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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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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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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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Enforcing Foreign Awards in China Requiring forced arbitration agreements limits consumer rights and protections. - Conor Lamb In 1987 the People’s Republic of China sanctioned the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. On 10 April 1987, the Supreme People’s Court of China issued…
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Establishing a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder being…
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Development of Blockchain Technology and NFTs in Singapore “I love this stuff - bitcoin, ethereum, blockchain technology and what the future holds”. Abigail Johnson Blockchain technology lays a foundation for many cryptocurrencies. Singapore is rising as one of the leading blockchain development countries in the world. Since the birth of…
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Force Majeure Events and Contract Clauses in the GCC Force Majeure is a French word that means a greater force in English. It is connected to the concept of the Act of God, where there is an unexpected happening of event. Although, Force Majeure is an exception as it includes not…
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NFT Regulations in Singapore Introduction Non-fungible tokens or NFTs are presently one of the most popular technology trends in the world. Non-fungible means that this token cannot be exchanged as it is unique, and every token has a unique code and metadata stored on a digital ledger. The property that…
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Legal Updates to DIFC’s Employment Law “Workers rights should be a central focus of development.” …
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Enforcing Foreign Awards in Qatar Arbitration has seen a tremendous increase in popularity in Qatar in recent years, including both national and international clients. The number of arbitration cases held in Qatar is on the rise, with many of them being international, with at least one party headquartered outside the country. To…
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Insolvency Regulations in Kuwait Kuwait is the most recent GCC nation to alter its bankruptcy laws. Kuwait modified its insolvency code in October 2020, enacting the long-awaited Bankruptcy Law (Kuwait Law No. 71/2020). This legislation emphasizes bankruptcy processes designed to maximize a debtor's worth for the profit of creditors and…
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Inheritance Law in the UAE “A leader’s lasting value is measured by succession.” …
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ADGM Regulations for SPVs and Foundation “Regulation needs to catch up with innovation” The ADGM's Registration Authority published a consultation document in October proposing a regulatory regime for the use of CSPs in the ADGM. The public consultation began against the backdrop of rising interest in and success with incorporating…
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ADGM Data Protection Rules 2021-2022 “Availability of protection ensures reliability and timely access to data and resources to authorized individuals.” Organizations must emphasize educating about their responsibilities under the new ADGM Data Protection Regulations, conducting a disparity test to find whether their current systems are vulnerable or appropriate, considering any…
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