On 10 August 2020, the MMA published the Regulation on Management of Confiscated Assets related to Money Laundering and Financing of Terrorism which provides the procedures on dealing with confiscated funds and property under the Prevention of Money Laundering and Financing of Terrorism Act.
An appeal where the Supreme Court considered whether a procedural decision already appealed, can be re-appealed by including the procedural decision as an appeal point when appealing the decision on substantial issues of a case
On 5 August 2020, the First Amendment to the Legal Profession Act was published, which provides that law graduates that complete a one month long training program and meet other conditions stipulated in the Act will be eligible to be sworn in and admitted to the Bar.
On 3 August 2020, the 4th Amendment to the Tourism Land Rent Regulation was published, bringing about a significant reduction to the late payment fine charged with respect to tourism land rent.
On 15 July 2020, the Supreme Court of Maldives gave its judgment in the case of Abdul Majeed v Male’ City Council, which originated from a contractual dispute over a plot of land for which the Appellant submitted the winning bid. The Court agreed with the High Court’s decision that the land plot is not required to be handed over to the Appellant as a contract has not formed between the parties.
On 23 July 2020, the 17th Amendment to the Maldives Import Export Act was published, introducing important changes to the Maldives import export regime.
The webinar is aimed at helping legal and accounting practitioners as well as students looking to improve their understanding of tax law with a business and practical perspective. It will be held on 20 September 2020, at 9:00 pm.
Maldives Inland Revenue Authority (‘MIRA’) on 20 July 2020, published the First Amendment to the Income Tax Regulation.
On 15 July 2020, the Supreme Court of Maldives gave its judgment in the case of Guleyfa Mohamed v Adam Haleem, which originated from a residential tenancy dispute involving non-payment of rent. The Court agreed with the lower court’s decision not to award compensatory damages.
CTL Strategies has been selected by asialaw as one of the shortlisted candidates for Maldives Firm of the Year for the asialaw Awards 2020.