Establishing an office in Iraq is necessary to directly conduct business in Iraq.
New law comes into effect setting out legal framework in respect of unclaimed dividends and establishing tax benefit in relation to property received by a company for the purposes of increasing its net assets
With the gradual recovery of the global economy, private equity houses are once again looking towards emerging markets for value investments.
In the current economic climate, companies, their shareholders and other stakeholders will often take a hard look at the role of management in relation to any questionable transaction or other commercial problems.
The Democratic Republic of Congo (DRC) was last month granted leave to appeal the Hong Kong Court of Appeal decision on state immunity law, FG Hemisphere Associates LLC v Democratic Republic of the Congo and others (CACV 3732008 & CACV 432009).
The First Tier Tax Tribunal has recently handed down a decision addressing the legal status of a Delaware limited liability company (LLC) for tax purposes.
In Tandrin Aviation Holdings Ltd v Aero Toy Store LLC 2010 EWHC 40 (Comm), Mr Justice Hamblen awarded summary judgment against a party who sought to argue that the stark change in market conditions triggered a force majeure clause.
In April 2006, non-GCC nationals became entitled to buy freehold property and acquire long leases of up to 99 years within certain "designated areas" in the Emirate of Dubai through the introduction of the Real Property Regulations.
The High Court case of Internet Broadcasting Corporation Ltd (ta NETTV) and NETTV Hedge Funds Ltd (formerly MARHedge TV Ltd) v MAR LLC (ta MARHedge) 2009 EWHC 844 represents a notable development in the law on exclusion clauses.
Until recently Russian law did not recognize shareholders’ agreements (“SHA”).