Warning to Contractors Dealing with GCC Governments

Analysis Offset obligations (“Offsets”) are required by most of the GCC governments from their foreign service and product providers (“Contractors”). In short, as a matter of public policy, GCC governments will never contract with foreign corporate entities without any specific offset agreement which will provide an economic benefit from their expenditure. This article, explores the…

B-2-B Dispute Resolution

For some while, the Dubai Department of Economic Development (DED) has had a Commercial Control and Consumer Protection Department (CCCPD), dealing with consumer disputes. However, it has recently set up a new sub-department, called the Business Protection Department (BPD) which will function as a local commercial dispute-resolution and settlement body. In the past, there were numerous disputes among businesses and professionals in Dubai but although…

SAGIA Implements A Fast Track Registration Process In A Bid To Attract Sizable Foreign Investments

In an attempt to address recent criticisms targeted at its complex and time-consuming registration procedures and in order to attract significant foreign investments, perceived as a means of counterbalancing a decrease in oil prices and deficit in budgets, the Saudi Arabian General Investment Authority (“SAGIA”), has embarked upon a comprehensive overhaul of the framework governing…