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El-Aref International Law Office July Newsletter

October 2010

Continuing and developing the activity of the firm over last several months, El-Aref International Law Office has recently successfully advised and acted as counsel in the following matters in Europe and in the MENA Region.

l-Aref Int’l Law Office advises on Corporate Governance to Petro Services in the United Arab Emirates

June 2010 - El-Aref International Law Office acted as legal adviser to Petro Services corporation in Ras El-Khaimah Free Trade Zone in the United Arab Emirates in connection with restructuring of the corporation by amending the Bylaws, Creating Governance and Nominating Committee, Creating Corporate Governance Guidelines, and restructuring of the authorized powers of the Corporations’ Officers.

v  El-Aref Int’l Law Office acted as Of Counsel on Maritime Disputes and International Business Transactions in Paris

June 2010 - El-Aref Int’l Law Office acted as Of Counsel legal advisors in International Business Transactions with its associated Firm in Paris on the Litigation related to the Dispute between Carriers and Buyers, such complaint included the claim of (258) Million Euros against the Carriers for the transportation and Shipment disputes, such defense was mainly supported by under the Vienna Convention on the International Sale of Goods.

 v  El-Aref Int’l Law Office advises Arqaam Capital on the incorporation in Lebanon

June 2010 – El-Aref Int’l Law Office has been recently appointed as the outside Law Firm of Arqaam Capital, and accordingly advised the Investment Bankers on matters related to incorporation in Lebanon, eligibility requirements and treatment of foreign owners and the taxation issues related to corporations by virtue of Lebanese Tax Laws. 

v  El-Aref Int’l Law Office advises First National Bank on deduction of Dividend Taxes

June 2010 – El-Aref Int’l Law Office has recently advised First National Bank on the deduction of the dividend tax from 10 % to 5 % of the Cash dividends, this deduction was based on the grounds of having more than 20 % of existing shareholders as an outside Middle East corporation listed in Kuwait Stock Exchange.

v  El-Aref Int’l Law Office advises BBC on opening a REP Office in Lebanon

July 2010 – El-Aref Int’l Law Office has been recently appointed as the outside Law Firm of British Broadcasting Corporation (BBC), and accordingly advised on creating a REP Office in Lebanon and comparison of different structures. 

v  El-Aref Int’l Law Office acts as legal advisers in Education Law Practice

July 2010 – El-Aref Int’l Law Office has been recently appointed as the outside Law Firm of Higher Education Consulting Group, and has advised on creating trusted partnerships with Higher Education Organizations in Washington, DC and in Jordan.

v  El-Aref Int’l Law Office advises Education Firms in Grants from the U.S Department of State

July 2010 – El-Aref Int’l Law Office has recently advised its Client EduConsult, LLC. an education firm on formation of the business entity in Delaware and the incentives, registration of Trademarks in the United States Patent and Trademark Office, and advised on eligibility and process of U.S Grants with the Middle East Partnership Initiative Bureau of Near Eastern Affairs at the U.S. Department of State, the funding was up to 2,400,000 US Dollars.

v  El-Aref International Law Office advises its Client in Iraq on its prospective Joint Venture with Hunt Oil Company;

July 2010 –El-Aref International Law Office recently advised its Iraqi Client on its 50/50% joint venture with Hunt Oil Company

v  El-Aref International Law Office acts as a legal adviser to International Islamic Trade Finance Corporation (ITFC), a Member of the Islamic Development Bank Group (ISDB Group);

July 2010 –El-Aref International Law Office recently advised its Saudi Client,  International Islamic Trade Finance Corporation (ITFC), a Member of the Islamic Development Bank Group (ISDB Group) on Promissory Notes, Mortgages and Security Interests for Foreign Banks acting in Lebanon, and the requirements and eligibility conditions pertaining to foreign Banks recording and enforcing such enforceable Security Interests in Lebanon. 

We hope that our expanded resources, timeliness, and additional expertise will be beneficial to all of our clients and friends.

We look forward to our continued relationship.

      Sincerely,

      El-Aref International Law Office

www.elareflaw.com/

While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ. For specific technical or legal advice on the information provided and related topics, please contact us at newsletter@elareflaw.com.  

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