News and Insight

10 posts found

Update: Projects Eligible for Cross Subsidies
March 07, 2023

Under the Maldives Tourism Act (Act No: 2/99), the President decrees projects eligible for cross subsidies and the minimum thresholds of investment required for them. Below is the updated l...

Evidence Act 2022: Part 3 - Documentary Evidence
March 05, 2023

IntroductionPrior to the enactment of the Evidence Act 2022 (EA), there was no statutory definition to the term documentary evidence, although, section 2 of the Evidence Act 1976 (Act No. 24...

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...

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...

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...

FAQ: GST Rate Change (Updated)
December 13, 2022

IntroductionOn 22nd November 2022, the 6th Amendment to the GST Act (“Sixth Amendment”) was ratified and published in the Government Gazette. The 6th amendment increases the current GST rate...

6th Amendment to the GST Act
December 05, 2022

Introduction On 14th September 2022, the government submitted an amendment bill to the existing Goods and Service Tax Act (Law No. 10/2011) (the “GST Act”) to the People’s Majlis. The Govern...