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  On September 13, 2022, the European Parliament passed a resolution to propose a directive (the “Directive”) on the regulation of third-party litigation funding. Although not obvious at first sight, the Directive would also apply to arbitration procedures or other alternative dispute resolution mechanisms.[1] The European Parliament recognizes that, although third-party litigation funding is “virtually […]

  The International Centre for Settlement of Investment Disputes of the World Bank (ICSID) published its 2022 Annual Report on 14 October 2022. Highlights of the report include: 346 cases administered by ICSID, marking the largest number of cases ever administered at ICSID in a single fiscal year. A record 77 concluded cases, reflecting ICSID’s

  On 01 July 2022, the 2022 ICSID Rules and Regulations for resolving international investment disputes came into effect. This is the first amendment to the ICSID Arbitration Rules since 2006 aimed at modernizing the ICSID procedures. Here we cover seven key takeaways: Key steps in ICSID procedures will require mandated case management conferences with

  On 20 April 2020, the Lebanese Parliament passed a law permitting the cultivation, trade, research, and use of medical cannabis. As a result of multiple factors, including the socioeconomic health of the nation, progress on the legalization of the cultivation of cannabis has been stagnant in Lebanon. The law establishes an authority named the

  Arbitration is a dispute resolution mechanism that enjoys a multitude of benefits and advantages; one of the prime benefits being the confidentiality that befalls the proceedings and the subsequent arbitral awards. This is because parties do not see any upside to the publicity as disputes do not look good. And no one wants the

If the best way to get a company’s attention is to hit them in the pocketbook, then European regulators have the full attention of many companies including data giants like Google and Facebook. Here are some of the biggest GDPR fines to date: Google L.L.C (Sweden and France) Back in early 2019, the CNIL, the French data

In what could possibly be the first judgment amongst Arab jurisdictions, the Egyptian Administrative Court within the State Council ruled that COVID-19 qualifies as a force majeure event. To clarify the title of this article; ‘Arab court’ refers to the fact that this judgement was obtained from an Arab court given that there is much cross-jurisdictional reliance

Regulators globally continue enforcement of data protection and privacy laws including issuing fines against organizations that did not meet the requirements of applicable law. In this article, we summarise some of the recent cases of interest: Posti Group Oyj (Finland):  Direct Marketing According to the Deputy Data Protection Ombudsman, there were complaints alleging that data

The Double Tax Treaty (“DTT”) between the UAE and the KSA provides a significant tax incentive for businesses operating in the two contracting states. A positive impact on investment and trade between the two contracting States is expected in the aftermath of its entry into force. Both contracting countries are members of the BEPS inclusive framework

The days of the commercial space industry revolution have dawned upon us. With corporations like SpaceX and Virgin Galactic leading the charge, humanity’s grasp for the stars is getting tighter and tighter with each week that passes. But as the commercialization of space becomes a more conventional concept and nations begin to scheme for the