03/25/2013
Sheik Spars With UBS Over $20 Million Fee
The trial is scheduled to begin in June.
Legal, Tax, Regulation & Compliance
03/24/2013
Latham & Watkins announces new appointment to Islamic finance team
He has advised on numerous high profile debt financings and restructurings across various product areas
03/24/2013
Senior finance lawyer brings diverse expertise to Islamic Finance practice
We are delighted to welcome Amar to the firm
03/21/2013
Standard Chartered in 'wilful' breach apology
Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.
03/20/2013
Hawkamah and IMF focus on central bank governance
The focus of the forum is on governance and risk management framework, practices and challenges which the central bankers face and the role of Internal and External Auditors in audit oversight
03/18/2013
Dubai Bank chairman to answer to fraud claims
Dubai Bank chairman Hassan Zubeidi has been granted the chance to answer to allegations of fraud
03/10/2013
Loyens & Loeff advised Al Masah Capital Limited on the first UCITS IV-compliant fund platform in the MENA region
The Investment Management teams of Loyens & Loeff in Dubai and Luxembourg advised AMCL on the structuring, drafting and operational setup of the new umbrella fund.
03/08/2013
Al Tamimi & Company Kuwait takes home 3 awards
Largest independent law firm in the Middle East, was recently awarded by the Islamic Finance News, the Islamic finance industry's leading publication, the "Sukuk Deal of the Year 2012" along with the "Kuwait Deal of the Year 2012"
03/06/2013
Bakers holds talks over tie-up with top UAE firm Habib Al Mulla
Like all leading law firms, we are continuously studying the market
03/06/2013
CC set to integrate with Riyadh alliance firm in Saudi first
Only those registered with the Saudi authorities are permitted to practise Saudi law.
03/06/2013
Baker Botts beefs up in the Middle East with Kuwait association
I hold a special place in my heart for Kuwait and the people of this wonderful country
03/05/2013
Citigroup arbitration win in $4 billion Abu Dhabi case upheld
The sovereign wealth fund had sought to rescind the November 2007 investment.
03/05/2013
LG partner joins Abu Dhabi Investment Authority
He started at the firm on Sunday (3 March) in Abu Dhabi in the role of legal adviser in the technology legal department at the ADIA
03/05/2013
Bahrain Central Bank prepares regulation crackdown
There are 405 registered financial institutions in Bahrain and the financial sector contributes 23 percent of Bahrain's GDP compared to 6 percent for the entire GCC.
02/26/2013
Oman's Bank Muscat hit by $39m prepaid card fraud
"We are exploring all avenues to minimise the impact on our shareholders and will pursue the various options available to the bank."
02/21/2013
Taylor Wessing plays role in NASDAQ Dubai exchange advisory group
the advisory group discussed ideas about regulatory models and the ideal practical framework to attract issuers.
02/21/2013
Dubai Chamber and ICC launch regional banking commission
This new initiative empowers Dubai Chamber, which occupies the Deputy Chair's position at ICC's World Chambers Federation (WCF), to create a Regional Banking Commission while effectively coordinating and communicating with the Banking Commission
02/19/2013
FATCA presents challenges for Lebanon
The United States’ Foreign Account Tax Compliance Act requires foreign banks to disclose the balances
02/17/2013
G20 ‘determined’ to address tax evasion by multinational companies
“We are determined to develop measures to address base erosion and profit shifting.”
02/14/2013
Dutch Bakers spin-off adds Luxembourg office and Turkey capability
Schuurmann joins Van Campen Liem as a partner and will work alongside Amsterdam partners Marc van Campen and Marcello Distaso