Youssry Saleh & Partners
On 16 March 2020, in response to the socioeconomic disruption caused by the global coronavirus (COVID-19) pandemic, the Central Bank of Egypt (CBE) issued a circular which put in place a...
This article attempts to provide a summary of the key principles applicable to a custodian of digital assets.
Andersen Tax LP
Modern banking as we know it, has been around for a very long time. It started with prototype banks (merchants) that gave grain loans to farmers; and traders who sold goods between cities around 2000 BC in Assyria, India, and Sumeria.
LeLaw Barristers & Solicitors
The context for the above statement by Nigeria's insurance regulator was subsequent to the litigation instituted by aggrieved shareholders of some insurance companies to stop NAICOM's...
For example, the regulations require PSBs to issue cards and install ATMs rather than giving them the option of a purely digital proposition.
NAICOM's power to administer, supervise, regulate and control the insurance industry is derived both from its establishment Act and the Insurance Act.
Perchstone & Graeys
On October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011).
Banwo & Ighodalo
As part of its efforts to make the Nigerian business climate investment-friendly, the Federal Government of Nigeria has introduced various incentives and reliefs aimed at promoting both local and foreign investments.
Almost exactly five years after the Financial Services Board released the first draft board notice on margin requirements for derivatives...
Many banks and other financial services businesses and corporates have started preparing for life after the London Interbank Offered Rate ("LIBOR").
Clyde & Co
The Bank of Tanzania (the BoT) exercising its powers under section 60(1) and (2) of the Microfinance Act of 2018 (the Act) has published the Microfinance (Non-Deposit Taking ...
On 14 April 2020, the Bank of Uganda issued guidelines on credit relief and loan restructuring measures for Supervised Financial Institutions ("SFIs") during the Coronavirus (COVID-19) pandemic.
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
The UAE Insurance Authority issued Board of Directors' Resolution No. (14) of 2020 on the Amendment of Some Provisions of the Insurance Authority Board of Directors' Resolution...
Shearman & Sterling LLP
Knowing which corporate vehicle to use is a key concern in any commercial enterprise. This article will summarise the different types of corporate entity used within the Kingdom of Saudi Arabia and...
The influx of regulatory initiatives in the UAE is having the
dual effect of bringing the jurisdiction into alignment with
international regulatory standards
DLA Piper UK LLP
On 30 October 2018, the UAE government issued UAE Federal Law No. 19 of 2018 on Foreign Direct Investment (FDI Law).
Horizons & Co
Since the 2007 - 2009 financial crisis, the talk and lengthy discussions about systemic risks and its implication on the stability of the global financial system has not ceased.
BSA Ahmad Bin Hezeem & Associates LLP
In the interests of simplicity and efficiency, two new DIFC laws have changed the regulatory requirements for DIFC companies and registered persons as Robert Mitchley explains.
STA Law Firm
UAE The President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued Federal Decretal Law No. (9) of 2018 regarding Public Debt which will enable the federal government to issue sovereign bonds...
Economists have long debated the effectiveness of laws enacted to spur economic development. But cities continue to try to create jobs and wealth, and some like Abu Dhabi seem to be doing something right.