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FAQs- Banking and Finance in Israel What is the Israel Banking System? Israel's financial system is sophisticated. It consists of 16 banks, four international banks with Israeli licenses, and three big and three small card firms. Bank Leumi, Bank Hapoalim, Israel Discount Bank, Bank Mizrahi-Tefahot, and First International Bank are…
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FAQs- Competition Law in Israel Q1. What is the outline of Israel's Competition Law? The Economic Competition Statute, 5748-1988 (the Law) is Israel's primary antitrust law, with the aim of preventing damage to competition and the general public. The law lays down the substantive principles that apply to a variety…
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Q & A: Third-Party Funding in UAE Introduction Third-party funding, also known as litigation funding, provides a business with a viable means of pursuing litigation, Arbitration and adjudicating claims. Third-party financing ensures that the legal needs are met with minimum risk and subsequently preserve the business's liquidity in case of…
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Overlapping of Rights in India: Trademark vs Designs "When you brand yourself properly, the competition becomes irrelevant" …
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India: Minerals and Mining Laws and Regulations Introduction Oil and coal have been the most desirable commodities for economies around the world. A country that owns these has the potential to become a global superpower. Due to rising environmental concerns, however, governments are taking steps and measures to utilize more…
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Insurance and Reinsurance in Lebanon Under Decree Number 9812 of 1968, the rules and regulations concerning the insurance sector in Lebanon were established (Insurance Law). There have been limited subsequent revisions to those rules and regulations, and no material improvements were made since 1999. Within the Lebanese Ministry of Economy…
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Redundancy under Labor Laws in the UAE The primary legislation regulating workplace relations in the United Arab Emirates is Law Number 8 of 1980 on labor relations, as revised by Federal Laws Number 24 of 1981, Number 15 of 1985, Number 12 of 1986, Number 8 of 2007 and Number…
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The Singapore Convention on Mediation “An ounce of mediation is worth a pound of arbitration and a ton of litigation!” …
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Leasing Law DIFC “But land is land, and it’s safer than the stocks and bonds of Wall Street swindlers.” …
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Smart Contracts and Blockchains Smart Contracts, the anchored scripts on blockchains, permit the transparent execution of predefined processes. Using smart contracts, assets like money become programmable, which opens up previously inaccessible application potential. Smart contracts are exceptionally effective and control billions in value. Popular now, however, invented in 1994, when…
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Legal Entitlement to Interest under UAE Law, and applicability "Interest on debts grow without rain." -Yiddish Proverb Paying off the debt is…
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Doing business in the Kingdom of Saudi Arabia- Part ii Tax XII. What contributions are made towards social security by the employee and the employer during the employment relationship? Is there an Income Tax regulation in the KSA? There are no income taxes impositions for the employees; however, the Saudi…
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Pharma 2020 KSA 1. What are the main laws governing the manufacture and sale of pharmaceuticals in the jurisdiction? Pharmaceutical Establishments in Saudi Arabia are governed by the Law of Pharmaceutical Establishments and Preparations issued by Saudi Arabia Royal Decree No. M31/1425 dated 01/06/1425H (corresponding to 18/07/2004) (the PE Law).…
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Pharma 2020 1. What are the main laws governing the manufacture and sale of pharmaceuticals in the jurisdiction? Bahrain Decree-Law No. 18/1997 with Respect to the Practice of Pharmacists and Pharmaceutical Centres (as amended by Bahrain Decree-Law No. 20/2015) (the Law). 2. Are there any significant differences in this area…
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