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Family Law in GCC A Family is formed by considering several factors like the social, political, and monetary. Similarly, there is a legal design in framing a family. In a net shell a family law covers two fundamental fields one is the relationship between spouses and the other is the…
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A closer look at Electronic Privacy Laws in the GCC The cooperation council for the Arab State of the Gulf is commonly known as Gulf Cooperation Council (GCC). It is a regional, intergovernmental, political and economic union that consists of all Arab states of the Persian Gulf except Iraq. The…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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GCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
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Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
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Rail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
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Initial Public Offering - Qatar Introduction Qatar Exchange Company was established in 2009 replacing the Doha Securities Market. The exchange is monitored by Qatar Financial Market Authority (QFMA) and is a platform for trading various securities in the form of IPOs and other financial instruments. The Qatar Financial Centre (QFC)…
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Intellectual Property Rights: Exhaustion of Ownership and Parallel Imports Introduction Parallel Imports The term parallel import denotes importation of goods legitimately acquired from the owner of the goods subsequently sold in an unauthorized manner through unauthorized trade channels. These goods may also be referred to as grey market goods, since, despite…
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Руководство по Патентам на Ближнем Востоке «Патентное ведомство находится в прямом родстве с изобретениями.» Введение Старший преподаватель Массачусетского технологического института Джо Хадзима определяет патент следующим образом: «Патент является исключительным правом, выданным страной изобретателю, позволяющим ему исключать других из производства, использования или продажи своего изобретения в данной стране в течение срока…
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AGENCY LAWS IN THE GCC COUNTRIES Introduction The extension of the multinational partnership is either setting up its subsidiary in remote purview or to tie up with the local organization in a foreign jurisdiction. United Arab Emirates (UAE) is one of the distant locals where international organizations are going into…
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The word 'efficiency' may not mean much for those of you who were absent during economics class in school. It is a term around which the whole concept of economic studies in based. Investopedia[i] defines 'efficiency' as the allocation of resources in an optimal manner to serve a company…
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Киберпреступления и Суды Юрисдикция (по умолчанию) - это практический и абсолютный авторитет юридического органа по управлению и исполнению уставов и положений на определенной территории и с определенными обязанностями. Следовательно, когда преступление имело место на определенной территории, суды этой территории имеют юрисдикцию для рассмотрения этого вопроса. Однако, какой суд будет обладать…
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Гарантии - Законодательство и Практическое Применение в ОАЭ «Кредит - это система, при которой лицо, которое не может заплатить, использует другого человека, чтобы гарантировать, что он может заплатить». - Чарльз Диккенс В современном мире хрупких финансов ирония утверждения Чарльза Диккенса хорошо понятна. На этих нестабильных финансовых рынках должники и…
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Строительное Право и Использование Времени Человечество создало время, чтобы держать организовать и структурировать свою жизнь. Это, по сути, социальная конструкция, в которой мы живем всю свою жизнь. Это не просто фундаментально, но необходимо для нашего выживания. Закон подобным же образом был создан нами, чтобы диктовать то, как мы должны…
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