I. An overview of money laundering A. Money laundering’s connection with financial transactions Countries throughout the world have passed laws criminalizing individual or organized criminal acts locally and internationally. These crimes generate illegal revenue and criminals feel the need to clean the revenue to appear legitimate.… Read more
On 2 February 2022, the Federal Decree-Law No. (33) of 2021 on the Regulation of Employment Relationship (UAE Labour Law) came into force. The UAE Labour Law requires, pursuant to its article 68 (2), that all employers convert any existing employment on an unlimited term contract… Read more
A family-owned business maybe be one of the oldest form of business organization in human history. In the GCC, the business environment has developed exponentially to the extent that there are large corporate businesses which are owned and managed by single families. These businesses play a… Read more
In the announcement of the strategic goals of Saudi Arabia’s capital entitled “the Future Investment Initiative Riyadh 2030” on 15 February 2021, the Saudi government established new requirements whereby international companies are required to relocate their regional headquarters (RHQ) into Saudi Arabia in order to access… Read more
The Unites Arab Emirates (UAE) has embarked on one of the most significant overhauls of the legal system in years, with changes to personal and family laws, and other areas affecting people’s daily lives. The laws, effective immediately, reflect progressive measures to improve living standards, and… Read more
Intellectual property rights play an important role in the Saudi economy especially with the technology and entertainment revolution in recent years. Such revolution has lead the government of Saudi Arabia to enter into international treaties and enact laws to protect intellectual property rights including Copyrights, Patents,… Read more
On 11 November 2022, the Abu Dhabi Global Markets (ADGM) Arbitration Centre launched the world’s first “mediation in the metaverse” service. This service will revolutionize the delivery of mediation globally, immediately transforming the court-annexed mediation scheme conducted by ADGM courts into the next generation approach to… Read more