Insight Category: News
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...
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...