Some companies operating in Bahrain are in the process of issuing securities to the public for different reasons. This process requires the presence of some underwriters. Underwriters of securities in all parts of the world play an important role in the development of the markets. I believe that it would
The UNCITRAL Model Law on “Electronic Commerce” was adopted by the United Nations Commission on International Trade Law (UNCITRAL) in 1996, in furtherance of its mandate to promote the harmonization and unification of international trade law, so as to remove unnecessary obstacles to international trade caused by inadequacies and divergences
Previous Electronic commerce is increasing and many people are looking for getting benefits of this new commercial activity. For many shoppers, they prefer to have a worldwide shop wherein they can find whatever they are looking for, without moving from their homes. This is the trend nowadays, as the new
Family companies exist in Bahrain and other Gulf Countries since long time and they took tremendous efforts to boost and develop trade and other related corporate issues. Those companies mostly started from zero balance, when established by older generations, but the founders were great, of exceptional determination and dedication that
Some features of institutional arbitration Seeking justice is a primary goal to all. To achieve justice, there is a need for appropriate judicial channels. Arbitration, among other things, gives a suitable alternative to settle many disputes. This course could be institutional or ad hoc arbitration, as determined by the concerned
(Good governance and best practices) Always there is a special trustful fiduciary relationship between the Board and the CEO. This is very essential and highly needed for work purposes and smooth performance of the duties of all. However, acute problems are possible and divorce situations may arise for different reasons.
Since some time, there are some discussions in Gulf Countries (GCC) about some possible alternatives to increase the national revenues through new sources other than oil & gas, the long sole source of revenue all over GCC. In this connection, it seems that there is an agreement now to impose
Last article, we gave a general info to explain what is “UCP 600”, herein, we proceed to highlight the following points. The Uniform Customs and Practice for Documentary Credits, UCP 600, are rules that apply to any documentary credit (including to the extent to which they may be applicable, any
The UCP 600 is the latest revision of the ICC “Uniform Customs and Practice” that regulates and govern the operation of letters of credit, in all its different types, issued by commercial licensed banks to finance international trade different transactions upon request from their clients (including other banks \ correspondent