Insight Category: News
BSA acted for the DIFC Court of Appeal respondents in Sandra Holdings v Saleh and Others, a recent case where the DIFC Court of Appeal has handed down a landmark judgment in favour of the respondents. This has definitively clarified the limits of the DIFC Court’s jurisdiction to grant worldwide freezing orders to claimants in… Continue reading Limits of the DIFC Court’s jurisdiction to grant worldwide freezing orders clarified...
To regulate a fair relationship between property owners and tenants in the Emirate of Dubai while preserving the rights of each party, Law No. 26 of 2007, as amended by Law No. 33 of 2008, specified exclusive cases in which the landlord is allowed to reclaim the leased property and terminate the lease relationship by… Continue reading Are eviction notices issued by previous landlords still valid following a transfer of property ownership?...
The issue of territorial jurisdiction relates to public order and impacts all disputes as courts must address this issue even if neither of the parties raise it. The provisions in Article 30 of Law No. 3 of 2002 regarding the establishment of the Dubai International Financial Centre (DIFC), Article 3/3 of DIFC Law No. 14… Continue reading Jurisdiction of the DIFC Courts...
Comment les EAU ont réussi à diversifier leur économie, à établir le DIFC et l’ADGM en tant que principaux centres financiers de la région et à booster leur secteur touristique à hauteur de 9% du PIB en 2022, avec une augmentation jusqu’à 15% d’ici 2031 ! Grâce à sa volonté et à son avant-gardisme, le… Continue reading Dubai : La Plateforme Incontestable des Affaires et de l’Investissement au Moyen Orient...
Recently, the General Authority of Dubai Court of Cassation issued a new legal principle under its Decision no. 4 of 2023 (“Decision”) concerning the issuance of orders to arrest and bring an individual debtor before an execution judge during coercive execution proceedings to settle the owed debt. Prior to this new principle, Execution Courts in… Continue reading Arrest Warrants: Restrictions while executing against individual debtors...
In an AB Majlis Podcast Rima Mrad, candidly shares her experiences and challenges as a woman in a male-dominated industry. “There is a presumption that women are not necessarily looking for leadership,” Rima told Arabian Business on the latest episode of AB Majlis. When asked about her perspective on leadership, she eloquently stated, “I think… Continue reading AB Majlis Podcast: Navigating leadership as a woman in a male dominated industry...
Written for the Oath Magazine, the following case focus provides commentary on the high profile cross-border legal feud between Astalia Investment Limited and Octavia Limited. International law outlines the criteria for being a sovereign state and emphasises features such as a permanent population, defined territory, an independent government, and the capacity to engage in international… Continue reading Case Focus: Astalia vs Octavia...
1. Introduction The United Arab Emirates (“UAE”) took a significant step forward on 9 December 2022 with the release of the Federal Decree-Law no. 47 of 2022 on ‘the Taxation of Corporations and Businesses’ (the “Corporate Tax Law”). This legislation, which became effective on 25 October 2022 and applicable to Taxable Persons (as defined below)… Continue reading Dividends under UAE Corporate Tax Law...
Saudi Arabia’s ambitious Vision 2030 continues to unfold, with the Regional Headquarters (RHQ) Program playing a pivotal role in reshaping the Kingdom’s business environment. The introduction of a 30-year tax exemption for multinational companies establishing regional headquarters in Riyadh marks a significant step in the Kingdom’s commitment to becoming a central business hub. Insights from… Continue reading Vision 2030 and the RHQ Program: Navigating New Opportunities and Exemptions for Multinational Corporations in Saudi Arabia...
In this article, we will explore the potential for Value Based Contracting (VBC) in healthcare in the United Arab Emirates and how it can help improve outcomes for patients. Value based contracting (VBC) is a payment model that is used in the healthcare industry to improve the quality and value of care provided to patients.… Continue reading Value Based Contracting in Healthcare...