Category: 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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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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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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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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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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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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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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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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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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