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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Highlights from the General Authority for Competition in 2022 Part 2
The General Authority for Competition (“GAC”) in Saudi Arabia (“KSA”) has been making significant strides in promoting fair competition and economic growth in the country. In its recently released annual report (“GAC Report”), GAC underscored...
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The Last Piece: Reading into The Executive Regulations of the new UAE Tax Procedures Law
Introduction As the overhauling of the UAE tax regime comes to a conclusion, the United Arab of Emirates (“UAE”) Cabinet (the “Cabinet”) issued its decision no. 74 of 2023 on the Executive Regulation of Federal...
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The Egyptian Competition Authority Brings Criminal Claims Against 14 Violators for Fixing Prices
The Egyptian Competition Authority (“ECA”) is currently investigating and examining the possible violations of its rules and regulations specifically in the market sectors of Aluminum, steel, manufacturing of utensils and other products. With the start...
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General Authority for Competition (GAC) and Competition Protection Agency (CPA) Cooperation
The Saudi Council of Ministers has announced, during its session held on September 19, 2023, the authorization of the Chairman of the Board of Directors of the General Authority for Competition – or his representative...
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New Environmental Protection Measures and New Kuwait Vision
In an effort to comply with newly enacted global environmental protection measures, the Municipality of the State of Kuwait has recently issued Ministerial Decree No.354 of 2023 to enforce regulations of municipalities’ waste management and...
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Executive Regulations of Law No.1/2023 concerning prevention of Conflict of Interest
In an aim to framework conflict of interest disclosure in the state of Kuwait, the Executive Regulations (the “Regulations”) of Law No.1 for year 2023 (the “Conflict of Interest Law”) concerning the prevention of conflict...
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Congratulations to our Senior Partner on another tremendous legal victory.
We are proud to announce the groundbreaking achievement of our Senior Partner Nader Al Awadhi in his historic courtroom victory!! Mr. Al Awadhi successfully advocated on behalf of First Investment Company (“FIC”), a Kuwait stock-listed...
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MOCI issued new resolution regarding registering a tradename in Kuwait
Recently, the Ministry of Commerce and Industry (“MOCI“) issued resolution No. 127 of 2023 setting forth the new regulations regarding registering a tradename in Kuwait (“Decree”). The Decree sets out several requirements and restrictions which...
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