GCC-EFTA Free Trade Agreement In an interlinked world, FTAs form an essential milestone for economic development and integration in this increasingly linked world. GCC-EFTA free trade agreement constitutes such a leap toward the expansion of economic relationship between these economic blocs. It is seen to enhance their trade in both…
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Oman’s new Banking Law: Royal Decree 2 of 2025 At the start of 2025, the banking and finance sector of Oman has faced radical changes following the issuance of four new Royal Decrees expected to change the landscape of its regulation. Effective 1 January 2025, the newly introduced Banking Law…
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UAE Bankruptcy Law The Financial Reorganisation and Bankruptcy Law by Federal Decree Law No. 51 of 2023 (the "Bankruptcy Law"), that comes into effect from May 1, 2024, brings about a whole new dimension to the legal and financial governance in the UAE. The Executive Regulation that the UAE Cabinet…
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Corporate Governance in India: Trends and Best Practices for 2025 Corporate governance, business ethics, and compliance strategies have now become the bedrock of success and sustainability of corporations in India. With increasing globalization and regulatory scrutiny, Indian companies are now compelled to adopt higher standards of accountability, transparency, and ethical…
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Securitization in Abu Dhabi: Opportunities and Legal Challenges Securitization has become an integral part of the global financial landscape, and Abu Dhabi is no exception. The emirate’s financial sector has increasingly adopted securitization techniques to enhance liquidity, manage risk, and create investment opportunities. This article delves into the concept of…
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Kuwait Ratifies Protocol to Double Tax Agreement with South Africa On 18 September 2024, Kuwait ratified the long-pending protocol (Protocol) to the 2004 South Africa-Kuwait double tax agreement (DTA). The Protocol, originally signed on 1 April 2021 and approved by South Africa’s National Assembly on 31 August 2022, introduces significant…
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UAE VAT Executive Regulations: Key Amendments and Business Implications On September 6, 2024, the UAE introduced major amendments to its VAT Executive Regulations (ER), which were later published in the Official Gazette No. 783 on September 16, 2024. These changes, effective from November 15, 2024, are designed to improve compliance,…
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Dubai Introduces New Taxation Law for Foreign Banks On March 8, 2024, Dubai enacted Law No. (1) of 2024 concerning the taxation of foreign banks operating within the emirate. This new legislation, which repeals Regulation No. (2) of 1996, aims to address concerns regarding potential tax increases following the introduction…
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An In-Depth Analysis of UAE Financial Restructuring and Bankruptcy Law In a significant legal overhaul, the United Arab Emirates (UAE) has embarked on a journey of insolvency reform with the promulgation of Federal Law No. 51 of 2023, heralding the dawn of the Financial and Bankruptcy Law, colloquially known as…
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SCA Introduction of Anti-Money Laundering Provisions In a bid to fortify its regulatory framework and enhance financial integrity, the United Arab Emirates Securities & Commodities Authority (SCA) has recently unveiled a pivotal amendment to its Rulebook, specifically targeting anti-money laundering (AML) measures and the combatting of terrorism financing and unlawful…
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Crypto Currencies and Legal Frameworks in the United Kingdom The world of cryptocurrency has experienced exponential growth over the past decade, revolutionizing traditional financial systems and opening up new avenues for investment and financial innovation. In the United Kingdom (UK), the rise of cryptocurrencies has prompted regulatory bodies to establish…
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Law of Agency in the US The law of agency in the United States plays a pivotal role in structuring and regulating relationships between individuals and entities, particularly in the realms of business, finance, and real estate. This area of law, which centers on interactions between agents and principals, is…
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Cryptocurrency Market in UAE The United Arab Emirates (UAE), known for its dynamic economy and technological advancements, has been making significant strides in embracing the world of cryptocurrencies. This article delves into the current state of the cryptocurrency market in the UAE, exploring regulatory developments, market trends, and the evolving…
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Overview of the Current Indirect Taxes in GCC The Gulf Cooperation Council (GCC) has undergone significant economic reforms in recent years, with a particular focus on the introduction and development of indirect taxes. This article provides an overview of the current state of indirect taxes in the GCC region. VAT…
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