In Neal v. Nadir [2024] DIFC A 001, the Dubai International Finance Centre ("DIFC") Court of Appeal held that provisional arbitration awards issued by tribunals seated outside the DIFC are enforceable within the DIFC. The...more
Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies.
The Saudi Arabian General Authority...more
The DIAC 2022 Rules represent the culmination of six months of work by DIAC to reconstitute itself consistent with the Decree (see Jones Day's Insight about the Decree, "Disputes Disrupted? The Impact of Dubai's Decree No. 34...more
Saudi Arabia competition authority blocks its first transaction under the Kingdom's 2019 Competition Law.
The Saudi Arabian General Authority for Competition ("GAC") announced this week that its board had blocked Delivery...more
In Short -
The Situation: Dubai Decree No. 34 of 2021 (the "Decree") was issued on 14 September 2021 and became effective on 20 September 2021. The Decree cancelled—with immediate effect—two arbitration institutions in...more
10/14/2021
/ Arbitration ,
Arbitration Agreements ,
Business Disputes ,
Commercial Litigation ,
DIFC ,
Dubai ,
Implementing Decrees ,
LCIA ,
Mediation ,
Regulatory Agenda ,
Regulatory Reform ,
Rulemaking Process ,
United Arab Emirates (UAE)
The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the creation of a Tourism Development Fund ("Fund") with an initial capital of SAR 15 billion (approximately US$4 billion).
The...more
In recent years, Saudi Arabia has witnessed substantial growth in the production of primary, midstream, and downstream mineral and metals products catering to both local and export markets. Currently, as a part of the...more
Welcome to the 2019 edition of the Jones Day Anti-Corruption Regulation Survey of Select Countries. Since the 2017–2018 edition of this Survey, there has continued to be an increasing awareness among multinational companies...more
11/6/2019
/ Anti-Bribery ,
Anti-Corruption ,
Chief Compliance Officers ,
Compliance ,
Compliance Management Systems ,
Corporate Counsel ,
Corporate Governance ,
Corporate Management ,
Due Diligence ,
Risk Management ,
White Collar Crimes
The Situation: The U.S. government historically has lagged behind other countries in providing support to investors in developing and emerging markets.
The Development: The Better Utilization of Investments Leading to...more
The Situation: African leaders gathered in Kigali, Rwanda, in March 2018 to sign the draft Agreement Establishing the African Continental Free Trade Area ("CFTA") and other related protocols. Forty-four of the 55 Member...more
5/18/2018
/ Africa ,
AGOA ,
Economic Development ,
EU ,
Foreign Investment ,
Free Trade Agreements ,
Manufacturers ,
OPIC ,
Partnership Agreements ,
Trade Agreements ,
Trade Relations ,
TTIP ,
WTO
Welcome to the 2017-2018 edition of the Jones Day Anti-Corruption Regulation Survey. In 2017 and 2018 to date, there has continued to be an increasing awareness among multinational companies of the significance of...more
4/18/2018
/ Anti-Bribery ,
Anti-Corruption ,
Chief Compliance Officers ,
Corporate Counsel ,
Corporate Governance ,
Corporate Liability ,
Corruption ,
Department of Justice (DOJ) ,
Due Diligence ,
Ethical Standards ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Official ,
Government Officials ,
Internal Audit Functions ,
Internal Controls ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Third-Party Risk ,
White Collar Crimes
The Situation: Cameroon has announced a bidding process pertaining to licensing rights for oil and gas blocks located in the Rio del Rey and Douala/Kribi-Campo Basins.
The Development: The oil and gas rights include a...more
The Situation: In November 2017, 17 sub-Saharan African states reformed both their uniform arbitration law and the arbitration rules of their regional arbitration center.
The Result: The revision of the Uniform Act on...more
The Situation: In November 2017, 17 states of sub-Saharan Africa adopted the Uniform Act on Mediation.
The Result: The practice of mediation, although it already has legislative support in Burkina Faso, Ivory Coast, and...more
The Treachery of Images -
Most people are familiar with the famous painting by René Magritte called "The Treachery of Images" (1928). The picture shows a pipe and below it the caption "This is not a pipe."
In Africa,...more
12/19/2017
/ Acquisitions ,
Africa ,
Banking Sector ,
Competition ,
Economic Development ,
Energy Sector ,
Foreign Investment ,
Global Economy ,
Infrastructure ,
International Finance ,
Mergers ,
Oil & Gas ,
Popular ,
Public Projects ,
Telecommunications ,
Television Broadcast Stations
The Situation: In November 2017, Robert Mugabe, the only leader Zimbabwe had known in 37 years, was ousted from power.
The Development: Will this change in leadership usher in a new era of good governance and economic...more
12/8/2017
/ Africa ,
Agricultural Sector ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Dispute Resolution ,
Energy Sector ,
Exports ,
Foreign Investment ,
International Arbitration ,
Office of Foreign Assets Control (OFAC) ,
Transparency ,
World Bank ,
Zimbabwe
Recently, Tanzania enacted a series of mining laws that significantly erode protection for existing and future investments in the mining industry. As part of these measures, one foreign investor has been assessed a US$190...more
Guinea's Urgent Need for Critical Infrastructures -
Guinea is a geological goldmine, quite literally, when one considers the high concentration of natural resources in its soil (including diamonds, gold, iron, bauxite,...more
8/3/2017
/ Construction Project ,
Critical Infrastructure Sectors ,
Economic Development ,
Foreign Investment ,
Guinea ,
Infrastructure Financing ,
Natural Resources ,
OHADA ,
Procurement Guidelines ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects
On July 11, 2017, President Trump issued an executive order that postpones any decision regarding whether to terminate the comprehensive sanctions regime against Sudan for an additional three months—until October 12, 2017....more
On June 11, 2017, the Saudi Arabian Excise Tax Law ("Excise Tax Law"), as enacted by Royal Decree No. M/86 and dated 27/8/1438 H / May 23, 2017, came into force in Saudi Arabia. The new law implements the GCC Unified...more
6/24/2017
/ Appeals ,
Dispute Resolution ,
Excise Tax ,
Imports ,
International Tax Issues ,
Manufacturers ,
Mediation ,
Proposed Regulation ,
Public Safety ,
Sale of Goods Act (SOGA) ,
Saudi Arabia ,
Value-Added Tax (VAT)
The Tunisian Ministry of Energy, Mines and Renewable Energies has launched the first phase of its renewable energy program, which includes the development of 210 megawatts ("MW") as follows...more
On Monday, June 5, 2017, Bahrain, Egypt, Libya's eastern region-based government, the Maldives, Saudi Arabia, United Arab Emirates ("UAE"), and the internationally recognized government of Yemen severed ties with Qatar,...more
6/8/2017
/ Africa ,
Bahrain ,
Banking Restrictions ,
Egypt ,
Foreign Relations ,
Jordan ,
Libya ,
Mauritius ,
Middle East ,
Qatar ,
Saudi Arabia ,
Terrorism Funding ,
Trade Relations ,
Travel Restrictions ,
United Arab Emirates (UAE) ,
Yemen
The Algerian Program for the Development of New Renewable Energies ("Program") aims to produce 22,000 MW for the needs of the national market over a period extending from 2015 to 2035-2040. More than 4,000 MW are intended to...more
5/31/2017
/ Algeria ,
Auction ,
Bid Solicitation ,
Electricity ,
Energy Projects ,
Foreign Investment ,
Infrastructure Financing ,
Power Purchase Agreements ,
Public Procurement Policies ,
Renewable Energy ,
Solar Energy
On 29 January 2017, the Saudi Minister of Labor issued Resolution No. 50945 ("Resolution") restricting termination of groups of Saudi employees for redundancy. This significant development comes at a time when many employers...more