Insight Category: News
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?...
The following article provides a useful guide to the various types of funds within the UAE. I. FREE ZONE FUNDS Foreign investors interested in creating an investment fund in the UAE can choose between two free zones the Dubai International Financial Centre (the “DIFC”) located in the Emirate of Dubai and regulated by the Dubai Financial… Continue reading Types of funds in the UAE...
The UAE’s Crypto Industry’s Exponential Growth Leading to an Increase of Cryptocurrency-Related Scams: How to Detect and Avoid them It has become increasingly clear that the UAE has recognized the tremendous potential of cryptocurrency and blockchain technologies and is set to become a hyper-connected city and an ever-evolving business hub. One of the consequences of… Continue reading The rise of crypto scams in the UAE and how to secure your crypto transactions...
The ongoing legal battles surrounding the NMC Healthcare, the largest private healthcare provider in the United Arab Emirates (UAE), has been a big learning curve for how businesses manage their financial records and how banks carry out due diligence, while the eventual outcome will put in place an important set of new legal precedents, BSA… Continue reading NMC scandal is watershed moment for UAE businesses...