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Significant Amendments to the Kingdom of Saudi Arabia's Labor Law On August 6, 2024, the Kingdom of Saudi Arabia’s (KSA) Council of Ministers approved substantial amendments to the country's Labor Law, marking the most significant reforms since 2015. These changes are set to enhance both employer and employee rights and…
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Law regulating Real estate registration in Qatar Qatar has made a significant leap in real estate registration with the introduction of Law No. (5) of 2024, which brings digital property registration into the regulatory landscape for the first time. This law, which came into force on April 4, 2024, represents…
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Singapore’s Cybersecurity (Amendment) Bill 2024 On 7 May 2024, Singapore’s Parliament passed the Cybersecurity (Amendment) Bill No. 15/2024, introducing pivotal amendments to the Singapore Cybersecurity Act 2018. The Act previously provided the legislative framework for the management of cybersecurity threats, focusing predominantly on Critical Information Infrastructure (CII) essential computer systems…
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Kuwait’s Data Protection Regulation The rapid growth of digital technologies in Kuwait, particularly in the telecommunications and IT sectors, has led to an increase in the collection and processing of personal data. Recognizing the importance of data privacy in this digital age, Kuwait’s Communications and Information Technology Regulatory Authority (CITRA)…
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Israel’s Shipping Law Update in 2024 Israel’s shipping law has undergone significant updates in 2024, reflecting the country’s commitment to aligning its maritime regulations with international standards and addressing modern challenges in the maritime sector. This year has seen crucial legal developments aimed at promoting maritime safety, environmental protection, and…
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Singapore’s Enhanced Corporate Service Provider and Company Laws On July 2, 2024, Singapore’s Parliament enacted two significant pieces of legislation the Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill) designed to enhance the country's regulatory framework. These laws aim to…
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Dubai Introduces New Taxation Law for Foreign Banks On March 8, 2024, Dubai enacted Law No. (1) of 2024 concerning the taxation of foreign banks operating within the emirate. This new legislation, which repeals Regulation No. (2) of 1996, aims to address concerns regarding potential tax increases following the introduction…
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Recent Amendments to the UAE Labour Law On 29 July 2024, the UAE government announced significant amendments to the country's labour law under Federal Decree-Law No. 9 of 2024. These changes, effective from 31 August 2024, are designed to modernize the UAE’s labour regulations and align them with international best…
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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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