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12 Jul 2018

Unified contract to start being used in the last quarter of 2018

Unified contract to start being used in the last quarter of 2018 There has been an electronic rental project launched in Saudi Arabia to facilitate rental agreements for both residential and commercial rentals. The idea behind this new platform and unified contracts are to promote electronic payments and minimize disputes.…

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09 Jul 2018

UAE Central Bank Update

UAE Central bank has issued a new banking system which regulates and makes provisions for circumstances in which bank accounts become dormant, and bank balances are left unclaimed. This new system aims to regulate the handling of dormant bank accounts and to ensure that the banks follow the relevant criteria…

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25 Jun 2018

Implementation of the Guidance on Regulation of Crypto Asset Activities in the ADGM

Implementation of the Guidance on Regulation of Crypto Asset Activities in the ADGM The Abu Dhabi Global Markets (the ADGM) has recently issued that ‘Guidance on Regulation of Crypto Asset Activities in the ADGM’ (the Regulation). This Regulation has come as a supplementary to the Initial Coin and Token Offerings…

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24 May 2018

New Arbitration Law will have Positive Impact on both Domestic and International Business

New Arbitration Law will have Positive Impact on both Domestic and International Business The UAE has revealed the long-awaited new ‘Federal Arbitration Law’ that will have a long way connecting the country’s position as the most attractive hub for arbitration in the Middle East and North Africa region. His Highness…

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23 May 2018

Bahrain Legal Update

Bahrain Legal Update Law Number (4) of 2018 Ratifying the Agreement between the Government of the Kingdom of Bahrain and the United States of America (USA) to Improve International Tax Compliance and to Implement FATCA, and its Annexes I and II. Overview It is an Agreement concerning the improvement of…

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23 May 2018

Capital Market Authority’s decision No. 1-3-2018 dated 22/4/1439 A.H. Corresponding to 9/1/2018 A.D

Capital Market Authority’s decision No. 1-3-2018 dated 22/4/1439 A.H. Corresponding to 9/1/2018 A.D. Adopting the Rules Regulating Qualified Foreign Financial Institution's Investment in Listed Securities Overview The proposal for the original draft for this amendment came in November of 2017. This decision was issued in Saudi Arabia and is dated for…

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