The new UAE bankruptcy law – surprise announcement?

October 25, 2016

It was announced today that new UAE legislation on bankruptcy had been decreed into law, a first draft of which was only approved by the country’s federal cabinet last month. In a move which may take many of the legal and professional services community by surprise in the speed of its execution, the law will […]

What are Saham-e Edalat? A glimpse into the process of Iranian ‘cooperativisation’

October 4, 2016

The Justice Shares (saham-e edalat) scheme is one of the more mystifying examples of Iranian government bureaucracy. Designed in the early 2000s by the populist Ahmadinejad government, the scheme was designed to allow the transfer of shares in Iranian state-owned enterprises to low income families, while expediting privatisation, and giving a highly desirable injection of […]