Category: News

Limited Liability Company (Ltd. Şti.) Formation in Turkey

Establishing a limited liability company (Limited Şirket – Ltd. Şti.) in Turkey requires careful consideration of the ownership structure, management arrangements and applicable corporate requirements. As one of the most widely used corporate forms in Turkey, a limited liability company offers a comparatively straightforward management structure and lower minimum capital requirements, making it a practical […]

Jordan’s Platform Worker Social Security Reform: What Businesses Need to Know

For businesses operating in Jordan’s platform economy, social security compliance is becoming an increasingly important part of workforce planning. On 1 November 2026, Jordan’s Cabinet approved amendments to the Social Security Corporation’s insurance coverage regulation, including a mandatory coverage framework for people working through digital platforms and smart applications. The commercial question is clear: how […]

Ras Al Khaimah’s Flying-Car Sandbox: Writing the Rules Before Take-Off

Ras Al Khaimah is turning the “flying car” from a showpiece into a regulatory project. The emirate has agreed with ARIDGE, the company formerly known as XPENG AEROHT, to establish an Advanced Air Mobility regulatory sandbox led by the Ras Al Khaimah Transport Authority and operating under the oversight of the UAE General Civil Aviation […]

UAE E-Invoicing: Revised Penalties Bring Greater Certainty for Businesses

Businesses preparing for mandatory e-invoicing in the United Arab Emirates should review a newly announced administrative penalty framework. According to a Ministry of Finance announcement dated 30 October, a new Cabinet Decision replaces Cabinet Decision No. 106 of 2025, revising implementation-related penalties and removing a specific fine for failing to report a system failure. AED […]

Saudi Arabia’s New Enforcement Rules: What International Businesses Need to Know

Recovering a debt—or responding to an enforcement order—in Saudi Arabia now requires close attention to short deadlines. Published on 23 October 2026 under Minister of Justice Decision No. 617, the new Implementing Regulations of the Enforcement Law clarify asset disclosure, attachment procedures and safeguards for businesses. Saudi Gazette reports that the regulations took effect alongside […]

New Property Advertising Rules in Hungary: What Businesses Need to Know (Wekerle Plusz)

Does your business operate as an estate agency, property advertising platform or credit institution involved in the Wekerle Plusz programme? Government Decree No. 411/2026 (XI. 3.) introduces new advertising requirements and clarifies estate agents’ liability. Here is what your business needs to know. Credit institutions must include the following statement in advertisements for Wekerle Plusz […]

Electronic Communication in Hungarian National Bank (MNB) Proceedings: Key Rules for Financial Market Participants

MNB Decree No. 35/2026 (X. 14.) regulates electronic communication in specified administrative proceedings before the Magyar Nemzeti Bank (MNB), Hungary’s central bank and financial supervisory authority. Its provisions concern certain licensing, approval, registration and notification procedures, rather than all dealings with the MNB. Submission Through the ERA System Organisations required to communicate electronically must generally […]

How to Establish a Limited Partnership (Komandit Şirket) in Turkey: 2026 Guide for Foreign Investors

Foreign investors seeking to establish a limited partnership (Komandit Şirket) in Turkey (Türkiye) are generally subject to the same incorporation requirements as Turkish investors. A limited partnership (KomanditŞirket) is a commercial company in which partners have different levels of liability, with at least one partner bearing unlimited liability for the company’s debts. This structure may be considered […]

NZP NAGY LEGAL Shortlisted at the Middle East Legal Awards 2026

NZP NAGY LEGAL was honoured to be shortlisted for the Most Promising Newcomer Award at the Middle East Legal Awards 2026. The awards ceremony, organised by Law.com, took place at Address Sky View in Dubai and brought together leading law firms, in-house legal teams and professionals from across the region. A Milestone in Our UAE […]

EU Packaging Rules Enter a New Phase: What Businesses Need to Know About the PPWR

Regulation (EU) 2025/40 on packaging and packaging waste (PPWR) is reshaping the regulatory framework for products placed on the European Union market. Applying from 12 August 2026, the Regulation introduces harmonised requirements intended to reduce packaging waste, improve circularity and make compliance more consistent across Member States. Its impact extends well beyond packaging manufacturers: importers, […]