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Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
Global | Publication | September 2018
On August 17, 2018, the president of the Republic issued Decree No 3.584 (the Decree) through which the value added tax (VAT) was set at 16 per cent. This Decree was published in the Official Gazette of the Bolivarian Republic of Venezuela, Special Issue No 6.396, dated August 21, 2018.
The VAT general rate of 16 per cent represents an increase of four percentage points compared to the previous rate, which was set at 12 per cent in accordance with the provisions of article 62 of the VAT Law.1
Article 27 of the VAT Law authorizes the National Executive Government to revise the general rate between 8 per cent and 16.5 per cent.
Article 3 of the Decree set the effective date for September 1, 2018; therefore VAT taxpayers must apply the new rate of 16 per cent for their operations levied from that date on.
Law establishing Value Added Tax, published in Official Gazette No 6.152 Special, dated November 18, 2014.
Publication
The last several years have seen rapid growth in the Middle East.
Publication
On May 14, 2024, Lena Haffner, Innovation Lead Germany at Norton Rose Fulbright, shared her insights on “How do you make a law firm AI ready?" at Legal Revolution 2024, one of Europe’s leading conferences in legal innovation and technology. Her lecture focused on developing a comprehensive roadmap for integrating AI into law firms, emphasizing the importance of developing a robust AI strategy and fostering an innovation-ready culture. Key topics covered in the lecture included strategic planning, skills development, multidisciplinary teamwork, and strong AI governance.
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