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International: New ICSID Caseload Statistics Reveal Trends in Arbitral Appointments and Case Distribution

(Feb. 22, 2021) On January 28, 2021, the International Centre for the Settlement of Investment Disputes (ICSID) published its caseload statistics for the first six months of 2020 (FY2020). Some had predicted that disruptions due to the COVID-19 pandemic would have a significant impact on the number and type of investment disputes brought to ICSID […]

Oman: New Basic Law Issued Creating a Mechanism for Appointing a Crown Prince

(Feb. 4, 2021) On January 12, 2021, Haitham bin Tariq, the sultan of Oman, issued Royal Decree No. 6/2021 on the Basic Law of the State, which establishes a new mechanism for appointing a crown prince and abrogates Royal Decree No. 96/101 on the Basic Law of the State. Content of Royal Decree No. 6/2021 […]

Qatar: New Cabinet Resolution Regulating Real Estate Ownership by Foreign Nationals

(Jan. 5, 2021) On October 6, 2020, Qatar’s Ministry of Justice announced the establishment of the Office for Non-Qatari Real Estate Ownership. The main objective of this office is to provide foreign nationals who want to reside or invest in the state of Qatar with all the necessary requirements for the purchase and sale of […]

Germany: Rules for Foreign Investment Control Tightened

(Sept. 16, 2020) On July 17, 2020,  an amendment to the German Foreign Trade and Payments Act (Außenwirtschaftsgesetz, AWG) that lowers the standard for restricting foreign direct investment entered into force. The amendment requires that the investment be “likely to affect” public order or security rather than entail “actual and serious risk,” as the original […]

United Arab Emirates: New Decree-Law Abolishes Law on Boycott of Israel

(Sept. 9, 2020) On August 29, 2020, the president of the United Arab Emirates (UAE), Sheikh Khalifa bin Zayed Al Nahyan, issued Federal Decree-Law No. 4 of 2020, abolishing Federal Law No. 15 of 1972 on the Boycott of the State of Israel. The abolishment of Law No. 15 of 1972 comes after the UAE […]

Brazil: Provisional Measure Creates Financial Intelligence Unit

(Sept. 5, 2019) On August 19, 2019, Brazilian president Jair Bolsonaro enacted Provisional Measure No. 893 (Medida Provisória No. 893, de 19 de Agosto de 2019), which transforms the Financial Activities Control Board (Conselho de Controle de Atividades Financeiras, COAF) into the Financial Intelligence Unit (Unidade de Inteligência Financeira). The Provisional Measure makes the Financial […]

Saudi Arabia: Parliament Approves New Type of Residency Permit to Promote Foreign Investments

(July 16, 2019) On May 15, 2019, Saudi Arabia’s Consultative Council approved a law establishing a new residency system to enable investors to reside in the country. Following parliamentary approval, the new law was referred on the same day to the Saudi cabinet—the Council of Ministers—which approved the law after reviewing the Consultative Council’s decision […]

Qatar: Draft Law to Enhance Real Estate Sector Approved

(June 12, 2019) On May 30, 2019, the cabinet of the State of Qatar approved a draft law on real estate development to strengthen the real estate market. (Cabinet Approves Draft Law on Regulating Real Estate Development, THE PENINSULA (May 30, 2019).) The draft law amends Law No. 6 of 2014, which regulates the granting […]

China: Foreign Investment Law Passed

(May 30, 2019) On March 15, 2019, China’s National People’s Congress (NPC) passed the Foreign Investment Law of the People’s Republic of China (PRC or China). Effective on January 1, 2020, the Law will replace the three primary laws regulating foreign-invested enterprises (FIEs) in China: the Law on Sino-Foreign Equity Joint Ventures, the Law on […]

Italy: Legislation in the Event of Brexit Takes Effect

(May 21, 2019) On March 23, 2019, new legislation addressing the potential effects of Brexit entered into force in Italy. (Decree-Law No. 22 of March 25, 2019, Urgent Measures to Ensure Safety, Financial Stability and the Integrity of Markets as well as the Protection of the Health and Freedom of Residence of Italian Citizens and […]