Category: Legal Updates
Egypt Enacts Egyptian Nationality Exemption for Importers Register
Egypt has passed Law No. 173 of 2023 (“Recent Law”), introducing a significant exemption from the first paragraph of (Secondly (5)) of Article 2 of Law No. 121 of 1982 regarding the Egyptian national requirement...
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New Amendment to Federal Arbitration Law in UAE
With recent developments in arbitration regimes globally and in the MENA region specifically, UAE joins the masses and enacts a new law that amends certain provisions of the Federal Arbitration Law No. (6) of 2018...
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Merger control regime in UAE – Briefing of the UAE Merger Control Chambers guide
Four pieces of legislation should be read together to understand the framework of antitrust and merger control in the UAE. This legislation significantly interlinks to display the bigger picture for complying with the antitrust and...
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Implications of an Undocumented Employment Contract
INTRODUCTION Evidence of an employer-employee relationship is of paramount importance particularly in cases when it is terminated. A court judgment issued by North Cairo Court of First Instance No. 1278 of 2019 (“Court Judgment”) is...
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Egypt Approves Double Taxation Avoidance Agreement with Qatar
Egypt – In a significant move for international economic cooperation, President Abdel Fattah El Sisi has issued Decree No. 254 of 2023, officially approving a Double Taxation Avoidance Agreement (DTAA) with Qatar. The agreement focuses...
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The Latest Decisions by FRA
The Financial Regulatory Authority (“FRA”) has recently issued two crucial decrees, Decree No. 177 of 2023 amending the Listing Rules issued by virtue of the FRA decision No. 11 of 2014 and Decree No. 178...
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Now That We Are Here: What to Anticipate from UAE Cabinet Decree No. 38 Of 2022 Entering into Force.
Introduction Issued on 21 April 2022, the UAE Cabinet Decree No. (38) of 2022 Concerning the Attestation Fees of Documents, Bills and Certificates of Origin Provided by the Ministry of Foreign Affairs and International Cooperation...
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Implementation of Ultimate Beneficial Ownership Disclosure Requirement
The Kuwait Ministry of Commerce and Industry (“MOCI”) has informally confirmed to GLA & Co that it is set to begin enforcement of Resolution No. 4 of 2023 as amended (“Resolution”) governing disclosure of ultimate...
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Risk Management and Internal Control Standards for Insurance Companies in the UAE
The Central Bank of the UAE has recently enacted regulations on Risk Management and Internal Control Standards which are applicable on insurance companies, including foreign insurers licensed in the UAE. Our team sheds light on...
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