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This article explores the newly revised regulations on crowdfunding issued by the Central Bank of Bahrain for the jurisdiction of the Kingdom of Bahrain. On 28 April 2022, the Central Bank of Bahrain (CBB) issued a new consolidated crowdfunding platform operators (CPO) module (Module CFP) under Volume 5 of the CBB Rulebook. The new module will replace the existing financing-based…
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"Difficulties are part of life, and easy success is tasteless." Founding Partner Saad Al Doseri has been interviewed by Bahraini newspaper Al Watan on his journey from a military captain to a legal career and the success of Al Doseri Law, including Saad's recent USD 8,000,000 International Arbitration win. You can read Saad's interview, also featured on the front page…
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Amina Sultan Al-Buainain joined Al Doseri Law as an intern in January 2022 and is currently studying at The Royal University for Women. As part of her internship, she was assigned to write a paper on the legal profession entitled “Ethics and Roles”. Founding Partner Saad Al Doseri found Amina’s paper informative and has decided to publish it as an…
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We are delighted to announce that Ronald Langat, Partner and Head of Banking and Finance, has been ranked in The Legal 500's annual EMEA Guide. The Guide has recognised Ronald as a 'Leading Individual' for his expertise in banking and finance, including Islamic finance. Ronald is known for his transactional work, including capital markets, structured finance products, derivatives, securitisations including repackagings, as…
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Led by Founding Partner, Saad Jaber Al Doseri, Al Doseri Law has secured an arbitral award worth approximately eight million USD for a longstanding client. The International Chamber of Commerce (ICC) in Paris appointed the arbitral tribunal in accordance with its rules, and its proceedings were subsequently held in Switzerland under Swiss law, subject to the ICC rules. Saad Al…
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Founding Partner of Al Doseri Law, Saad Al Doseri, recently authored the Bahrain chapter of the thirteenth edition of the Employment Law Review. Saad’s contribution provides a comprehensive overview of Bahraini labour law, including details of relevant authorities, significant cases, and wages, amongst other employment law topics. Saad’s thorough and in-depth analysis of the intricacies of employment law is an…
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This article explores the bankruptcy laws and their application in the Kingdom of Bahrain. As the year comes to a close and companies push to exit the red into the black after the impact of the Covid-19 pandemic, below is a glimpse into the Kingdom of Bahrain’s bankruptcy laws and their application. In Bahrain, companies and traders (other than those…
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Saad Al Doseri, Founding Partner and Head of Litigation and Dispute Resolution, has been appointed to the Bahrain Chamber's elections supervision committee. Held every four years and due in the first quarter of 2022, the Bahrain Chamber, formerly known as the BCCI, will be holding an election for its board members, along with the nomination of a Chairman. Since its inception in 1939, the Bahrain Chamber has…
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On 22 November 2021, Partner Ronald Langat spoke to MSc Strategic FinTech and MSc FinTech students on the “Future of FinTech” as a Guest Speaker at the University of Strathclyde Business School. It was the last of a series of expert guest speaker events for postgraduate students, on the theme of “FinTech for environmental and social good”. The series of…
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Ronald Langat, partner and Head of Banking and Finance, examines in The Banker how Bahrain's stable and predictable regulatory environment has allowed the FinTech sector to innovate and flourish. Ronald's article was originally published in The Banker, 12 November 2021, and can be found here. FinTech’s are an increasingly important feature of the financial services landscape in the Kingdom of…
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Partner Ronald Langat examines how the Central Bank of Bahrain (CBB) encourages innovation in the country’s fintech sector and fosters collaboration with innovators in the wider MENA region, in The Fintech Times. Ronald's article was published in The Fintech Times and UK Economy News, 8 October 2021, and can be found here and here. As FinTech companies continue to disrupt…
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Partner Ahmed Jaber Al Doseri has been appointed Chief Executive Officer at BNET, a licensed telecommunications operator in Bahrain. Ahmed will be stepping down from his role as Partner at Al Doseri Law but will retain a presence at the firm as Of Counsel. BNET, a subsidiary of Batelco, is a vital component of Bahrain’s 4th National Telecommunication Plan (NTP5),…
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According to Resolution No. 117 of 2021 issued by the Minister of Justice, litigation disputes at the courts of Bahrain can be conducted in the English language, subject to the following conditions: a.The parties agree to use English as the chosen language before the courts of Bahrain prior to the dispute. b. The contract is drafted in a language other…
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Partner Ronald Langat and Associate Maryam Alhashemi examine the unprecedented level of financial and cyber crime during the COVID-19 pandemic, in Financial IT. Ronald and Maryam's article was published in Financial IT, 15 October 2021, and can be found here. The outbreak of COVID-19 has seen the world face extraordinary challenges to public health and the global economy. The pandemic…
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Saad Al Doseri has been appointed as presiding arbitrator in a real estate dispute and appointed as the sole arbitrator in an industrial dispute. Founding Partner Saad Al Doseri has issued his first arbitral award in his capacity as the presiding arbitrator in a real estate dispute, and has also been appointed as the sole arbitrator in a separate, industrial…
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Saad Al Doseri, founding partner and Head of Litigation and Dispute Resolution, and Maryam Alhashemi, Associate, have contributed to ICLG's International Arbitration 2021 guide, outlining the laws and regulations in Bahrain. Drawing on their expertise, Saad and Maryam's chapter explores the common issues in international arbitration laws and regulations. Their contribution covers arbitration agreements, governing legislation, choice of law rules,…
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Ronald Langat, partner and Head of Banking and Finance, explores how Bahrain has created a stable and predictable regulatory environment that allows the FinTech sector to innovate and flourish, in Global Banking and Finance Review. FinTech is flourishing. By challenging traditional financial services in providing a faster, often cheaper and invariably better service or product, it is developing as an…
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Gulf Daily News has published news of our growth and the appointments of partner Ronald Langat as Head of Banking and Finance, and Ahmed Jaber Al Doseri, as partner and Head of Technology, Media and Telecommunications. Saad Al Doseri, founding partner and Head of Litigation and Dispute Resolution, said “Organic, considered growth is central to our firm’s strategy. The appointments of Ronald…
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Saad Al Doseri, founding partner and Head of Litigation and Dispute Resolution, and Ahmed Jaber Al Doseri, partner and Head of Technology, Media and Telecommunications, have authored OneTrust DataGuidance's Bahrain chapter for their series of Third Country Assessment Guidance Notes. In response to changes in European Union data protection law, OneTrust DataGuidance has produced the Third Country Assessment comparison,…
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Specialist Bahraini law firm Al Doseri Law is delighted to announce the appointments of two new partners to its firm. Partner Ronald Langat joins as the firm’s new Head of Banking and Finance practice from law firm Haya Rashed Al Khalifa. Ahmed Jaber Al Doseri has been appointed as a partner and head of Al Doseri Law’s Technology, Media and…
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This article briefly examines the correlation between the COVID-19 pandemic and the increase in financial cybercrime and explains how the authorities have reacted and the regulations that have been issued to safeguard the public in the Kingdom of Bahrain. Introduction Following the outbreak of COVID-19, the world has faced extraordinary challenges varying from public health, economic disruption, and unprecedented crimes,…
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FinTech is flourishing. It is developing as an increasingly important sector of the financial services industry in the Kingdom of Bahrain (Bahrain) and throughout the MENA region. As always, the regulator, the Central Bank of Bahrain (CBB) has ensured that it provides a stable, predictable regulatory environment for FinTech to grow. As Bahrain has long been home to most international…
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With Shari'a law being a primary source of legislation in Bahrain, how does the law allow for the charging of interest? Article 2 of the Constitution of Bahrain states that Islamic Shari’a is a principal source for legislation. But is it the only source? And how does Bahraini law allow for charging interest - a patently non-Shari'a compliant act - if Shari'a…
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A court-appointed arbitrator proposed BHD207,500 as his arbitration fees. A court-appointed arbitrator proposed BHD207,500 as his arbitration fees. The proposal was in the draft terms of reference, which was not signed by the respondent. The latter objected throughout the arbitration proceedings on the “exaggerated” arbitration fees. Upon the issuance of the arbitral award in favour of the claimant, the respondent…
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A Bahraini court dismissed a case in respect of a contract governed by English Law as the case was time-barred under English Law. The claimant moved that time-bar must be calculated pursuant to the laws of Bahrain as a matter of a public policy. Public Policy, rules that are set to achieve the society's interests... The court rejected the claimant’s…
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Partners in commercial companies often take on more roles than just injecting cash. Should they be compensated for these roles? And, in doing so, do they become employees? In practice, the role of partners in commercial companies in Bahrain has been increasing. It is no longer limited to the injection of funds; in many cases, one or more partners are…
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The last chapter of the Labour Law No. 32 of 2012 is the Fines/Penalties Chapter for any violation to certain provisions under the Labour Law. Pursuant to Law No. The last chapter of the Labour Law No. 32 of 2012 is the Fines/Penalties Chapter for any violation to certain provisions under the Labour Law. Pursuant to Law No. 78 of…
