UAE: Is it illegal to charge interest when lending money?
goo.gl/gsCTig See also: www.hadefpartners.com/News/651/The-Central-Bank-of-the-UAE-issues-its-regulatory-framework-for-short-term-lending 0
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Education: The role of IFCs in facilitating Global Investment
goo.gl/UEqL1b goo.gl/yrAQch Click to access Offshore-Banking-3-web.pdf www.ifcforum.org/benefits-of-ifcs/creating-jobs-and-investment Click to access ODIReport.pdf 0
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Israel: Control of Financial Asset Services delayed
www.barlaw.co.il/client-updates/new-financial-services-law-establishes-mandatory-licensing-requirement-for-financial-service-providers/ www.barlaw.co.il/client-updates/control-financial-asset-services-update/ www.hfn.co.il/client-update-postponement-regulated-financial-services-law-regarding-providers-services-financial 0
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UAE: New Insurance Authority regulation
goo.gl/r1Tq3P bsabh.com/new-insurance-law-opens-up-opportunities/ 0
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UAE: Resolution to end 51% local ownership
www.clydeco.com/insight/article/uae-cabinet-resolution-an-end-to-51-local-ownership www.pwc.com/m1/en/services/tax/me-tax-legal-news/2018/major-changes-announced-for-uae-foreign-ownership-restrictions-and-residency-visas.html www.bakermckenzie.com/en/insight/publications/2018/05/the-uae-takes-further-steps-to-boost Update: www.out-law.com/en/articles/2018/november/uae-law-foreign-ownership-business-sectors/ www.clydeco.com/insight/article/ground-breaking-uae-business-reforms-announced www.linklaters.com/en/insights/publications/2019/july/united-arab-emirates-permits-greater-foreign-investment-across-new-sectors horizlaw.ae/insights/law-updates/December_2018/The_New_Foreign_Direct_Investment_Law 0
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EU: Response to US re-imposition of sanctions on Iran
www.whitecase.com/publications/alert/eu-responds-us-re-imposition-sanctions-iran goo.gl/WLJooo foreignpolicy.com/2018/05/15/leaving-the-iran-nuclear-deal-will-have-unintended-consequences/ See also: goo.gl/K1ieKshttps://globalcompliancenews.com/us-iran-sanctions-eu-blocking-regulation-20180520/ 0
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Oman: Introduction of Real Estate Investment Trusts
www.dentons.com/en/insights/alerts/2018/may/9/the-introduction-of-real-estate-investment-trusts-in-oman goo.gl/DGhJ9V 0
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Iran: US re-imposing nuclear Sanctions
goo.gl/ZYbVc4 www.cliffordchance.com/briefings/2018/05/back_to_the_futuresecondarysanction.html See also: goo.gl/4B4JWV goo.gl/WcYJnE Update: www.fincen.gov/news/news-releases/fincen-issues-advisory-iranian-regimes-illicit-and-malign-activities-and www.fincen.gov/resources/advisories/fincen-advisory-fin-2018-a006 www.hlengage.com/fincen-warns-of-iran-using-virtual-currencies-to-bypass-sanctions www.ropesgray.com/en/newsroom/alerts/2018/12/A-Review-Of-US-Economic-Sanctions-In-2018 www.findknowdo.com/news/06/17/2021/ofac-issues-general-licenses-respond-covid-19-syria-venezuela-and-iran?utm 0
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Israel: Law for Reducing the use of Cash
goo.gl/4i7bL7 0
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Iran: Cryptocurrencies – the swift way to pay?
digital.freshfields.com/post/102esot/iran-and-cryptocurrencies-the-swift-way-to-pay See also: goo.gl/Yu393n goo.gl/yNF5KR www.mme.ch/en/magazine/magazine-detail/url_magazine/crypto_currencies_tokens_smart_contracts_and_sanctions/ www.hlengage.com/fincen-warns-of-iran-using-virtual-currencies-to-bypass-sanctions 0
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