Enforcement of court judgments and arbitral awards in Saudi Arabia

Legal Briefing

Court judgments and arbitral awards are enforced in Saudi Arabia in accordance with the new Enforcement Law issued by Royal Decree No. M/53, dated 13 Shaban 1433H (corresponding to 3 July 2012) (the Enforcement Law); and the Implementing Regulations for the Enforcement Law issued by Ministerial Resolution No. 9892 dated 17 Rabi Thani 1434H (corresponding …

Securities litigation gathers momentum in the UK

Legal Briefing

Clifford Chance’s Ian Moulding, Chris Yates, Jason Epstein and Ryan Byrne consider the rising tide of US-style ‘stock drop’ shareholder class actions in the UK, and offer practical tips for in-house counsel on managing the risk of shareholder litigation Shareholders can bring claims against listed companies to recover losses suffered as a result of a drop …

Landmark law to permit up to 100% foreign ownership in onshore UAE

Legal Briefing

The government of the United Arab Emirates (UAE) continues to introduce measures, including key legislative changes, intended to further diversify the UAE’s economy away from its historic dependence on oil revenues. One key focus has been upon the introduction of measures that increase the UAE’s attractiveness as a destination for foreign direct investment (FDI). In …

Springboard injunctions to take off in the DIFC courts?

Legal Briefing

With the continued influx of businesses and service providers into Dubai, competition between financial and professional services firms has never been higher. Those seeking an instant ‘beachhead’ in the jurisdiction by recruiting existing teams and professionals with inflated sign-on bonuses may find themselves instead on the end of a very costly springboard injunction. Such forms …

The rise of legal operations

Legal Briefing

Shay Ogunsanya of Legisway by Wolters Kluwer asks whether your legal department is operating in the most strategic way it can? Does your legal department operate in the most strategic way possible? That is the question fuelling the impressive rise of the legal operations function in legal departments around the world.

French jurisdiction when assessing evidence in cross-border disputes – more advantages than you think

Legal Briefing

There is a well-known difference between common law systems and civil law systems when it comes to evidence gathering. Because of that difference, citizens in common law regimes tend to believe that their jurisdiction is more favourable with regards to evidence gathering as what is known as the discovery process compels parties to communicate the …