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Economics

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Companies law amendments

Article Abstract:

Passage of the Royal Decree 39 of 1998 introduces substantial reforms to Royal Decree 4/74, otherwise known as Oman's Commercial Companies Law. The new legislation increases the minimum capital of a closed stock company from RO 150,000 to RO 500,000 and public joint stock company from RO 500,000 to RO 2 million. It further provides financial institutions, particularly banks and securities companies, the authority to take over the remaining shares of a company in the event of undersubscription.

Interpretation and construction, Business enterprises, Trade policy, Commercial policy, Oman

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CDs and financial instruments joint stock companies can issue

Article Abstract:

Lebanese laws do not legally define certificates of deposit (CDs). However, Article 8 of Law Decree No. 50 as amended by Article 7 of Decree No. 5527 provides required data that should appear on the certificate. The country's Code of Commerce also provides a regulatory framework for the instrument. It should also be noted that although Lebanese laws have no jurisdiction over CDs issued by foreign banks abroad, the issuance should be consistent with Lebanese public policy.

Commercial Banks, Intnl Banking Services, International Trade Financing, Multinationals Regulation NEC, Banking Regulation NEC, Deposits Regulation, International trade, Multinational corporations, International economic relations, Lebanon, Banking law, Bank deposits, International trade regulation, International banking, Certificates of deposit

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Azerbaijan: requirements for registering companies

Article Abstract:

Azerbaijan's foreign-company registration law contains instructions that are unclear and sometimes contradictory, according to US officials in the country. A summary of the documentation that the Ministry of Justice requires foreign firms seeking registration to submit is presented. That documentation includes a letter signed by the president of the firm and the individual applying for registration.

Regulation of Dom Invest by Foreign, Azerbaijan, Foreign investment laws, Foreign business enterprises

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