Welcome to the Saudi Arabia focus edition of Law Update.
One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.
This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.Read the edition
Al Tamimi & Company and Clyde & Co team up to launch an Arabic translation of the DIFC-LCIA Arbitration and Mediation Rules
Dubai, 17 January 2018 – Leading law firms Al Tamimi & Company (Al Tamimi) and Clyde & Co, announce the launch of an Arabic translation of the DIFC-LCIA Arbitration and Mediation Rules to support the local arbitration community and help users and practitioners better understand the rules of one of the leading arbitration centres in the Middle East.
As enthusiasm grows for the United Arab Emirates as an international business hub for investment into the Arab world and beyond, arbitration and mediation have gained momentum as leading forms of dispute resolution in the Middle East region.
Nassif BouMalhab, Lead Partner for Clyde & Co’s Middle East Arbitration Group, comments: “Against that background, we thought the publication and distribution of the DIFC-LCIA Rules in Arabic would attract a broader diversity of users, particularly amongst the Arabic-speaking business community. This project is another major step towards sharing knowledge, lifting communication barriers and supporting Arabic-speaking practitioners in the region.”
Essam Al Tamimi, Senior Partner and Founder at Al Tamimi, comments: “Having the DIFC-LCIA Arbitration and Mediation Rules translated into Arabic will serve both the Arabic and international community. It will attract more users in the region as they will now have the choice to conduct arbitrations in the language that they want. This translation will certainly benefit Dubai and further position it as the arbitration hub in the Middle East. ”
Robert Stephen, Registrar of the DIFC-LCIA Arbitration Centre, says: “We are very grateful to our friends at Clyde & Co and Al Tamimi for taking the initiative to prepare an Arabic translation of the DIFC-LCIA Arbitration and Mediation Rules. The project is about contributing to the growth and development of the practice of commercial arbitration in the region and improving access to dispute resolution services and diversity, all of which is very important to the DIFC-LCIA.”
Clyde & Co’s arbitration practice is one of the largest in the Middle East and boasts over 100 current arbitration cases, 13 arbitration partners, and over 35 arbitration practitioners in the region. Its arbitration practice cuts across several sectors including corporate and commercial, investment treaty, construction, real estate & hospitality, marine, insurance, and oil & gas.
Al Tamimi & Company is widely recognised as the pre-eminent law firm in the Middle East. In addition to its accomplished first-class Litigation department, the firm also has a specialist Arbitration team, consisting of international lawyers with considerable experience of arbitrating public and private law disputes in a variety of regions and industries, both as counsel and as arbitrators.
Notes to Editors:
Clyde & Co
Clyde & Co is a leading, sector-focused global law firm with 390 partners, 2000 legal professionals and 3600 staff in 50 offices and associated offices on six continents. Its core global sectors position it at the heart of global trade and commerce: insurance, trade & commodities, energy, transport and infrastructure. With a strong emerging markets focus, the firm has achieved compound average annual revenue growth of 12% over the last five years, making it one of the fastest growing law firms in the world with ambitious plans for further growth. Clyde & Co was named Transatlantic Law Firm of the Year 2017 by The American Lawyer/Legal Week.
Al Tamimi & Company
Al Tamimi & Company is the largest law firm in the Middle East with 17 offices across nine countries. The firm has unrivalled experience, having operated in the region for over 25 years. Our lawyers combine international experience and qualifications with expert regional knowledge and understanding.
We are a full-service firm, specialising in advising and supporting major international corporations, banks and financial institutions, government organisations and local, regional and international companies. Our main areas of expertise include arbitration & litigation, banking & finance, corporate & commercial, intellectual property, real estate, construction & infrastructure, and technology, media & telecommunications. Our lawyers provide quality legal advice and support to clients across all of our practice areas.
Our business and regional footprint continues to grow, and we seek to expand further in line with our commitment to meet the needs of clients doing business across the Middle East.
For more information, please visit www.tamimi.com.
Follow us on Twitter @altamimicompany and LinkedIn.