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United Arab Emirates
Mayer Brown
On November 25, 2020, the UAE Royal Cabinet announced the issuance of a new decree amending the Federal Commercial Companies Law (Federal Law No. 2 of 2015) and superseding the 2018 Foreign Direct Investment Decree.
Envoy Global, Inc.
Effective December 1, 2020, the Government of the United Arab Emirates (UAE) will allow certain foreign investors to fully own local companies without an Emirati sponsor.
Gowling WLG
News reports published on 23 November 2020 (for more information see the Emirates News Agency's press release and Gulf News' report) made the exciting announcement that the United Arab Emirates...
Herbert Smith Freehills LLP
On Friday 23 October 2020, Abdalla Hamdok, the Prime Minister of Sudan, along with Abdel Fattah al-Burhan, the head of Sudan's sovereign council, entered into an agreement with the Israeli prime minister, Benjamin Netanyahu.
Rahman Ravelli Solicitors
Syed Rahman of financial crime specialists Rahman Ravelli assesses the UAE's stance.
Herbert Smith Freehills LLP
The leaders of the United Arab Emirates ("UAE") and Israel signed an agreement in Washington yesterday, on 15 September 2020, formalising the countries' commitment to normalise diplomatic relations.
Herbert Smith Freehills LLP
On Friday 11 September 2020 it was announced in a joint statement released by the Kingdom of Bahrain, the United States and Israel, that the Kingdom of Bahrain would ...
Herbert Smith Freehills LLP
The long-standing Israel Boycott Law was introduced in the UAE in the early 1970's in response to a recommendation by the Secretariat of the Arab League.
BSA Ahmad Bin Hezeem & Associates LLP
The emirate of Ras Al Khaimah (RAK) has now allowed 100% foreign ownership to companies in the mainland in order to attract more foreign direct investment (FDI) into the emirate.
BSA Ahmad Bin Hezeem & Associates LLP
The maritime sector has always been significant to the growth of the UAE economy over the decades. This has been most apparent in Dubai where the creation of Jebel Ali Port and the Dubai Dry Docks in the 1970's...
Cleary Gottlieb Steen & Hamilton LLP
The United Arab Emirates has taken another step along the path towards becoming one of the most friendly jurisdictions for foreign investment.
Hassan Elhais
Early this year, Securities Commodities Authority (SCA) issued recommendations proclaimed rules for budgetary establishments regarding the AML Guidelines.
Clyde & Co
The positive list provided for in the UAE FDI Law has now been issued by the UAE Cabinet and has come into effect. This is a significant development for foreign investors that are interested in investing in...
BSA Ahmad Bin Hezeem & Associates LLP
Following from our recent newsflash regarding foreign ownership of businesses in the UAE, Sheikh Mohammed bin Rashid Al Maktoum, UAE Prime Minister and Ruler of Dubai,...
BSA Ahmad Bin Hezeem & Associates LLP
The Foreign Direct Investment Law (Decree No 19 of 2018) established a framework enabling up to 100% foreign ownership of UAE businesses, outside of the designated freezones.
BSA Ahmad Bin Hezeem & Associates LLP
In a bid to boost investment in Dubai and based on the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, a new package...
STA Law Firm
The UAE, with the aim to strengthen national framework for boosting trade and investment in the Middle East's most advanced economy,...
Hassan Elhais
Accordingly, the Cabinet Resolution 10 of 2019 for implementation of the Law has been recently issued.
BSA Ahmad Bin Hezeem & Associates LLP
Dubai is in the final countdown for the preparation of the long-awaited Expo 2020, which is set to open a year from now, in October.
STA Law Firm
CFIUS lurked in the background for years. CFIUS is an interagency committee that primarily blocks mergers, acquisitions, and takeovers by foreign entities that create a potential national security risk.
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