Middle East & International News

Middle East & International News

ADX issues new law for investors

The Abu Dhabi Securities Exchange has issued new law for trading, clearing and depositary system for its investors. “This law will determine the best practices in the financial markets in order to achieve specific tasks market...

Google turns to Cleary as it creates new Alphabet company

Alphabet’s CEO Larry Page Cleary Gottlieb Steen & Hamilton has won the top role advising on Google’s corporate reorganisation and the creation of a new parent company called Alphabet, according to The Lawyer. Corporate partners Ethan...

New law to govern private-public partnerships

Gurmeet Kaur His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a law regulating the partnership between the public and private sector. Law No. 22...

Law Firm Highlights – September 2015

Holman Fenwick Willan has announced a formal law alliance (FLA) between its Singapore office, Holman Fenwick Willan Singapore LLP, and Singapore law firm AsiaLegal LLC. The alliance, which has received approval from the Singapore Attorney General's...

New law to regulate Abu Dhabi real estate sector

The President, HH Khalifa bin Zayed Al Nahyan has issued a law regulating the real estate sector in the emirate of Abu Dhabi. The new law specifies the jurisdictions of the Department of Municipal Affairs (DMA)...

Banks discuss plan for centralised Shari’ah board

The United Arab Emirates' bank industry association has discussed a proposal to create a centralised Shari’ah board that would monitor Islamic banking, which could spur the growth of the industry, according to Reuters.   The central...

News from the Courts – July/Aug 2015

1) Following the conclusion of a public consultation, the DIFC Courts announced a series of practical enhancements that will help businesses access justice more simply and cost effectively. The first sees the default jurisdiction of the...

Law firm highlights – July/Aug 2015

King & Wood Mallesons (KWM) is officially open for business in Singapore. The firm’s new office opened last month in the Ocean Financial Centre. Three KWM partners will lead the establishment of the office with an...

Iraq’s telecom regulator scraps fine against Zain

The telecom regulator of Iraq has scrapped a USD100 million fine imposed on the country's largest mobile phone operator, Zain Iraq, ending a case that had dragged on for several years, according to Reuters.  In 2011,...

RB’s GC joins Shire

Pharmaceutical giant Shire has hired Reckitt Benckiser (RB) group general counsel Bill Mordan as its new general counsel and corporate secretary, reported The Lawyer. Mordan replaces interim general counsel Mark Enyedy who will continue as the...

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