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04 Jul 2019

UAE Central Bank – Non-Performing Loans (the NPLs)

UAE Central Bank – Non-Performing Loans (the NPLs) The UAE Central Bank has issued changes in the reporting structure of the non-performing loans in its banking sector. The move is come to bring into line the methods with the global standards, in consonance with the International Monetary Fund (IMF). Under…

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03 Jul 2019

Alert on Cyber Security by the Hong Kong Monetary Authority

Alert on Cyber Security by the Hong Kong Monetary Authority   The Hong Kong Monetary Authority (the HKMA), on 24 May 2019, issued an alert for eight (8) cyber security incidents which involved a total amount of HK Dollars 70,000. Three banks reported cases where the payments were done in an…

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02 Jul 2019

Modifications in the Regulations for Power of Attorneys in Kuwait

Modifications in the Regulations for Power of Attorneys in Kuwait The Kuwait Government Ministry of Trade and Economy (the Ministry) issued a statement which outlines that newly introduced regulations with regards to power of attorney (PoA). These regulations have come into effect on 5 April 2019. There were several rounds…

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01 Jul 2019

Easy Registration of Wills in Ras Al Khaimah ICC

Easy Registration of Wills in Ras Al Khaimah ICC Wills is one of the ways in the process of planning for succession in the United Arab Emirates. Wills are an added advantage to avoid any unforeseen circumstances. The clients had an option to register the Will either with the Dubai…

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30 Jun 2019

Tariffs for IP undergoes revision in Indonesia

Tariffs for IP undergoes revision in Indonesia The Indonesian Government issued the Government Regulation Number 28 of 2019 (the Regulation). The Regulation concerns with the types and tariffs on Non-Tax State Revenue which is applicable to the Ministry of Law and Human Rights (the Ministry). The government has said that…

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29 Jun 2019

UAE - Economics Substance Regulations

UAE - Economics Substance Regulations The UAE Cabinet recently issued resolution Number 31 of 2019 (the Resolution). The Resolution concerns with regulations for economic substances in the United Arab Emirates. These regulations make it necessary for some companies to determine that they possess any effective substance in the country. This…

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