Category: Legal Updates

April 1st, 2024
Legal Updates

OVERVIEW ON THE NEW DECREES REGULATING AGENCIES IN UAE – SERIES 1

INTRODUCTION: The Minister of Economy in the United Arab Emirates (“UAE“) has issued a couple of decrees regulating agencies’ activities and framework in the UAE. These are Decree No. (214) of 2023 on Registration of...

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March 28th, 2024
Legal Updates

Understanding New principle released by Egyptian Court of Cassation/ Appeal No.169 of Judicial year 90

In the Egyptian legal system, evidence law principles form the basis of fair trials and justice. Central to this system is the rule of burden of proof, which delineates the responsibility of parties to prove...

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March 25th, 2024
Legal Updates

Taxation of Foreign Banks in Dubai: A Continuation of the Status Quo

The core of this update is the clarification provided by the Dubai government regarding the taxation of banking profits. This new decree does not introduce a new tax. On the contrary, the critical takeaway is...

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March 24th, 2024
Legal Updates

Combating Anti-Competitive Practices in Egypt’s Telecommunications Sector Egypt

In the realm of enforcing the provisions of the law and confronting monopolistic practices, the Egyptian Competition Authority (“ECA“) has taken action against a telecommunications company for abusing its dominant position by forcing customers to...

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March 20th, 2024
Announcements

Press Release: New Data Sovereignty Draft Public Policy

The Saudi Data and Artificial Intelligence Authority (“SDAIA”) has announced the release of its Data Sovereignty Public Policy Paper (the “Policy”), which outlines, inter alia, the regulator’s sentiments on data sovereignty principles. The Policy was...

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March 18th, 2024
Legal Updates

Navigating New Horizons: the Abu Dhabi Arbitration Centre’s new Arbitration Rules

The Abu Dhabi Commercial Conciliation and Arbitration Centre (“ADCCAC”) marks a significant transformation in Abu Dhabi’s arbitration landscape. Effective from February 1, 2024, the Arbitration Rules (“Arbitration Rules 2024”) sets the ground for a new...

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March 14th, 2024
Legal Updates

Exploring the EU’s AI Act and Potential Prospects for the GCC Region

Earlier this year, the EU unanimously endorsed the passage of the Artificial Intelligence Act (the “Act”). The Act’s initial proposal, put forth by The European Commission back in April 2021, laid out comprehensive standards and...

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March 11th, 2024
Legal Updates

Cabinet Decree No.77 of 2023 – New Investment Incentives in Egypt

The Prime Minister signed on the Ministerial Decree No.77/2023 (the “Decree”) that was issued on 28 December 2023, in relation to investment incentives in Egypt. In alignment with the current necessity for economic growth and...

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March 3rd, 2024
Legal Updates

CONSEQUENCES! FIRST ECONOMIC CONCENTRATION FINE BY THE SAUDI GENERAL AUTHORITY FOR COMPETITION, SINCE OCTOBER 2020, FOR FAILURE TO NOTIFY AN ECONOMIC CONCENTRATION.

Only for the second time since the implementation of the Saudi Competition Law (Royal Decree No (M75) of 1440H) (the “Competition Law”),  The Saudi General Authority for Competition (“GAC”) has fined two companies for their...

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