Legal Framework
From The Report: Bahrain 2016
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This chapter contains an outline of the legal framework within which local and international firms operate within Bahrain, including an overview of the kingdom’s relevant rules and regulations, a look at the recent labour law, and a rundown of the new guidelines for rental units.

This chapter contains a viewpoint from Hatim Q Zu’bi, Partner, Zu’bi & Partners, Attorneys & Legal Consultants. 

Articles from this Chapter

Overview

Rule of law: An overview of recent amendments to the Commercial Companies Law
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Legislative Decree No. 21 of 2001 promulgating the Commercial Companies Law (Commercial Companies Law) has been amended by the recently issued Legislative Decree No. 50 of 2014 amending the Commercial Companies Law (New Law), introducing reform to Bahrain’s corporate environment. New Rules Article 3 of the New Law provides that all references to 60 days in the Commercial Companies Law shall now be replaced by 15 days. Thus, all procedures can now be completed within a quarter of the time previously…

Analysis

Business boom: Rehabilitating the real estate development sector
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Over the past two decades, Bahrain has witnessed an emergence of a number of large-scale real estate development projects that have had a positive impact on the national economy and created countless job opportunities alongside attracting foreign investment to the kingdom. However, what was to be a carefully supervised and highly profitable market has in fact created an overflow of disputes in the Bahrain courts system, for the most part arising from the sale of properties on blueprints to investors…

Viewpoint

Net benefits: Hatim Q Zu’bi, Partner, Zu’bi & Partners, Attorneys & Legal Consultants, on the principles of close-out netting
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Financial institutions and other market participants use a number of mechanisms in their daily operations designed to reduce risk exposure, such as providing each other with security or collateral. In addition, participants may agree to include provision for close-out netting in the contracts they enter with each other. Close-out netting is a relatively new addition to legal terminology and was, until recently, not particularly well defined. Generally speaking, a close-out netting mechanism is either…