Legal Framework
From The Report: Bahrain 2013
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New regulations from the Central Bank of Bahrain that seek to target the marketing of unauthorised financial services have recently been introduced. This new regulation is intended not only to regulate all the financial services and products that are offered in Bahrain, but also to safeguard the interests of the foreign financial institutions who wish to offer or market financial products and services. A new labour law conforms more closely to international standards and is generally seen as expanding the rights of employees.

This chapter contains a viewpoint with Qays H Zu’bi, Senior Partner, Zu’bi & Partners.

Articles from this Chapter

Analysis

New oversight: Regulations covering the marketing of unauthorised financial services recently introduced
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The Central Bank of Bahrain and the Financial Institutions Law, 2006 (“CBB Law”), along with other rules and regulations issued by the Central Bank of Bahrain (CBB) from time to time govern and regulate the financial industry and the provision of financial services in Bahrain. As per Article 40 of the CBB Law, no person shall carry out regulated financial services unless appropriately licensed by the CBB. Undertaking regulated financial services in Bahrain can generally only be carried…

Analysis

Mixed views: A look at the new labour law
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The most-discussed topic in Bahraini law presently is the introduction of the New Bahrain Labour Law, the Labour Law for the Private Sector Law No.36 of 2012 ("New Labour Law"). This law became effective from September 2, 2012; it repeals and replaces the old Labour Law for the Private Sector (No. 23 of 1976, as amended). Regulations implementing this law are also expected to follow soon after, which will become effective within six months of the date of their issue. The New Labour Law is…

Analysis

Swift resolution: A new centre offers a confidential forum for mediation and arbitration
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Bahrain provides an excellent environment for alternative dispute resolution (ADR) due to its reliable, professional, and effective legal system. Since 2010, the Bahrain Chamber for Dispute Resolution (BCDR), in partnership with the American Arbitration Association (AAA), has built a robust centre for the provision of ADR services to cater for the needs of Bahrain and the region as a whole. The Chamber identified a unique opportunity in being the only centre in the region to offer an arbitration…

Viewpoint

Qays H Zu’bi, Senior Partner, Zu’bi & Partners, on international law
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International laws, treaties and conventions in the modern era have had the greatest impact in reducing conflicts and disputes between nations, and also in reducing their grave consequences. These laws wouldn’t have seen the light without the existence of dominant implementing bodies, such as the League of Nations – later replaced by the United Nations (UN). Despite the fact that the UN primarily represents the victors of the Second World War, and lacks the principle of equality between nations…