Penalty alert
On April 3, 2016, judgment was issued in the first case in the DIFC Court of First Instance in which the DIFC Employment Law Article 18 penalty provision has been considered – CFI 015/2014 Asif Adil...
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Middle East & International News
HFW joins hands with Wintell & Co
Holman Fenwick Willan (HFW) announced that following approval by the Shanghai Justice Bureau, the firm, through its Shanghai office, has entered into a formal association with local law firm Wintell & Co operating in the Shanghai...
Vinson & Elkins closes Abu Dhabi office
Vinson & Elkins has become the latest firm to close in Abu Dhabi, with all staff set to relocate to its Dubai office. Vinson & Elkins has stated in a release that following a strategic...
New premises for Dubai law firm
The Squire Patton Boggs Dubai office relocated to the Burj Daman Office Tower of the Dubai International Financial Centre on March 13, 2016. “The new premises provide enhanced facilities for clients and ideal accommodation for the...
Mergers & Associations
Squire Patton Boggs has merged with US firm Carroll Burdick & McDonough, in a deal that sees the former boost its lawyer headcount by over 50, The Lawyer reported. Litigation and risk management firm Carroll Burdick...
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...
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...
