COVID-19: Impacts and Solutions
After two major financial crises in 1929 and 2008, the world is currently facing another economic crash due to the COVID-19 outbreak.
“Tax Receipt Lottery”, an Enhancer to the Lebanese Economy?
The tax receipt lottery could be the perfect way for a state to combat value-added tax evasion with the help of its citizens, the major players.
UAE Ministerial Decisions on the Relationship between Employers and Expat Employees amid COVID-19 Pandemic
This alert offers our clients and readers a direct insight on the UAE Ministry of Human Resources and Emiratization’s initiative to organize the relationship between employers and expat employees in the private sector during the COVID-19 pandemic.
The Legal Impact of COVID-19 on the Business Market
In the world of business, the impact of the COVID-19 pandemic has a direct effect on endurance, whether by interrupting supply chains, causing cross-border complications or affecting the ability of companies to keep operations afloat.
The Private Investment Companies, A New Investment Vehicle in Lebanon
On May 14th 2020, the Lebanese Legislator enacted Law No. 163 introducing a highly sophisticated type of commercial entity, the P.I.C. P.I.C stands for Private Investment Company (P.I.C.), it is a new investment vehicle in Lebanon, implemented to promote the establishment of new businesses in the country, by locals or international actors.
The Lebanese “E-Transactions’ Law”, The Problem or the Solution?
In a world where electronic means and technology prevail, the new “E-Transactions’ Law” of October 10th 2018 in Lebanon is a step forward especially in terms of encouraging all kinds of secure transactions.
Who Influences the Influencers
The increasing importance of social media highlights the necessity to provide a legal framework on how it can be used, governed and controlled. This article offers a brief explanation about the relationship between a social media influencer and an advertiser in a comparative approach between Canada, the United Kingdom and Lebanon with focus on the latter.
The Data Protection Series: #2 Codes of conduct and Cloud Services
The lack of data protection legal framework in Lebanon does not prevent businesses from needing to comply with data protection principles.
The fiscal system of the United Arab Emirates
Following the issuance of the UAE VAT law at the end of August, and the simultaneous launch of the UAE Federal Tax Authority (FTA) website, businesses and individuals can now start to make changes to their core operations, financial management and book-keeping, technology, as well as human resources and consultants when necessary.
Lebanon and its first AEOI
In September 2018 the Automatic Exchange of Information (AEOI) has begun between Lebanon and other current reportable jurisdiction, among which Italy, France, and Belgium. All Lebanese financial institutions have been collected information since 2017 about their clients’ accounts according to the OECD standards. The Lebanese laws have been adapted to the international rules. The question […]