Watershed Legal Services Blog

#LDNSomalia: On Cynicism, Social Media and the London Conference

Today many of the world leaders came together to speak about Somalia. The focused attention should continue the iterations towards a peaceful and sustainable future for the Somali region. Click through for more on our take.

An Annotated Reading of Chatham House’s Report on Somalia’s Sub-National Entities

For a while now I have been hoping to start an annotated readings series, I hope you enjoy this small departure. The first presentation is a Meeting Report from a Chatham House meeting last sumemr of various Somali diaspora and policy makers to discuss the follow-on actions when the TFG’s mandate expires in August of 2012. The report is a VERY good report and we have the highest regard for the work Chatham House is doing on Somalia. Please let us know if you like or dislike this annotated readings and if you have any ideas for improving that would be helpful. 

Role of Regulatory Framework in Financial Sector Development

Affaires Plus by Kelly Schykulski @ Flickr

This entry speaks to the necessity of a strong regulatory framework and highlights some of the major decision points we stress that Members of Parliament should be keeping in mind when they debate this legislation which is on the agenda for the upcoming sessions in the House of Representatives. In particular, this article layout a framework for the guiding principles in the regulation of financial institutions and some of the problems the oversight of these institutions is designed to address.

On the Somali Pirates: They are Human, but They Must be Dealt With

A visit, board, search and seizure team assigned to USS Anzio by Official U.S. Navy Imagery @ flickr

Beginning to give our thoughts on how the Somali piracy could be address, this entry begins the discussion. Please click through and add your voice to the discussion.

Islamic Finance: The Way Ahead for Somaliland? (Part 3: Islamic Offshore Banking)

Islamic Bank by Kojach @ Flickr

This is the third in a series of posts on Islamic Finance which we hope will prove helpful as the Somaliland Parliament begins seriously debating a new Banking Act. Continuing our series on Islamic Banking, Mr. Abdulaziz speaks about the advantages and disadvantages about opening your financial sector to external individuals and creating a market for offshore banking.

Islamic Finance: The Way Ahead for Somaliland? (Part 2: Instruments)

Islamic Bank by Kojach @ Flickr

This is the second in a series of posts on Islamic Finance which we hope will prove helpful as the Somaliland Parliament begins seriously debating a new Banking Act. Continuing our series on Islamic Banking, Mr. Abdulaziz defines the various types of Islamic finance instruments which are authorized by the Ulema councils and / or the Islamic Finance councils in most countries. To be clear, none of these instruments have been authorized in Somaliland as of now.

Somaliland Energy Law: Why Somaliland Needs a National Legal Framework

Energy III by Reveuse03 @ Flickr

In which Watershed Partner, Hassan Farah Mohamed, speaks about the recently drafted and soon to be sent to Parliament Somaliland Energy Law.

On Power: A Framework for Thinking About the Power of Governing Entities

In this entry, we develop a relatiively straight-forward framework for thinking about the power of a particular governing entity. By working through our four question framework it will prove much easier to determine the power of a given entity.

Islamic Finance: The Way Ahead for Somaliland? (Part 1: Introduction)

Islamic Bank by Kojach @ Flickr

This is the first in a series of posts on Islamic Finance which we hope will prove helpful as the Somaliland Parliament begins seriously debating a new Banking Act. Harmonizing the financial instruments which the Quran authorizes with the modern globalized financial world is not as difficult as some might think. The differences between the systems are present, but are not drastic. Please click through for the beginning of our discussion of Islamic Finance in the modern world.

Here is the Advert About Watershed at the Hargeisa Business Fair

The business fair took place earlier this week and was a gigantic success. Our deepest respect and admiration for the organizers of this event. Watershed participated in the event as the only law firm in Somaliland to do so. We had a booth and numerous informational brochures click through to see more.