Insight Category: News
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...
Senior Associate Tyne Hugo recently spoke with Gulf News regarding the implementation of Corporate Tax in the UAE and how to prepare for it. Corporate tax will be implemented in the UAE from June 1, 2023 at a rate of 9 per cent on all annual taxable income above Dh375,000 and is governed by Federal… Continue reading Corporate Tax in the UAE: Staying prepared...
The continuous emergence of the Emirati legislator’s intent to keep pace with all the changes and developments witnessed globally, particularly in the judicial domain, reflects the UAE’s commitment to constantly improve the legislative framework governing judicial relations and existing disputes before the courts. This commitment ensures the protection of individuals’ rights, the reduction of pending… Continue reading An overview of updates to the UAE Evidence Law...
“Pacta sunt servanda,” which means “agreements must be kept,” is a fundamental principle of law in both common and civil jurisdictions. This principle indicates that agreements should be binding for the signatory parties and executed in good faith. When a party fails to comply with its contractual obligations or acts in bad faith toward the… Continue reading Disciplinary action and Arbitrary Dismissal in the UAE...
Munir Suboh and Felicity Hammond of the BSA Intellectual Property team recently spoke with Arabian Business regarding artificial intelligence (AI), answering the following questions: How would you describe the current state of intellectual property rights in relation to generative AI and its impact on AI-generated content? Does generative AI have an intellectual property problem? Generative AI… Continue reading Generative AI has an intellectual property problem, here’s why...
The recent news of Financial Times Stock Exchange (“FTSE”) 100 companies failing on credible climate transition plan has wider implications in the context of the current environmental, social and corporate governance (“ESG”) reporting landscape in the MENA region. This raises questions about how large firms and companies in the region compare regarding credible transition plans.… Continue reading Unveiling the Green Facade: Comparing FTSE100s and MENA’s progress in climate transition planning...
Human egg freezing (mature oocyte cryopreservation) is a medical procedure that has become increasingly popular worldwide over recent years. Individuals choose to freeze their eggs for numerous reasons including medical, social reasons or for career advancement. However, in countries such as the United Arab Emirates (UAE), the legality of human egg freezing has been a… Continue reading Egg freezing in the UAE: Law reforms and changing attitudes...
Introduction In the ongoing transformation journey under Vision 2030, the Kingdom of Saudi Arabia has strategically decided to move regional offices of international companies to the Kingdom. This major move has brought a significant influx of foreign executives and employees, thus posing a thought-provoking query regarding foreign ownership of real estate in Saudi Arabia. Until… Continue reading Foreign Ownership of Real Estate in Saudi Arabia: The Freehold Boom...
The United Arab Emirates (UAE) is one of the fastest growing economies in the world, and healthcare is one of the main areas of investment for the UAE government. The UAE has been investing significantly in cutting-edge healthcare technologies, such as artificial intelligence (AI), to enhance the patient experience and reduce operational costs. AI is… Continue reading Implications of Artificial Intelligence for the Health Insurance Sector...