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Al Salam Advocates is one of the top leading law firms in the Kingdom of Bahrain.
Our philosophy is based on our commitment to provide personal attention to the transactional and litigation needs of our client.
Our mission is to take a genuine interest in our clients, understand their objectives, and meet or exceed their expectations.
We aim to be a dynamic, client-focused firm oriented towards growth and recognized for excellence in the legal services field by creating measurable value for our clients in the accomplishment of their legal needs through the unique application of innovative, consistent, and dependable services.
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We intend to shed light on the effect of the outbreak of COVID –19 on businesses and their performance of contracts as they continue to face business disruptions amid strict measures to combat the spread the COVID-19.
We intend to shed some light on the new ultimate beneficial ownership disclosure requirement of the Ministry of Industry, Commerce and Tourism (“MOICT”).
An amendment has been made to the CR Law (as defined below) pursuant to the Law Decree under No. 52 of 2018 (the “Amendment”).
The new Bahrain Corporate Governance Code has been issued by the Ministry of Industry, Commerce and Tourism (“MOICT”) pursuant to the Ministerial Resolution No. 19 of 2018 (the “Code”).
The Code has been issued on 19 March 2018 and its provisions came into effect on 5 October 2018.
The new amendment made to the Commercial Companies Law No. 21 of 2001 (“CCL”) pursuant to the Law No. 1 of 2018 (“2018 Amendment”) has been issued on 4 January 2018 and its provisions, except for the new Article 176 thereof, came into effect on 12 January 2018.
In line with recent regulatory developments in the labour market sector, the Minister of Interior issued the Resolution No. 108 of 2017 with regards to the correction of the status of the residents in Bahrain by way of issuance of Employer permit. Such resolution requires all expatriates residing illegally in the Kingdom of Bahrain to pay the residence extension fees for obtaining the flexi permit.
As of July 2017, the LMRA has launched the Flexi Permit.