Lu'ayy Al-Rimawi

Biography

Dr. Lu’ayy Minwer Al-Rimawi received his higher legal education at the University of Cambridge and the London School of Economics and Political Science. During his studies at the London School of Economics Dr. Lu’ayy Al-Rimawi was the first recipient of the Lord Wedderburn Scholarship in competition with UK and international doctorate researches (offered by the Law Department/LSE) for “excellence in doctoral research in financial services law”. Prior to that and during his international relations studies at the London School of Economics he had been a Chevening Scholar -awarded by the British & Commonwealth Office (UK).

Dr. Lu’ayy Al-Rimawi is a highly respected international expert in Legal and Juridical Aspects of Arab Securities Regulation, Islamic financial law, Islamic business law and other aspects of Arab commercial and corporate law. He is a prime force in the UK and the EU behind setting up initiatives and high-profile debates on confronting corruption and anti-ethical practices in Arab public and private spheres –in September 2014 he is co-convening (with Sir Kenneth Warren) a session on confronting anti-corruption practices in the Arab World, at the International Cambridge Symposium on Economic Crime to be held at Jesus College, Cambridge University. He equally reviews regulatory trends in the Arab World in the context of IMF inspired economic reforms since the 1990s –having also advised some of the UK’s largest law firms on Islamic financial law in the Gulf and author of many legal papers published in the UK & EU on various regulatory issues and questions relating to international law.

Dr. Lu’ayy Al-Rimawi has been a Visiting Fellow at Harvard Law School, Islamic Legal Studies Program (March-May 2014) and a Guest Lecturer at Cambridge University. He is also lead doctoral supervisor at Greenwich Management School in London (University of Wales) and Director of Studies in the Doctoral Program at London School of Commerce (UK). He is also the Co-Director in the Master’s Programme of Islamic Financial & Business Law (LLM) at BPP University/London, in addition to his academic role in Islamic financial law, comparative UK/EU aspects with Islamic financial law, securities regulation, capital markets, banking, conflict of interest.

Dr. Al-Rimawi is also the author of the internationally acclaimed “Raising Capital on Arab Equity Markets: Legal and Juridical Aspects of Arab Securities Regulation” (Kluwer Law, 2012). In his foreword UK High Court Judge, Sir William Blair Q.C., (former Chairman of the Qatar Financial Centre Regulatory Tribunal) commented: ‘Among the strengths of Dr. Lu’ayy Minwer Al-Rimawi’s book is the fact that at all times he adopts a comparative approach, not only as between different Arab systems, but also with an appreciation of the legal position in the UK and the European Union and elsewhere.’ In his book, which is now mandatory in some Master’s programmes on legal aspects of Arab and Islamic financial law in UK universities, Dr. Al-Rimawi particularly addresses:

• relevance of international regulatory standards to Arab securities markets;
• mandatory versus voluntary securities disclosure;
• the fundamentals of the Islamic financial system, role of riba and gharar, nature and impact of Shari’a’s unquantifiable juridical risks on the modus operandi of Arab securities markets;
• macroeconomic adjustment policies and structural adjustment programmes in several Arab countries;
• recent economic and Arab capital markets impact in the wake of the ‘Arab Spring’;
• extent of different countries’ reliance on Shari’a as a constitutional source;
• constitutional challenges to the imposition of interest;
• the need for the positive law to compel securities disclosure under Shari’a;
• shareholders’ remedies when suing for fraud or negligent misstatements;
• liability for misleading or inaccurate disclosure (under the general law of the UK and a selected Arab jurisdiction);
• prospectus liability under the statutory regime of the UK and an Arab regulatory regime;
• bars to rescission of contract: Comparative UK and Shari’a aspects; and
• Arab, UK regulatory agencies’ enforcement, prosecutorial, administrative and civil remedies.

Dr. Al-Rimawi worked as an executive civil servant at the United Kingdom Home Office, IPS Directorate London (2001-2006). This role entailed special executive training by the UK Home Office on various British nationality laws as well as how to be an executive in a UK government department –in charge of a team of civil servants ensuring their motivation, high performance, discipline as well as guidance. The role also involved special training by the UK Home Office on how to deal with complex nationality cases as well as specialized and confidential training in spotting fraudulent (UK government) documents as well as special training on conducting electronic security checks on staff. He was Chairman of the Committee on Child Abduction Trans-Jurisdictional Aspects Pertaining to the Middle East: Recommendations to UK Judges, convened by the Official Solicitor to the UK Supreme Court (1999-2000), as well as the author of “Arab Nationality Status Report: Stateless Citizens in the State of Kuwait”, submitted to the Asylum & Immigration Tribunal (UK Home Office). He has also lectured in a part-time capacity public international law at the London School of Economics (LSE), London/UK (1998-2000).

Dr. Al-Rimawi is also the International Director (Middle East), Cambridge International Symposium on Economic Crime, Jesus College (Cambridge University) as well as the Regional Director of Research (Middle East), Centre for International Documentation on Organized and Economic Crime (CIDOEC), Cambridge. He is equally Fellow of the Society of Advanced Legal Studies, Institute of Advanced Legal Studies (University of London) and Research Fellow in comparative law, British Institute of Securities Law (London). Dr. Al-Rimawi has published extensively in UK and EU financial legal journals. 

Dr Lu’ayy Minwer Al-Rimawi has also made TV and radio appearances on Sky News, BBC, BBC World Service, Press TV and other Arab satellite channels. He has equally made significant contributions in the UK and Arab press advocating Arab democracy and human rights as well commenting on various aspects relevant to the applicability of international law on the Arab-Israeli dispute, Arab securities regulation and capital markets. Such opinions, letters and articles were published in newspapers such as: The Sunday Telegraph, The Times, The Guardian, The Observer, The Independent, The Independent on Sunday, The Sunday Times, The Manchester Guardian Weekly, The International Herald Tribune, The New York Times, The Washington Post, The Jerusalem Post, The Jewish Chronicle, Al Quds Al Arabi, Al-Sharq Al Awsat, Al-Hayat, etc. 

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Areas of Practice

Financial Services

Education

LLB (University of Jordan)
LLM (Cambridge University)
MSc. Econ (London School of Economics and Political Science)
PhD Law (London School of Economics and Political Science)

Memberships

Visiting Fellow, Harvard Law School, ILSP (March-May 2014)
Formerly, United Kingdom Home Office (London)
Former Part-Time Lecturer in Public International Law, LSE
International Director (Middle East), International Cambridge Symposium on Economic Crime, Jesus College (Cambridge University)
Regional Director of Research (Middle East), Centre for International Documentation on Organised and Economic Crime (CIDOEC), Jesus College (Cambridge
Senior Research Fellow, Institute of British Securities Laws
Fellow, Society of Advanced Legal Studies (IALS, University of London)
Visiting Research Fellow, London School of Commerce (London, UK)
Director of Studies, Doctoral Programme, London School of Commerce (London, UK)
Co-Director, LLM Programme in Islamic Financial & Business Law, BPP University (UK)
Director of the LLM Module in Islamic Business Law, BPP University (UK)
Lead Doctoral Supervisor, Greenwich School of Management, University of Wales (UK)
Chairman of the Committee on Child Abduction Trans-Jurisdictional Aspects Pertaining to the Middle East: Recommendations to UK Judges, convened by the
Author, Raising Capital on Arab Equity Markets: Legal and Juridical Aspects of Arab Securities Regulations (Kluwer Law International, 2012)