Mondaq Middle East & Africa: All Topics
The ruling of the English Court of Appeal in The Princess of the Stars that a "follow the settlements" clause in a reinsurance policy does not negate or impinge on the general rule that a stay of English court proceedings, should be granted only in rare and compelling circumstances.
An investigative audit, as its name implies, combines two professional elements with essentially different attributes: accounting auditing and investigation.
We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during 2012.
A discussion on the formulation of a central tool as a necessary condition in evaluating the validity and applicability of the "professional solution" provided via an expert opinion by an expert, and no less important by decision makers and those affected by them in court cases.
In many economic and financial disputes that brought before the courts for resolution, the gap between the positions of the opposing parties may be extremely significant in monetary terms.
This article is based on Mr. Bergman professional hand writing intended to be published during 2012.
Libyan Central Bank Governor’s Resolution No. (1) of 2013 on the Regulation of Foreign Currencies Trading and the Determination of the Powers Required for Execution of Foreign Transfers for all Purposes.
Investment Fund Regulation and Libyan Central Bank Governor’s Resolution No. (17) of 2013 on the Formation of an Investment Fund Control Committee.
At present Libya has no operational railway system and lags behind its neighbouring countries such as Tunisia and Egypt.
On 15 January 2013, the Libyan Ministry of Economy issued Decree No 22 of 2013 amending Decree No. 207 of 2012 in regards to foreign shareholding percentages.
This is the second of four articles Clyde & Co aims to publish on the legal and regulatory framework affecting the oil and gas industry in Libya.
2012 came to an end with the passing of two regulations affecting both corporate and litigation lawyers and by extension, clients.
Globally, the capital market is one of the cornerstones for national economic development. Indubitably, the success or failure of any nation’s economic policies is usually anchored on its capital market operations.
The attitude of investors in developed economies towards risk has evolved from the initial position of diversifying risk exposures between varying portfolios of assets into the treatment of risk as an asset eligible for trading on regulated markets.
Intellectual property rights, like any other property right, allow the creators, or owners of the intellectual property to benefit exclusively from their own work or investment in a creation.
The Federal Government of Nigeria has set in place a framework for the generation and distribution of energy in accordance with the implementation of the Electric Power Sector Reform Act, 2005.
Trade mark law is essentially about preventing consumer confusion.
A discussion relating to a case where Pepkor was accused of infringing Adidas's three-stripe trade mark registrations by selling four-stripe trainers.
Title to real property in South Africa vests in the landowner and not the state, and there is a comprehensive legal framework for the ownership and transfer or real estate, which is established under statute.
A discussion focussing on the BBC's failure to stop Collins from spilling the beans about being the Stig of Top Gear in his biography.
Cell C's trade mark applications for its new logo have been refused, although these aren't final refusals and further steps are possible.
Given the current situation in Libya, consultants, contractors and developers of infrastructure projects should continue to focus their attention on future opportunities in the country.
Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, has issued on 11 February 2013 a federal decree bearing no. 15 of 2013 establishing a new financial free zone in the emirate of Abu Dhabi.
A discussion on the matters of inheritance for non-Muslim ex-pats in Dubai.
A discussion on the ways of handling disputes in the UAE.
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From a tax perspective, it must be said that the number of proposed changes to the various fiscal Acts are considerably fewer than in prior years.
On July 26, 2012, the King of Bahrain issued new labour Law No. 36 of 2012. The New Law repeals and replaces the old labour law (No. 23 of 1976).
Under the 1973 Companies Act non-subscribers could either be elected to the board of directors or appointed by the board in order to fill a casual vacancy.
Employment relationships in the United Arab Emirates are governed by Federal Law No.8 of 1980 Regulating Labour Relations as amended by Federal Laws No.24 of 1981, No.15 of 1985 and No.12 of 1986 (the Labour Law).
As the name implies, end of service gratuity is an amount of money that every employee is entitled to receive, and every employer is liable to pay, upon termination of an employment relationship in the UAE, provided that the employee meets the conditions set out in the Labour Law (UAE Federal Law No.8 of 1980).
A discussion on the restrictions to the capital gains exemption which normally applies to individuals selling their home.
One of the most debated issues in an employment agreement is the legality of restrictive covenant provisions, such as a non-compete clause which prevents employees from working for a competitor upon termination of their employment agreement.
The following essay discusses briefly the important aspects of Labour Law in the UAE.
It is mandatory for an expatriate employee to sign a labour contract in the format stipulated by the Ministry of Labour prior to commencing employment.
Unlike in the past few years, there have certainly been some surprises sprung on taxpayers by the Minister in his Budget Speech.
