Insight Category: News
The Dubai Court of Cassation No 120 of 2024 (Commercial) has shed light on the applicable limitation period for contractual breaches, following the introduction of the new UAE Commercial Transactions Law No 50 of 2022 (the “22 CTL”)which came into effect in January 2023 and introduced shorter limitation periods compared to the previous UAE Commercial… Continue reading Limitation period to be applied will be the shorter of the periods prescribed between the old Commercial Transactions law and the new Commercial Transactions law...
In a recent judgment, the Dubai Court of Cassation sheds some light on the intersection between time bars for civil and criminal claims. In this case, the Claimant, a major construction Public Joint Stock Company, issued proceedings against the First Defendant, who was the Claimant’s Chief Executive Officer between 2008 and 2016 and another party.… Continue reading Time bar for an action arising from a harmful act is suspended for as long as the time bar for criminal case arising from such act has not lapsed...
BSA Ahmad Bin Hezeem & Associates LLP is thrilled to announce it has rebranded as BSA LAW effective immediately. This strategic change marks a significant milestone in the firm’s journey, reflecting its commitment to evolving with the dynamic legal landscape and reinforcing its position as a leading legal service provider. The rebrand encompasses a comprehensive… Continue reading BSA LAW has Launched...
Saudi Arabia is rapidly emerging as a key player in Artificial Intelligence (AI), with regional and international collaborations marking a significant step toward transforming its economic landscape in alignment with Vision 2030. This vision’s blueprint focuses on reducing Saudi Arabia’s reliance on oil and diversifying its economy. AI is playing a crucial role in this… Continue reading The Rise of AI in Saudi Arabia: Importance and Regulatory Framework...
The UAE has made significant improvements in combating financial crimes with the introduction of a new Federal Decree-Law, bringing vital updates to its Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and illegal organization financing frameworks. These changes underscore the UAE’s ongoing commitment to strengthening its legal and regulatory systems as global threats evolve.… Continue reading Explained: UAE introduces new Federal Decree-Law to combat financial crimes...
This article was originally published on the Finance Middle East. Saudi Arabia’s recent amendments to its Labor Law signify a substantial shift in the regulatory landscape, presenting both challenges and opportunities for businesses operating in the Kingdom. As the Ministry of Human Resources and Social Development (MHRSD) continues its modernization efforts, these changes are designed… Continue reading How will Saudi Arabia’s Labour Law amendments reshape business operations?...
Real estate broker’s register in the Emirate of Dubai is regulated by regulation No. 85/2006. Article 26 of said regulation stipulates that the brokerage agreement shall be registered in the real estate register, which created a controversy on the legal effect of non-registration of the agreement with the Dubai Land Department. The broker’s commission is… Continue reading Brokers Commission and the Registration of the Agreement with Dubai Land Department...
On 31 July 2024, under Federal Decree Law No. 9 of 2024, the UAE legislator replaced Articles 54 and 60 of Federal Decree Law No. 33 of 2021 regulating Labour Relations (the “Labour Law”) with new provisions. These amendments reflect significant enhancements in the dispute resolution process for small employment disputes, marking a shift in… Continue reading UAE Labour Law Amendments: Enhanced Penalties and Strengthened Employee Protections in 2024...
On Sunday 11th August, 2024, the UAE introduced a new Federal Decree-Law to amend provisions of the existing law on anti-money laundering. To explain the changes and highlight new committees, Lily Eid spoke to Arabian Business to answer a series of questions regarding the UAE’s AML Laws. 1) Can you explain the legal implications of the new… Continue reading UAE tightens anti-money laundering laws, forms new committees to fight financial crime...
Under Article 104 of the Interim Constitution of the United Arab Emirates (“UAE”), each emirate maintains its own independent judicial system, except for matters specifically assigned to the federal courts. For example, the judiciary in the Emirate of Dubai operates independently from both the federal judiciary and the local judiciaries of other emirates. All courts… Continue reading Resolving a Jurisdictional Conflict in the UAE...