Mondaq Middle East & Africa: All Topics
The ruling of the English Court of Appeal in The Princess of the Stars that a "follow the settlements" clause in a reinsurance policy does not negate or impinge on the general rule that a stay of English court proceedings, should be granted only in rare and compelling circumstances.
An investigative audit, as its name implies, combines two professional elements with essentially different attributes: accounting auditing and investigation.
We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during 2012.
A discussion on the formulation of a central tool as a necessary condition in evaluating the validity and applicability of the "professional solution" provided via an expert opinion by an expert, and no less important by decision makers and those affected by them in court cases.
In many economic and financial disputes that brought before the courts for resolution, the gap between the positions of the opposing parties may be extremely significant in monetary terms.
This article is based on Mr. Bergman professional hand writing intended to be published during 2012.
The General National Congress of Libya approved Law No. 13 of 2013, "The Political and Administrative Isolation Law", which precludes officials of the former Gaddafi regime from holding a position in the new government or parliament, as well as positions of leadership in various other institutions including the judiciary, universities, the military and the media.
Libyan Central Bank Governor’s Resolution No. (1) of 2013 on the Regulation of Foreign Currencies Trading and the Determination of the Powers Required for Execution of Foreign Transfers for all Purposes.
Investment Fund Regulation and Libyan Central Bank Governor’s Resolution No. (17) of 2013 on the Formation of an Investment Fund Control Committee.
At present Libya has no operational railway system and lags behind its neighbouring countries such as Tunisia and Egypt.
On 15 January 2013, the Libyan Ministry of Economy issued Decree No 22 of 2013 amending Decree No. 207 of 2012 in regards to foreign shareholding percentages.
The Ministry of Labour in Saudi Arabia is currently targeting expatriates in Saudi Arabia that are working for businesses other than their visa sponsors.
In 1931 King Abdulazziz al-Saud, the founder of the modern Kingdom of Saudi Arabia, appointed a geologist to investigate the possible existence of oil and minerals in national territory.
The Kingdom of Saudi Arabia is now soliciting comments on its recently unveiled draft plan to tap the sun and other renewables as major domestic energy sources.
The Saudi Arabian Monetary Authority has issued the outsourcing regulation for insurance and reinsurance companies and insurance services providers operating in the Kingdom of Saudi Arabia.
The Council of Ministers of the Kingdom of Saudi Arabia recently approved a new arbitration law.
The Financial Mail reported in its January 25 edition that SARS is considering changing the basis of customs valuations from the present free-on-board principle to a valuation based upon cost, insurance and freight.
Johannesburg, 12 April 2013 – A meeting to assess practical ways for business to engage in implementing the NDP successfully was held at KPMG Wanooka Place in Parktown, Johannesburg yesterday, facilitated by KPMG and Business Leadership South Africa (BLSA), with the commissioners of the National Development Plan (NDP), including The Honourable Minister of the National Planning Commission (NPC), Trevor Manuel, and several prominent business leaders.
Beyoncé and Jay-Z have applied to register their daughter’s name as a trade mark for baby products within a month of the child’s birth.
BMW had sued Grandmark, a company that is a major supplier of replacement parts, in other words vehicle parts that aren't manufactured by the vehicle manufacturers themselves but rather by independent companies, and that often cost a fraction of the price of the originals.
The Silver Book was FIDIC's response to market demands for greater risk security and cost and time certainty in construction projects.
Given the current situation in Libya, consultants, contractors and developers of infrastructure projects should continue to focus their attention on future opportunities in the country.
Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, has issued on 11 February 2013 a federal decree bearing no. 15 of 2013 establishing a new financial free zone in the emirate of Abu Dhabi.
A discussion on the matters of inheritance for non-Muslim ex-pats in Dubai.
A discussion on the ways of handling disputes in the UAE.
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From a tax perspective, it must be said that the number of proposed changes to the various fiscal Acts are considerably fewer than in prior years.
On July 26, 2012, the King of Bahrain issued new labour Law No. 36 of 2012. The New Law repeals and replaces the old labour law (No. 23 of 1976).
Under the 1973 Companies Act non-subscribers could either be elected to the board of directors or appointed by the board in order to fill a casual vacancy.
Employment relationships in the United Arab Emirates are governed by Federal Law No.8 of 1980 Regulating Labour Relations as amended by Federal Laws No.24 of 1981, No.15 of 1985 and No.12 of 1986 (the Labour Law).
As the name implies, end of service gratuity is an amount of money that every employee is entitled to receive, and every employer is liable to pay, upon termination of an employment relationship in the UAE, provided that the employee meets the conditions set out in the Labour Law (UAE Federal Law No.8 of 1980).
A discussion on the restrictions to the capital gains exemption which normally applies to individuals selling their home.
One of the most debated issues in an employment agreement is the legality of restrictive covenant provisions, such as a non-compete clause which prevents employees from working for a competitor upon termination of their employment agreement.
The following essay discusses briefly the important aspects of Labour Law in the UAE.
It is mandatory for an expatriate employee to sign a labour contract in the format stipulated by the Ministry of Labour prior to commencing employment.
Unlike in the past few years, there have certainly been some surprises sprung on taxpayers by the Minister in his Budget Speech.
