New judge joins ADGM
Abu Dhabi Global Market, the international financial centre in Abu Dhabi, has appointed Lord McGhie as a judge to Abu…
Legal
2649 articles found
Turkey Establishes Sovereign Wealth Fund
Recent development In an effort to provide financing for infrastructure, diversify the financial instruments, and increase the depth of…
Banks should complete documentation for loans
I have been working for a private firm in the UAE since July 2014. In September 2015, I had applied…
Deloitte & Touche sued over alleged negligence and deceit in their audits of LCB
The claim was filed in the Dubai International Financial Centre Courts on 19 July 2016. This is the first claim…
Lebanese Canadian Bank shareholders sue Deloitte for failing to flag up money laundering
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to…
Turkish Capital Markets Association Establishing Arbitration Panels for OTC Disputes
Background On August 18, 2016, the Turkish Capital Markets Board (the "CMB") announced that the Turkish Capital Markets Association…
Lebanese Canadian Bank shareholder sues Deloitte & Touche (ME)
* Suing Deloitte and Touche (Middle East) (DTME) and its managing partner Joseph El Fadl for negligence and deceit in…
DFSA Strengthens Regulatory Co-operation in the UAE
The Dubai Financial Services Authority (DFSA) today entered into a Memorandum of Understanding (MoU) with the Financial Services Regulatory Authority…
Saudi Envoy’s Lost Millions Show Shell Company Risk, Judge Says
A lawsuit over the estate of a deceased Saudi diplomat shows the risks of wealthy people using shell companies and…
Qatar sells $1.26bn in bonds, sukuk
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic…
Dubai-based bank wins suit against San Juan Capistrano company
Jurors ruled against San Juan Capistrano-based InfoSpan Inc. last week in a lawsuit against Emirates NBD in Dubai. InfoSpan…
Turkey Detains 29 Banking Inspectors as Purge Continues
Turkish authorities detained 29 inspectors on Friday from the BDDK banking watchdog for "irregular inspections," broadcaster NTV and other media…