Middle East & International News

Middle East & International News

Qatar plans on law amends to woo investment

  In an effort to improve business conditions in the country, Emir of the State of Qatar, H H Sheikh Tamim bin Hamad Al Thani has instructed the government to amend laws to make business and...

Al Wasl Club and UAE FA advised to settle over mediation

Al Wasl has moved the Lausanne-based Court of Arbitration for Sports (CAS) by claiming compensation from the UAE Football Association over the signing of Portuguese player Hugo Viana, despite accepting its request for a two-hour extension...

Oman plans on new law for mining concessions

Minister of commerce and industry, Dr Ali bin Masoud Al Sunaidi, announced that the government is planning to change the process for awarding concession area for mining companies. Mining companies will have to compete for getting...

DIFCI re-enters the debt capital markets

DIFC Investments LLC (DIFCI) returned to the debt capital markets since its issuance in 2007 with a successfully priced USD 700 million 10 year Sukuk issued at par with a 4.325 per cent profit rate, at...

New Syrian laws issued

Syrian President Bashar al-Assad issued law no. 20 and 21 for 2014. Law no. 21 concerns with establishing banking courts of first instance and appeals in all provinces for taking up lawsuits in which one part...

UBS loses complex derivatives case in High Court

UBS sold four highly complex derivatives known as single tranche collateralised debt obligations (STCDOs) to Kommunale Wasserwerke Leipzig (KWL). KWL entered into agreements both directly with UBS and via intermediary banks Depfa Bank and Landesbank Baden-Württemberg...

Visa secures judgement in claims by retailers

Linklaters and Milbank represented Visa in a major competition case and ruled that the claim issued by retailers Arcadia, Argos, Asda, and B&Q should be dismissed because it was out of time. The retailers, represented by...

Lawyers hit back at golfer over USD 3 million lawsuit

PGA Tour golfer Dustin Johnson has been struck back for maligning two lawyers whose firm he had sued last month for USD 3 million. Mark Wittstadt and Gerard Wittstadt struck back on the allegations and asked...

Law firm highlights

– Dentons addressed a gathering of Islamic finance practitioners at the IFN Forum: Turkey 2014 held recently in Istanbul. The annual forum was first held in 2009 and presents an ideal platform for those looking to...

Gulf region labelled as target for money laundering

The 2014 Basel AML Index Report revealed two ME countries as the targets for money laundering in their top 10 highest risk countries. Iran ranked 1 on the list while Iraq was placed at the 6th...

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