Sohar Free Zone What law established this free zone? A Ministerial Committee to was set up by His Majesty Sultan Qaboos bin Said establish a new Port in SOHAR in 1995 and to develop the Port of Salalah, formerly called Raysut. The Government of Oman and Port of Rotterdam signed…
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TECOM Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone Companies Regulations…
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The impact of Pandora papers Pandora paper is a journalistic investigation based on a major leak of about 12 million archives revealing the uncovered wealth, illegal tax avoidance and money laundering by some of the world’s richest and most influential people. It is the cooperation of more than 600 journalists…
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Ummal Quwain Freezone 1. What law established this freezone? The law establishing this freezone are as follows: Ummal Quwain Emiri Decree No. 2/1987 concerning the Incorporation of a Freezone in Ahmed Bin Rashid Port; Ummal Quwain Free Trade Zone Ordinance 1987; Ummal Quwain Law No. 1/2013 concerning ports, Customs, and…
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The Legality of Bitcoins and other Cryptocurrencies The terms Bitcoin & Cryptocurrency remained unfamiliar to the rest of the globe before Satoshi Nakamoto, the unidentified founder of Bitcoin, revealed the Electronic Cash System in late 2008. The idea swept the world's markets like wildfire, and investors all over the world…
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Dubai World Central Freezone 1. What law established this freezone? Dubai World Central (DWC) freezone was established under Dubai Law No. 8/2006, amended by Dubai Law No. 10/2015. 2. What are the main internal regulations governing this freezone? DWC is regulated by the DWC Free Zone and Administration Rules and…
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Federal Decree-Law Number 16 of 2021 on Factoring and Transfer of Civil Accounts Receivable The Government of the United Arab Emirates has recently brought in the Federal Decree-Law Number 16 of 2021 to deal with issues regarding the Factoring and Transfer of Accounts Receivable within the country. The New Law…
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Changes in Bankruptcy law in Australia post 2021 A legal process declaring that one is unable to pay his debts is called Bankruptcy. It can give relief from paying from most of the debts. In Australia, personal insolvency is regulated by The Bankruptcy Act, The Bankruptcy Regulations 2021 and the Insolvency Practice Rules…
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Law Number (11) Of 2021 on Land Register in Emirate of Ras Al Khaimah Introduction The UAE government has issued Federal Law Number (11) of 2021, which supersedes the former Industrial Property Law Number (31) of 2006 on the Regulation and Protection of Patents, Industrial Drawings, and Designs... The new…
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Foreign Direct Investment in Qatar: A Guide The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. - John Maynard Keynes. Foreign direct investment in Qatar has shown an upward trend during the past years. The country's political stability,…
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Evolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…
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Dispute Resolution in Qatar "Mediation is one of the most effective tools of nonviolence. It can turn parties away from conflict, towards compromise." - Miroslav Lajcak Qatar adopts a legal system based on the civil-law legal system, substantively and procedurally harmonized with Islamic law. Islamic Sharia is the source of…
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Intellectual property for Life Sciences: India “The history of patents includes a wealth of attempts to reward friends of the government and restrict or control dangerous technologies.” ― James Boyle In India, Patents are permitted in all fields of technology. The components deciding the patentability of innovation change for various technologies.…
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Whistleblowing Regime introduced by DFSA “Whistleblowers form a key part of a firm’s ability to detect, identify and escalate issues of misconduct, and the required Whistleblower policies and procedures play an important role in encouraging appropriate disclosures - F. Christopher Calabia, Chief Executive of the DFSA The Regime defines a…
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