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In the Middle East, family businesses dominate key industries and employ over half the region’s workforce. Family businesses are the mainspring of every Middle Eastern economy. However, they are confronted by major challenges. That is where we can help.

The Securities Central Counterparties Regulation (the “Regulation”) was issued by the Board of the Capital Markets Authority (“CMA”) pursuant to resolution number 3-127-2019 dated 21/3/1441H (corresponding to 18/11/2019G) to regulate Securities Clearing activities in the Kingdom of Saudi Arabia (“Kingdom”) and specify the procedures and conditions for obtaining an authorisation to carry out such activities. The Regulation reinforces the theme of...

New rules on short stay Schengen visas

Welcome to the Banking & Finance focus edition of Law Update.

Developments in 2019 suggest that the regulation of work and the employment relationship will continue to be an area of focus as the Kingdoms of Saudi Arabia and Bahrain move into a new decade and compete regionally and internationally for foreign investment and talent.

This week’s long read is on the new Investment Law recently adopted in Uzbekistan – the move seen as an attempt to codify the governments’ efforts to attract investor attention.

As part of the Saudi Arabian Monetary Authority’s (“SAMA”) endeavours to achieve the objectives of the financial sector development program, which is one of the pillars of KSA’s 2030 vision, SAMA has issued the Payment Services Provider Regulatory Guidelines (the “PSP Guidelines”). The PSP Guidelines will enable the licensing of non-banking financial institutions such as payment companies and will regulate the provision of payment services in...

In light of the Dubai Land Department’s continuous endeavours to simplify and improve the registration services of real estate rights in Dubai, Majid Al Mirri, CEO, Real Estate Registration and Real Estate Services, issued Circular Number R/102/2020 concerning the registration of Initial Sales Contracts (“Circular”).

In light of the current Coronavirus alert, the Italy Visa Application Centres in the People's Republic of China will remain closed until 9 February 2020 included. At present the offices are due to reopen on 10 February 2020 however, the re-opening date may change, subject to further notifications from authorities.