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Sustainable Horizons: The Saudi Arabian Vision
We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full edition
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Ammar Al-Humairi
Associate
Biography
Ammar is an associate in corporate structure, He has significant experience advising companies and their boards of directors, executive management, and legal teams in public and private in complex corporate transactions. In addition, he regularly advises clients in other corporate, securities, strategic and business-related matters, including corporate governance, stockholder, reporting obligations and disclosure issues.
He has successfully represented all types and sizes of taxpayers, manufacturers, developers, property managers, local businesses, and individuals. He worked as well on taxes matters covered property tax, sales and use tax, transfer tax, withholding tax and franchise and income tax disputes with other Iraq directorates of revenue and local assessing authorities.
He is also experienced in IP matters including trademarks and patent, including grant procedures, infringement advice and conducting opposition and appeal proceedings, consists of litigating in the field of IP. Ammar advises foreign multinationals on trademarks disputes. He also assists companies in granting procedures and litigation.
Recent Experience
- Providing legal advice on tax matters in Iraq such as tax exemptions, contract taxability, and tax amounts Advice on tax compliance Preparation and filing of financial statements with tax benefits Efficient tax and investment structuring Assistance on tax disputes and litigation Guidance on the requirements of opening a taxation file with the general commission of tax in Iraq upon company registration Compliance check for legal requirements when doing business in Iraq Assistance with obtaining tax identification number and receiving a tax clearance letter from the general commission reviewing financial statement before submission to the Tax Authority, Following on monthly basis to pay and submit PIT form . Further an extensive experience with settling fines and taxes imposed against client companies. Estimate AND calculate taxes CIT and PIT.
- Experience in ministry of health contracts and pharmaceutical companies.
- Review and preparation of the residential and commercial land purchase and sale agreements Assistance with master community plans Ensuring compliance with all relevant local laws Assistance with landlord and tenant disputes Mortgaged property foreclosure actions Organizing the real estate owner’s accounts—both monthly and yearly, Taxing the property Submitting a tax-free request for vacant properties, etc.
- Register trademarks, industrial designs, patents, copyrights, and digital rights with the Iraqi regulatory authorities. Enforcement, protection, and litigation in respect of IP rights. Providing regulatory advice on the Iraqi IP landscape. IP rights prosecution. Transfers of IP and other IP transactions. Drafting waivers, assignments, and licenses in respect of IP rights.
- Experience in Insurance, providing legal advice regarding compliance in Iraq,
- Sufficient proficiency in deal with issues the corporate and Update Companies file with the Registrar of Companies.
Language(s)
- Arabic
- English
Education
2019 – Bachelor in English, University of Baghdad
2015 – Bachelor Degree in Law, University of Al Mustansiriyah
Admission
2015 – Iraqi Bar Association
Practice(s)
Insights
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