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New UAE’s Finance Leasing Law The United Arab Emirates is set to enact a new law, replacing the existing finance lease law (Federal Law No. 8 of 2018). Despite its publication in the Official Gazette, the new law is scheduled to take effect six months after its publication, specifically on…
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Trademark laws and Regulations in India A trademark serves as a distinct identifier for a company, its products, or services, distinguishing them from competitors. This can encompass words, signs, symbols, graphics, or a blend of these elements. Examples include Louis Vuitton's Damier Pattern, Cadbury's trademarked purple color, and Coca-Cola's unique…
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An Overview of Qatar's New Anti-Concealment Law In a strategic move towards upholding the rule of law and reinforcing transparency, Qatar's Amir Sheikh Tamim bin Hamad Al Thani has recently enacted a groundbreaking law designed to combat the concealment of non-Qatari individuals engaging in commercial, economic, and professional activities in…
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Saudi Arabia’s Proposed New Zakat and Tax Procedures Law In a significant stride towards economic diversification and in line with its Vision 2030 initiative, Saudi Arabia is poised to enact substantial reforms to its income tax and zakat regulations. The proposed Draft Laws aim to create a more welcoming business…
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The Crypto-Asset Exchange System in Bahrain Bahrain's forward-thinking fintech regulations, coupled with a commitment to fostering young tech talent, have successfully lured some of the globe's most inventive financial entities to the region. Notably, cryptocurrency exchange Binance recently secured its inaugural license as a crypto-asset provider within the Gulf Cooperation…
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Six New Laws to Regulate the Real Estate Sector in UAE In 2023, Dubai's dynamic property landscape is poised for significant transformations, solidifying its status as a top choice for both investors and homeowners. The Dubai Land Department (DLD) governs real estate laws and regulations, striving to safeguard the interests…
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UAE Corporate Tax 2023 The introduction of the UAE Corporate Tax law is poised to bring about substantial transformations in the landscape of UAE Tax and Transfer Pricing. The primary objective of the law is to focus taxation on business or business-related activity income, safeguarding personal income especially derived from…
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UAE’s New Pension Law The new Federal Decree Law No. (57) of 2023 introduced by the General Pension and Social Security Authority in the UAE aims to enhance the efficiency and sustainability of the country's pension and social security systems. Applicability and Transition The effective date of the new law…
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New Maritime law: Oman The Sultanate of Oman is not a signatory to the 1924 Hague Rules corresponding to Bills of lading nor the 1974 Athens convention in relation to the carriage of travelers, we presently see a modern local codification of identical insurances. In the numerous maritime regions where…
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Criminal Law System in the UAE The United Arab Emirates (UAE) boasts a criminal law system that is a unique blend of Islamic law, or Sharia, and modern civil law principles. This system is designed to address a wide range of criminal offenses, ensuring order and justice within the diverse…
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Saudi Arabia Civil Transactions law The Kingdom of Saudi Arabia (KSA) Civil Transactions Law enacted on 19 June 2023, by Royal Decree M/191, has now been published in the official gazette. It will come into effect 180 days from the date of publication, i.e. around 16 December 2023. The Law…
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Bahrain Labour Law Bahrain's labor law serves as the cornerstone for regulating the employment relationship between employers and employees, ensuring fair treatment, and fostering a healthy work environment. This article provides an overview of key aspects within Bahrain's labor law, emphasizing the rights and responsibilities it establishes for both parties.…
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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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