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  • 18 Feb 2019Iran

    Iran’s Expediency Council has failed for the second time to pass the UN Convention against Transnational Organised Crime, known as the Palermo Convention. A final vote has been delayed by two weeks.

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  • 05 Feb 2019Bahrain - Kuwait - Oman - Qatar - Saudi Arabia - United Arab Emirates

    Established in March 1995 by GCC leaders, one of the main objectives of the GCC Commercial Arbitration Centre (GCCCA) is to fill a gap in the region by providing expeditious and effective arbitration services.The GCCCA was established to administer commercial cases, including cases in the region related to banks, financial institutions, insurance, reinsurance, constructions, engineering, various contracting, intellectual property covering commercial and industrial, copyrights, and all types of international commercial contracts. The conduction of arbitration proceedings under the auspices of the GCCCA is subject to two set rules; the Charter of the Centre (Charter Rules) and the Arbitral Rules of Procedure (Procedural Rules) which should be read and interpreted as complementary to one another.  These two rules together will be referred to as the Rules.In March 1995, it was officially announced that the GCCCA had become fully functioned and ready to fulfil its duties. By virtue of Qatar Decree No 19/2015, the GCCCA was approved by the State of Qatar and has been given the power of law in accordance with Article 68 of Qatar Law No 1/2004.This commentary aims to give a general overview of the major provisions underpinning the conduct of arbitration proceedings in accordance with the GCCCA Rules.

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  • 04 Feb 2019Saudi Arabia

    Withholding tax is one of the imperative tax compliance requirements for the majority of businesses in the KSA. According to article 68 of the KSA Income tax law, any resident that receives services from a non-resident services provider is required to deduct, pay and file return(s) for withholding tax. Failure to deduct the withholding tax will cause your business to bear the tax on behalf of the foreign service provider.

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  • 24 Jan 2019United Arab Emirates

    The new insurance law has made it easier for insurers to issue policies in a foreign language, thus expanding their business opportunities, but there are downsides when it comes to insurance disputes, says Francois Chemaly, Head of Corporate at BSA Abu Dhabi.

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  • 08 Jan 2019Oman

    Oman’s Sultan has issued two Royal Decrees including a Decree amending the Sultanate’s Prisons Law.

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