Highlights from the General Authority for Competition in 2022 Part 1
The General Authority for Competition (“GAC”) in the Kingdom of Saudi Arabia (“KSA”) has recently released its comprehensive annual report for the year 2022 (“GAC Report”). This eagerly anticipated report not only highlights the diligent...
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Saudi Arabia Joins the CISG: A New Era for International Trade
The United Nations Convention on Contracts for International Sale of Goods (CISG), also known as the Vienna Convention, is an international treaty that establishes a uniform set of rules governing contracts which provide a modern,...
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Transforming the Insurance Landscape: New Insurtech Rules in Saudi Arabia
The Kingdom of Saudi Arabia (“KSA”), known for its rapid digital transformation initiatives, has recently introduced groundbreaking regulations to foster the growth of the Insurtech Rules in the country. The new Insurtech Rules issued under...
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GLA & Co shortlisted in IFLR Middle East Awards
In its first year of submissions to the IFLR for its Middle East Awards, GLA & Co has been shortlisted for two prestigious categories. First, Equity Deal of the Year for its work on the...
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New resolutions issued by MOCI for all the Kuwait Shareholding Companies
On August 17, 2023, the Ministry of Commerce and Industry (“MOCI“) issued two significant resolutions pertaining to the deduction of 1% from the total annual revenues of the Kuwait Shareholding Companies (“KSCs“) for the Kuwait...
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The New Amendments to the Egyptian Investment Law: A landscape of unwavering change
In an aim to revitalize and enhance the investment landscape, the Egyptian government is constantly seeking to undertake and implement new changes to attract both foreign and domestic investments. This strive for change has been...
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The UAE Corporate Tax Saga Continues: Cabinet and Minister Decisions to Paint a Vivid Picture of the Corporate Tax Law
Introduction In late 2022, the government of the United Arab of Emirates (“UAE”) revealed its plans for a complete overhauling of the current UAE tax regime. With the introduction of the UAE’s Federal Decree-Law No....
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GLA & Company Acts as Lead Counsel for Sellers in 35% Stake in Gissah to Jadwa
GLA & Company acted as sole legal counsel for Sellers Bait Al Aseel and Mr. Bashar Al Ameer in the sale of 35% of their stake in Gissah Perfumes Company ahead of the fragrance company’s...
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DIFC Adequacy Decision for the California Consumer Privacy Act
The Commissioner of Data Protection (“Commissioner”) of the Dubai International Financial Centre (“DIFC”) recently issued an adequacy decision establishing equivalence and alignment between the amended version of the California Consumer Privacy Act of 2018 (“CCPA”)...
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