Staying Connected in KSA

A review of the legal and regulatory framework governing the licensing and importation of telecoms equipment in Saudi Arabia. The telecommunications sector is a vital component of any economy and has gained further significance in this digital era where commercial and financial transactions of all sorts rely primarily on effective and efficient telecommunications networks, infrastructure and equipment.…

Oil Contracts and Policy in Iraq

‘Ten years on and Erbil has evolved from a backwater to a modern-day boomtown’ spoken of in laudatory profiles in the international press. Oil rich, stable and with its own military and government, Iraqi Kurdistan boasts a mix of both security and growth and attracts nowadays thousands of foreign and Kurdish-owned companies. Erbil is considered…

Contract Watch: Forfeiture Clauses

Forfeiture’ or ‘liquidated damages’ clauses feature in many commercial agreements, and more commonly in joint venture contracts in the oil and gas exploration and construction sectors. They are common in GCC contracts but the approach differs to common law jurisdictions. Most construction contracts contain a provision for liquidated damages to be paid in the event of…

Country Report – UAE: Leading The Way In The Middle East

The past month witnessed the announcement of several pieces of groundbreaking news fostering the growth and presence of Shariah compliant products in the Middle Eastern market. The latest developments are pushing hard at the limits and boundaries of the Islamic finance industry as serious new players are coming on board. Goldman Sachs Sukuk: Goldman Sachs…

BSA speak on Alternative risk transfer (ART) at MENA IR breakfast briefing

Panellist at the MENA IR Breakfast Briefing Hosted by at Jumeirah Emirates Towers on 24 September 2014 Speaker: Irshied Tayeb Could third-party capital transform the reinsurance market? Alternative risk transfer (ART) products such as insurance-linked securities (ILS) and cat bonds are increasingly being used to provide capacity to (re)insurers. What are the pros and cons…

Insurance & Reinsurance Law & Regulation – Jurisdictional Comparisons: First Edition

The international nature of recent developments presents challenges not only to regulators, but also to legal systems. This first edition of Insurance & Reinsurance Law & Regulation is an essential reference guide for corporations, financial institutions and legal professionals. Covering more than 19 major jurisdictions worldwide, it provides a clear overview of the regulations and…