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  • 15 Oct 2018United Arab Emirates

    The UAE’s President has issued a Federal Decree Law on Netting. It will apply to all Qualified Financial Contracts, netting agreements specified under the law or collateral arrangements, which anyone in the State enters into. It will not apply to the free zones or financial institutions licensed by those free zones.

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  • 05 Oct 2018Turkey

    The Communique on the Procedures and Principles Governing the Enforcement of Article 376 of the Turkish Commercial Code numbered 6102 (Communique), which concerns Article 376 of the Turkish Commercial Code (Code) regulating the share capital loss and technical insolvency of companies, entered into force on publication in the Official Gazette on 15 September 2018. The recently promulgated Communique aims to provide concrete guidelines to be followed by companies which are experiencing serious financial troubles. The Communique establishes the details of the measures to be taken when the assets of joint-stock companies, limited liability companies and partnerships divided into shares are not sufficient to cover their liabilities, or when they face technical insolvency. The Communique follows the structure of the Code, in that it provides different measures for the loss of half and two-thirds of the share capital and legal reserves and for technical insolvency.

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  • 03 Oct 2018Egypt

    Egypt Law No 11/2018 on Restructuring, Preventive Composition and Bankruptcy was issued to bring about new regulation on the financial difficulties those commercial enterprises, operating in Egypt, face. The fifth chapter of the Commerce Law promulgated by Egypt Law No 17/1999, which deals with the regulation of bankruptcy and protection from it, was revoked.

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  • 01 Oct 2018Qatar

    Following publication of the Qatar Official Gazette, issue 13 by the Government of Qatar, the Gazette is now browsable on the Qatar Official Gazettes Index source on the Gazettes page on Lexis Middle East Law.

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  • 01 Oct 2018Kuwait

    Following publication of the Kuwait Official Gazette, issue 1411 by the Government of Kuwait, the Gazette is now browsable on the Kuwait Official Gazettes Index source on the Gazettes page on Lexis Middle East Law.

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  • 27 Sep 2018United Arab Emirates

    Following the publication of UAE Federal Official Gazette, issue no 634 by the UAE Ministry of Justice, the Gazette is now browsable on the Gazettes page on Lexis Middle East Law.

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  • 27 Sep 2018Oman

    Following publication of the Oman Official Gazette, issue 1261 by the Government of Oman, the Gazette is now browsable on the Oman Official Gazette Index source on the Gazettes page on Lexis Middle East Law.

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  • 26 Sep 2018Saudi Arabia

    Following publication of the Saudi Arabia Official Gazette, issue 4745 by the Government of Saudi Arabia, the Gazette is now browsable on the Saudi Arabia Official Gazettes Index source on the Gazettes page on Lexis Middle East Law.

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