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10 Dec 2019

Foreign Capital Investment Law Oman

New Foreign Capital Investment Law in Oman The Sultani Decree 50/2019 was issued by His Majesty Sultan Qaboos July 1, 2019 that replaced the old Foreign Capital Investment Law (FCIL).  New FCIL was drafted with assistance from the World Bank. The new law came onto force on July 7, 2019.…

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09 Dec 2019

The New Oman Standard Conditions of Contract

The New Oman Standard Conditions of Contract The Standard Form of Construction Contracts in routine use in Oman since 1999 is old viz. the 4th Edition Standard Documents for Building and Engineering Works which dealt mainly with huge government-based infrastructure projects. But in 2019, with aim of taking Oman’s economy…

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08 Dec 2019

Bahrain Law to Clamp Down

Bahrain Law to Clamp Down The new amendment amends the Article 1 of Bahrain Decree-Law No. 2/2001 related to the ownership of land by non-Bahrainis. The main objective is to limit the inflation in the real estate prices in exclusive areas by non-Bahraini ownership. Bahraini Parliamentarians have also approved this…

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07 Dec 2019

The Australian State of Victoria Enacts Law on Industrial Manslaughter

The Australian State of Victoria Enacts Law on Industrial Manslaughter   The new law of State of Victoria incriminates businesses and officers whose negligent conduct leads to incidence of workplace death and they shall be guilty of workplace manslaughter. The partnership concern, corporate entities and associations shall be liable for…

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05 Dec 2019

UAE Ratifies Treaty on Base Erosion and Profit Shifting (BEPS)

UAE Ratifies Treaty on Base Erosion and Profit Shifting (BEPS) United Arab Emirate (UAE) this year September 1st, 2019 ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (hereinafter referred as “MLI”). MLIs are invention of Organization of Economic Development (OECD) plus G-20 Base…

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04 Dec 2019

SEBI’s New Regulations 2019 for Foreign Portfolio Investors in India

SEBI’s New Regulations 2019 for Foreign Portfolio Investors in India In pursuance to the recommendations of the working group constituted by SEBI viz. Dr. Harun Khan and its report; the SEBI has rolled out new Foreign Portfolio Investors (FPI) Regulations 2019. The new Regulations have superseded the old Regulations pertaining…

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