Insight Category: News
The following article was originally written for and published in Middle East Insurance Review. Introduction Insurance distribution in the Middle East has traditionally been procured through the insurance intermediary markets, such as brokers and insurance agents despite the fast-growing alternative distribution channels available to insurance providers. Bancassurance is one of the fastest growing distribution channels… Continue reading Bancassurance – The legal landscape in the Middle East – Future distribution channels...
This chapter forms part of the Anti-counterfeiting Law Over Borders Comparative Guide 2022. The Law Over Borders comparative guides provide essential information on law and legal practice across the world in an easy-to-use digital format that allows readers to quickly compare the legal frameworks of different jurisdictions. Anti-counterfeiting is a practical and comprehensive guide providing answers… Continue reading Global Legal Post: UAE Anti-Counterfeiting Guide...
UAE-based Amanat Holdings, a healthcare and education investment company, has recently received approval to raise the cap on foreign ownership of the company’s shares from 49% to 100%. The company obtained the necessary approvals from the Securities and Commodities Authority (SCA), it said in a bourse filing on the Dubai Financial Market (DFM). The amendment… Continue reading Raising ownership of UAE company shares to 100%: Rewards and risks...
The legal lowdown on rental increases and maintenance fees Rent in Dubai is on the rise, however as a tenant in Dubai you don’t have to just sit back and go with the flow when it comes to rental hikes. There are legal limits on how much rent can be raised. So how much can… Continue reading Renting in Dubai: Tenants’ rights...
The United Arab Emirates’ new unemployment insurance scheme came into force last week, offering a safety net for expatriate residents and citizens who find themselves out of work. Originally announced in May, the program was launched as part of reforms aimed at attracting more talent and investment into the country. In the following article, partner… Continue reading Everything you need to know about the UAE’s new employment insurance scheme...
The following update provides an overview of Federal Decree-Law No. 14/2022 concerning amending some provisions of Federal Decree-Law No. 33/2021 regarding the regulation of labour relations. The UAE government has recently updated Clause (3) of Article (8) of the Federal Decree-Law No. 33/2021, Regulating Labor Relations (the Labour Law), by issuing Federal Decree-Law No. 14/2022… Continue reading Overview of Federal Decree-Law No.14/2022...
Introduction In a recent arbitration case, which concerned a real estate project; a real estate developer company incorporated in the UAE (the “Real Estate Company”) was the successful party in a dispute concerning an assignment under the relevant contract. The claim was filed against the Real Estate Company by an individual, in his capacity as… Continue reading Arbitration Case Focus: Real Estate Project...
Federal Law No. 2 of 2015 on Commercial Companies (“CCL 2015”) introduced numerous provisions regarding record keeping and reporting and, as we all know, there was a reason behind this; following the implementation of CCL 2015, VAT was introduced in 2018, and corporate tax is being introduced in June 2023. If it was evident from… Continue reading 2021 Commercial Companies Law – infusing flexibility and growth into Public Joint Stock Companies...
The Saudi Arabian Vision 2030 is predicated on the development and diversification of the economy of the Kingdom of Saudi Arabia (Saudi Arabia). To realise Vision 2030, the Saudi Arabian government is relentlessly working to improve the country’s socio-economic environment and expand economic opportunities to all citizens, including women. As part of Saudi Vision 2030… Continue reading The KSA Regional Headquarters (RHQ) Program...
The Gulf News reader said: “I was previously a domestic worker. After leaving that job, I started working as a messenger at an office. After four months of work at the company, my boss’s relative assigned me a personal task – to drop and pick up a family member from Abu Dhabi. We agreed that… Continue reading UAE Labour Law: Can an employee withdraw their resignation after filing it?...