Category: Legal Updates

July 13th, 2023
Legal Updates

Digital Transformation in Egypt

Egypt is witnessing a new technological era with the issuance of a bundle of decrees by the Financial Regulatory Authority (“FRA”). In line with the technological advancement and digitalization of the government, the FRA decrees...

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July 5th, 2023
Legal Updates

Nothing Changes in New Year’s Day: The Egyptian Judiciary’s Upholding of the Estoppel Principle

INTRODUCTION:  The principle of “equitable estoppel” is arguably well established and recognised in many jurisdictions. Alas, in the dynamic realm of arbitration, and in the Egyptian legal system, the Egyptian judiciary has long played a...

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June 29th, 2023
Legal Updates

Data Privacy Protection Regulation, New Set of Regulations or Just Amendments?

Considering the new Kuwait vision 2035 and recognizing the surging demand to transform Kuwait into a financial and commercial hub that is attractive to international global investors, the Kuwait Communication and Information Technology Regulatory Authority...

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June 26th, 2023
Legal Updates

Overview of the New Civil Code in Saudi Arabia

With its specialized legislation and judicial reforms system, the New Civil Transactions Law (“NCTL” or “Law”) represents a tremendous transformation. The Council of Ministers’ weekly session on 25/11/1444H, corresponding to 13/06/2023G, approved the NCTL and...

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June 23rd, 2023
Legal Updates

New DIFC Model Clauses of Data Export for Exporters in Non-Adequate Jurisdictions

The DIFC Standard Contractual Clauses (“SCC”) recently issued is intended to serve as the guideline and template that will teach parties entering into a contract, to use the correct wording and language protecting their respective...

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June 21st, 2023
Legal Updates

Ownership in Sinai Peninsula and its effect on M&A Transactions

On the 19th of January 2012 the Integrated Development in the Sinai Peninsula Law No. 14 of 2012, as amended (“Sinai Law”) was issued to regulate the ownership of lands and assets as well as...

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June 19th, 2023
Legal Updates

Digitalized Era and Electronic Transactions in the United Arab Emirates

The United Arab Emirates (the “UAE”) issued Federal Law No. 46 of 2021 which came into force on the 2nd of January 2022 (the “Law”). The Law aims to keep up with technological advancements to...

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June 16th, 2023
Legal Updates

The Central Bank of Kuwait Issues its New Instructions on the Electronic Payment of Funds

In May 2023, the Central Bank of Kuwait (“CBK”) has, by virtue of Decision No. 45/471 of 2023, amended the Instructions for Regulating the Electronic Payment of Funds (“New Regulatory Instructions“), which revokes the previous...

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June 14th, 2023
Legal Updates

Civil Transactions Law – Breaking Legal News in Kingdom of Saudi Arabia

The Kingdom of Saudi Arabia (“KSA”) Council of Ministers has approved the Civil Transactions Law (“CTL”) in its session on 13 June 2023.  The CTL represents a new era in KSA jurisprudence.  Currently, the General...

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