08/26/2013
Baker & McKenzie plans expansion into DIFC
Baker & McKenzie’s newly-expanded United Arab Emirates offering is eyeing up expansion into the Dubai International Financial Centre
Legal, Tax, Regulation & Compliance
08/26/2013
U.S. Dismisses Thousands of Claims Against Arab Bank
Jordan’s largest lender, the Arab Bank, announced this week that a New York federal court dismissed more than 90 percent of the claims in a long-running lawsuit
08/26/2013
Dubai court dismisses Kuwaiti Sheikh's $21 million claim against UBS
The case highlighted the complexity of doing business in the Gulf
08/24/2013
Thomson Reuters to host 8th Gulf Cooperation Council Regulators' Summit in Dubai
The summit will feature a series of panel discussions, debates and Q&A sessions covering topical issues facing the financial services industry
08/24/2013
DIFC looks to Europe for bigger fund role
The DFSA negotiated the agreements with the European Securities and Markets Authority
08/14/2013
Charles Russell becomes latest firm to enter Qatar market with Doha launch
The office, located in the business district of Westbay, will be led by Middle East real estate and construction head Simon Green, who is relocating to Qatar full-time after joining the firm's Bahrain base from Norton Rose in 2011.
08/14/2013
Qatar banks receive draft rules on Basel III
Qatar's central bank has sent a draft circular on new Basel III capital rules to conventional and Islamic banks that includes requirements for issuance of instruments such as hybrid bonds
08/11/2013
Fenwick Elliot to launch in Dubai following profit rise
Construction and energy specialist Fenwick Elliot will launch an office in Dubai early next year, after announcing dramatic increases in profit and revenue.
08/07/2013
ASAR's attorney selected amongst best Islamic finance practitioners
Al Ruwayeh & Partners, Kuwait's leading and most prominent corporate law firm
07/29/2013
Barclays fights financial authority findings on Qatar deal
The FCA and Britain's Serious Fraud Office have been investigating for about a year the circumstances surrounding the Qatari cash injection secured by Barclays, which is struggling to restore its reputation after a string of scandals.
07/26/2013
UAE Banks Federation initiative to bear success in regulating legal banking experts profession
UAE Banks Federation has succeeded to lay down the regulations of appointing legal banking experts, and moving forward with implementation in collaboration with the Central Bank, Ministry of Justice and other judicial authorities.
07/22/2013
BNY Mellon survey: AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/21/2013
UAE Banking Lobby turns a Super-Regulator
It is credited with a few critical interventions in the affairs of the sector
07/17/2013
Leading Finance Lawyer Joins Chadbourne’s Istanbul Team
Chadbourne & Parke announced that leading finance lawyer Çağdaş Selvi has joined the firm’s Istanbul Team as a Partner.
07/15/2013
UAE banks seek five years to comply with large exposure rule
Banks in the UAE have proposed the UAE Central Bank to exclude marketable bonds and sukuks from the upcoming new rule on large exposures to corporate entities.
07/15/2013
FINMA signed cooperation arrangements with 28 EU and EEA states
The Swiss Financial Market Supervisory Authority FINMA has Signed Cooperation Arrangements with 28 EU and EEA Member States
07/14/2013
UAE Banks Federation submits final proposal on large exposure
The UAE Banks Federation has raised the final proposal on Percentage Limits that Constitute Large Exposure to the central bank
07/09/2013
Turkish Regulator Probes Currency Trades
The probes come as Turkey's central bank is selling record amounts of dollars in daily auctions to counter a slide that has weakened the lira by about 9% in the past two months, a move that makes it one of the worst-performing emerging-market currenc
07/07/2013
Central Bank and UAE Banks Federation sign MoU with Dubai Courts
The MoU is intended to promote, develop and regulate the legal experts’ profession before the judicial authorities in the country
07/06/2013
Taylor Wessing named law firm of year 2013
Taylor Wessing was recognised for innovation in the delivery of legal services to clients