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Legal market overview
The Saudi Arabian market has generally slowed down due to the drop in oil prices, and many projects are on hold as the government is channelling more funds into defence investments due to concerns over the war in Yemen and regional instability. Despite the geopolitical tension, corporate activity continued unabated with healthcare and education being key targets of investment. Notably, the government made efforts to further liberalise the capital markets and open them to foreign investment. That said, the Capital Markets Authority (CMA) has recently been more selective regarding domestic applications for IPOs and has put on hold most.
Clifford Chance LLP and Clyde & Co are the first two law firms in the Kingdom to establish joint Saudi and foreign owned law partnerships. In other noteworthy developments, Law Firm of Hassan Mahassni In association with Dechert LLP’s association arrangement was formed in September 2015 and Mohammed Al-Jadaan left Al-Jadaan & Partners Law Firm after being appointed as the chairman of the CMA in January 2015. Law Firm of AlSalloum and AlToaimi in association with White & Case LLP is the new name of the US firm’s local alliance, following the cessation of relations with Waleed Al-Nuwaiser.
The In-House Lawyer
International comparative guides
In association with a leading international law firm, Legalease are producing a series of online country comparative legal guides, designed to give the in-house community greater insight to the law and regulations in unfamiliar jurisdictions.
Legal Business: country analysis
Behind the veil – Can Islamic finance live up to the sales pitch?
Islamic finance flourished during the downturn and has
emerged as a significant practice for both Middle East and international firms. How sustainable is the workflow and what lies ahead for the key players?
Click here to read the feature.
Client insight -
Bridging the Gulf
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Search News and Articles
by Jeremy Scott - firstname.lastname@example.org
used mileage points interpreted as sales allowance deductible from tax base- Lee & Ko
Head of VEGAS LEX PPP and Infrastructure practice Denis Shtirbu moderated the session on transport cooperation and logistics at The Moscow Times conference, Doing Business with China. New Horizons for Business Cooperation: Russia – China .
GRP Rainer Rechtsanwälte has once again received awards, this time for the year 2017, from Corporate INTL for best law firm in the fields of commercial law and tax law in Germany.
The members of a sisterhood may also fall within the ambit of the regulations pertaining to what is termed labour leasing or temporary employment. That was the verdict of the Court of Justice of the European Union (CJEU) in its ruling of November 17, 2016 (Az.: C-216/15).
Barcelona – Gonzalo Butori and Graziano Cecchetti, Partners at the newly opened Giambrone Barcelona office, attended the 4 th edition of the International Trade Fair of the Legal Profession held by the Barcelona Bar Association (ICAB) on February 16 th and 17 th .
America’s Federal Bureau of Investigation (FBI) announced its intention of pursuing organisations involved in binary options fraud across the globe. The FBI’s Complex Financial Crimes Unit will seek to draw on the relationships that it has forged with law enforcement agencies worldwide to pursue and bring down the fraudulent organisations that prey on innocent victims and leave a trail of destruction in their wake.
VEGAS LEX experts have discussed procedural specifics of supporting cartel damage disputes at a Pravo.ru conference on judicial practice in 2016 and important 2017 trends.
NautaDutilh assisted Raizen Fuels Finance S.A., as issuer on its USD 500 million 5.3% senior notes offering which successfully closed on 20th January. The issuer is part of the Brazilian Raizen group, the world largest individual producer of sugar cane. The Raizen group also operates a network of more than 5,800 Shell-branded stations in Brazil.
Goltsblat BLP , the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing , the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.
Seriously offending one’s work colleagues constitutes good cause justifying exceptional notice of dismissal with immediate effect. That was the verdict of the Landesarbeitsgericht (LAG) Rheinland-Pfalz [Regional Labour Court of Rhineland-Palatinate] (Az.: 4 Sa 350/15).