Insight Category: News
On the 2nd of January 2022 the Federal Decree-Law No. 14/2020 will come into force, however, and similar to all new laws and regulations, it will be necessary to see how the relevant court will implement its provisions in order to understand the different aspects which are governed by the said Federal Decree-Law. One important… Continue reading Latest amendments in relation to bounced cheques in the UAE...
We are extremely proud to announce that BSA Al Rashdi and Al Barwani has won Law Firm of the Year – Oman at the recent Oath Legal Awards ceremony, hosted in Dubai, UAE. When awarding BSA, the judges took into consideration our impressive flagship deals from the past 12 months, including the following: Acted on… Continue reading Oman Firm of the Year: The Oath Legal Awards...
The UAE witnessed recently the largest legislative reform in the history of the UAE by enacting more than 40 different decree laws and amendments in 2021. Following to the new Industrial Property Law published earlier in May 2021, the two most recent IP laws were enacted are: The Federal Decree Law (36 of 2021) in… Continue reading Modernized System of Intellectual Property Protection in the UAE...
In 2021, there were changes of laws and a new set of regulations enacted in the UAE. We also saw major developments in Government practice and procedures. For instance, the UAE trademark office started to apply a new set of procedures, entered into the Madrid Protocol and also made some major developments in regard to… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting Intellectual Property in the UAE...
A major headline in 2021 was the entry of the mammoth construction firm Arabtec Holding and its subsidiaries into insolvency under the UAE Bankruptcy Law (Federal Law no. 9 of 2016, as amended). As the market’s leading construction company, Arabtec’s decision to apply for Bankruptcy protection and the Court’s subsequent acceptance of the application sent… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting Bankruptcy and Insolvency in the UAE...
Throughout 2021, the UAE continues to maintain its title as the leader of FinTech in the Middle East. In fact, it has become, in the last couple of years, a popular jurisdiction in the GCC to various FinTech businesses. While Fintech comprises a broad range of activities, we note that some specific categories are currently… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting FinTech in the UAE...
The main legal and regulatory change impacted businesses across all sectors in the UAE in 2021, is the update to the Commercial Companies Law. On 20 September 2021, the UAE issued New Federal Decree – Law No 32/2021 on Commercial Companies (the “New CCL”) which replaced the previous draft issued under Federal Decree – Law… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting Commercial Companies in the UAE...
2021 was a further year of innovation for the insurance sector. A major regulatory change came into force in January 2021 through Federal Decree Laws No. (24) and (25) of 2020, which operated to merge the (former) UAE Insurance Authority with the UAE Central Bank. The effect of these Decrees was to transfer the regulation… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting Insurance This Year...
It is without a doubt that the pandemic had a significant economic impact globally, impacting businesses in many ways, which led to the perhaps inevitable rise in employment cases. We have witnessed queries from employers about their right to terminate employees immediately due to the financial distress sustained by the company, employees enquiring about their… Continue reading 2021 in Review: The Legal & Regulatory Changes Impacting Employment in the UAE...
This month Bin Shabib & Associates (BSA) LLP supported the French Business Council Dubai and Northern Emirates, in hosting a cocktail reception at the Divan hotel in Erbil. The reception was attended by representatives from several French companies looking to invest in Kurdistan, government officials, Regulator of Insurance Authority, the French Embassy, the President of… Continue reading Supporting the French Business Council in Erbil, Iraq....