News and Insight

40 posts found

Evidence Act 2022: Part 2- Oral Evidence
February 02, 2023

IntroductionOral testimony of witnesses has long been admissible as a form of evidence in courts of Maldives. The Evidence Act 2022 (EA) contain extensive rules governing oral evidence, some...

1st Amendment to the Policy on limits for construction projects awarded through National Tender
February 01, 2023

IntroductionThe 1st Amendment to the Policy on limits for construction projects awarded through National Tender (Guideline No: 2023/G-1) came into force on 11th January 2023. This amendment...

Memo Series - Evidence Act 2022
January 30, 2023

IntroductionThe Evidence Act 2022 (Act No. 11/2022) which was enacted on 18 July 2022 repealed the Evidence Act 1976 (Act No. 24/76) and Women’s Testimony Act (Act No. 14/72). The Evidence A...

Government Publishes New Policy on Issuing Sovereign Guarantees
January 12, 2023

IntroductionThe Government has published a new policy (Policy No: 2022/G-43) on 18 December 2022 regarding issuing sovereign guarantees in financing transactions.The most notable change is t...

Hilton v Sun Update: Civil Court has denied Sun's Procedural Objections
January 12, 2023

IntroductionThose following the case closely would be aware that the High Court in Sun Travels and Tours Pvt Ltd v Hilton International Manage (Maldives) Private Limited [2022/HC-A/26] held...

LIBOR to SOFR Transition
January 11, 2023

IntroductionLIBOR has been met with controversy and declining popularity since the 2008 financial crisis. Critics postulate that its calculation mechanism allows lenders to manipulate LIBOR....

1st Amendment to the Cross Subsidy Regulation
December 27, 2022

IntroductionThe 1st Amendment to the Cross Subsidy Regulation (Regulation No: 2022/R-247) came into force on 21st December 2022. This amendment has been brought into effect to change the pos...

Guideline on resolving disputes arising out of public-private agreements
December 19, 2022

IntroductionGuideline on resolving disputes arising out of public-private agreements (Policy No: 2022/G-42) (“Dispute Settlement Policy”) was published in the Government Gazette on 28th Nove...

1st Amendment to the High Court Civil Procedure
December 19, 2022

Introduction On 16 June 2022, High Court of the Maldives issued its Regulation on Civil Procedure (Regulation no: 2022/R-101) (“Regulation”) which establishes a procedural framework for the...

Updated Regulation on Construction Period Extension and Deferment of Rent and Fines for resorts
December 13, 2022

Introduction Regulation on Construction Period Extension and Deferment of Rent and Fines (Regulation No. 2022/R-236) (“CP Regulation”) was published in the Government Gazette on 6 December 2...