After a protracted freeze on transactions involving MMPRC islands, the Ministry of Tourism (MOT) has finally begun processing requests related to MMPRC islands. The freeze order came from the Presidential Commission on Corruption and Asset [...]
When tourist resorts reopened in mid-July, tourist guesthouses remained closed. Main reason was that while tourist resorts are built on self-contained islands with no regular access to local population, guesthouses are on inhabited islands in [...]
A sunset law has come into effect today to enable special measures aimed at assisting individuals, families and businesses combat the adverse effects of Covid-19 pandemic and the subsequent imposition of the public health emergency [...]
The parliament has enacted several changes to the Employment Act. The amendment bill passed on Sunday, 6 September 2020 was initially submitted by the government in June 2019. However, the parliament’s version is a bit [...]
The parliament is in the last stages of adopting a series of amendments to the Employment Act. The government had earlier in June 2019 submitted an amendment bill to bring some changes to the Employment [...]
It is often said that government policy initiatives can have serious implications on businesses. It can cause costs associated with the business to either increase or decrease – directly in the form of taxes, fees [...]
In a major policy intervention, the Maldives Government has today launched the new and revised Expatriate Employment Regulations. It is now published in the government gazette as Regulation Number 2020/R-62. The complete set The new [...]
In a recent decision, the Supreme Court has demarcated the ambit and parameters of the doctrine of frustration as it applies under Maldives law. The decision of the apex court answers two key questions: (i) [...]
In a noteworthy move, the Ministry of Tourism has today reduced significantly the penalty payable in respect of delayed lease rent payments. This policy change is reflected in the 4th Amendment to the Tourist Resorts, [...]
On 20 July 2020, the government announced its intention to propose a lease rent reduction for tourism properties in some distant atolls. The proposal is represented graphically in the caption. The law before 2010 The [...]
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