The World Bank has revised its global growth projections for 2023, indicating a more positive outlook for the world economy due to the resilience of major economies such as the United States and China. However, the institution also warned of potential challenges in the coming years, with higher interest rates and tighter credit conditions expected …

World Bank Raises 2023 Global Growth Forecasts but Lowers Outlook for Next Year Read More »

Emirates, the Dubai-based airline, is exploring the possibility of acquiring additional aircraft to cater to anticipated demand in the coming decades. According to Emirates President Tim Clark, the airline is considering the procurement of more Airbus A350s, Boeing 777Xs, or 787 jets as part of its long-term fleet expansion plans. During a global airlines meeting, …

Emirates Considers Placing New Order for Long-Haul Jets to Meet Future Demand Read More »

The United Arab Emirates (UAE) Ministry of Finance (MoF) recently unveiled a significant development in its tax policies, with the issuance of a cabinet decision aimed at implementing corporate tax on non-resident entities deriving income from immovable property within the country. This decision marks a notable shift in the UAE’s taxation landscape, requiring foreign companies …

UAE Implements Corporate Tax on Non-Residents’ Income from Property Investments Read More »

In a recent ruling, the Kerala High Court has established that individuals granted interim bail cannot rely on such orders to argue that their main bail application has become obsolete. The court held that if the main application is dismissed due to non-pursuance, the interim order providing bail would be automatically revoked, thereby rendering the …

Anticipatory Bail Application Not Pursued Renders Interim Bail Null and Void, Kerala High Court Rules Read More »

In a recent event organized by the Madras Bar Association, Justice MM Sundresh, a judge of the Supreme Court, praised the commendable work of Justice TS Sivagnanam, the Chief Justice of Calcutta High Court. Justice Sundresh shared an anecdote where he expressed his admiration for Justice Sivagnanam to lawyers in the Supreme Court, highlighting the …

Justice Sundresh Calls for Justice Sivagnanam’s Transfer to Supreme Court, Applauds His Work in Calcutta High Court Read More »

In a recent ruling, the Delhi High Court has directed the transfer of a 14-year-old girl to a children’s home to ensure the safe delivery of her child, as she vehemently opposed undergoing a medical termination of pregnancy. The court’s decision comes after careful consideration of the girl’s wishes and the legal framework surrounding the …

Delhi High Court Orders Transfer of 14-Year-Old Girl to Children’s Home for Safe Delivery Against Her Refusal of Medical Termination of Pregnancy Read More »

In a recent ruling against Meta in the European Union, the need for comprehensive data privacy regulation has become increasingly urgent. The ruling, issued by the Irish Data Protection Commission (DPC), suspended Meta’s cross-border transfer of personal data from its EU users to its U.S.-based servers. This decision not only carries a record $1.3 billion …

Urgency Mounts for Comprehensive Data Privacy Law as EU Ruling Against Meta Sparks Concern Read More »

In today’s dynamic workforce, comprising five distinct generations, legal organizations face the task of fostering a culture of collaboration that harnesses the potential of generational differences while challenging common biases. To achieve this, leaders must employ objective research, steer clear of stereotypes, and reimagine mentorship and training programs. Understanding and leveraging generational characteristics requires a …

Nurturing Collaboration and Growth: Strategies for Cultivating Success in Multigenerational Legal Teams Read More »

Saudi Arabia experienced a slowdown in non-oil business activity during the month of May, as growth in new orders and output eased, according to a recent business survey. However, the rate of job creation reached its highest level since the beginning of 2018, offering a glimmer of optimism amidst the overall deceleration. The headline Purchasing …

Non-Oil Business Growth in Saudi Arabia Slows Amid Moderation in New Orders and Output Read More »

In today’s challenging economic climate, financially distressed companies are increasingly exploring out-of-court restructuring options as a viable alternative to bankruptcy proceedings. These restructuring processes allow companies to recapitalize and reorganize their capital structure without going through the complexities and lengthy timelines associated with bankruptcy. With careful consideration and strategic decision-making, companies can determine the best …

Financially Distressed Companies Turn to Out-of-Court Restructurings to Avoid Bankruptcy Read More »