Application for an Anti-Suit Injunction: Dismissed
Legal update on the dismissal of the anti-suit injunction in the groundbreaking DIFC case of ED&F Man Capital Markets MENA Ltd v RJ O'Brien MENA Capital Ltd (and others). Read more…
New Services by Dubai Rental Disputes Centre
On 8 October, the Rental Disputes Centre in Dubai launched the Rental Good Conduct Certificate service.
Office for Competition Issues its First Commitments Decision
The Office for Competition has adopted what appears to be its first commitments decision, in a case where it raised concerns about exclusivity agreements lasting for five years or more.
Cases of a Criminal Nature have to be Heard by a Court at Every Stage of the Proceedings
Cases of a criminal nature, including cases where an administrative penalty which has a deterrent or punitive effect is imposed, should be heard by a court at every stage of the proceedings.
Quarterly Update on Trade Defense Cases in Turkey (September 2018)
After Turkey's recent change to executive presidency, the President has made some changes in the government system.
Netting arrangements in Qualified Financial Contracts made enforceable
Federal Decree-Law 10 of 2018 on Netting (the Netting Law) was published in the UAE Federal Gazette on 30 September 2018 and will take effect on 30 October 2018 (the Effective Date). It is a significant development to the derivatives framework in the UAE, in terms of both the legal enforceability of such arrangements and the …
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Mozambique | Spectrum Auction
The Mozambique Government has recently published in the Official Gazette Resolution no. 12/2018, of April 25, determining the authorisation for the launch of an auction procedure for the grant of rights of use of radio frequencies in the 800MHz, 1800MHz and 2600MHz bands. The base bidding prices shall be set by a Joint Order to …
Employment & Benefits
Update of the Social Support Indexation (IAS)’s value It was published in the National Official Journey the Decree no. 21/2018 updating the annual Social Support Indexation (IAS)’s value, which is now € 428.90.
Regulations On Abandonment And Decommissioning Of Upstream Oil And Gas Facilities
Presidential Decree 91/18, of 10 April 2018 (“PD 91/18”) enacted the regulations on abandonment and decommissioning of upstream oil and gas facilities located in Angola. Below you will find an overview of PD 91/18.
Anti-money Laundering And Combating Terrorist Financing
On 26 September 2018, the Bank of Portugal issued Notice no. 2/2018 (“Notice 2/2018”), which sets out the conditions for compliance with the prevention of money laundering and combating terrorist financing (“AML/CTF”), complementing Law no. 83/2017 (“Law 83/2017”), regulating the means and mechanisms necessary for financial entities to comply with the duties set forth in …
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