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Event Name:PESA Middle East Regional Chapter Meeting
Description:This is a free event open to members and non-members.
 
Event Date:9/19/2019
Event Time:2:00 PM - 5:00 PM NWC
Location:Amwaj Rotana Jumeriah Beach- Dubai
The Walk - Al Sayorah St.
Dubai ,
UNITED ARAB EMIRATES

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Details:Join the PESA Middle East Regional Chapter for a meeting on September 19 with speakers addressing ADNOC’s In-Country Value Program (ICV)  and VAT inspection preparation and its impact on suppliers.

Attendees will have an opportunity to hear from the Middle East Chapter Chair, Dennis Jol, DistributionNOW and Vice Chair Ed Whitnell, MENA Operations Vice President & Managing Director, NOV, as well as guest speakers.


Registration
This is a free event open to members and non-members. 

Agenda
2 p.m.          Arrival and Networking - Conference in Sadaf Ballroom
2:15 p.m.     Open, Welcome and Safety Moment
2:20 p.m.     Presentations
                    Peter Whatley, Partner, Gulf Tax Accounting Group
                    Dr. Constantin Frank-Fahle, Senior Associate, SCHLÜTER GRAF Legal Consultants
                    Olga Labai, Director, Oil & Gas Consultants
                    Thomas Edelmann, Managing Director, Road Safety UAE
4:45 p.m.     Q&A 
5 p.m.          Adjourn
5 - 7 p.m.     Cocktail Reception in JB's Gastro Pub

 
Corporate Sponsor
Energy Alloys

 

Dr. Constantin Frank-Fahle, Senior Associate, SCHLÜTER GRAF Legal Consultants
Dr. Frank-Fahle is a senior lawyer at SCHLÜTER GRAF Legal Consultants (Dubai, UAE). Previously, he practiced law in Jakarta (Indonesia), Berlin and Munich (Germany) and Bangkok (Thailand). He advises companies on their legal and tax-related strategies with regard to localization programs (ICV, IKTVA, etc.) in the GCC. Dr. Frank-Fahle is a frequent conference speaker and author on topics such as localization programs, multi-jurisdictional disputes and commercial agencies disputes in the GCC. He also is a lecturer in international business law at the International School of Management (ISM, Cologne, Germany).

ADNOC’s In-Country Value Program – Making Sense of Localization in the Oil & Gas Sector in the UAE
ADNOC’s In-Country Value Program (ICV) was launched in April 2018. Significant changes were made to the program in September 2018, taking full effect on 1 November 2018. ICV has changed the supplier landscape and remains to have a significant impact on the interaction of suppliers and sub-suppliers. In this event, we will give a comprehensive overview of the ICV program and its impact on suppliers.

Olga Labai, Director, Oil and Gas Consultants - Contract Risk in Post-Macondo World 
This talk is to promote clarity and efficiency in commercial documentation within the global drilling community and foster a wider understanding of contracts and risk management.

Operators will frequently challenge the traditional risk allocation by imposing expanded liability on their contractors participating in oilfield activities, and regulators continue to shift from their traditional view that am operator/licensee should bear sole responsibility. Consequently, contractors are having to deal with significant adverse implications, which in turn is causing an effect on long term competitiveness and sustainability of the industry.

The presentation will cover legal analysis of the Macondo events, trends effecting traditional contractual risk allocation led by operators and how drilling contractors can respond to the “post-Macondo” position.


Peter Whatley, Partner, Gulf Tax Accounting Group - Are you ready for a VAT inspection?
As we enter into the second year following the introduction of VAT (Value Added Tax) in January 2018, it is inevitable that the Federal Tax Authority (FTA) will soon begin to perform VAT inspections on businesses. If you work for a VAT-registered business/organisation, you can expect a VAT inspection at some point in time, by officers from the FTA. Do not panic! VAT inspections are routine checks done by the tax authority to review your VAT records and confirm whether or not they are in compliance. As such, it is best to always be prepared to ensure your organisation is spared from penalties imposed by the FTA. Peter Whatley from Gulf Tax Accounting Group GTAG), will take you through a drill on what is involved in a typical VAT inspection process, so that you can take the necessary steps to help your organisation be prepared for a real inspection. This material will allow audience to be able to apply a sharper focus on VAT compliance requirements, to understand how to prepare for a VAT inspection, as well as the best way to interact with an FTA VAT inspector and recognise ways to evaluate your organisation’s current systems and processes, and rectify out-of-compliance areas.

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9/19/2019
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