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Franchising 2020 1. Is there a specific law governing franchise relationships in this jurisdiction? The primary pieces of legislation with regard to franchise arrangements in Bahrain are the Commercial Agency Law, Bahrain Law No. 10/1992, as amended (the Agency Law) and its Implementing Regulation, Bahrain Regulation No. 2/1993 (the Implementing…
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Environment 2020 1. What is the main legislation governing contamination of land in this jurisdiction? What are the main penalties and how is liability determined? Bahrain Ministerial Order No. 21/1996 with respect to the Environment governs the issue of land contamination. Land is effectively protected by the prevention of indiscriminate…
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Competition 2020 Kingdom of Saudi Arabia 1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Board of the General Authority for Competition (the Board). The General Authority for Competition (the GAC). The Committee for Adjudication of Competition Law Violations (the Committee).…
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Competition 2020 Bahrain 1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Authority for Promotion and Protection of Competition. 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to notify the competition…
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1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection and Monopoly Prevention Centre (The Centre) The Board of the Centre (The Board) 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to…
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Competition 2020 Kuwait 1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection Authority (CPA). 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to notify the competition regulator? Each merging…
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Q&A Bahrain Banks 2020 1. What are the main laws regulating the banking sector in this jurisdiction and what do they cover? Laws relevant to the Banking sector in the Kingdom of Saudi Arabia include – - The Central Bank of Bahrain and Financial Institutions Law 2006 Bahrain Stock Exchange…
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Establishing Policies for Blockchain Technology Introduction Blockchain can be considered as a breakaway technology and is currently a hot topic that has been the subject of numerous studies across various industries. Blockchain is briefly defined as a shared ledger database that records and shares every transaction that occurs in the…
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Business Exit Strategy for a Family-Owned Business Introduction Companies like Walmart in the US and Reliance in India are some really successful examples of family-owned businesses. However, family and business are two parallel worlds that should ideally never meet. Operating a family business comes with its own challenges and results…
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Doing Business in the Kingdom of Saudi Arabia- Part I What is the legal system in the Kingdom of Saudi Arabia (KSA)? The legal system in the Kingdom is primarily based on: Civil law, heavily relying on Sharia law and Islamic teachings on matters that are not codified under the…
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The Legality of Backdating Contracts Introduction The “contract date”, seemingly a very basic concept, can contribute to some problems and confusion among parties contracting therein. The main issue that parties may face is regarding the interpretation of the dates mentioned in the contract. There are essentially three types of dates…
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Duress in Contract Law In UAE, all legal aspects in regards to contractual related issues are encapsulated under the UAE Civil Code and the UAE Commercial Code. It is difficult to establish between illegitimate and legitimate duress as in regards to commercial contracts, a certain level of duress is expected…
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Q&A guide to the commercialisation of healthcare in the United Arab Emirates Question Set: Medicines Question Body: What is the definition of medicine (or equivalent) in your jurisdiction? Answer Body: "Medical products" are defined in UAE law as "all drugs, medical devices or healthcare products". "Drug" is defined as "any…
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UBO Disclosure Requirements- UAE In recent years, counter-fraud, money laundering and terrorism funding have been the regulator's highest priority. Fraudulent parties conceal their service using offshore accounts, and authorities report fraudulent transacts routinely at fake emails, PO boxes or private residences. This term has taken on an increasingly significant role…
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