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German Legal Expertise in the Middle East since 1981

Vol. XX – Issue 2, Apr. 2016-Articles

Review of
Legal News of the Gulf

PDF Version

The Background for the Seminars – Iran presents Itself!

Guiding Principles
Iran is on its way to get reconnected to the world’s business and Germany always was a strong partner. The Iranian government agreed to present the Iranian business world through a seminar, held early autumn in Germany. The Seminar organizers with the support of Iranian government will appoint official speakers and representatives of real projects.

Effects of the New UAE Company Law, Federal Law No. 2/2015

Guiding Principles
On July 1, 2015 the long-awaited new UAE Commercial Company Law, Federal Law No. 2 of 2015 (New CCLaw) has taken effect and replaced the existing Federal Law No. 8 of 1984 concerning Commercial Companies (Old CCLaw). Art. 374 NewCCLaw puts an obligation on all companies governed by the NewCCLaw to amend their by-laws by no later than 30 June, 2016, failing which stiff penalties will apply. This article will look at the effect the New CCLaw will have on LLC’s daily commercial operations.

Enforceability of Non-Competition Clauses under UAE Law

Guiding Principles
The law of the United Arab Emirates generally acknowledges the possibility to agree on non-competition clauses in employment contracts as long as its contents complies with the principles of the UAE-Labour Law (= “UAE-LL”), Federal Law No. 8 of 1980 (as amended) and the UAE-Civil Code (= “UAE-CC”), Federal Law No. 5 of 1985. However, the clauses may not always be enforceable subject to over-riding considerations of public policy.

Unifying Trademark Laws in the GCC

Guiding Principles
The GCC Trademark Law once adopted throughout the GCC intends to create uniformity of the regional trademark laws in the Middle East. The GCC member states are discussing a unified trademark law since 2007 and appear now to be moving closer to harmonization of their trademark laws. This briefing considers the next steps in the process and the implications of the new law for businesses with brand assets in the GCC.

Saudi Arabia’s Vision 2030

Guiding Principle
The Saudi Council of Economic and Development Affairs chaired by the Deputy Crown Prince Mohammad bin Salman Al Saud presented a new vision for the future of Saudi Arabia. The new vision “Saudi Arabia’s Vision 2030” as approved by the Saudi Council of Ministries on April 2016 is based on three pillars: The first that Saudi Arabia is the heart of the Arab and Islamic Worlds. The second pillar is turning Saudi Arabia into global investment powerhouse. The third pillar is transforming the location of Saudi Arabia into a global hub connecting three continents, Asia, Europe and Africa.

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