGN-UP
Copyright © 2020-25 LexisNexis. All rights reserved.
Theme by Colorlib Powered by WordPress