Insight Category: News
BSA was pleased to launch a new, and first of its kind, UAE Law Precedent Book at the World Litigation Forum 2023, in partnership with SADER as a special edition of their Courts Series. This Precedent Book covers a case file history from the Court of First Instance through to the Court of Cassation in… Continue reading BSA launches first of it’s kind UAE Law Precedent Book...
Senior associate, Tyne Hugo, recently spoke with ESG Mena on the topic of ‘Taxation in the UAE and the impact on Environment, Social and Governance’. Read the full article below and on the ESG Mena website: Abidance by ESG principles key for companies survival. Whilst in the past, companies were mainly concerned with profit and… Continue reading Abidance by ESG principles key for companies’ survival...
The DIFC’s Digital Economy Court paves the way for the resolution of emerging disputes with a new set of specialised rules that seamlessly blend expertise and technology. William Prasifka elaborates on this for The Oath Magazine. The new ‘Part 58’ of the DIFC Courts Rules will facilitate resolution of digital economy disputes in an efficient… Continue reading The Court of the Future: The DIFC’s Digital Economy Court...
Senior associate Michèle El Khoury examines recently introduced reforms to real estate investment funds in Dubai, for Global Restructuring Review, which she says aim to strengthen the jurisdiction’s position as a destination for foreign capital, including by protecting the rights of overseas investors when REIFs are faced with bankruptcy. REIFs are currently a topic on… Continue reading Foreign investors to benefit from Dubai’s REIF reforms...
The growing concern for transparency and need for reporting indicates a stronger mission to combat Money Laundering activities. Today, regulators in every part of the world are preoccupied with developing frameworks and procedures to uncover illicit funds. Their position has drastically moved from a reactive to a proactive one reflected through the issuance of various… Continue reading AML And RegTech In The UAE...
The factors that contributed to the collapse of Silicon Valley Bank were complicated and varied. Certain professionals have identified the bank’s excessive dependence on the technology industry as a key vulnerability, rendering it more susceptible to market volatility and economic recession. Others have opined that the bank’s lending practices were excessively aggressive, resulting in a… Continue reading SVB’s Collapse: Implications for FinTech Startups in the Middle East...
If they are heavily amended, are they FIDIC contracts any longer? Antonios Dimitracopoulos, FCIArb, Partner, BSA Ahmad Bin Hezeem & Associates LLP, writes a bi-monthly column for Climate Control Middle East on legal affairs pertaining to the construction industry. THE TREND It is often the case that construction contracts in the UAE are largely based on… Continue reading FIDIC any longer?...
Promissory notes are an important part of financing transactions in the Kingdom of Saudi Arabia as it is a relatively simple, easy to understand, easy to transfer through an endorsement and fast to enforce. The Commercial Papers Law issued by Royal Decree number 37 dated 11/10/1383H (corresponding to 24/02/1964G) (“Commercial Papers Law”) regulates the issuance… Continue reading Electronic Promissory Notes in KSA: The Nafith Platform...
In this article, we explore some of the opportunities that the metaverse presents for the delivery of healthcare to patients. As the underlying technology develops, the way that patient data is generated and manipulated will inevitably see some significant changes. For providers, this means that there are some potentially important legal implications that should be… Continue reading Healthcare, the Metaverse and UAE Health Data Law...
Healthcare is one of the most important service sectors in the UAE. In this article, we look at the growing medical tourism industry in the country and across the region. With increasing numbers of people travelling internationally for healthcare services, we will focus on the importance of insurance in managing risk for individuals seeking treatment,… Continue reading The Medical Tourism boom and the role of Insurance for both Patients and Providers...