Article 47 of the Criminal Code, which provides that the principal punishment for a recidivist shall be increased without an exception, is against the balance principle of crime and punishment. This Article shall be amended within 2 years, and before the amendment, the courts shall pursuant to the merits of this Interpretation consider whether to increase the punishment for a recidivist or not.

His Highness, Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, recently approved two new laws aimed at enhancing the flow of foreign direct investment (FDI) into the Emirate of Abu Dhabi. Abu Dhabi is considered to have one of the most stable and vibrant economies in the Middle East and is widely considered as fertile ground for inward investment.

In a significant development, the Bankruptcy Circuit of the Abu Dhabi Court of First Instance has approved a restructuring application under Federal Decree No. (9) of 2016 on Bankruptcy (the “Bankruptcy Law”). Given it is the first time a restructuring application made pursuant to the Bankruptcy Law, it presents a useful opportunity to explore the circumstances in which the Court thought restructuring may be appropriate and how the law was...

CGA Monthly Bulletin (March 2019)

A new Federal law has been introduced in the UAE in respect of product safety, obligations of suppliers, penalties and the process of filing grievances.

In late December 2018, the Ministry of Health (MOH) published a new annex (Annex 24) to the Private Healthcare Institutions Law, which provides for a licencing regime for Telemedicine and Remote Care Centres (Telemedicine Providers) in Saudi Arabia. Previously there were no licences available to Telemedicine Providers and it was a tolerated practice by the MOH.

On 25 January 2019, the Financial Supervisory Commission (FSC) issued a ruling to allow a securities investment trust enterprise (SITE) managing the ETF may also apply for approval to launch a feeder fund (ETF Feeder Fund) which only feeds to the ETF managed by the SITE (Master Fund).

Bond University will offer Australia’s first Master of Laws in Enterprise Governance, in a bid to better educate today and tomorrow’s corporate leaders on good governance and ethical leadership.

Ten days left! The grace period for German VAT compliance for (non-EU) e-commerce sellers is ending!

In three recent decisions (Resolutions no. 20693, no. 20694 of 14 November 2018 and no. 20751 of 19 December 2018), the Italian Authority responsible for regulating and supervising the Italian financial markets (Consob) maintained its watchful, punctual, though discrete, regulatory stance on the new frontiers of financial innovation (fintech), in the context of a regulatory framework that did not take into specific consideration (yet?) the...