What is the foreign bribery law in the UAE?
What is bribery, and why is it an offence? Bribery refers to the offence of promising, offering or granting, either directly or indirectly, a person to either perform or to omit an act that is included in their duties or constitutes a violation of their duties.
What is the impact of ransomware on financial crime compliance in the UAE?
Ransomware attacks are now a bigger concern to major organizations around the world in. In this article we will discuss the major concerns around such attacks and the laws and regulations governing the same.
What are the changes in law proposed to allow divorce by mutual agreement to make it more convenient?
In the recent changes, a new decree-law on Personal status for non-Muslims in the emirate of Abu Dhabi has been enacted (hereinafter “New Decree”). The new Decree amends the previous practices applicable to the divorce of non-Muslims and allows the concept of unilateral divorce for the first time. The new Decree thus aims to provide …
What are the privileges of internal investigations in the UAE?
Senior administration, HR team, and consistence faculty of all enterprises and in a wide industry are approached against consistently with proof or charges of potential bad behavior at their organizations. These situations may extend from warning from the government for examination concerning claims of infringement of any government law by the partners or senior executives …
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Work patterns under the Federal Labour Law
Background: The Covid-19 pandemic and its global implications and fluctuations (the “Covid-19 Implications”) have negatively affected the global economy; however, the said pandemic highlighted several positive points that could not have been raised without the pandemic and the virus exposure all over the world. One of the most important positive points resulted from the Covid-19 …
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The Principle of Wilful Blindness and Its Implications in The Malaysian and English Legal Systems
The principle of wilful blindness has often been contested in courts. In criminal law, Wilful Blindness or ignorance of law refers to the ‘deliberate avoidance of knowledge of the facts’; that is, a person avoids gaining knowledge as a means of avoiding self-incrimination1. In its purest form, wilful blindness (also known as Nelsonian Blindness) refers …
2021 Updates to the Malaysian Code on Corporate Governance
“There is a strong need for good corporate governance and board leadership, especially as companies navigate the prolonged post pandemic recovery period.” Datuk Syed Zaid Albar Executive Chairman, Securities Commission Malaysia
Registering a Cosmetic Product in Malaysia
Introduction Cosmetic products in Malaysia are generally regulated under Sale of Drugs Act 1952 to be read together with Control of Drugs and Cosmetic Regulations 1984 (“CDCR”)1 and Guidelines for Control of Cosmetic Products in Malaysia (“Guidelines”). Under CDCR, a company which intends to manufacture, sell, supply, import and possess any cosmetic product must ensure …
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Carriage of Goods by Sea
There are many ways goods can be shipped by sea. Many exporters who sell abroad regularly will ship their goods in containers. If their volumes are sufficient to fill a container then the container will contain only their goods, this is a Full Container Load [FCL] shipment. If the goods are insufficient or consists of …
Value Added Tax Aspect of Disguised Profit Distribution Through Transfer Pricing
Disguised profit distribution through transfer pricing is one of the tax security methods regulated under Article 13 of Corporate Tax Law No. 5520 (“CTL”). Pursuant to this article, if corporations purchase or sell goods or services with related parties at prices determined contrary to the arm’s length principle, the profit is deemed to have been …
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