Cross-border transactional work is a tough cookie, and even after three decades of ‘watching that space’, I am still not sure if I can see any real clarity! Take for example, a loan arrangement negotiated in Indonesia. Let’s assume that the lender is a ‘global bank’, for example an entity incorporated in Japan, but with global reach. The lender may kick-off negotiations using a loan … Continue reading So what’s all the fuss with cross-border transactions?
It appears that the construction industry, at least in the UK, is looking at effective ways to make construction projects, and the contractual relationships between the key players in any such project, more collaborative, and less confrontational. An initiative called Project 13, has recently been launched by the UK’s Institution of Civil Engineers (ICE), which the ICE has characterised as “an industry-led response to infrastructure … Continue reading A new way to design and implement an infrastructure project
The Covid-19 pandemic has lead different jurisdictions to take different steps, and the Kingdom of Saudi Arabia is no exception to that general outcome! The Supreme Court’s decision number M/45/M sets out some interesting, and in some areas atypical, principles, granting the courts of Saudi Arabia the power to amend the terms of a contract in the interests of justice and fairness, and acknowledging that … Continue reading Saudi Arabian legislation in the context of the Covid-19 pandemic
This post will focus mainly on joint ventures and joint operations in the upstream hydrocarbons industry, but many of the issues and solutions discussed here are equally applicable to joint ventures in other industry sectors So, to begin! The question of default – how to avoid it, or to deal with it, if it cannot be avoided – involves an area of serious risk for … Continue reading DEFAULT, AND HOW THIS CAN BE DEALT WITH IN A JOINT VENTURE
Although the words “joint venture” (incorporated or otherwise), and “consortium”, are sometimes used synonymously, in particular in infrastructure projects, and hydrocarbons exploration, they are not the same thing. Broadly speaking, both the joint venture and the consortium concern the pooling of resources by hitherto un-associated parties, in order to carry out some piece of work, or tender for something. But there are several difference between … Continue reading Should I form a Joint Venture or a Consortium?
On 1st February this year, the Singapore Parliament took an important step towards shifting the country away from the unnecessary use of paper in carrying out commercial transactions. One such unnecessary use of paper has been in the use of physical bills of lading in maritime trade, as evidence of a contract of carriage and as a receipt for the relevant goods. The step taken … Continue reading Singapore … the hallmarks of a “smart nation”
The Singapore Ministry of Law has enabled small businesses in Singapore suffering financial hardship during the pandemic, to re-negotiate or terminate contracts in certain situations Continue reading Singapore supports small enterprises during the pandemic
In 2020, Qatari labour law was amended granting better rights to employees. In addition, a national minimum wage was introduced, taking effect in March 2021, and perhaps even more significantly, employees can now transfer from one employer to another in Qatar without the need to obtain his or her current employer’s consent. The revised Qatari labour law has amended the termination of employment requirements, such … Continue reading Changes to Qatari Labour Law
Vietnam has recently changed tack in its search for private investors for two key road projects, abandoning the PPP model originally mooted Continue reading Vietnam changes tack on major road projects
Investing in Oman and the different business vehicles through which to do so Continue reading Investing in Oman