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...
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...
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 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...
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...
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...
– 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...
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...
The Libyan Investment Authority (LIA) is to be compensated for legal costs amounting to GBP 200,000 by Goldman Sachs as part of a lawsuit filed by LIA. LIA filed the case in January in London’s High...
Global healthcare company, GlaxoSmithKline, is investigating into allegations of corruption regarding improper payments in the UAE. The allegations were sent to the top management of the company in a whistleblower’s email. The company is looking into...
