S&A Lawyers LLP is proud to be a contributing firm to the International Arbitration Guide 2021 with Chambers Global Practice Guides. Our chapter insight outlines the Laws and Regulations and Key Trends and Developments in International Arbitration during 2021 enabling practitioners to understand specific requirements of the “Maldives Arbitration Act” Contributors from S&A Lawyers LLP:...
Category: <span>Latest Updates</span>
S&A Lawyers LLP is delighted to be a contributing firm to the Employment Guide 2021 with Chambers Global Practice Guides. Our commentary on the Employment sector in Maldives provides expert insights on the Laws and Regulations and Key Trends and Developments in Employment during 2021 that would enable practitioners to understand specific requirements of the...
SPH Private Limited (“SPH”) had terminated a hotel management agreement with Jumeirah Management Services (Maldives) Pvt Ltd (“Jumeirah”). Jumeirah commenced arbitration proceedings at the Singapore International Arbitration Centre (“SIAC”) for unlawful termination. SPH subsequently filed parallel proceedings at the Civil Court in Maldives on the same subject matter arguing that Maldives’ Courts ought to have...
We are pleased to announce that S&A Lawyers LLP has been ranked as a Highly Recommended law firm in the Maldives by Asia Law Profiles in its 2022 rankings. S&A Lawyers LLP has been ranked in the highest band ever since Asia Law Profiles
On 20 January 2021, the Maldives Inland Revenue Authority (“MIRA”) issued the Country-by-Country Reporting Regulation requiring annual country-by-country reporting (“’CbCR”) for Multinational enterprises resident in the Maldives. The regulation broadly follows
Suood Anwar & Co has submitted the completed draft of Country’s first Civil Procedure Code.
For the first time in the Maldives, a foreign arbitral award has been directly enforced in the Maldives. In the case of International Construction Consortium v Gasveli Island Pvt. Ltd (1197/CV-C/2013) where the parties had opted for disputes to be settled by arbitration at the Kuala Lumpur Regional Center for Arbitration under UNCITRAL rules
On 15 October 2019, the Government of Maldives submitted Income Tax Bill (“ITB”) to the Parliament. Once the Bill is passed by the Parliament and ratified by the President, it would introduce personal income tax and bring major changes to current Business Profit Tax and Bank Profit Tax regimes
Mohamed Shahdy Anwar has been appointed as the member representative from the legal profession to the University Council of the Maldives National University. The University Council is the University’s highest decision making body
Pursuant to the first amendment to the Tax Ruling TR-2018/B65 (amended via TR-2019/B69 issued on 21 March 2019), amounts payable by a company, a trustee or a partnership as remuneration, as defined in Section 43 of BPT Act, no longer constitutes