Category: Legal Updates

July 25th, 2023
Legal Updates

Egypt 2030 Vision and the FRA Decrees

It is argued that finance would only react to the expectation of growth, however, researchers have evidenced that the financial development plays a prominent role in the entire nation’s growth. Egypt is currently witnessing the...

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July 23rd, 2023
Legal Updates

The Latest CBE Regulations on Digital Banking

In efforts to achieve Egypt vision 2030, the Central Bank of Egypt has recently issued new regulations which regularize and govern digital banks. Our team provide an overview on these regulations and would be delighted...

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July 19th, 2023
Legal Updates

Regulatory Regime for Real Estate: Fostering Growth and Development

In recent years the real estate sector in the Kingdom of Saudi Arabia (“KSA” or “Kingdom”) has undergone reorganisation and now falls under the ambit of the Real Estate General Authority (“REGA”), which was established...

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July 17th, 2023
Legal Updates

An Overview of Saudi Arabia’s Bankruptcy Law: Procedures and Implications

Introduction In the Saudi legal system, distressed persons (individuals involved in business and corporations) currently have a number of liquidation procedures (including protective settlement procedures, financial restructuring procedures, and liquidation procedures) that they can resort...

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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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