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…

Islamic Finance: A Practical Guide

Islamic Finance has seen unprecedented growth in recent years and the pace of this growth is accelerating. This is evidenced not only by the size of the Islamic finance market, but also by the increasing range of sophisticated products and services. The markets for Shariah-compliant funds and takaful (Islamic insurance) are sectors in their own…

Getting The Deal Through: Real Estate

The continuing and accelerating trend toward the globalisation of all things worldwide has informed the way that we look at everything social, economic, cultural and political. And real estate – especially commercial property – is not exempt from this trend. However, I think it is critical to the understanding and evaluation of commercial real estate…

Insurance and Reinsurance In The MENA Region: A Legal and Regulatory Guide

This new book aims to provide foreign insurers and intermediaries looking to enter the market with practical, up-to-date guidance on setting up in the region. The countries featured in the book are Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. For each jurisdiction, the book…