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German Legal Expertise in the Middle East since 1981

Vol. XXIII – Issue 1, Jan. 2019-Articles

Review of
Legal News of the Middle East
PDF Version

 
Labour Law Workshop – Meyer-Reumann & Partners and OLAM

Join our employment law breakfast seminar series on March, April and May 2019, in cooperation with Meyer-Reumann & Partners and OLAM Group,


Cooperation of M&P with MKS Business Group

In our constant approach to widen the area of expertise that we as M&P can offer as benefit to our Clients, we are pleased to announce the cooperation of M&P with the MKS Business Group. Clients will have access to a wide range of business services including management solutions, HR Executive search and seminars and trainings offering the possibility to attend workshops in Germany that will specifically cater to the market of the Middle East focusing on the best approaches to engage in business in general and to set up a legal entity in particular.


Implementation of the Jebel Ali Free Zone Authority concerning the Offshore Company: an overview

The Jebel Ali Free Zone Authority (“JAFZA”) recently has issued a new regulation – not yet into force – regarding Offshore Companies. These new rules mark a significant step forward for the Offshore Companies set up in JAFZA and provide new tools for protecting the interests of foreign investors; thus below are mentioned some relevant provisions of the new regulation.


New Foreign Direct Investment Law – Full Foreign Ownership or Smoke and Mirrors?

In the UAE, the most common type of corporate entity to pursue business activities with is the company with limited liability, or short “LLC”. It is no secret that LLCs in mainland UAE require a UAE national majority shareholder, either a UAE national individual or a corporate entity fully owned by UAE nationals. Overcoming this “51/49” rule has been something the expat UAE business community has been dreaming of for a very long time. The newly issued “Federal Decree Law No. 19 of 2018 regarding Foreign Direct Investment” (“FDI Law”) promises paving the way for full foreign ownership. Does it live up to its promise? The answer is “yo” as in a mixture of both, yes and no.


Bahrain releases new VAT Law No. 48/2018

On 9 October 2018, the Kingdom of Bahrain (Bahrain) released its Value Added Tax (VAT) Law under Royal Decree No. (48) of 2018. The VAT implementation date will be 1 January 2019.The Law sets out the general principles for the application of VAT in Bahrain. In line with the Unified GCC Agreement for Value Added Tax (VAT), VAT will be implemented in Bahrain on 1 January 2019.


Omani Law of Contracting and Damages

Contracting has been a major focus of foreign companies in the Sultanate of Oman. The project market in the country provides a steady source of activity to many foreign companies active throughout the Middle East. Hence, in the framework of lex arabiae’s series on articles about the Sultanate of Oman we take the opportunity to shed light on the contracting structures of Omani law. These have been subject to major changes some time ago as Oman decided to shift its civil law from sharīʿa to a civil code system in 2013.

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