Legal, Tax, Regulation & Compliance

06/20/2012

UBS fights legal claim by Kuwaiti royal ‎

UBS has confirmed that Sheikh Meshal was invited to apply for a non-executive post at the bank. However, the bank has also claimed that it already had a strong relationship with Zain, having advised on many of its previous deals.

06/18/2012

Dewey's Riyadh team resurfaces at Patton Boggs

Former Dewey Riyadh partner Khalid Al-Thebity has joined Patton Boggs as managing partner of the affiliate office, with the Washington DC-based firm also taking on Dewey Riyadh associates Jihad Turkistani, Stefan Guttensohn, Siraj Al Islam and Judeh Bahna

06/08/2012

Iranian bank sues rival over fraud allegations

The biggest fraud in the 32-year history of the Islamic Republic revolves around forged documents allegedly used by the directors of the Amir Mansour Aria Investment Company to secure loans totalling $2.6 billion to buy state-owned companies under the gov

06/06/2012

India, Bahrain Sign TIEA

The deal was inked by India's Minister of State for Finance (Expenditure and Financial Affairs) Shri Namo Narain Meena and Bahrain's Minister for Transportation H.E. Kamal Ahmad.

05/31/2012

EFG-Hermes linked to Egypt graft claims

Gamal and Alaa Mubarak, as well as the two chief executive officers and a former CEO of the Cairo-based investment bank EFG-Hermes, are being charged with corrupt stock exchange dealings worth more than $400m in connection with the 2007 sale of Al-Watany

05/24/2012

Effective control of Basel III rules urged

Basel’s strength as a rule-making body has been its success in reaching agreement on implementation of these rules, especially capital framework and risk management, through joint voluntary measures, and also serving as a platform for cooperation an

05/24/2012

HSBC Oman, OIB merger 'halted' in Oman

Oman's Ministry of Commerce and Industry has halted the merger of HSBC Oman and Oman International Bank (OIB) following an objection raised by an India-based businessman.