The new labour law in bahrain bahrain employment law sta. There is, however, a general requirement that a merger must not result in monopolising an economic activity, a commodity or product. According to latest legislation announced in bahrain, tough penalties are likely for companies that flout health and safety standards, while private sector workers will receive 30 days of annual leave and increased maternity leaves. In july 2015 bahrain issued law 92015, promulgating the arbitration law.
Ten to fifteen percent of jobs need to be created by the coming year. With several arab and international labour treaties and conventions to which bahrain is a. The new law was approved by the bahraini cabinet and brought into force a. Served as a legal consultant at various junctures of the preparation of this report. Summary of legal aspects of mergers, consolidations, and transfers of assets the duty that is most pertinent to the approval of mergers and consolidations, however, is the duty of care. The new law underpins bahrains efforts to come in line with international standards, and it has aligned bahrains domestic law with several of the arab and international labour treaties and conventions to which it is a signatory and which have come into effect over the. Jun 24, 20 on september 2nd 2012, the kingdomof bahrains legislative decree law no. During the year that follows the year in which the central council took its final decision on approving the merger, the council may exempt the merging bank from income tax for an amount equivalent to taxes due on a portion of its profits, provided this portion does not exceed the cost of. Commercial companies law 2001 central bank of bahrain.
Bahrain to introduce selfsponsorship system in april. Mar 23, 2016 the bidder would determine the choice of structure, although the election for a merger or reverse merger would require joint agreement and entry into a merger agreement with the target. Minimum wage and unemployment in bahrain economics essay. Oman labour law 4 with any of the conditions in such schemes or agreements, the condition, which is more generous to the employee, shall be applicable. The new law was approved by the bahraini cabinet and brought into force a number of amendments to existing labour laws largely reconciling differences between. Mergers and acquisitions reshape bahrains banking sector. In doing so, it established new aspirations for improved working standards, wider protections, and faster dispute resolution procedures. An expat completed two years and leaving the job, how much leave salary and indemnity payment he a. Another interesting area is the way the law protects employees in bahrain against discriminatory practices. Under the revised rules, employers seeking to hire a housemaid will have to compulsorily declare, among other things, the nature of the job, working hours and weekly day off. I declare that the work presented in this thesis is my own except. The new law repeals and replaces the old labour law no. The previous laws on leases were hard to enforce, as they divided the kingdom into two municipalities only, manama and muharraq, and applied only to certain premises, specific types of.
Lmra new bahrain labor law about contracts philippine embassy. Summary of legal aspects of mergers, consolidations, and. The new law will operate like a free visa through which workers can sponsor themselves and work for multiple employers. The essential workflow tool for legal professionals with an international outlook. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and. Jun 24, 2015 article 7 of law 192 of january 4, 1993 states that. In 2006 the ipo for 35% of its paidup capital became the largest such offering in. Apr 08, 2014 lmra new bahrain labor law about contracts philippine embassy lmra new bahrain labor law about contracts philippine embassy. Even the employees need to be aware of the labour law of the place they work in. A new labour law pdf version attached which outlines the rights and. Amendment to bahrain labour law linkedin slideshare. We salman bin hamad al khalifa deputy king of the kingdom of bahrain. Prior to 2011, bahrain had more progressive labour relations than many of the neighbouring gulf states.
The labour law for the private sector 1976 promulgated by amiri decree law no. It confers no rights and imposes no obligations separate from those conferred or imposed by the original arabic legislation formally adopted and published. Indemnity and leave salary as per the labor law of bahrain. Lmra new bahrain labor law about contracts philippine embassy lmra new bahrain labor law about contracts philippine embassy. Mergers and acquisitions regulations in lebanon lawyer issue. While defined by statute in a number of jurisdictions, merger is not a legal term of art in hong kong and, used generically, is often indistinguishable from acquisitions and amalgamations. The bahrain labour ordinance, 1957 and amendments thereto. Imedipa, rd3 international conference on competition law and policy athens 29 may2009 non. Gtdt provides firststep legal analysis of the legal frameworks in 117 practice areas and over 150 jurisdictions. Merger control laws and regulations covers common issues in merger control laws and regulations including relevant authorities and legislation, notification and its impact on the transaction timetable, remedies, appeals and enforcement and substantive assessment in 55 jurisdictions. Article 7 of law 192 of january 4, 1993 states that. When intermediate customers are actual or potential competitors of the parties to the merger, the commission focuses on the effects of the merger on the customers to which the merged entity and those competitors are selling. The terms merger and acquisition have no legislative interpretation or meaning in hong kong. Lmra new bahrain labor law about contracts philippine.
A new contract for domestic workers will be enforced from october 1, it was announced. Freshfields bruckhaus deringer is a global law firm with a longstanding track record of successfully supporting the worlds leading national and multinational corporations, financial institutions and governments on groundbreaking and businesscritical mandates. 1 of 2018 amending some of the provisions of the commercial companies law arabic. In 2006 the ipo for 35% of its paidup capital became the largest such offering in the kingdoms history and raised bd2. Bahrain government laws page 2 communication legal. The new labour law in bahrain bahrain employment law. No general merger control notification exists in bahrain.
On july 26 2012 the king of the kingdom of bahrain issued a new labour law no 36 of 2012 replacing. Through close collaboration, our member firms are able to offer their clients preferred access to more. There is a prohibition on payment of salaries based on. Saudi arabia merger control getting the deal through gtdt. Article 7 the employees right to make any claim under the provision of this law shall expire after lapse of one year from the date on which such claim arises. The country s natural resources oil, aluminum, natural gas are equally limited. Merger control 2020 laws and regulations bahrain iclg. The first paragraph of article 110 of the labour law in the private sector promulgated by law no. The introduction of the labor law number 36 of 2012 the new labor law in bahrain repealed previous labor legislation, a classic case of new wording solely dedicated to reform.
Any business operating in kingdom of bahrain which employs staff, need to be aware of and abide by the latest labour rules, and of the statutory responsibilities and obligations pertaining to recruitment, employment terms and termination. The civil and commercial procedure law promulgated by virtue of law no. The unemployment rate in bahrain has narrowed down to 3. According to bahrain news agency bna, a pilot project will be launched in april to help thousands of illegal workers gain legal status in bahrain. The countrys population is small a 2011 census counted fewer than 1. The structuring decision would be influenced by the type of consideration the bidder is offering and the level of acceptance the bidder is seeking to obtain. Labor rights in bahrain are set forth in its constitution,5 the labour law for the private sector and subsidiary legislation,6 and the workers trade union law. This document provides a comparison of the old labour law no. Introduction the terms merger and acquisition have no legislative interpretation or meaning in hong kong.
Whether in bahrain, regionally or globally, our clients count on our extensive experience in litigation against governmental authorities or private parties, counselling on delicate questions and comprehensive worldwide coverage of merger control regimes. New labour laws brings cheer to private sector workers. Thesis for the degree of doctor of law by ameen baggash abdulhemed alhemyari brunel university school of law july 2012. The cabinet approved the work permit and plans to issue 48,000 permits within the coming two years. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics. On july 26, 2012, the king of the kingdom of bahrain issued a new labour law no. While defined by statute in a number of jurisdictions, merger. New contracts for domestic workers to be enforced from. Retirement gratuities for government employees and amendments thereto. The new law has been aligned with several arab and international labour treaties and conventions to which bahrain is a signatory and which have come into effect over the last 36 years. The monarchys dependency on external support is strengthened by bahrains geopolitical location. The bidder would determine the choice of structure, although the election for a merger or reverse merger would require joint agreement and entry into a merger agreement with the target. This guide to law online bahrain contains a selection of bahraini legal, juridical, and governmental sources accessible through the internet. Bahrain labour law bahrain labour law disclaimer this english language text is not an official translation and is provided for information purposes only.
The penal code promulgated by legislative decree no. Sep 19, 2017 a new contract for domestic workers will be enforced from october 1, it was announced. Merger of an establishment with another or its transmission by way of inheritance, will, gift. The latest merger has created bahrains fourthlargest bank just eight years after asbb made history on the bahrain bourse with its initial public offering ipo. This post was contributed by heros leask, associate at norton rose fulbright middle east llp on september 2nd 2012, the kingdomof bahrains legislative decree law no. On 27 october 2014, the uae competition law implementing regulations came into force and provided some clarification on merger control filing. Law decree no 482010 promulgating civil service law civil. New amendments to bahrains commercial companies law.
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