The US Treasury Department and the US State Department have announced two new rounds of sanctions against Syria, including the first designations under the recently-enacted Caesar Syria Civilian Protection Act (“Caesar Act”). The first round, announced on June 17, 2020, resulted in the addition of 39 individuals and entities to the List of Specially Designated Nationals and Blocked Persons (“SDN List”) maintained by the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) pursuant Caesar…
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Recent
In brief The Abu Dhabi Court of First Instance recently dismissed an appeal filed by the Federal Tax…
Overall global deal values down 31% from the previous half year, and 41% from H1 of 2019 which…
U.S. and GCC target ISIS financial network
by Borys Dackiw, Samir Safar-Aly, LL.M. and Kerry Contini 5 Mins ReadOn 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six…
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently designated as Specially Designated Nationals…
Recap Licensees with a financial year-end (“FYE”) of 31 December 2019 were required to submit the economic substance…
In briefThe long awaited Implementing Regulations under Federal Law No. 2 of 2019 concerning the Use of the…