Securing and collateralizing debts has been a significant legal issue in the Kingdom of SaudiArabia (KSA) for a long time. Covered by more prominent topics, due to the current COVID Crisis

In our Legal Briefing dated May 4, 2020 we provided an overview of legal updates introduced by the Dubai Multi Commodities Center Authority ("DMCCA").

On 23 November 2020, through a Presidential Decree the UAE has introduced sweeping changes to Federal Law No. 2 of 2015 on Commercial Companies, whereby, among other things, it has been announced that 100% foreign ownership ...

Through Cabinet Decision No. 58 of 2020 ("Decision") the United Arab Emirates ("UAE") updated their corporate compliance regulations with regard to real beneficiaries (also referred to as ultimate beneficial owners, "UBO").

Similar to Abu Dhabi National Oil Company's (ADNOC) "In-Country Value" (ICV) program, the Abu Dhabi Department of Economic Development (ADDED) has soft-launched its own localisation program: Abu Dhabi Value or "ADV".

On 12 November 2020, Oman's Sultan Haitham bin Tariq Al Said enacted a new Law on Simplification of Certain Judicial Procedures in Specific Matters ("Law") by virtue of Sultani Decree No. 2020/125.

The spread of COVID-19 has disrupted the world's economy and poses a significant challenge for most businesses.

In September 2019, the Jebel Ali Free Zone Authority announced updates regarding the replacement of bank guarantees and introduced unlimited employment contracts for JAFZA-sponsored employees.

The Abu Dhabi National Oil Company (ADNOC) has implemented its localisation program (In Country Value or "ICV") in November 2017, taking effect in April 2018.

Mergers and acquisitions (M&As) is a general term that refers to the consolidation of companies through various types of transactions.

In April 2019, the UAE published its first Economic Substance Regulations (ESR) through Cabinet Decision No. 31 of 2019.

El 23 de noviembre de 2020, el gobierno de los Emiratos Árabes Unidos introdujo cambios sustanciales en la Ley Federal No. 2 de 2015 sobre Sociedades Comerciales.

his Legal Briefing provides an overview of the changes introduced by the New Rules.

The Jebel Ali Free Zone – the biggest and oldest free zone in the United Arab Emirates – has implemented two initiatives that were previously introduced in the mainland of the Emirate of Dubai in 2018:

CICPA is the authority responsible for providing necessary security and protection against any threats, acts of sabotage or potential and unexpected risks that may cause damage or disruption to the functioning of ...

Saudization, officially known as the Saudi nationalization scheme, is a workforce nationalization program in the Kingdom of Saudi Arabia that is designed to attract Saudi nationals to-wards the private sector.

This legal briefing provides an overview of the One Free Zone Passport Initiative and its potential implications.

Transfer Pricing (TP) is a set of rules that govern intercompany transactions and how they are treated from a corporate income tax point of view.

The Kingdom of Saudi-Arabia (KSA) is the largest economy in the Middle East & North Africa (MENA) region.

The spread of COVID-19 has disrupted the world's economy and poses a significant challenge for most businesses.