Middle East

US Government Terminates Burma Sanctions and Further Clarifies the Application of Iran Sanctions

In the past week, the US government took executive actions to continue its easing of the Burma and Iran sanctions regimes. On October 7, 2016, the U.S. government issued an Executive Order effecting the termination of the long-standing Burma sanctions … Continue reading

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Filed under Corporate Crime, Middle East, Myanmar, Non-UK regulation, Sanctions and Money Laundering, US

UAE Cabinet Approves Bankruptcy Law Reforms

The lack of a modern bankruptcy law, and possible criminal prosecution for debt default, has long been a major issue for entrepreneurs in many parts of the Middle East. That may all be about to change in the UAE as … Continue reading

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Filed under Middle East, UAE

Middle East Financial Services Briefing

A round-up of key legal and regulatory developments in the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman and Saudi Arabia  Overview and review of 1st half of 2016 The first half of 2016 has seen a significant amount of activity … Continue reading

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Filed under Middle East

Iran files case against the USA before the ICJ

In a press release published on 15 June 2016 (available here), the International Court of Justice ("ICJ") announced that Iran has instituted proceedings against the USA, in respect of alleged violations under the 1955 US-Iran Treaty of Amity, Economic Relations … Continue reading

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Filed under Middle East, Non-UK regulation, Sanctions and Money Laundering, US

Corporate Crime Monthly Update February 2015

Welcome to the February 2015 edition of our corporate crime update – our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each jurisdiction/region, please … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Dubai, EU, Europe, Hong Kong, India, Indonesia, Japan, JURISDICTIONS, Korea, Malaysia, Middle East, Myanmar, Pakistan, Sanctions and Money Laundering, Singapore, Spain, Thailand, UAE, Ukraine, US, Vietnam

EU introduces new asset freezing measures against Yemen

On 19 December, the EU published Council Decision 2014/932/CFSP and Regulation 1352/2014 in relation to the situation in Yemen. The measures came into force immediately upon publication. The new measures impose an asset freeze on three individuals: Abdullah Yahya Al … Continue reading

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Filed under Corporate Crime, Europe, European Regulation, Middle East, Sanctions and Money Laundering, UK Regulations

Corporate Crime Update – October 2014

Welcome to the October 2014 edition of our corporate crime update – our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on … Continue reading

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Filed under Americas, Asia, Asset management, Australia, Bribery and Corruption, Cambodia, China, Corporate Crime, Dubai, EU, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Middle East, Russia, Singapore, Spain, Thailand, UAE, Ukraine, US, Vietnam

Corporate Crime Update – September 2014

Welcome to the September 2014 edition of our corporate crime update – our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters.  Our update now covers a number of jurisdictions.  For the full update on … Continue reading

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Filed under Asia, Australia, China, Corporate Crime, Dubai, HM Treasury, Hong Kong, India, Indonesia, Japan, Middle East, Myanmar, Pakistan, Russia, Sanctions and Money Laundering, Thailand, Ukraine, Vietnam

Corporate Crime Update – June 2014

Welcome to the June 2014 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Corporate Crime, Dubai, EU, Europe, Hong Kong, India, Indonesia, Japan, Middle East, Pakistan, Russia, Thailand, UAE, Ukraine, US, Vietnam

UAE: Review of DFSA Markets Brief No. 6: ongoing market disclosure

The Dubai Financial Services Authority (“DFSA”) is the independent regulator of all financial and ancillary services conducted through the Dubai International Financial Centre (“DIFC”).  In January 2014, the DFSA published Markets Brief No. 6 (“MB6”) which discussed the DFSA’s policy on: … Continue reading

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Filed under Dubai, Middle East, UAE