international intelligence Bulletin:
Bringing You Worldwide Developments in Business, Law, Economics, & Politics
| Legal News |
Recovery Efforts for Client’s Property in Iran
A client of the Firm purchased a building in Iran prior to the revolution of 1979. Its foreign representatives abandoned the country and trespassers took possession of the building. The U.S. boycott of Iran severely limited the client’s actions to recover possession of the property because it did not have a license from the Office of Foreign Asset Control (“OFAC”). Even after the client obtained a license from OFAC, it still faced considerable obstacles in dealing with the Iranian legal system and the political relations between the USA and Iran. Click here for more information.
Dubai becomes first Arab Nation to enact Data Protection Law
Dubai recently became the first Arab nation to enact a substantial Data Protection Law (DIFC Law No. 1 of 2007) intended to protect the personal information of its citizens. In a statement announcing the new law, Dubai called the enactment "pioneering in the region". The new law will have immediate implications for companies operating in Dubai (and especially those companies that transfer data from one office to another), such as Halliburton, the giant energy company, which recently announced that it is moving its global headquarters from Texas to Dubai. However, close examination of the new Dubai law reveals that its application is limited to the “Dubai International Financial Center,” a one-hundred acre financial free-trade zone intended to attract foreign investment and foreign business.
| Regional News |
The Constitutional Sources Project
On September 20, 2006, the U.S. Supreme Court opened its doors to welcome friends of the Constitutional Sources Project (“ConSource”), which proudly commemorated the Constitution Day launch of its "beta" web site tool containing its first two complete collections: Madison’s Notes of the Constitutional Convention and the Federalist Papers. This Project is creating the first comprehensive online repository of the original source documents related to the Constitution. Kirton & McConkie has been a proud sponsor of the ConSource Project. Click here for more information.
