Company Law Changes in 2016 - The Small Business, Enterprise and Employment Act 2015 Note: The requirement to keep a PSC register came into force on 6 April 2016.
In January 2016 the first UK company to be prosecuted for corruption was sentenced to a fine of just over £1.3m, had over £800k confiscated and was ordered to pay £25k in prosecution costs; with two directors being convicted and sentenced (in 2015): Christopher Smith received an 18-monthimprisonment sentence (suspended for two years) for two […]
Introduction Given the substantial developments and growth in the Islamic finance industry over the last 10 years or so, it is clear that the pace of innovation has also had its downsides. Some Shariah scholars and practitioners have criticised the sector’s rapid growth as occasionally being reckless and unnecessarily “pushing the theological boundaries too far”. […]
Insolvency and Restructuring Law and Practice in the UAE
What is the principal current legislation relating to insolvency in the UAE? What is the importance of insolvency and restructuring laws in the UAE market? What are the main features of the present insolvency system in the UAE? How has the insolvency and restructuring market evolved in the UAE? What will be the potential impact […]
