Category: Legal Updates
DIFC Adequacy Decision for the California Consumer Privacy Act
The Commissioner of Data Protection (“Commissioner”) of the Dubai International Financial Centre (“DIFC”) recently issued an adequacy decision establishing equivalence and alignment between the amended version of the California Consumer Privacy Act of 2018 (“CCPA”)...
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Egypt Merger Control Regime: Wave of Change
Similar to the Gulf Cooperation Council (“GCC”) countries, the EU and USA, the Egyptian legislator implemented with the start of 2023, the new ex ante merger control regime that will be applied by the Egyptian...
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Kuwait National Cybersecurity Center Strengthens Data Privacy Efforts with Decision No. 35 of 2023
In its ongoing commitment to strengthening data privacy, the Kuwait National Cybersecurity Center (“Center“) remains at the forefront, as evidenced by the recent issuance of Decision No. 35 of 2023. This pivotal decision is crafted...
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Construction Law Practice Guide – Saudi Arabia
The construction industry in the Kingdom of Saudi Arabia is a major and thriving industry in the GCC valued at USD 133 billion in 2022, and is projected to grow quite substantially over the next...
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Common Pitfalls in Merger Control Filings
When companies enter into an economic concentration (e.g., mergers, acquisitions, joint ventures) pursuant to Kuwait Law No. 72 of 2020 (the “Competition Law”), and meet one of the relevant financial thresholds under Resolution 26 of...
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National Cybersecurity Center unveiled Decision No. 7 of 2023
In efforts to empower data privacy, the National Cybersecurity Center unveiled Decision No. 7 of 2023. This decision marks a significant stride towards fortifying data privacy, introducing a comprehensive framework for categorizing electronic data based...
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New Horizon for Intellectual Property: Establishing the Egyptian Authority for Intellectual Property
In a significant move to promote and protect intellectual property rights, Law No. 163 of 2023 is enacted, establishing the Egyptian Authority for Intellectual Property (“EAIP”). A primary obligation of the EAIP involves the formulation...
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The Journey from Nascent to Solid stage, UAE SCA Issues a Decision No.22 of 2023 Regulating Securitization
The Securities and Commodities Authority (“SCA”) in the UAE has recently issued Resolution No.22 of 2023, enacted by the Chairman of the Board of Directors (the “Resolution”). The Resolution’s main aim is to regulate and...
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The Key Takeaways of Decision 139 of 2023 issued by FRA and the Potential Overlap with Data Protection Law
This article represents the end of the series of decisions issued by the Financial Regulatory Authority (“FRA”), being Decision No. 139 of 2023 (“Decision 139”). While Decision 139 was the first decision issued by the...
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