The Middle East Legal Framework

The fundamental legal framework of the sultanate is laid out in the Basic Statute of the State (Royal Decree 101/1996, as amended), which is essentially Oman’s constitution. All primary legislation is issued by His Majesty the Sultan pursuant to royal decrees, which are published in the bimonthly Official...

In its Public Information Notice No. 12/7, the International Monetary Fund noted that Qatar’s GDP growth rate is projected to be approximately 6% in 2012, half of which is related to hydrocarbons sales. In line with its effort to lessen its reliance on the oil and gas sector, it is estimated that government investment in large-scale infrastructure...

Several new laws and regulations were introduced in 2011 and 2012 that will affect businesses operating in Qatar. A brief summary of these new laws and recent regulatory developments is set out here.

TYPES OF COMPANIES: The Companies Law of 1997 gives the investor several types of companies through which it can make its investment. The most popular are: limited liability companies (LLC), private shareholding companies (PSC) and public shareholding companies (PLC). A foreign investor may also have the...

The Turkish economy has emerged from the world’s most recent financial troubles relatively unscathed. That, coupled with its image as a star performer among emerging markets, has made the country a favourite destination for foreign capital. As a result of both this inflow of foreign capital and the accumulation and livening of domestic capital, the amount of large-scale...

In keeping with the country’s growing social needs and the breakneck pace of technological advances that the world has seen since the turn of the century, the need to amend and improve major codes in the law has become indispensable as of late. The government has been very active in trying to keep the legal environment current, and has introduced...