Insight Category: News
An overview of the Federal Narcotics and Psychotropic Substances Control Law Promulgated by Federal Decree-Law No. 30 of 2021. Recently the law regarding narcotic drugs and psychotropic substances has been updated, this is in light of legislative developments pursued by the UAE legislator in developing several laws within the country. There have been misinterpretations made… Continue reading The Federal Narcotics and Psychotropic Substances Control Law and deportation...
On the back of Electric Vehicle Innovation Summit (EVIS), the Abu Dhabi Department of Energy (DoE) announced on Wednesday May 25th the introduction of a new regulatory policy for Electric Vehicle (EV) charging infrastructure in the emirate. This is a substantial step forward towards the goal of meeting the UAE’s ‘Net-Zero by 2050’ strategic initiative… Continue reading The Greener Future of EVs...
On Thursday May 26th, BSA Ahmad Bin Hezeem & Associates (BSA), in partnership with United Insurance Brokers (UIB), hosted a workshop on ‘Mitigating Risks and Increasing Returns in M&A: How Insurance Provides Both’. Held in BSA’s award-winning DIFC offices, the event was delivered in two parts, the first being an interactive panel discussion, where Simon… Continue reading BSA event: Mitigating Risks and Increasing Returns in M&A...
On 24 May 2022 his Excellency Dr Abdulrahman Abdulmannan Al Anwar, the Minister of Human Resources announced Cabinet Resolution No 18 of 2022 (“the Resolution”), which is effective from 1 June 2022. The announcement incentivizes private companies to comply with the terms of Federal Decree Law No 33/2021, all executive regulations and decisions issued by… Continue reading The UAE’s new classification for private companies...
More than ever, crypto-investors in UAE need awareness and defense against scams. Michael Kortbawi speaks to Gulf News on how to avoid crypto-scams. It has become clear that the UAE has recognised the tremendous potential of cryptocurrency and blockchain technologies, and is set to be a hyper-connected city as well as an ever-evolving business hub.… Continue reading UAE empowers crypto investors in fight against scammers...
Finding the perfect home is one of the most important decisions for anyone, but so is having the right landlord. So, if you want to find out whether there are any active or past rental cases against him or her, you can do so by requesting for a Rental Good Conduct (RGC) Certificate from the… Continue reading Rental Good Conduct Certificate: What you need to know...
Employee welfare and rights have always been a top priority for UAE legislators. This has been the case since the implementation of the UAE Labour Law, which has seen several amendments and finally a repeal. Specifically, legislators have consistently ensured that the employees’ entitlements and benefits sought from the employer, take priority over other creditors… Continue reading Employees face the possibility of losing priority over their entitlements...
A criminal complaint takes precedence over a civil claim or “Le criminel tient le civil en l’état”, is a legal principle with origins in the French Penal Procedures Law, which is commonly applicable in most countries following a civil law system. This principle aims to stay civil proceedings until a final and enforceable judgment is… Continue reading Bankruptcy limitation on criminal complaints...
The UAE business community has been attempting to prepare for the introduction of the country’s new labour law on Wednesday, but there has been uncertainty regarding how it will impact the number of annual leave days that employees are entitled to, with some suggesting that the new law represents an increase in time off. However,… Continue reading Here is how the new UAE Labour Law will affect annual leave...
Jimmy Haoula explains, to Khaleej Times, that one of the key attributes of the new law is the prevention of the sale of shares or dividends of family-owned businesses to individuals or companies outside the family. “In order to do so, prior approval from family members is now required before any shareholder can sell an equity… Continue reading How UAE’s new family business ownership law protects against ‘hostile situations’...