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The market for Shari'a compliant project finance in the Middle East has grown significantly over the past decade, with a number of landmark transactions being closed in the region. Whilst the last couple of years has seen some challenging times for raising...

The Basel Committee on Banking Supervision ("BCBS") published the finalised Liquidity Coverage Ratio ("LCR") on 7 January 2013. The finalised LCR is less onerous than the original formulation published in December 2010 and should therefore...

The Saudi Arabian Capital Market Authority ("CMA") has issued a warning to all institutions that are not Authorised Persons, or Exempt Persons (as defined in the Securities Business Regulations ("SBRs")), against undertaking securities business...

Mortgages, new courts, encouragement for securitisation, and new kinds of finance provider. What are the implications of a battery of new Saudi Arabian laws? After a long period of waiting, the much anticipated Saudi Arabian finance  law reforms (including...

The Saudi Capital Market Authority (“CMA”) recently published a set of revised Listing Rules. This briefing highlights the key changes from the previous regime.

The long-awaited Unified Center for Lien Registration is now operational for the registration of Saudi pledges. What is the impact for banks taking security in the Kingdom?

The UK government's new Bribery Act of 2010 is expected to come into force in April 2011 (the "Bribery Act"). The new law is extra-territorial in that it extends to some foreign companies and conduct outside the UK. GCC companies that carry on business,...

The UK government's new Bribery Act of 2010 is expected to come into force in April 2011 (the "Bribery Act"). The new law is extra-territorial in that it extends to some foreign companies and conduct outside the UK. GCC companies that carry on business,...

The U.S. Securities and Exchange Commission ("SEC") has issued information requests to at least ten banks and private equity firms to examine whether their dealings with sovereign wealth funds ("SWFs") implicate the U.S. Foreign Corrupt Practices...

The Banking Technology Department of the Saudi Arabian Monetary Agency ("SAMA") recently published a new set of rules governing the offering of electronic banking services in the Kingdom of Saudi Arabia ("KSA") (the "e-Banking Rules"). For...