Changes to Certificates of Origin & Customs Voluntary Disclosure System in the UAE
INTRODUCTION Determining the correct country of origin for imported goods is a critical aspect of customs compliance in the UAE. Misclassification or incorrect documentation can lead to legal and financial consequences for importers. This article...
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GLA & Co Advises Al Mustaqbal Holding on Strategic Acquisition of Stake in Dima Capital
GLA & Company is pleased to announce its role as legal counsel to an investment consortium led by Al Mustaqbal Holding Company in its strategic acquisition of a stake in Dima Capital Investment Company from...
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GLA & Co Acts for Digitus in Kuwait’s Google Data Center Expansion
GLA & Company is proud to announce its instrumental role in facilitating a significant multi-year agreement between Digitus DC, a leading provider of data center and digital infrastructure solutions and a subsidiary of Hayat for...
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GLA & Co Announces Strategic Association with Gulf Legal Consultants (GLC) in the State of Qatar
Regional MENA-based law firm GLA & Co is pleased to announce its strategic association in the State of Qatar with prominent local firm Gulf Legal Consultants – the Law Offices of Dr Jumah Nasser Al-Kaabi...
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Understanding the KDIPA License in Kuwait: Essential Considerations for Foreign Investors
Overview of the KDIPA License and Legal Framework Kuwait’s efforts to attract and stimulate both foreign and local direct investment are grounded in Law No. 116 of 2013 regarding the Promotion of Direct Investment in...
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GLA & Company Acts for OMS Energy Technologies in Landmark Nasdaq IPO
GLA & Company is proud to announce that it has served as local counsel in the Kingdom of Saudi Arabia (KSA) for Singapore-based OMS Energy Technologies’ subsidiary OMS Oilfield Services Arabia Ltd in connection with...
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Close-out Netting and related Collateral Arrangements Regulation
Introduction The Saudi Central Bank (SAMA) has recently introduced the “Close-out Netting and Related Collateral Arrangements Regulation” to enhance financial stability and provide legal certainty in financial transactions. The regulation ensures that netting agreements and...
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New Ultimate Beneficial Ownership Rules in Saudi Arabia: A Step Toward Greater Corporate Transparency
Saudi Arabia has taken a significant step toward enhancing corporate transparency and aligning with international standards by issuing the Minister of Commerce Decision No. 235 of 1446 (“UBO Rules”). This decision introduces new requirements for disclosing...
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QFC Court issues Landmark Judgment on Opt-In Jurisdiction
Overview The Appellate Division (Lord Thomas of Cwmgiedd, President, and Justices Sir William Blair and Dr Hasan Al-Sayed) of the Qatar Financial Centre Civil and Commercial Court recently handed down a landmark decision in University...
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