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 …

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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 …

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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 …

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Class actions in Israel – a cautionary tale for international corporations

Legal Briefing

Class actions are a widely-used litigation practice in Israel and have been so for years. Illustratively, in each of the last three years, over 1,200 new motions to certify class actions were filed. Many of these claims were filed against multinational and foreign corporations concerning their operations in Israel. In fact, one might struggle to …

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Major changes to Taiwan financial services – sandbox experiments, token offerings and internet banks

Legal Briefing

The Taiwan government has been actively promoting fintech development and there have been several major developments recently. The primary regulator of the financial services industry, the Financial Supervisory Commission (FSC), introduced the ‘regulatory sandbox’ in 2018 and several fintech experiments have been launched since. In June 2019, the FSC announced that it will regulate security …

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Recording and re-use of testimonies in Norwegian courts

Legal Briefing

In recent years, Norwegian courts have transitioned to near-full electronic communication between the parties and the courts. Court hearings are more and more often paperless, and the use of long-distance meetings and examinations by way of video link is increasing. In this article, we put the spotlight on another aspect of digitalisation that is currently …

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