Insight Category: News
UAE Insurance Authority Merger with Central Bank The UAE government released the following two federal decrees during the course of 2020, which operated to merge the (former) UAE Insurance Authority with the UAE Central Bank with effect from 2 January 2021 (the “Federal Decrees”): Federal Decree Laws No (24) of 2020 Regarding the Amendment of… Continue reading Insurance & Reinsurance Trends and Developments 2022...
To the average person, franchise and distribution agreements sound merely like some pie-in-the-sky commercial arrangement between parties. The prevalence and importance of franchise and distribution agreements is significantly underestimated – a casual stroll through almost any busy street or shopping centre in the UAE will show the result of a variety of franchise and/or distribution… Continue reading Franchise vs Distribution: What you need to know...
Last year the UAE announced some pretty landmark reforms to long-standing laws. These include the right for unmarried couples to conceive a child outside of wedlock, as long as the child is “acknowledged and will be cared for”. There were changes to cyberfraud laws, labour laws and an easing of bounced cheques laws. But perhaps… Continue reading What the big changes to drug rules really mean...
What is the Evernest scam? Evernest Holiday Homes Rental LLC recently conducted a scam in the UAE, resulting in AED30mn in fraudulent gains, impacting almost 500 property owners and tenants. The scam involved Evernest leasing properties from property owners and promising them high returns through rental income from sub-leasing the properties at higher-than-market rent. What… Continue reading The Evernest scam: What happens next?...
The press release says the raft of new laws and legislative amendments “are intended to keep pace with the developmental achievements of the UAE and reflect the country’s future aspirations”. They certainly represent a general tidying up to reflect global best practice and to keep pace with technological development – for instance, amendments to the… Continue reading The impact of the new UAE Laws on the creative sector...
2021 was an exciting year for the UAE: the market continued to see positive progress, the Dubai EXPO hosted visitors in their millions and the country topped the global ranking for women’s safety, amongst numerous other achievements. We were also delighted to see a full roster of new and updated laws and regulations published and… Continue reading 2021 in Review: The Legal and Regulatory changes impacting the UAE...
The 9% corporate tax that the UAE has announced is a positive from the point of view of government finances, but how will it affect the smaller companies in the UAE? Although this announcement has been met with hesitation, especially from small businesses, it is worth noting that the UAE has considered the position… Continue reading UAE Announces the Introduction of Corporate Tax...
BSA Bin Shabib, Al Rashdi & Al Barwani (BSA), and Zubair Small Enterprises Centre (Zubair SEC) will jointly hold a workshop and legal clinic on January 15, 2019. The legal clinic will offer free consultations for small and medium-sized enterprises (SMEs) operating in the Sultanate. Commenting on the initiative, Mundhir Al Barwani said, “Over the… Continue reading BSA in Collaboration With Zubair SEC to Hold Workshop and Legal Clinic For SMEs...
BSA Bin Shabib, Al Rashdi & Al Barwani (BSA), and Zubair Small Enterprises Centre (Zubair SEC) recently completed a workshop and legal clinic on January 15 at Bait Al Zubair. The legal clinic offered free consultations for a number of small and medium-sized enterprises (SMEs) operating in the Sultanate and saw the participation of 8… Continue reading BSA and Zubair SEC Successfully Concludes Legal Clinic and Workshop for SMEs...
Working breakfast with BSA Law Firm and the Dubai Chamber of Commerce and Industry Madrid, January 25, 2019, The United Arab Emirates, an eminently oil country, has been implementing a policy of economic diversification for two decades, thus allowing other sectors to thrive. In this sense, Spanish companies have established themselves as reference investors in… Continue reading Spanish Companies Look Towards The UAE For Expansion Opportunities...