Insight Category: News
The Future of Finance for SMEs In recent years, the governments of the Gulf Cooperation Council (GCC) have moved to reduce their reliance on hydrocarbons, designing ambitious strategic plans to develop into innovation-led economies within a 15- to 30-year horizon. One aspect of these policies has been to promote technology-backed and data-driven industries, particularly in… Continue reading SME 10x: The Future of Finance for SMEs...
Have SPAC listings hit ‘the wall’? SPACs, or special purpose acquisition companies, have been the subject of a drastic surge where they emerged as the preferred route for public fund-raising in 2020. However, equally suddenly, SPACs witnessed a sharp decline in Q2 2021, as indicated by the graph[1] below: Figure 1: Sharp decline or marginal… Continue reading Have SPAC listings hit ‘the wall’?...
At the recent COP26 summit in Glasgow, India made the twin commitment of reaching net-zero emissions by 2070, and to procure 50% of its energy requirements from clean and renewable energy sources within this decade. These are remarkable commitments from a country which is home to 1.4 billion people and is the 3rd largest emitter… Continue reading India renews its Green pledge with a commitment to triple Renewable Energy generation by 2030...
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...