Insight Category: News
With the increasing responsibilities and obligations given to board members and with the growing attention on the discharge of directors duties and liabilities, corporate entities are in need of corporate secretarial support. Company secretaries act as governance professionals, critical to the running of a company and ensuring that the various compliance obligations are met. With… Continue reading BSA is Now Offering Company Secretary Services...
The UAE Insurance Authority (‘IA’) has now promulgated and issued the ‘Cabinet Resolution No 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority’ (‘the Resolution’), which was issued by His Highness Mohammed Bin Rashid Al Makhtoum, the Prime Minister of UAE on 6 January 2019, followed by its publication on the IA’s… Continue reading Regulatory Alert: UAE Insurance Authority Issues List of Administrative Fines...
The IDEX conference just concluded last week in Abu Dhabi demonstrated the intertwining nature of the threats that the world currently faces in dealing with malevolent actors, as well as the resilient manner in which government and industry have developed countermeasures to deal with this ever-increasing threat spectrum. Similarly, with increasing danger comes opportunity, and… Continue reading Legal Considerations In An Increasingly Diverse Defence Market...
Dubai Chamber of Commerce and Industry recently organised a workshop in collaboration with BSA Ahmad Bin Hezeem & Associates LLP which provided valuable information about the UAE Bankruptcy Law and its impact on both debtors and creditors in the country. The sessions led by BSA Ahmad Bin Hezeem & Associates LLP, briefed participants on various… Continue reading BSA & Dubai Chamber Host Bankruptcy Workshop...
With a population that grew by 8% between 2014 and 2015, demand for financial, tourism, hospitality and manufacturing services are rapidly developing as Oman’s government moves towards its Vision for Oman’s Economy (Oman 2020), including the national programme for enhancing economic diversification. Attracting foreign investment is a major part of Oman’s drive to achieve such… Continue reading Potential 100% Ownership for Business Investors in Oman...
Healthcare Federal Law No.2 of 2019 – Using IT and Telecommunications in the Healthcare Sector The United Arab Emirates Government Promulgate Federal Law No.2 of 2019 – Using IT and Telecommunications in the Healthcare Sector (“the Law”), which for the first time regulates healthcare data processed, controlled, transferred and stored electronically. The Law contains 22… Continue reading UAE Legal Update – Regulatory Alert Healthcare...
A new chapter for thousands of visa violators in the UAE The UAE government introduced the amnesty program which allows illegal residents in the United Arab Emirates (“UAE”) to regularize their status or leave the country without facing fines or legal ramifications. This program’s moto is “Protect Yourself by Modifying Your Status” and will run… Continue reading Protect Yourself by Modifying Your Status’...
The President of UAE passed a law amendment number 2 of 2018 on UAE Cybercrime law to amend the sanctions under articles 26, 28 and 42 of the said law (“Cybercrime New Amendment”). The Cybercrime New Amendment was published on August 13, 2018 and increases the range of imposed sanctions against violators. It also introduces… Continue reading Cybercrime New Amendment Law in the UAE...
The Abu Dhabi Department of Economic Development (ADED) announced on Saturday 15th September 2018 the launch of the first phase of its Dual Licenses Initiative (DLI). The initiative enables companies operating offshore in the Emirate’s free zones to carry out their commercial activities onshore in Abu Dhabi, Al Ain and Al Dhafra regions. WHAT ARE… Continue reading Abu Dhabi: The New Dual Licenses Initiative...
Effective as at 1st October 2018, the Insurance Distribution Directive ((EU) 2016/97) (IDD) [1], (Insurance Distribution Directive (IDD)) and its statutory provisions will apply to all EU distributors of insurance products and replaces the Insurance Mediation Directive (2002/91/EC) (IMD) [2]. The IDD provides wider application in terms of extending compliance of the rules to insurance… Continue reading Insurance Distribution in Europe & widers Implications for the Middle East...