Insight Category: News
The implementation of corporate tax in the UAE is imminent and effective starting 1st June 2023. Federal corporate tax has been implemented in the UAE in an effort to advance the nation’s standing as a premier global centre for trade and investment as well as quicken the strategic goal of growth and transformation. In the… Continue reading UAE SME’s brace for new Corporate Tax Law...
Lawyer, positive-thinker and all-round go-getter, Nadia El Tannir is tackling all of life’s big issues head on and always with a big heart in this Raemona Magazine feature. NAME: Nadia El Tannir AGE: 30 years old JOB TITLE: Senior Associate at BSA Ahmad Bin Hezeem & Associates LLP A practicing lawyer for eight years, Nadia… Continue reading Raemona Magazine: Life Lessons – Nadia El Tannir...
The following article, written and published by ESG Mena features comments on greenwashing by BSA senior associate Robert Mitchley. As companies worldwide trumpet their ESG credentials and pledge net zero, many are failing to make good on their promises. Corporate greenwashing is rife, and it’s fuelling climate change with companies continuing to put profit before… Continue reading Turning the tide on greenwashing in 2023...
Over the past two years, the UAE Central Bank (“CBUAE”) has been actively working on issuing updated circulars to address the growing concerns and challenges relating to money laundering, financing of terrorism and sanctions. This is part of the overall approach the CBUAE is adopting as part of their ongoing efforts to protect the integrity… Continue reading New CBUAE guidance for licensed financial institutions...
Introduction As the UAE continues to attract entrepreneurs and foreign investment we expect to see a steep rise of start-ups in the near future. Crucial to a start-up are well organized and documented internal governance documents. Thus, beyond the start-up ensuring that they are in compliance with all applicable laws and regulations, and have in… Continue reading Business start-ups: Why you should have a SHA...
The following article, originally written for and published by Global Legal Insights, covers 2022 FinTech Laws and Regulations in the UAE. Approaches and developments The United Arab Emirates (“UAE”) continues to maintain its position as the leader in financial technology (“FinTech”) in the Middle East. This position is maintained with the help of supportive governmental… Continue reading GLI: UAE FinTech Chapter 2022...
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...