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China's Revised Company Law China’s new Company Law, effective July 1, 2024, represents a substantial overhaul of corporate governance and shareholder rights within the country. Originally promulgated in December 1993 and updated significantly in 2005 and again in 2018, the recent amendments introduce stricter regulations on capitalization, enhance transparency, and…
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U.S. and Canada Reach Agreement to Update Columbia River Treaty The U.S. and Canada announced a significant breakthrough in updating the Columbia River Treaty, a pivotal agreement first established in 1964. This “agreement in principle” follows six years of negotiations and aims to address the evolving needs of flood control,…
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Qatar, Saudi Arabia, and UAE Sign Historic Double Taxation Treaties A landmark development in the Gulf Cooperation Council (GCC) region unfolded as the State of Qatar and the Kingdom of Saudi Arabia (KSA) signed a historic double tax treaty (DTT). In a related move, Qatar also inked a similar agreement…
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EU Withdrawal from the Energy Charter Treaty: A New Era for Climate and Energy Goals The European Union (EU) took a significant step towards aligning its energy policies with its climate goals by announcing its withdrawal from the Energy Charter Treaty (ECT). This multilateral trade and investment agreement, which has…
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European Union Embraces the Mauritius Convention on Transparency for Investor-State Dispute Settlement In a major step towards enhancing transparency in international arbitration, the Council of the European Union has authorized the signing of the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration, widely referred to as the Mauritius Convention…
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Companies Law in Saudi Arabia Saudi Arabia's Council of Ministers approved the long-awaited New Companies Law, which marks a significant shift in the Kingdom's regulatory landscape. Enacted through Cabinet Resolution No. 678 and ratified by Royal Decree No. (M/132), this new legislation aims to support Saudi Vision 2030 by modernizing…
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Kuwait’s 2024 Visa Regulations In an effort to enhance its immigration policies and streamline the process for obtaining visas, the Kuwaiti Ministry of Interior has introduced comprehensive updates to the conditions for family, commercial, and tourist visit visas effective from early 2024. These changes come as part of Kuwait’s broader…
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UAE’s New Telemarketing Law The United Arab Emirates (UAE) has introduced new regulations aimed at enhancing consumer protection and maintaining market integrity in telemarketing practices. Effective from August 27, 2024, these regulations, under Cabinet Resolutions No. 56 and No. 57 of 2024, seek to regulate telemarketing activities by imposing stringent…
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Understanding Qatar’s Employment Law Qatar’s Labour Law is a comprehensive framework designed to regulate the relationship between employers and employees within the country. Governed by Law No. 14 of 2004, it establishes the legal rights, responsibilities, and obligations for both parties, ensuring fair labor practices and protecting workers' rights. The…
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The Markets in Crypto-Assets Regulation The EU Commission unveiled its Digital Finance Package, which included several legislative proposals aimed at modernizing the EU financial regulatory framework. A key component of this package is the Markets in Crypto-Assets Regulation (MiCA), marking the EU’s first harmonized regulatory approach to crypto-assets. With MiCA…
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Future Prospects of the Indian Insurance Sector The Indian insurance sector began its journey in 1818 with the establishment of the Oriental Life Insurance Company in Calcutta, under British regulatory frameworks. The sector has undergone significant changes since then, especially after India gained independence. The formation of the Insurance Regulatory…
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Canadian Trademark law Canadian trademark law is governed by the Trademarks Act (R.S.C., 1985, c. T-13) and the Trademark Regulations, which provide a comprehensive legal framework for the registration, use, and enforcement of trademarks in Canada. Trademarks are essential for businesses to protect their brand identity and ensure that consumers…
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Immigration Law in Abu Dhabi Abu Dhabi, the capital of the United Arab Emirates (UAE), has always been a strategic and appealing destination for expatriates, investors, and tourists from around the world. In 2024, the UAE introduced significant changes to its immigration laws, particularly focusing on residence visa regulations. These…
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Law of Criminal Procedure in Saudi Arabia The Law of Criminal Procedure in Saudi Arabia is a complex system that combines traditional Islamic legal principles with contemporary statutory laws. The system is deeply influenced by Sharia, specifically the Hanbali school of Sunni Islam, and it has evolved to incorporate formal…
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