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Legal Updates - Page- 3

23 Dec 2020

New ICC Arbitration Rules 2021

New ICC Arbitration Rules 2021 A new set of arbitration rules will come into force from 1st January 2021. The new rules are expected to revamp the procedural rules for conducting arbitration as laid down in the Arbitration Rules 2017 (old rules). The most notable changes brought about by the…

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22 Dec 2020

UK: Corporate Insolvency

UK: Corporate Insolvency and Governance Act, 2020 The insolvency laws in the UK have undergone a complete overhaul with the introduction of the Corporate Insolvency and Governance Act 2020. The key measures introduced by the Act are as follows; The Act has introduced a set of permanent and temporary measures;…

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17 Dec 2020

Dubai: Law Number 12 of 2020 on Contracts and Warehouse Management in Dubai Government

Dubai: Law Number 12 of 2020 on Contracts and Warehouse Management in Dubai Government  The Dubai Government recently has issued Law Number 12 of 2020 on contracts and warehouse management in Dubai government; the new Law aims to annul the provisions and amendments of Law Number 6 of 1997 on…

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16 Dec 2020

Dubai: Law Number 14 of 2020 regulating the timeshare industry in Dubai

Dubai: Law Number 14 of 2020 regulating the timeshare industry in Dubai To enhance the legal framework of Dubai’s economic sectors, including tourism, the government has introduced Law Number 14 of 2020 regulating the timeshare industry. What is the timeshare industry? A timeshare is a shared ownership model wherein property…

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15 Dec 2020

Kingdom of Saudi Arabia: Suspension of specific provisions of the Companies Law

Kingdom of Saudi Arabia: Suspension of specific provisions of the Companies Law The Ministry of Commerce has issued a Ministerial Resolution Number 348 eliminating specific provisions of the Companies Law. These exemptions are made to relieve entities from the burden of complying with specific requirements of the law which has…

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14 Dec 2020

Singapore: Covid-19 (Temporary Measures) Act, 2020

Singapore: Covid-19 (Temporary Measures) Act, 2020 A Legislation was recently passed by the Singapore government to temporarily relieve parties of their contractual obligations that may potentially give rise to adverse legal consequences if not honoured. The contracts that fall under the ambit of the Act are as follows; Commercial loans…

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