Category: Legal Updates

May 20th, 2025
Announcements

GLA & Co Anti-Trust & Competition Newsletter

Welcome to our Middle East Antitrust and Competition Newsletter. Please click here Competition & Anti-Trust Newsletter to view our interactive newsletter or feel free to read it below. At GLA & Co, we understand the complexities...

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May 18th, 2025
Legal Updates

Close-out Netting and related Collateral Arrangements Regulation

Introduction The Saudi Central Bank (SAMA) has recently introduced the “Close-out Netting and Related Collateral Arrangements Regulation” to enhance financial stability and provide legal certainty in financial transactions. The regulation ensures that netting agreements and...

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May 15th, 2025
Legal Updates

New Ultimate Beneficial Ownership Rules in Saudi Arabia: A Step Toward Greater Corporate Transparency

Saudi Arabia has taken a significant step toward enhancing corporate transparency and aligning with international standards by issuing the Minister of Commerce Decision No. 235 of 1446 (“UBO Rules”). This decision introduces new requirements for disclosing...

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May 6th, 2025
Legal Updates

Expanding Beyond the Free Zone: A Legal Insight into Executive Council of Dubai Resolution No. 11 of 2025

The Executive Council of Dubai (the “Council”) issued Resolution no. 11 of 2025 (the “Resolution”), introducing a legal framework that permits Free Zone licensed entities to carry out business activities outside their respective Free Zones within...

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April 28th, 2025
Legal Updates

Key Takes from the new Egyptian Labour Law

After years of anticipation, the Egyptian Parliament’s House of Representatives has officially passed a new Labour Law (“New Labour Law”), marking a significant overhaul of the country’s labour regulations. The long-anticipated legislation introduces key reforms...

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April 28th, 2025
Legal Updates

GLA & Co is proud to sponsor the ALM General Counsel Conference Middle East 2025

As part of our participation, our Managing Partner, Alex Saleh, will be moderating a session titled “The General Counsel’s Evolution: Navigating Change in a Dynamic Corporate Landscape.” This interactive session will explore how technological innovation,...

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April 15th, 2025
Legal Updates

Kuwait’s Enforcement Reform: Arrest and Detention for Evasive Debtors

The State of Kuwait issued its major legislative reform to Law No. 38 of 1980 promulgating the Civil and Commercial Procedures Law (the “Procedural Law”) under Decree-Law No. 59 of 2025 (the “Decree Law“), introducing...

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April 9th, 2025
Legal Updates

Green Bonds and Sustainable Financing: The UAE’s Vision for a Greener Future

Introduction Green and sustainability-linked bonds are financial instruments designed to support environmentally friendly and sustainable projects. These bonds have gained significant traction in recent years, particularly in the United Arab Emirates (UAE), which has emerged...

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April 3rd, 2025
Legal Updates

New KSA Merger Control Guidelines; Threshold Update

Introduction The Saudi General Authority for Competition (“GAC”) has issued Version 5 of its Economic Concentration Guidelines (February 2025), outlining notification requirements for both local and foreign transactions under GAC’s merger control regime (the “Guidelines“)....

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