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13 Jul 2019

UAE Maritime Law 2020

UAE Maritime Law 2020 UAE is all set to introduce the new draft law for maritime operation in the country. It will offer 100 % ownership to the UAE nationals who want to own shipping vessels companies. This law will come into effect by the start of next year. The…

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10 Jul 2019

Installment Sales Licenses issued by the Saudi Arabian Monetary Authority

Installment Sales Licenses issued by the Saudi Arabian Monetary Authority The Saudi Arabian Monetary Authority (the SAMA) along with the Ministry of Commerce and Investment (the MOCI), jointly issues a comment where they announced the implementation of the latest regulations with regards to the instalment sales. The new scheme makes…

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09 Jul 2019

Amendments to the KSA Labour Law

Amendments to the KSA Labour Law The Consultative Assembly of the Kingdom of Saudi Arabia, also known as Majlis ash-Shura or Shura Council (the Council), met on 7 May 2019 to formalise its intention to afford more protection and security to the employees under the Royal Decree No. M/51, adopted in…

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08 Jul 2019

Green Card in Kingdom of Saudi Arabia

Green Card in Kingdom of Saudi Arabia The Council of Ministers in the Kingdom of Saudi Arabia recently issued the facility of Green Card. The proposed privileged residency iqama will offer the holder the following benefits: Recruit domestic workers Issuing visitor’s visa Own property This card or rather known as…

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07 Jul 2019

The International Arbitration Act in Singapore

The International Arbitration Act in Singapore The Singapore Business Federation (the SBF) has made proposals for establishing the new arbitration group which will provide the method of appointing the arbitrators by default under the multi-party situations. It will allow the parties for requesting the arbitrators to decide the jurisdictions and recognition…

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06 Jul 2019

Hong Kong Competition Commission issues

Hong Kong’s Competition Commission issues a judgement for the actions on the ordinance enforcement The President of the Competition Tribunal in Hong Kong delivered its judgements which related to the suspected infringements and violations of the competition ordinance’s first conduct rule. This rule called for prohibition to the companies who…

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