News & Analysis as of

Gulf Cooperation Council (GCC)

The Gulf Crisis—Could it Bring State-to-State Arbitration to the Region?

by Bennett Jones LLP on

In June 2017, Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut diplomatic, trade and travel ties with Qatar and imposed a blockade on the Gulf state, accusing it of supporting terrorism and developing a...more

FIDIC 2017: first impressions - a GCC perspective

by DLA Piper on

In December 2017, over 17 years after the publication of its 1999 first editions, FIDIC published the second editions of its "Rainbow Suite" of contracts (the Red, Yellow and Silver books). The FIDIC forms of contract are...more

Preparing for the new VAT regime in Oman

by Dentons on

The Gulf Cooperation Council (GCC), comprising Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates, has agreed to formalise a VAT system in its states according to certain principles; however, the VAT...more

VAT and Contractors: A Sticking Tax?

by Dentons on

With VAT coming into the GCC region, those required to register must be mindful of two things: the onus to account for it will generally fall on the supplier (as it is the supplier who is generally required to account, though...more

VAT Attack Should I be concerned

by Dentons on

The six member states that comprise the GCC have become the latest to join a host of countries that have introduced VAT since it was first established in France just over 60 years ago. The UAE will see it formally becoming a...more

Oman Implemented The GCC (Gulf Cooperation Council) Unified Trademark Law On July 31, 2017

by Ladas & Parry LLP on

The country of Oman adopted the GCC (Gulf Cooperation Council) Trademark Law on July 31, 2017, as published in the Official Gazette on July 30, 2017. Official fees are expected to greatly increase once the Implementing...more

Vision2030 PPP Update and Publications: Successful Delivery of PPP Projects in Saudi Arabia & the GCC; GCC PPP Legal Report 2017

by King & Spalding on

King & Spalding has prepared two publications to assist clients who are interested in participating in PPP projects in Saudi Arabia and other GCC states with Vision2030 plans. The publications are: “Delivering...more

The new NEC4 suite – is the GCC ready?

by Dentons on

During the construction boom in 2007, leading UAE developer Aldar Properties took the pioneering step of adopting the third generation of the New Engineering Contract, the NEC3, to procure the development of the vast...more

Dubai: Memoranda of Understanding to Foster Institutional Real Estate Investment

by Morgan Lewis on

Memoranda of understanding recently entered into by the Dubai Land Department with the Dubai International Finance Centre Authority and Nasdaq Dubai, respectively, aim to facilitate institutional real estate investment in...more

Recent laws affecting GCC companies doing business in Qatar

by Dentons on

H.H the Emir Sheikh Tamim bin Hamad Al-Thani issued Law No.6 of 2017 amending some provisions of Law No.7 of 1987 on Regulating the Conduct of Business Activities by GCC nationals in the State of Qatar (GCC Business...more

Trends That Will Shape Transactions in the GCC

by Hogan Lovells on

Will 2017 be a boom or bust year in the Gulf region? Shah: There have been important developments in the GCC region. We are witnessing significant structural reforms in Saudi Arabia as they follow their Vision for 2030....more

Franchising of Restaurants in the Gulf Cooperation Council

by King & Spalding on

A number of food and beverage groups (particularly restaurant groups) access the Gulf Cooperation Council (GCC) markets through franchising arrangements. With a young and fast-growing population (many of whom spent time...more

Qatar’s New Personal Data Privacy Law

At the end of last year, Qatar became the first Gulf state to enact a comprehensive privacy law. Until now, the many companies that market to consumers or have employees based in Gulf Cooperation Council (GCC) countries have...more

GCC Trademark Law in Saudi Arabia: three months on

by DLA Piper on

The new GCC Trademark Law and its Implementing Regulations were formally adopted in Saudi Arabia with effect from 29 September 20161. Three months on from its adoption, we are only just beginning to see the practical...more

Investment Outlook 2017: Deal trends in the GCC

by Hogan Lovells on

When oil prices dropped two years ago, it took a while for the severity and durability of the new oil-price environment to sink in. The response came in 2016: governments focused on cutting expenditure, sending a cascade of...more

A new chapter for UK-Gulf trade and investment

by DLA Piper on

On 7 December 2016, British Prime Minister Theresa May addressed the 37th Gulf Cooperation Council Summit in Manama, Bahrain. She was the first British Prime Minister, the third Western leader and the first woman to be...more

Qatar Enacts New National Privacy Law, The First Of Its Kind In The Arabian Gulf

by King & Spalding on

On November 3, 2016, the State of Qatar announced the passage of a new national privacy law. The law, which requires companies and organizations to protect the personal information they gather from individuals, is the first...more

Will PPPs Provide the Catalyst for Waste to Energy Projects in the GCC?

by King & Spalding on

Recent activity in the waste management sector in many Gulf Cooperation Council (GCC) countries suggests that governments in the region are starting to look again at waste to energy (W2E) projects. Within the span of 18...more

Seven Tips for Food & Beverage Transactions in the Middle East

by King & Spalding on

Parties purchasing Middle East-based companies operating in the retail and wholesale food and beverage sector with a focus on companies in Saudi Arabia and the United Arab Emirates (“UAE”) are facing some common issues....more

Focus on Oman: Diplomacy and Dividends

The crucial role of Oman, a sultanate located at the southeastern tip of the Arabian Peninsula, is becoming apparent as the dust settles on the recent Iranian nuclear deal. Oman is adept at balancing relationships in a...more

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