In 2015, Egypt issued its unified Electricity Law no. (87), paving the way for market liberalisation of its power generation and distribution services. A few months on from its introduction, what are some of the key takeaways?
The Electricity Law
Al-Mirsal
Insights and commentary on legal developments in the Middle East
Al-Mirsal, published by Latham & Watkins LLP, focuses on legal developments and regulatory trends primarily in the Middle East and North Africa (MENA) region. The blog covers topics such as data protection laws, artificial intelligence and digital infrastructure regulations, healthcare and life sciences sector growth, biotechnology strategies, and financial technology governance. It addresses cross-border data transfer issues, compliance with emerging data privacy frameworks, and the establishment of sovereign data centers. The blog also discusses regional initiatives to foster innovation in healthcare, biotech, and digital assets, reflecting the evolving legal landscape impacting businesses and governments in the MENA region.
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DIFC Says Transfer to US Cannot Rely on Safe Harbor
On October 26, 2015, Raja Al Mazrouei, the Commissioner for Data Protection for the Dubai International Financial Centre (the DIFC), issued guidance on the adequacy of US Safe Harbor for the purpose of exporting personal data from the…
Abu Dhabi Global Market Publishes New Commercial Regulations and begins Financial Regulation Consultation
On 15 June 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s financial free zone, published the following six new regulations concerning the regulation of non-financial services in the Global Market:
– Application of English Law Regulations;
– Companies…
The USA Freedom Act: What it Changes and (Mostly) Doesn’t for Cloud Services – And is it Really the Issue
The recent showdown over renewal of certain provisions of the USA Patriot Act (often called simply the Patriot Act) and the subsequent enactment of the USA Freedom Act have raised a number of questions about the ongoing impact of these…
Kuwait Power and Water Projects to Take-Off Following Publication of PPP Regulations
New PPP Regulations
Further to the publication of the new PPP law in August 2014, the corresponding executive regulations were published in the official gazette on 29 March 2015.
The new regulations provide developers with additional information and clarification…
UAE Corporate Law Reform
The UAE has recently passed a new commercial companies law and approved some key changes to its public takeover regime.
1. New UAE Commercial Companies Law
UAE Federal Law No. (2) of 2015 Concerning Commercial Companies (2015 CCL) was published…
Financing the Middle East’s Shopping Spree
The continuing strong economic conditions of the UAE and other GCC economies has led to an upsurge in consumer spending in recent years. With retail sales in the region expected to reach US$284.5 billion by 2018, the need to…
How Oil and Gas Companies can Optimize Technology Performance and Costs During Oil Price Volatility
An unexpected surge in production coupled with weakened global demand has resulted in a 50 percent drop in the price of crude oil since June 2014 and currently averaging US$50 a barrel. The Organization of the Petroleum Exporting Countries (…
What You Need to Know About Abu Dhabi Global Market’s New Draft Regulations
The Abu Dhabi Global Market, Abu Dhabi’s new financial free zone, located on Al Maryah Island, recently issued a first wave of draft regulations and related consultation papers.
The Global Market’s general approach in the draft regulations follows…
