Insight Category: News
Resolution No 34/2019 – For the Issue of Unified Healthcare Insurance Policy Form Introduction The Health insurance market embraces itself for another mandated health insurance law in the Sultanate of Oman. Residents in Oman will be required to have in place a minimum level of medical insurance coverage with minimum benefits pursuant to the prescribed… Continue reading Oman – Mandatory Health Insurance is on its way...
The Saudi Arabian General Investment Authority (SAGIA), the authority for attracting, developing and enhancing international investment in Saudi Arabia, accompanied UAE-based law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA) in hosting a series of business seminars in the United Kingdom and Ireland, to highlight key investment opportunities in Saudi Arabia. Titled ‘Doing Business… Continue reading BSA and SAGIA Promote Foreign Investment in Saudi Arabia Throughout the UK and Ireland...
UAE-based law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA) was awarded Regional Law Firm of the Year 2019 at the prestigious ACC Middle East Legal Awards. The elite of the Middle East’s legal community gathered in Dubai to celebrate the Middle East Legal Awards. Having achieved a number of key milestones over the… Continue reading BSA Wins Regional Law Firm Of The Year At The ACC Middle East Legal Awards...
Among such extensive reforms is the issuance of the new Anti-Fronting Law or Anti-Concealment Law, promulgated under Royal Decree No. M4/1441, Cabinet Decision No. 785/1441, (the “Anti-Concealment Law“) which replaced the old Anti-Concealment Law No. M/22 dated 4/5/1425H, followed by its Implementing Regulations, issued under the Ministerial Decision No. 00479/1442, (the “Implementing Regulations“). The Anti-Concealment… Continue reading The New Anti-Concealment Law in Saudi Arabia...
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...