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German Legal Expertise in the Middle East since 1981

Vol. XXII – Issue 3, Jul. 2018-Articles

Review of
Legal News of the Middle East
PDF Version

 
Foreign Shareholderhip in Different GCC Countries

Recently the UAE Cabinet has taken steps to consider revising the rule of 51% mandatory Emirati shareholder ship. This decision has fond broad reflection in the community of foreign investors to the region. In line with its series article on the Omani legal landscape and its continuous engagement in the Kingdom of Saudi-Arabia (KSA), M&P would like to take the opportunity the present foreign shareholdership structures and investment conditions in these three countries.


The right to be forgotten- Impact of the new GDPR on companies in the UAE

Effective from May 25 2018, the new General Data Protection Regulation was set in force in the member states of the European Union, except in the UK. In times of increasing data-transparency due to a fast developing online culture, the EU decided to uniform the data protection regulations for all member states of the EU. However, what are the effects of this introduction for companies located in the UAE or is there any impact at all?
The answer to this question, as always, is simply, but complicated at the same time: it depends.


Brief Remarks Concerning the New Arbitration Law in the UAE (Federal Law No. 6 of 2018)

Finally, after a long wait, the UAE has issued a new Arbitration Law, the Federal Law No. 6 of 2018, in accordance with the provisions of the Arbitration Chapter in the UAE Civil Procedures Federal Law No. 11 of 1992 and its adherence to the New York Convention in 2006.


The New Cities in Egypt

From a total area of approximately one million square kilometres, only 7.7% is inhabited in Egypt as per the estimates of the local authorities. Having a population of more than 104 million, the limited inhabited area represents a huge pressure on the lifestyle in Egypt. The lack of sufficient employment opportunities and poor services are some of the inevitable results of the population density, which is concentrated around the Nile Valley. Following 2011 uprising, the decision to start building new cities for absorbing the population growth came as part of the fundamental changes that Egypt witnessed thereafter. A new capital city located 60 kilometers to the east of Cairo and a new touristic city at the Egyptian north-west coast are two examples for the new cities currently under development, in line with the highest international standards as the Egyptian officials have indicated. The officials expect that these new cities will create new horizons for the national economy.

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