Amendments in UAE Penal Code: Prohibiting Bribery & Misappropriation of Public Funds
Introduction The UAE has been a prodigy of the phenomenal changes for maintaining the balance of safe and protective environment at an individual as well as at an institutional level. Following the same gradation, UAE has announced amendments to the UAE Penal code (Law no. 3 of 1987) by Emiri Decree No. 7 of 2016. […]
VAT is UAE: Reason of MNC’s Joy
Introduction The UAE is all set to launch VAT which will be applicable to most of the business in the country with effect from 1st January, 2018. Preparations are in full form and authorities are leaving no stone unturned for successful implementation of the law in the country. Though business in the country are apprehensive […]
Business Types in Jordan
The different type of entity set up in Jordan is governed by the Companies Law of 1997 [Law No. 22 of 1997. And it amendments As of the Official Gazette No. 57 dated 1/11/2006]. Basically, it includes Jordanian entities holding a Jordanian nationality, foreign entities having the nationality of the parent company. Also, the Foreign […]
Recent Amendments in UAE Laws – Share Pledge and Executions against Partners
Introduction Pledging of shares is a very important topic for financial institutions and banks all around the world. It also has significance importance for foreign investors in United Arab Emirates (UAE). Until recently, the pledge over shares of onshore Limited Liability companies of UAE have been a very debatable topic during the application of Commercial […]