The Middle East Legal Framework

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...

In corporate management, as in other aspects of life, the simplest way to promote responsible behaviour is to ensure accountability. The new TCC, in its overhaul of the commercial landscape, will initiate serious changes towards facilitating good corporate governance. It will introduce a legal regime that will require clarity in the assignment...

Overcoming challenges is part of what contributes towards the satisfaction of commercial success, but problems and issues that emerge need not be as obstructive as they often appear, if the right solution can be found. Meeting this challenge, reducing the cost of business and improving the business environment for firms operating in the GCC led to...