Author name: karimilaw

THE OBJECTIVE IS TO FACILITATE THE PRACTICE OF BUSINESS IN THE EMIRATE AND REMOVING ALL IMPEDIMENTS FACING INVESTMENT PROJECTS   Karimi & Associates Law Firm presents according to Abu Dhabi Government Media Office:   The Abu Dhabi Department of Economic Development (ADDED) has announced a list of 1105 registered commercial and industrial activities that are open for ownership by natural and legal non-citizens enabling them to fully or partially own commercial companies […]

Karimi & Associates Law Firm presents according to Jurist:   The European Commission along with the UK’s Competition and Markets Authority opened a formal antitrust investigation into the alleged breach of Facebook of EU competition law. As stated by Executive Vice President Margrethe Vestager, who is responsible for EU competition policy, over seven million firms use Facebook for advertisements. The investigation found the social media platform’s alleged use of competitors’ advertising data to get ahead

Karimi & Associates Law Firm presents according to Independent:   Tim Cook has defended Apple during tense questioning in its trial against Epic Games, which could decide the future of the iPhone and App Store. Mr. Cook gave hours of evidence and tried to argue that Apple’s current policies – including taking 30 percent of all digital purchases made through apps – should stay. Epic wants the court to hand down a ruling that would require

Karimi & Associates Law Firm presents according to Jurist:   A Nevada resident has been arrested and indicted by a federal grand jury on charges that she knowingly exported electronics and other goods to Iran in violation of US sanctions. The indictment alleges that Tina Chen purchased goods from US companies through her business, Top Zone Inc., and shipped them to Iran. The products were ultimately meant for Zanjan University, one of the largest

Karimi & Associates Law Firm presents according to Financial Times:   Antony Blinken, secretary of state, said that the US was lifting sanctions on three former Iranian government officials and two companies previously involved in the Iranian petrochemical sector as a result of “a verified change in status or behavior on the part of the sanctioned parties”.  “These actions demonstrate our commitment to lifting sanctions in the event of a change in

Karimi & Associates Law Firm presents according to Jurist:   The proposal, submitted to the World Trade Organization (WTO) by the European Parliament, demands that COVID-19 vaccine patents temporarily be exempt from provisions in the Trade-Related Aspects of Intellectual Property Rights (TRIPS) requirement protecting patent rights, removing IP protection for the vaccines. The EU Commission disagrees that a patent waiver is the best approach to tackle the vaccine shortage issue. The Commission submitted an alternative consist of

THE US DEPARTMENT OF TREASURY HAS ISSUED AN INSTRUCTION ANNOUNCING THAT IT HAS EXEMPTED THE EXCHANGES NECESSARY FOR IRAN’S FIGHT AGAINST THE CORONAVIRUS FROM SANCTIONS LAWS.   Karimi & Associates Law Firm presents according to the U.S. Department of Treasury: According to a document published on the website of The US Department of Treasury, certain activities related to “Covid-19”, which were under sanctions according to the “Iranian Transactions and Sanctions Regulations “, will

Karimi & Associates Law Firm presents according to Reuters: The U.S. Treasury has removed sanctions on three Iranians however, stated this did not reflect a change in its sanctions policy toward Iran and is not relevant to talks on restoring the U.S. and Iranian compliance with the 2015 Iran nuclear deal. The Treasury declared it had determined Behzad Ferdows, Mehrzad Ferdows, and Mohammad Reza Dezfulian are no longer blocked under Executive Order 13382, which targets proliferators of weapons

Karimi & Associates Law Firm presents according to Reuters:   The antivirus software entrepreneur, John McAfee, has been jailed in Spain and awaiting extradition to face tax fraud charges in the United States, told a court hearing in Madrid he was a victim of politically motivated accusations.   McAfee linked the charges filed by the Internal Revenue Service to his failed bid to run as a Libertarian Party candidate in the 2020