On 19 June 2019, the President announced an amendment to the Criminal Speedy Trial Act (Amendment). We summarize the key points below: (1) The cap on accumulated period of detention during the trial is shorten from 8 years to 5 five years, which will be enforced 1 year after the announcement of the Amendment.

Electronic Payment 1. Amendment to Rules Governing the Administration of Electronic Payment Business On 2 July 2019, the Financial Supervisory Commission (FSC) announced the amendment to the Rules Governing the Administration of Electronic Payment Business. We summarize the key points below: (1) To allow an electronic payment institution to provide the message conveyance services among users;

Guaranteeing the safety and wellbeing of children and young people is of paramount importance to every nation. The UAE Federal Law No. (3) of 2016 (the ‘Child Rights Law’) embodies this basic principle. Even though the Child Rights Law includes provisions that were already regulated by former existing UAE laws, it is still considered a major development in this area.

The Global Borrowers and Investors Forum - Asia will take place on 3rd September in Singapore.

Iraq's newly passed amnesty law on tax penalties according to law No. 9 for 2019. This law is effective from the date of publication in the official gazette (Iraqi Official Gazette) on 19 August 2019.

CGA Monthly Bulletin (Aug 2019)

The recent appointment of Sandro Gozi, Italy’s minister for European affairs in both the Renzi and Gentiloni cabinets, as EU adviser to French Prime minister has raised fierce reactions amongst political parties and some party leaders have called for Gozi’s citizenship to be “revoked” for working with a foreign government.

Panama, August 26, 2019. Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €490,000,000 senior secured notes due 2025 with a floating interest rate of three-month EURIBOR (subject to a 0% floor) plus 362.5 basis points per year, reset quarterly, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Pan...

Leasing has become an increasingly important mode of finance for companies, particularly in the case of financing of expensive capital equipment (such as machinery, equipment, vehicular assets, vessels, aircrafts) and for individuals, particularly in the case of financing of real estate and motor vehicles.

The last few years have witnessed a noticeable and tangible improvement in the business conditions in Egypt due to legislative and procedural overhauls that have made Egypt a competitive, emerging market.