After several years of dialogue, debate and deliberation, the amendments to the Malaysian Legal Profession Act 1976 have finally come into force, taking effect from June 3rd, 2014. The Legal Profession Act …
In our latest edition, we take a look at why attitudes towards corporate governance are shifting in the Middle East, and investigate the steps being taken to overcome barriers to its effective implementation. Meanwhile, leading firms discuss the flow of trade along the New Silk Road, why Dubai's approach to company set-ups is likely to pay off, and why a recent UK case is generating concern for parties to future Islamic finance transactions.
Off the back of an extraordinary year of growth, modest economic expectations in the year to come are the current trend. Asian-Counsel provides a regional overview in addition to special features on Islamic finance in Japan, recent developments in Malaysian securities law and regulations and Islamic banking and finance regulations in the United Arab Emirates.
Asia’s emerging economies continue to play bigger roles on our increasingly integrated world stage. Melinda Finch investigates the rising stars of India, Indonesia, Malaysia and Vietnam and considers the impact of their ascension on the legal industry.
Dennis Ryan and Fawaz Elmalki of Conyers Dill & Pearman’s Dubai office explain why challenges currently associated with sukuk should ultimately strengthen investor confidence in Islamic finance structures.
Mazen Boustany and Muhammad Syamsulfaiz Zainuddin of Habib Al Mulla & Co take a look at the impact of the credit crisis on the Islamic finance industry, and explain why the past eighteen months have highlighted a need for further innovation.
In a recent UK case, a Shari’ah-compliant finance house argued that an agreement it had entered into, and approved, was non-Shari’ah compliant. Whilst the court’s decision in that matter might be limited in scope, Denton Wilde Sapte lawyers say the very fact the defence was raised is likely to cause unease for parties to future Islamic finance transactions.