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Legal Update: Amendments to the Law of Commerce Law No. 23 of 2025 Amending Decree Law No. 7 of 1987 Law No. 23 of 2025 (the “Amendment”) introduces significant changes to Decree Law No. 7 of 1987, Law of Commerce, with immediate effect. The amendments aim to modernise cheque-related provisions, enhance protections around joint accounts, […]
Michael Atere Senior Counsel Principal Practice Areas: Capital Markets, Mergers & Acquisitions, Banking & Finance,Corporate & Commercial, Regulatory Complianceaatere@zubipartners.com Michael is a highly experienced corporate attorney with over 13 years of expertise in advising on high-stakes, cross-border commercial agreements and transactions. Dual-qualified in England & Wales and Nigeria, he provides commercially focused legal counsel on fund formation, mergers and […]
Draft Law Enhancing Bahrainisation Under Review The Council of Representatives is currently reviewing a draft law that could significantly impact private-sector employment practices. The proposed legislation aims to impose a 30% cap on the number of foreign nationals permitted to work in private-sector commercial establishments. Employers who breach this requirement could face fines of up […]
New Amendments to Commercial Registry Law Ministry of Industry and Commerce (MOIC) has implemented two new Ministerial Orders under the amended Commercial Registry Law No. 27 of 2015 (the “Commercial Registry Law”), aiming to streamline registration, licensing, and reinstatement processes for businesses. These updates simplify delegation requirements, introduce flexible renewal options, and reduce the financial […]
New Regulatory Framework for Authorized Distributors The Ministry of Industry and Commerce (“MOIC”) has implemented significant regulatory changes under Ministerial Order No. 29 of 2024, which establishes new conditions for authorized distributors of trademarked products and services. This order introduces a more formal framework for distribution agreements, focusing on increasing transparency, legal protections, and market […]