Cybersecurity Threats Call for a Global Response
Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on…
Legal
2649 articles found
DIFC firms face March 2020 economic substance rules deadline
Businesses operating within the Dubai International Finance Centre (DIFC) have been given until the end of March 2020 to file…
Chase Bank ex-chair's illicit plan to open Somalia bank
On June 16, 2016, Mr Shahad Haider of Dubai’s Sajjad Haider Chartered Accountants was hired to liquidate the Iman Holding…
Regulation of Crypto Assets
Introduction The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of…
DIFC introduces new leasing law
The Dubai International Financial Centre (DIFC) has enacted a new DIFC Leasing Law No. 1 of 2020 that specifies requirements…
New regulations amend income tax law and introduce transfer pricing requirements
Executive regulations published in Qatar’s official gazette on 11 December 2019 clarify and in certain cases substantially amend provisions of…
Dubai regulator fines defunct wealth firm nearly $250,000
The Dubai Financial Services Authority had announced that it has fined Morgan Gatsby Limited, approximately USD 246,000 (approx. AED 900,000),…
Bank scam gang arrested in UAE, stole thousands from residents
A gang of four phone fraudsters, who were able to steal Dh12,199 from residents' bank accounts, has been sentenced to…
Clifford chance and AS&H advise on a $1.9bln refinancing package for Arabian Centres Company
Clifford Chance, together with Abuhimed Alsheikh Alhagbani Law Firm, have advised the joint lead managers and lenders on a US$1.9…
Squire Patton Boggs adds three partner team in Dubai
Squire Patton Boggs have expanded its Middle East presence with the addition of a team of three partners in its…
Winston & Strawn to close Dubai office in Q1 2020
Winston & Strawn is set to close its offices in Dubai in the first quarter of 2020. According to…
Herbert Smith Freehills Advises Uber on US $3.1BN Acquisition of Middle East Operator Careem
Herbert Smith Freehills had advised Uber on the acquisition of Careem. The deal completed on 2 January 2020 with…