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German Legal Expertise in the Middle East since 1981

Vol. XXII – Issue 2, Apr. 2018-Articles

Review of
Legal News of the Middle East
PDF Version

 
Sleeping Beauty Awakening? M&P’s Oman Activities

If it comes to thinking about establishing a presence in the Gulf region generally, the usual suspects come to mind and most of the time Dubai is leading the way. However, how about alternatives? Especially considering the recent developments in the area! Let us have a closer look where else might be a good option


Adopting the Eleventh Edition of the Nice Classification in Oman

The Ministry of Commerce and Industry (MUSCAT) officially adopted the 11th Edition of the International Classification of Goods and Services for the Purposes of the Registration of trademarks under the Nice Agreement. Thus, the 11th edition of the Nice Classification came into force in February, 2018 in Oman, and replaced the outgoing 10th edition.


DMMC Launch of the Enhanced License Renewal Service

A new enhanced License Renewal service will be effective for companies registered with the Dubai Multi Commodities Centre (“DMCC”) from Sunday 18 March 2018. This service will allow renewal without any uploaded documents and by just entering the Ejari Certificate number and renewal should be done in one day if all DMCC requirements are fulfilled. License Amendments (Activity change & Address change), submission of third party No Objection Certificate, Operation Fitness Certificate and Certificate of Good Standing (applicable for certain licenses) will be independent services and will no longer be performed with the license renewal process.


Distributor or Commercial Agent – Do it Right

Companies should be diligent when organizing their distribution channels in the UAE. This article aims to point readers into the right direction in order to enable them to do it properly and avoid certain pitfalls.


Cabinet Decisions on VAT Regarding Designated Zones and Healthcare

On 9 January 2018 Vice President and Prime Minister of UAE issued two Cabinet Decisions – the Cabinet Decision Number 59 of 2017 concerning the Designated Zones (hereinafter “Cabinet Decision on Designated Zones”) and the Cabinet Decision Number 56 of 2017 (hereinafter “Cabinet Decision on Healthcare”) regarding Medications and Medical Equipment – in order to implement the Federal Law Number 56 of 2017 on Value Added Tax (hereinafter “VAT Law”).


Bankruptcy Law in Saudi Arabia

Saudi Arabia is resolutely moving towards achieving the goals of its post-oil era plan, Vision 2030. The new Saudi leadership plans to diversify the country economy to face the challenges emerged because of the drop in the global energy prices, the main source of income for the Country. In this respect, the Saudi Government is working to replace several old laws, especially those related to the economic sector, by a more liberal package of legislation for improving the business environment in the country. The recent bankruptcy law enacted for the first time is one of the most significant of this legislation. The law, approved last February by the Saudi cabinet, aims to regulate bankruptcy procedures, including settlement and liquidation of assets and is expected to enable the competent authorities to enhance confidence in financial transactions in the Kingdom.

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