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COVID-19

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A landmark survey of more than 1500 compliance leaders around the world including 300 in the Middle East and North Africa (MENA)[1] has revealed major risks associated with digitalization, with 41 per cent of those surveyed admitting their organization has already experienced enforcement investigations by regulators because of technology that was poorly on-boarded and/or implemented. According to this new research The Currency of Connection: Mobilizing Technology for Compliance Integration, investigations are most likely to arise…

Over the past decade, Environmental, Social and Governance (ESG) matters have become increasingly important to organizations. Strong sustainability practices have become a critical business imperative, offering enormous opportunities for those who take it seriously and posing serious liabilities for those who don’t. In the context of disputes and enforcement, courts are beginning to recognize the gravity of environmental and climate change issues, while corporate accountability for compliance breaches arising from supply chains and business relationships…

In brief In addition to the comprehensive economic support and stimulus program launched by the UAE Central Bank to curb the financial impact of the COVID-19 pandemic, the UAE has introduced radical amendments to the UAE Bankruptcy Law, offering distressed debtors with some level of leniency during these times of economic uncertainty and market disruption caused by circumstances outside of their control. Key changes include: adding new provisions to the law related to “emergencies” such…

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…

Baker McKenzie launches a new and expanded edition of the Cross-Border Enforcement Center, a high-level comparative analysis of the enforcement of court judgments and arbitration awards across 44 jurisdictions, including the United Arab Emirates (UAE). At the height of a pandemic, companies around the world are bracing themselves for an increase in disputes, the first signs of which are already starting to emerge. These include disputes over contracts, property and payment defaults, amongst others. As…