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Articles

  • 18 Dec 2018United Arab Emirates

    It is often the case that dispute resolution clauses in Construction Contracts are an afterthought. Receiving due receives attention only when the parties reach the point of dispute. Unfortunately, it is often the case then at that important juncture that the contracting parties find that the process set out in their contract is unhelpful, unworkable, or sets out a procedure that is open to abuse by the other party.

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  • 18 Dec 2018Bahrain

    In July 2015, Bahrain passed a stand-alone arbitration law, which repealed the few provisions regulating arbitral proceedings contained in Bahrain Decree-Law No 12/1971 and Bahrain Decree-Law No 9/1994.

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  • 16 Nov 2018Saudi Arabia

    Amendments to Saudi Arabia’s Companies Law, which came into effect in April 2018, seemingly return a rudimentary concept of standing for shareholder derivative claims to the statute, while introducing a new concept of cost-shifting for such claims. This may have the effect of incentivising shareholder litigation practice in Saudi Arabia. Joint stock companies incorporated in Saudi Arabia should ensure that adequate internal policies are in place, in order to confront a potential increase in such claims.

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  • 07 Nov 2018United Arab Emirates

    On 30 October 2018, His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued Federal Decree-Law No 19/2018, on Foreign Direct Investment (the FDI Law), which sets out national legislation for the promotion and development of the UAE’s foreign investment environment. The new legislation sets out provisions including but not limited to who is an investor and what is an investment under the FDI Law, and the type of protections afforded to foreign investors who qualify under the FDI Law.

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  • 06 Nov 2018United Arab Emirates

    Corporate facilities in the UAE require a guarantee contract or a personal guarantee to be executed by the principal partner of a debtor company, obliging a guarantor to repay the full or part of the facility granted in case the company which has been granted the banking facilities fails to pay.

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