Access to justice is a fundamental pillar of any democratic society, ensuring fairness, equality, and the rule of law. Unfortunately, the Maldives faces significant challenges in its justice system, hindering its ability to deliver justice effectively. In this article, we will shed light on the main issues faced by the justice system in the Maldives […]
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On April 28, 2022, the International Tribunal on the Law of the Sea (ITLOS) issued a verdict in the maritime boundary dispute between Mauritius and the Maldives. The dispute involved the Exclusive Economic Zones (EEZ) of the Maldives and the Chagos archipelago, and the delimitation of territorial waters between Mauritius and the Maldives. The tribunal […]
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The Maldives introduced a new Civil Procedure Code on June 16th, 2022, with the aim of bringing more efficiency to the country’s legal system and speeding up the resolution of cases. The introduction of the new code was expected to bring improvements to the legal system, but according to some lawyers, it cannot be said that the […]
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The Maldives government has gazetted a new regulation that permit resort developers to extend the designated boundary of their resorts from 500 to 1000 meters. The boundary extension fee for an additional 500 meters is set at $100,000. On March 14, 2023, the Ministry of Tourism launched the new Resort Boundary Regulations, officially known as […]
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On 20th February 2023, the government published the Regulation Relating to the Loading and Carriage of Goods for Seagoing Vessels (Regulation No: 2023/R-71) in the Government Gazette. The regulation establishes minimum requirements for loading, unloading, storage, carriage and safety of cargo on ships. The regulation comes into force on 20th May 2023, and applies to […]
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The Importance of Corporate Governance: Ensuring Transparency, Accountability, and Ethical Behavior Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It is concerned with how a company is managed and how the interests of stakeholders, including shareholders, employees, customers, suppliers, and the wider community, are […]
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As the Maldives continues to grow in popularity as a tourism destination, the Ministry of Tourism has announced new islands for tourism lease. This announcement provides investors with the opportunity to develop and operate resorts in these pristine locations, but it also comes with legal considerations that must be taken into account. At Apex Law […]
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Investing in the Maldives: Opportunities and Considerations The Maldives is a small island nation in the Indian Ocean, known for its stunning beaches, crystal-clear waters, and luxurious resorts. But beyond its reputation as a tourist destination, the Maldives offers many opportunities for investors looking to expand their portfolio and tap into the country’s growing economy. […]
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Commercial leasing agreements are an essential part of any business operation. However, they can also be a source of legal issues if not properly drafted and negotiated. At Apex Law LLP, we specialize in commercial leasing agreements and have assisted clients in navigating the common legal issues that arise in these types of agreements. One […]
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On November 16th, the Maldives Government passed a bill proposed by the government to increase the GST tax rate for both the tourism sector and the general sector. Starting from the new year of 2023, taxpayers will be charged higher GST and TGST in the Maldives. On November 22nd, the President ratified the Goods and […]
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