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Dentons' GLOW named one of the top 10 LGBT+ network groups in the UK at the British LGBT Awards 2018
Dentons' UK LGBT+ network, GLOW, was named one of the country's top 10 LGBT+ Network Groups at the British LGBT Awards 2018.
Costs recovery in the SICC: A different regime
The recovery of legal costs and disbursements (costs) by one party against another, after the substantive merits of a case is determined by the court, is a common feature of common law systems.
The 25 Year Environment Plan – A focus on waste
Earlier this year, the government published "A Green Future: Our 25 Year Plan to Improve the Environment".
New Justice Department policy necessitates a strategic global approach to internal investigations
In May 2018, the US Department of Justice (DOJ) took another step towards encouraging enforcement authorities to structure their corporate investigations in a more global and comprehensive fashion from day one.
Solving Conflicts of Interest of Nonattorney Staff
The hiring of nonattorney staff such as a paralegal can implicate some similar ethics issues as hiring a lateral attorney.
Starting your career as a student at Dentons exposes you to a world of experience and opportunities
With 125+ locations in 50+ countries, Dentons is home to top-tier talent that is found at the intersection of geography, industry knowledge and substantive legal experience. Working with Dentons, you will have the opportunity to learn from the best lawyers in the industry at the largest law firm in the world.
14 Dentons Rodyk lawyers recognised in Asialaw Leading Lawyers 2018
14 Dentons Rodyk lawyers have been recognised in Asialaw Leading Lawyers 2018, which features the prominent practitioners in 18 practice areas in 24 jurisdictions in the Asia-Pacific region.
Leading project finance partner and Africa specialist re-joins Dentons in London
Dentons has further strengthened its UK Banking and Finance practice with the hire of leading project finance partner and Africa specialist Howard Barrie in London.
Dentons teams up with NatWest and Mazars for LGBT+ and faith discussion in London
In May 2018, Dentons' UK-based LGBT+ and allies network, GLOW, hosted a multi-faith panel discussion in London on the challenges faced by LGBT+ people of faith, in partnership with the NatWest Rainbow Network and Mazars.
The Regulations for Companies, enacted by Royal Decree no. M/6 dated 22/3/1385H. corresponding to 22/7/1965G., is the main source of codified legislation governing the establishment, operation and liquidation of corporate vehicles under Saudi Arabian law.
Earlier this year, the Council of Ministers and the Shoura Council approved the adoption of a new Companies Law that would completely replace the existing Regulations for Companies.
This month, the Saudi Arabian authorities announced that the new Companies Law would soon be adopted pursuant to a Royal Decree to be issued by the Custodian of the Two Holy Mosques, King Salman.
The Ministry of Commerce and Industry promptly published a draft of the new Companies Law on its website. The draft of the new Companies Law states that its provisions will come into effect 150 days after its publication in the Official Gazette. At the time of writing, a Royal Decree approving the new Companies Law has not been issued and, thus, the new law has not been published in the Official Gazette yet either.
The draft of the new Companies Law provides for the following key changes from the existing Regulations for Companies:
As we have described in previous Updates, under Saudi Arabia’s Wage Protection System (WPS) implemented by the Ministry of Labor (MoL), private sector businesses in Saudi Arabia are required to electronically submit employee wage information to a database maintained by the MoL and, further, to deposit and pay employee salaries solely through in - Kingdom banks.
The WPS has been implemented in phases, beginning with the largest firms with 3,000 employees or more. On 1 November, the WPS entered its ninth stage to cover all businesses with 100 employees or more.
The MoL announced this month that the WPS will enter a tenth stage on 1 February 2016 to cover all businesses with 11 employees or more.
The MoL warned that companies that do not pay salaries to their employees according to the requirements of the WPS will be fined SAR 3,000 per each unpaid employee, in addition to termination of services. Further, expatriate employees of non-compliant employers will be able to transfer their sponsorship to another company without their existing sponsor’s approval.
Saudi Gazette – 25 October 2015
The General Organization of Social Insurance (GOSI) announced a fine of SAR 10,000 for any employer who causes a former employee to lose access to his / her entitlements by stating incorrect reasons for the employee’s dismissal. This announcement was made to ensure that employees can access their insurance and payment for damages once they leave their job.
Arab News – 25 October 2015
In order to improve the judicial system in Saudi Arabia, the Board of Grievances (BoG) has announced that it has formed a task committee to help reduce the duration of litigation in the local courts. The responsibilities of the task committee include preparing a strategic plan for an office management system as well as inspecting the council of the judiciary, the local courts, the Administrative Court of Justice and advising on areas for improvement.
Arab News – 4 November 2015
Earlier this month, a recommendation for the National Anti-Corruption Commission (Nazaha) to monitor the bank accounts of people suspected of corruption was put to vote by the Shoura Council. However, the recommendation was rejected by the Shoura Council for several reasons, including that the proposed surveillance would require several amendments to Saudi Arabia’s existing banking regime.
Arab News – 5 November 2015
No material developments this month.
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