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Gold is now an accepted Sharia investment

The move could ensure the metal a central role in the $1.8t Islamic finance industry

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DFM signs MoU with Dubai Courts

Move indicates the belief shared by both the DFM and Dubai Courts on the importance of coordination and cooperation in further reinforcing the efficiency of their activities

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Shaikh Mohammad issues law on free zones, special development zones in Dubai

The new Law is applicable to all free zones and special development zones in Dubai, including DIFC

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Mohammad Bin Rashid sets up Dubai Judicial Council

Maktoum to chair the council

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Dubai ruler amends law on Dubai Small and Medium Enterprises

New law amends DSME objectives to include putting in place policies and strategic plans for entrepreneurship and setting up projects

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Shaikh Saud issues law on economic activity

Ras Al Khaimah: His Highness Shaikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, on Wednesday issued law No. 7 of 2016 on the economic establishments’ control and commercial protection.

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Insight

The UAE’s New Bankruptcy Law – A Bankable Solution?

The new UAE bankruptcy law (Federal Law No. 9 of 2016) (the “New Bankruptcy Law”) was published on 29 September 2016 and came into effect on 29 December 2016.

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Tax Challenges Faced by Pakistani Governments

Increasing tax revenues has proven to be a significant challenge for recent Pakistani governments. The stagnation of the tax to GDP ratio to around 10 percent has widely been attributed to a host of inter-connected factors including weak enforcement, fragmented revenue administrations, low compliance by taxpayers, generous and distortionary exemptions and concessions to entire sectors of the economy and narrow tax bases.

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Memorandum on Pakistan Companies Ordinance, 2016 – Salient Changes

The Companies Ordinance, 2016 (the “2016 Ordinance”) was promulgated on 11 November 2016 and repealed the Companies Ordinance, 1984 (the “1984 Ordinance”), save for the provisions appearing in Sections 282A to 282N of the 1984 Ordinance relating to Non-Banking Finance Companies. This memorandum outlines the material changes brought about by the 2016 Ordinance.

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Doing Business in the Dubai International Financial Centre (DIFC)

The DIFC is the free zone in Dubai dedicated to financial and professional services.

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Proposed Changes to DIFC Funds Regime – A Game Changer?

Corporate Finance

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E-2 visa update

Law Firm wins approval of non-immigrant E-2 status for Korean business investor

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