12. Major Legal and Business Challenges
Manage the Group business through multiple legal regime
Collection problems (bounced checks treatment)
Litigation limitation
Counterfeit and illicit trade
Specification and Standards (new competing tools)
Residency / security issues
Import regulations/Dumping
Producing in free zone (loosing GAFTA benefits)
Intellectual Property Protection (registration, opposition , cancellation)

13. Compliance Issues
The Regulatory compliance is one of the highest legal risk areas for businesses.
Tax (corruption, non systematic)
Tax compliance related to Transfer Pricing
Employment and HR
Expatriation of Advisors and Employees
FATQA and KYC declaration
Amount of regulatory change
Compliance records
Corporate governance
Related party transactions
Imports and exports regulations
Global risk and compliance management requires a broad, integrated approach
Many companies realize that the distraction and cost of dealing with non-compliance far exceeds the time and dollar investment required to identify and manage risks before they become problem

14. Technological Advancements Challenges
Technology change the legal profession (adaptation or segregation)
Globalization of the services
E-commerce development (ordering system/electronic signature)
Agility challenge (involve lawyers in technology)

15. Doing Business easiness
Eleven of 20 economies in the Middle East and North Africa implemented at least one regulatory reform making it easier to do business in the year from June 1, 2013, to June 1, 2014—15 reforms in total.
Since 2005, 90 percent of the economies in the region have implemented business regulatory reforms in the areas measured by Doing Business. Together, the 20 economies recorded 197 reforms making it easier to do business. The Arab Republic of Egypt implemented the largest number of reforms in the region during this period, with 24, followed by the United Arab Emirates with 20 and Morocco and Saudi Arabia with 19 each.
The United Arab Emirates has the region’s highest ranking on the ease of doing business, at 22 among 189 economies worldwide. It is also among the 10 top improvers worldwide in this year’s report.

16. Doing Business rank in the ME
UAE , 22
KSA,49
Qatar, 50
Bahrain, 53
Tunisia, 66
Kuwait, 86
Lebanon, 104
Egypt, rank 112
Jordan, 116
Iran, rank 130
Iraq m rank 156
Syria, 177
Libya, 188
New zeeland, 1

17. Connect With Us >>

18. Thank you