Defining the paramater of ‘economic substance’ in UAE's new law
The UAE has been a tax haven - but since it was included in the “grey list” by OECD in…
Legal
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Extradition hearing of former Abraaj CEO to start in London
A four-day extradition hearing is set to get underway in London on Monday involving the founder and former chief executive…
Iranian finance firm’s CEO pleads guilty to multimillion-dollar fraud conspiracy
The chief executive of an Iranian online financial services company pleaded guilty Tuesday to fraud conspiracy charges that federal prosecutors…
Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm
A young Kuwaiti man, the partner of the fugitive Malaysian financier Jho Low and prime suspect in the Malaysian Fund…
Saudi Shura Council to decide on appointing women as judges
Women could soon be appointed as judges in personal status courts in Saudi Arabia, according to local media reports. …
UAE Public Prosecution warns against misusing national currency
The UAE Public Prosecution has reaffirmed that misusing the national currency is a punishable crime and has called on the…
Multinational law firm appoints new leader for Banking and Finance practice in Middle East
Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm's Banking & Finance practice in the…
Bahrain planning to set up specialised banking court
Bahrain Association of Banks is considering the establishment of a specialised banking court to help speed up procedures and strengthen…
Abu Dhabi Global Market enhances its dispute resolution framework
Recent changes in the law mean businesses now have greater scope to resolve disputes before courts in the Abu Dhabi…
Barclays ‘lied’ over terms of 2008 investment by Qatar, court told
British businesswoman Amanda Staveley has claimed Barclays “lied” to her over the terms of a 2008 investment by Qatar that…
Pinsent Masons grows its Financial Services offering in Dubai with the appointment of Banking & Finance partner Matthew Escritt
Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm's Banking & Finance practice in the…
Spotlight on ADGM: Structural Advantages and-Benefits for Investors
The Middle East remains a key centre for private equity and venture capital activity. While some investors have shied away…