Where Does the Cybersecurity Executive Order Hit and Miss the Mark?
Aquila: M&A Looking Up in 2013; "The Negatives Are Built In"
President Obama has issued a new Executive Order that goes into effect July 1, 2013. The Executive Order targets new areas of the Iranian economy for sanctions, including exchange transactions involving Iranian Rials and...more
The Saudi Arabian General Investment Authority (“SAGIA”) has recently issued new rules for companies contemplating investment in the Saudi Arabian market to conduct contracting and construction activities. The new rules will...more
I. Introduction - The EU has renewed its sanctions against Syria until 1 June 2014, with the exception of the arms embargo. For Belarus, the Council has decided to delist three parties from the asset freeze...more
General Legislative - The Senate will convene today, Monday, June 3, at 2:00 pm and begin a period of morning business. Thereafter, the Senate will resume consideration of S. 954, the Farm Bill, provided that alfalfa...more
What has happened? Arbitration in the UAE has experienced tremendous growth in recent years, with both domestic and international users increasingly drawn to many of its advantages over conventional court litigation....more
The United Arab Emirates (UAE) is a federation of seven Emirates established by a constitution that was promulgated in 1971. Abu Dhabi is the largest of the seven Emirates by geographic size and holds most of the hydrocarbon...more
The US government has again expanded the scope of its Iranian extraterritorial sanctions program with the enactment of the Iran Freedom and Counter-Proliferation Act of 2012 (the “IFCPA”). Among other things, the IFCPA...more
A number of projects and initiatives may mark the beginning of a new renewable energy industry in Saudi Arabia. The Middle East and North Africa region has an extraordinary potential for the development of renewable...more
We know that Egypt has attempted to utilize its access to INTERPOL's databases for political reasons against people who posed ideological threats to the current government, and more recently, to a political opponent of its...more
The U.S. Embassy in Tel Aviv advises visa applicants with scientific and technology backgrounds to apply early and well before anticipated travel to the United States. The issue is that many applicants are subject to...more
On April 15, FinCEN issued Advisory FIN-2013-A002, which advises financial institutions to review regulations that require U.S. financial institutions to perform money laundering or other suspicious activity due diligence or...more
In last month’s newsletter, we discussed how developments in 2012 had considerably tightened sanctions against Iran, including through the first-ever application of sanctions to separately incorporated subsidiaries of U.S....more
Key changes proposed in the new Rehabilitation and Bankruptcy Law affect involuntary petitions for bankruptcy, invalidations, trustees' avoidance powers, debtors' dissolution, and priority of claims....more
Those familiar with fundraising in the Middle East will be familiar with the concept of what is loosely dubbed “market” or “tolerated” practice. The terms are, in most people’s minds, interchangeable, but in fact look at the...more
In This Issue: - General Legislative - Agriculture and Food - Budget and Appropriations - Cybersecurity - Defense - Education - Energy - Environment - Financial Services -...more
Introduction - The UAE’s first antitrust/competition legislation recently came into effect on 23 February 2013. Federal Law No. (4) of 2012 (Law), primarily regulated by the Ministry of Economy, aim to prohibit and...more
Multinational companies in the automotive supply sector could face heightened enforcement risks under new sanctions on Iran. Effective March 8, 2013, U.S. parent companies will become liable for Iran-related sanctions...more
In This Issue: - Kingdom of Saudi Arabia – New Mortgage, Real Estate and Financing Laws - Locally Domiciled Funds in the GCC - Case Study: Jabal Omar, Makkah Al-Mukarramah, the Kingdom of Saudi Arabia - New...more
In prior posts, we have explained that the proliferation of public – private partnerships in recent years has been due, in part, to the financial stresses placed on local governments during that same period of time. The...more
Immediately following the failure of the Cybersecurity Act of 2012, we had Steptoe & Johnson’s Stewart Baker join us on LXBN TV. Baker, formerly General Counsel for the National Security Agency and the first Assistant...more
15 Feb. (Bloomberg Law) -- Frank Aquila, partner at Sullivan & Cromwell, talks with Bloomberg Law's Lee Pacchia about the prospects for mergers and acquisitions activity in 2013. Aquila notes that while 2012 was something of...more
In This Issue: - DOMESTIC POLICY MATTERS - Debt Ceiling, Budget & the Economy. During a press conference on the debt ceiling at the White House on Monday, President Obama warned Republicans in Congress that...more
After a number of ebullient years of activity until late 2007, the Middle Eastern private equity industry is facing new challenges as fund-raising is getting tougher and investors across the board have become more demanding....more
In This Issue: - DOMESTIC POLICY MATTERS - The Fiscal Cliff Debate. High-level negotiations surrounding the so-called "fiscal cliff" continued this week. On Wednesday, Congressional Republicans and President...more
In This Issue: - DOMESTIC POLICY MATTERS - Budget, Sequestration & the Economy. Congressional staff members are working this week to prepare the legislative framework for an agreement to avert the “fiscal...more
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