Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
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Rail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
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Initial Public Offering - Qatar Introduction Qatar Exchange Company was established in 2009 replacing the Doha Securities Market. The exchange is monitored by Qatar Financial Market Authority (QFMA) and is a platform for trading various securities in the form of IPOs and other financial instruments. The Qatar Financial Centre (QFC)…
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Parallel Imports in Middle East and India Introduction Parallel Imports The term parallel import denotes importation of goods legitimately acquired from the owner of the goods subsequently sold in an unauthorized manner through unauthorized trade channels. These goods may also be referred to as grey market goods, since, despite being…
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A Guide on Patent Registration in the GCC “The Patent Office is the Mother-In-Law of Invention.” Introduction Senior MIT lecturer Joe Hadzima defines a patent as follows, “A patent is an exclusive right issued by a country to an inventor, allowing him to exclude others from manufacturing, using or selling…
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Agency Laws in the GCC Countries - An Extensive Guide Introduction The extension of the multinational partnership is either setting up its subsidiary in remote purview or to tie up with the local organization in a foreign jurisdiction. United Arab Emirates (UAE) is one of the distant locals where international…
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The word 'efficiency' may not mean much for those of you who were absent during economics class in school. It is a term around which the whole concept of economic studies in based. Investopedia[i] defines 'efficiency' as the allocation of resources in an optimal manner to serve a company…
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Cyber Crimes & Courts Jurisdiction (by default) is the practical and ultimate authority within the legal society to administer, review and to execute laws and regulations within a well-defined area of region and responsibility. Therefore, immediately following the commission of a crime within a particular state, the judicial body in that province…
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Trademark Registration in GCC Countries Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits Trademark Registration in UAE United Arab Emirates (the UAE ). The UAE Trademark Law Number 37 of 1992 was amended by Law number…
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Construction Law and the Application of Time Power can not confer to what does not exist. Humankind has needed something to organize and structure his life, so we created time. So that, we using time as a benchmark can keep ourselves in check. It is, essentially, a social construct,…
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Guarantee - Law, and Practice in UAE “Credit is a 'system' wherein a person who can't pay, gets another person who can't pay, to guarantee that he can pay.” - Charles Dickens In this modern world of fragile finances, the irony of Charles Dickens’ statement is well understood.…
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FIDIC in the Middle East - The Must Knows for Industry Players The UAE industry has seldom been ignorant to internationally set standards- that in more than one ways. Originally established as an organization by three founding countries Belgium, France, and Switzerland- today FIDIC, which is an abbreviation…
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Different Strokes for Different Courts In January of 2012, Macy’s, a renowned retail store, decided to sue Martha Stewart for entering into a contract with a rival retail store J.C. Penney, which they claimed breached their own contract with Martha Stewart for exclusive products in 2006. This led to a…
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Trademark Registration in Middle East Countries Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits Iraq Law Number 21 of 1957 being the Iraq Trademark and Geographical Indications Law . Iraq has sought permanent membership in…
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