This week we explain cryptocurrency, explaining what it is, how it functions, how it serves as an investment, and the legal and financial risks associated with it (including fraud, volatility and money laundering).
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Over the past years, we have helped a number of clients with alternate dispute resolution, with the help of practitioners in Canada, the US, Europe, and the MENA region (UAE and Bahrain). Therefore, this article consolidates some key takeaways and lessons we have learned in this process.
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The economies in the Arabian Gulf continue to get back on track after the major setback the pandemic has brought upon the world. The resilience shown by the Government of the GCC countries and the spirit of the people make it an attractive investment hub . This week, we highlight some of the recent amendments to the laws of various GCC countries, which allow foreigners to own businesses with fewer restrictions.
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Recent years have seen sweeping reforms in labor protection laws, as Gulf States make efforts to attract and retain foreign talent. In the UAE, many professionals and celebrities are being offered “10 year golden visas”. In addition, the UAE and Bahrain allow service based professionals (as well as other businesses) to set up companies with 100% ownership. One reform which will assist workers across the board, and which may improve workplace equity, is the wage protection system.
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We all know that the aviation industry has always played a crucial role in our transportation, but 2020 was a difficult year for the aviation industry with unbelievable losses. However, when many airlines had their fleets parked, some airline companies still managed to close their books with profits or break even.
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For individuals wishing to work and settle in Canada, there is often confusion surrounding how and when a person is allowed to come to Canada to work in a job, either through a third party employer, or their own business. In this article we will discuss the Labor Market Impact Assessment process briefly, as well as some types of visas which are exempt from this process.
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The COVID-19 pandemic has disrupted business operations in all industries globally. The first of all industries affected was the airline industry resulting in a full-scale global transportation crisis. Despite positive signs and prospects for recovery, COVID-19 remains an existential crisis for airports, airlines and their commercial partners.
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Finding the most suitable source of capital for your company may be challenging without adequate knowledge. When starting a business you must consider several funding methods to ensure you have a stable cash flow when revenues are not consistent or constant during the early days of your venture. According to studies, about 50% of new businesses fail within the first five years of being established, and in most cases financial instability is the main reason for shutting down. This week, we will give you three startup business funding ideas to help you grow your company. We will also discuss pros and cons associated with each of these approaches.
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This week we provide you with a comprehensive guide to European visas and travel, in preparation for any summer trips you may be planning. The current situation in the EU and Europe is fluid and subject to change, depending on the severity of the pandemic. However, there are signs that tourism and travel to Europe will become easier in the near future.
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At a time when violent acts of racism are making headlines in Canada and around the world the nomination is historic. Justice Jamal will be the first person of colour to sit on Canada’s Supreme Court.
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As per the officials, fully vaccinated Canadian citizens and permanent residents who test negative for the coronavirus will be exempted from two weeks of quarantine when returning to the country. In addition, the government is eliminating the need for fully vaccinated Canadians and permanent residents who are air travelers to spend three days quarantining in an authorized hotel upon arriving in the country. It is likely that these exemptions could also apply for temporary residents and students who travel to Canada for essential purposes as well.
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As per a report by The New York Times, a blueprint, titled “DHS Plan to Restore Trust in Our Legal Immigration System” has been proposed by the administration. It is currently only in its drafting stages and will go through several versions before finalization. However, it is important to note that the drafting process is under the full control of the executive, and therefore does not require congressional approval from the House or Senate. Therefore, the President will have full power to influence a number of important administrative changes to the US immigration system.
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Oftentimes it is the courts who serve as the last resort for those who feel they have been treated unfairly by the government or private actors. It is often the efficiency and effectiveness of a court applying equity principles which prevents mass revolts, civil strife and economic malaise. The courts are the last gatekeepers of justice and equity, and though legislators and rule makers should be applying these principles in their decision making as well, the courts exist to weed out any failures of government in this regard.
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Even in the hard times of the pandemic, fraudsters are finding ways to hunt. In early 2020, when the coronavirus started to spread rapidly, a large increase in government expenditure became necessary at all levels of the global economy. In addition, digital transactions became normalized in all facets of daily life. This created an opportunity for scammers to pose as government entities in order to falsely offer funds to suspecting victims, or demand immediate payments of fines or taxes.
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Last week, the European Parliament voted to finally ratify the Trade Co-Operation Agreement between the UK and the European Union. This move will ensure that quota and tariff free trade in goods will remain in force across the region. However, the Trade and Co-operation Agreement (TCA) has been operating provisionally since January, and is not without significant stumbling blocks.
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The concept of digital money has been in existence for over a decade now, yet it has only become popularized since 2017. In April 2021, the cryptocurrency market topped $2 trillion in its valuation for the first time, and Bitcoin is currently valued at 1.15 Trillion dollars in total.
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Canada is inviting large numbers of permanent residents, but most of them are within their borders already.
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The United States of America is at the risk of losing it's status as the world largest economy to China in the next 10 years, according to a study conducted by an immigration advocacy group founded by tech industry leaders, in conjunction with George Mason University. The report projects that the American economy will be three-quarters the size of China’s by 2050 under the current U.S. population trends and immigration levels.
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We share some recent Immigration case studies and success stories from during the pandemic. Client identities are kept anonymous/confidential.
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With the advent of technology, day-to-day use of instant messaging services is part of the life of almost everybody. For this reason, legal practitioners are compelled to adapt and change the manner in which legal documents are drafted so that they have the same legal effect as traditional contracts
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