Al-Mirsal

Tag Archives: Middle East

DIFC Issues New Direct Marketing and Electronic Communications Guidelines

The DIFC guidelines provide practical guidance for DIFC-registered entities engaging in electronic direct marketing, including useful “dos” and “don’ts”. By Brian A. Meenagh, Fiona M. Maclean, and Laura Holden What Do DIFC-Registered Entities Need to Know? In January 2019, the Commissioner for Data Protection for the Dubai International Financial Centre (DIFC) issued new Direct Marketing … Continue Reading

Top 4 Innovations Driving Growth in the Global Sukuk Market

The Sukuk Opportunity Total Sukuk issuances for 2013 stood at approximately US$120 billion and the Sukuk market is likely to sustain double-digit growth in the coming two to three years with assets in Islamic finance expected to reach US$2.8 trillion by 2015. The growth of the Sukuk market has allowed investors to diversify their portfolio … Continue Reading

The DIFC Special Purpose Company: An Increasingly Popular Vehicle for Structured Finance Transactions

Over the last 12 months, structured finance transactions in the Middle East (both Islamic and conventional) have seen increased use of a comparatively new and previously underutilized type of special purpose vehicle (SPV) – the DIFC special purpose company (SPC). An SPC is a private company limited by shares incorporated under the laws of the … Continue Reading

Eurozone crisis – Permitted in the Middle East?

In February, Greece launched its sovereign debt swap, pursuant to which holders of EUR 206 billion of its bonds were invited to swap their existing holdings for a package of instruments with a nominal value of just 46.5 per cent. of the par value of their current bonds. This invitation for voluntary participation in the … Continue Reading
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