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...
- Baker McKenzie advises Ooredoo Group on USD800 million investment in AI platform Zankore
- Quinn Emanuel strengthens UAE disputes practice with Kadry Zaghawa
- Amjad Hussain takes on office managing partner role for K&L Gates in Doha and Dubai
- Greenberg Traurig Al Thebity reinforces Riyadh presence with Kingdom Centre move
- Reed Smith appoints Mohammed Basama to expand Middle East corporate offering
- Cleary Gottlieb advises ADIA subsidiary on Jersey Mike’s IPO
- Cyril Shroff and IIM Ahmedabad launch leadership academy for future GCs
Middle East & International News
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...
Law Firm Highlights March 2016
· King & Wood Mallesons’ (KWM) chief operating officer (COO) for Europe and Middle East, Rachel Reid, has exited the firm to join Taylor Wessing, The Lawyer reported. The news came days after the resignation of...
News from the Courts
· The DIFC Wills and Probate Registry (the Registry) has registered a total of 650 wills this past year, showing the positive response the initiative has received in Dubai. Launched in May 2015, the Registry provides...
