News from the Courts
England and Wales’s senior judge, The Right Honourable The Lord Thomas of Cwmgiedd, was in Dubai recently for a first-hand look at the DIFC’s system for resolving business disputes, highlighting the close bond between the two...
- Legal deals of the week (November 7, 2024)
- This week’s Movers & Shakers (October 18, 2024)
- Eversheds Sutherland names Keith Froud and Lino Mendiola as co-chief executives
- This week’s Movers & Shakers (Sep 12, 2024)
- Hadef & Partners unveils new brand identity
- Baker McKenzie advises Sunset Hospitality Group
- Gordon Brothers strengthens Middle East presence with Dubai launch
Middle East & International News
VAT in the UAE
The UAE will implement value added tax (VAT) at the rate of five per cent from January 1, 2018, said Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs, the Gulf News reported. The...
New risk management rules
The United Arab Emirates plans to release new risk management and corporate governance rules for banks by the end of this year, a senior central bank official said, as a looming economic slowdown threatens to pressure...
Hitachi Rail Europe’s first GC
Hitachi Rail Europe has hired WSP Parsons Brinckerhoff’s legal director Jane Mee as its first general counsel, reported The Lawyer. In her new role, Mee will work with managing director Karen Boswell on all aspects of...
Iran reconnected to SWIFT
Iran’s Central Bank and 15 other Iranian banks have now been reconnected to SWIFT. In a statement, the Central Bank confirmed that “The on-boarding process including administrative and technical measures for all non-sanctioned Iranian banks including...
UAE Federal Government Establishes IP Court Circuit
The UAE Minister for Justice announced this month (Ministerial Resolution No. 137 for 2016) that the UAE will be setting-up dedicated court circuits to handle Intellectual Property Rights disputes according to a statement released by IP...
Central Bank of UAE and ADGM sign MoU
The Central Bank of the UAE and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding on February 4, 2016 to formalise a framework to enable ongoing cooperation on...
Law Firm Highlights – March 2016
A quick round-up of what’s new at regional and international law firms – CMS opens an office in Tehran, Clyde & Co’s IP expansion and new lead partner for Shipping & International Trade, Simmons & Simmons...
DIFC-LCIA’s new director and registrar
Following the announcement by the LCIA and the DIFC Dispute Resolution Authority (DRA) of the completion of the restructuring of the DIFC-LCIA Arbitration Centre, Mohamed ElGhatit has been appointed as Director & Registrar of the Centre....
Sanctions lifted
Implementation Day has happened.UK, European and all non-US international businesses generally are now able, at least in principle, to re-engage with Iran. Subject to certain exceptions, US persons continue to be prohibited from doing business with...
