New Initiatives for the Advancement of E-Commerce in Uzbekistan
Legislative Updates in E-Commerce Uzbekistan – January 2025 New Initiatives for the Advancement of E-Commerce in Uzbekistan On December 26, 2024, the Cabinet of Ministers of the Republic of Uzbekistan (“Uzbekistan”) adopted Resolution No. 885 “On Measures for the Further Development with the sphere E-Commerce in the Republic of Uzbekistan” (the “Regulation …
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Amendments to the Rules for procurement of medicines and medical devices in Kazakhstan
On December 27, 2024, in pursuance of the Roadmap for the Elimination of Corruption Risks identified in the operation of SK-Pharmacy LLP and the Action Plan approved based on the results of the audit by the Supreme Audit Chamber, the Minister of Health of the Republic of Kazakhstan issued the Order No. 112 (the “Order …
Why landlords must eliminate hazards
The Rentersʼ Rights Bill has been described by Deputy Prime Minister Angela Raynor as “a wave of bold action” to ensure that all homes are “decent, safe and warm”.
Understanding the New Competition Law in the UAE
Introduction: The UAE has introduced a new competition law and abrogated the old competition law, federal law No. 4 of 2012. The new federal decree law No. 36 of 2023 on the regulation of competition sets forth competition practices and measures against commercial monopolies. By introducing new rules and regulations, as well as penalties that …
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The 2025 E-Invoicing Rollout in the UAE
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing process will be mandatory for all business to business (B2B) and business to government (B2G) transactions, regardless of the VAT registration status of the entities involved. E-Invoicing E-invoice means an electronic invoice that is generated in …
Cheque Bounce in 2025
Cheque In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is called the drawer, while the person to whom the cheque is issued is the bearer. …
New Regulations on Driving License and Vehicle Registration
Obtaining a driver’s license is a rite of passage for every individual. It is a symbol of coming of age for teenagers and young adults, as well as the first significant step that one takes after moving to a new country. The driver’s license issued by the UAE government allows an individual to drive in …
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REGULATIONS ON VIRTUAL ASSETS TO COUNTER PROLIFERATION FINANCING AND PREVENT MONEY LAUNDERING
The advent and rise of cryptocurrency have been a disruptor to the traditional currency system. Even outside the virtual aspect of the currency, the concept is novel due to its accessibility and the level of anonymity available to its users and the swiftness with which a large amount of money can be transferred to any …
Preventive Settlement and Restructuring Procedures Under the UAE Bankruptcy Laws
Running a business involves taking risks in order to continue to scale new grounds. Sometimes, these risks may not be successful, leading to debts. Even without risks, debts may be incurred as a result of not being able to generate profits due to the changing market trends. Thus, loss in business and falling into debts …
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Essential best practices to mitigate greenwashing
In the first article of the series, which explored ‘What greenwashing risks mean for the legal profession’, we outlined the key principles that legal and risk management professionals are to follow to mitigate such risks. These include: