Insight Category: News
In a recent judgment (Case No. 440 of 2024, Civil Arbitration), the Dubai Court of Cassation has confirmed the position on the enforceability of arbitration clauses embedded in general terms of insurance policies. This ruling highlights critical considerations for insurers, policyholders, and legal practitioners dealing with arbitration clauses in the UAE. Factual Background The dispute… Continue reading Dubai Court of Cassation Ruling Nullifies Arbitration Clauses within UAE Insurance Policies...
This is also published in British Chamber of Commerce Dubai As 2024 has come to an end, the UAE has seen numerous changes to its legal provisions in the way of new laws and amendments to existing provisions. These changes have either been implemented in 2024 or became effective as of 1 January 2025. BSA Law… Continue reading UAE legal milestones 2024-2025: Key reforms and their impact on business and governance...
This was originally published in Arabian Business. 1. What are the current licensing requirements for virtual asset trading in Dubai? The licensing of virtual asset activities in Dubai is governed by the Virtual Assets Framework (“VA Framework”) introduced by the Dubai Virtual Assets Regulatory Authority (“VARA”). Under Dubai Law No. 4 of 2022 (the “Virtual… Continue reading Trading crypto in Dubai? What you need to know about the latest court ruling...
This was originally published in British Chamber of Commerce Dubai The Gulf Cooperation Council (“GCC”) countries, traditionally known for their low-tax environments, have undergone significant transformations in their tax regimes over the past years. Historically reliant on oil revenues to sustain their economies, GCC nations have maintained minimal taxation systems for decades. However, declining oil… Continue reading Evolving tax landscapes in the GCC: Key developments and strategic implications for 2025...
This is originally published in International Comparative Legal Guides (ICLG) 1 Overview 1.1 Please briefly describe the: (a) telecoms, including internet; and (b) audio-visual media distribution sectors in your jurisdiction, in particular by reference to each sector’s: (i) annual revenue; and (ii) 3–5 most significant market participants. As of 2025, Saudi Arabia’s telecommunications and audio-visual… Continue reading KSA: Telecoms, media and internet 2025 – ICLG 18th edition...
The Dubai International Financial Centre (“DIFC”) has announced pivotal amendments to its civil and commercial laws, including the Application Law, which governs the interpretation and application of its legal framework. These changes, effective from November 21, 2024, aim to provide legal clarity and reinforce the DIFC’s position as a leading international common law jurisdiction. Strengthening… Continue reading DIFC Announces Amendments to Civil and Commercial Laws to Enhance Legal Clarity and Business Appeal...
This was originally published in Arabian Business The United Arab Emirates (UAE) VAT Executive Regulations have been amended, with changes effective from 15 November 2024. These updates bring significant implications for businesses across industries, with a particularly notable impact on the financial services sector. This update is designed to enhance regulatory clarity, address emerging challenges… Continue reading Major changes to UAE’s VAT rules impact fund managers and virtual asset traders – All you need to know...