Our "Year in Review 2020" provides brief summaries of the key legal and tax developments through the year 2020, as the Maldives navigated its way through the COVID-19 pandemic. Some of the issues have also been addressed to in blog posts by our lawyers and tax advisors, and in a variety of our publications.
On 26 November 2020, the Business Registration Regulation for Freight Forwarding Services was published. The Regulation aims to improve the quality of freight forwarding services in the Maldives and standardise the industry.
A case concerning the courts’ powers in granting interim injunction order in court actions related to arbitral proceedings, in which the High Court of the Maldives held that the Court has the same powers as the arbitral tribunal to render interim orders in such cases related to arbitral proceedings
On 26 November 2020, the Shipping Agency Regulation was published. The Regulation contains the standards and procedures to be followed by shipping agencies providing services to cargo vessels arriving to a Maldivian port.