The first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.Read the full edition
Following the establishment of the Court of Investment and Trade effective May 10th 2022, Qatar’s Cabinet issued decision no. 6 / 2022 specifying the fees for lawsuits, requests and guarantees at the Investment and Trade Court. The decision was published in Official Gazette no. 7 of 2022 dated July 3rd 2022, and became effective on July 4th 2022.
The Investment and Trade Court was established as part of the Qatar vision 2030 to accelerate the pace of trade disputes in a manner that creates an attractive economic environment, in line with Qatar plans to increase investments. The court is intended to provide a fast track dispute resolution with quality and efficiency.
Commercial matters in general as specified by Article 7 of Law No. 21 of 2021 Establishing the Investment and Trade Court.
Those commercial matters include disputes related to commercial contracts, disputes arising between merchants and related to their commercial activities, disputes arising between partners or shareholders in commercial companies, disputes related to commercial assets, disputes related to the transactions of banks, commercial papers, and insurance companies, disputes related to bankruptcy, and disputes related to Intellectual Property, competition, and e-commerce.
Below are examples of disputes falling under the jurisdiction of the Investment and Trade Court, provided by the Supreme Judiciary Council:
We would be delighted to provide more information about this development, or support your entity in adapting to the new regulatory framework. Please let us know if we can assist by contacting Roy Georgiades or by contacting one of the authors of this alert.