Islamic Finance News

Supplements

THE CIVIL LAW CHOKEHOLD The 2012 Islamic Finance news Law Supplement features a behind-the-scenes look at the legal fraternity and explores fundamental issues such as team size and pricing and how they influence client choices. We also gain insight on Decree 57, the new insolvency law in the UAE announced in the first half of the year. In our cover story, we take an objective look at the advantages and disadvantages of a Civil and Common legal system, and explore the jurisdictions which have felt the most impact from these arrangements in terms of adapting new tax structures for Islamic finance and allowing a seamless adoption of Islamic finance regulations and capital market products. We also pay homage to the legal eagles who topped our 2012 Islamic Finance news Leading Lawyers and Law Firm polls: tirelessly working to improve structures and documentation, carrying the Islamic finance industry through the on-going restructuring exercises in the Gulf and successfully adapting to the changing tides of the financial markets. These lawyers and law firms have been instrumental in the growth of the Islamic finance industry, pushing for, and creating amendments for the incorporation of Islamic finance into their respective jurisdictions and allowing for greater access to Islamic finance deals. View interactive book View PDF Edition

CONTENTS COVER STORY The Civil Law Chokehold Amongst the gamut of issues revolving around the incorporation of Islamic finance into the mainstream economy, the question of jurisdictional law - whether civil or common - has cropped up more than once. FEATURES The Size Issue Does the size of a legal team affect its competence in handling the complexities of Islamic finance transactions, and do clients prefer to engage smaller but more specialized firms, or bigger firms carrying a more prominent name? Decree 57: A Much Needed Innovation Dubai has always been ahead of the curve among the Arab states, both in terms of innovation and through its broader international perspective on law and finance. Market Games As the global economy takes a rough tumble, clients are constantly seeking to cut costs. This has in turn affected the pricing game within the legal fraternity; including how lawyers choose to charge clients. CHAPTERS Managing Conflict and Resolving Disputes Banks invest heavily in relationship management and are increasingly looking to manage conflict arising from those relationships more efficiently. Awards Results: Islamic Finance news Awards Law Poll 2012 Leading Lawyers 2012