Shifting Priorities Beyond Compliance: The Future Role of The Global Mobility Function

Shifting Priorities Beyond Compliance: The Future Role of The Global Mobility Function

Introduction As today’s global village gets smaller with every passing day, many forward-looking companies are increasingly entering into mergers and acquisitions (M&A) and overseas collaborations for reaping the benefits of operating and trading in multiple countries and promoting innovation, development and market outreach. These companies are also sending and engaging their HR and legal resources […]

Singapore: Adding Value as a Talent, Technology and Trade Hub Globally and In Southeast Asia

Singapore: Adding Value as a Talent, Technology and Trade Hub Globally and In Southeast Asia

The ‘Google for Singapore’ event was celebrated for the first time in Singapore on 23 August, Tuesday marking the 15th anniversary of this company. A large number of industry and government leaders, including Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong (DPM Wong), attended this memorable event. In Google’s 15th anniversary event, the […]

UK GCC FTA Negotiations are All Set to Gather Momentum

UK GCC FTA Negotiations are All Set to Gather Momentum

The Gulf Cooperation Council (GCC) and the UK launched negotiations on Monday, 22nd August 2022 for a free-trade pact. The initial round of talks on the two-way trade agreement continued till Thursday, August 25. The opening session of the first stage of the free trade talks was addressed by Dr Nayef Al Hajraf, Secretary-General of […]

Transfer Pricing: How it Would Affect the UAE Business?

Transfer Pricing: How it Would Affect the UAE Business?

Introduction Corporate Tax (CT) implementation in UAE was announced on 31st January 2022 by the Ministry of Finance and it was confirmed that one of the mechanisms substantiating the new tax law would be the introduction of Transfer Pricing (TP), based on the Organisation for Economic Co-operation and Development (OECD) principles. The transactions and entities […]

Shareholders’ Agreement: Not Legally Binding However Crucial for UAE Startups

Shareholders’ Agreement: Not Legally Binding However Crucial for UAE Startups

Under UAE Federal Law No. 5 of 1985 (Civil Code), contracts may either be in written or verbal form and do not need the Shareholders’ Agreement (SHA) mandatorily. However, for the avoidance of any future dispute about the agreed terms and conditions between the parties, proper documentation of an SHA in written form is often […]

DIFC: Announces the Launch of First Global Family Business and Private Wealth Centre

DIFC: Announces the Launch of First Global Family Business and Private Wealth Centre

In a press release dated 8th August 2022, Dubai International Financial Centre (DIFC), the leading financial centre in the Middle East, Africa and South Asia (MEASA) region announced the creation of a hub for global and regional family-owned businesses, UHNWIs and Private Wealth Centres. This initiative complements DIFC’s 2030 strategy objectives, which would enable DIFC […]