Category

Bahrain

Category

Global law firm Baker McKenzie has won three awards at the Middle East Legal Awards 2020 hosted by industry leading media group Legal Week on 5 November 2020. During these unprecedented times of market disruption brought by the COVID-19 pandemic and other geopolitical developments, the firm continues to cement its leading position in the legal industry, having won: “Arbitration Team of the Year” and “Real Estate Team of the Year” for the first time, and…

As the effects of the 2019 Novel Coronavirus (COVID-19) continue to be felt around the world, businesses face significant levels of instability and uncertainty caused by weakened financial markets and disruption to workplace operations and business pipelines, and resulting in a growth in the number and types of disputes. What will this mean for the future of disputes in the Middle East and North Africa (MENA)? The Baker McKenzie Dispute Resolution team explores ‘The Future…

In brief Recent developments in the labour laws of the United Arab Emirates (UAE), Saudi Arabia and Bahrain have been issued to bridge the gender- pay gap between men and women. The updates have been in relation to: (i) prohibiting discrimination, whether in pay or otherwise, between male and female employees who carry out the same job in the UAE, Saudi Arabia and Bahrain; (ii) introducing paternity leave in the UAE; and (iii) granting female…

Against the backdrop of continued business and societal disruption caused by the COVID-19 pandemic, M&A activity in the Middle East still showcased some stability in the first quarter of 2020, increasing in value by over USD 5 billion and in volume by 6 additional deals in comparison to Q4 2019, according to the latest report by global law firm Baker McKenzie*. “It is evident that the current global situation has caused a slow down…

The Kingdom of Saudi Arabia (KSA) has announced to triple the rate of VAT to 15%, which will come to effect on 1 July 2020. This is a significant rate increase and one of the fiscal measures taken by the KSA Government to mitigate the negative effects of the COVID-19 pandemic and other macro-economic developments on public finance. The increased rate is expected to apply to all supplies of goods and services that are currently…