Insight Category: News
The following article was originally published for BSA on Zawya. OPINION The Dubai International Financial Centre (“DIFC”) has supplemented the establishment of its own Intellectual Property (“IP”) Law with newly published IP Regulations, effective from 5 July 2021. The DIFC first implemented its own IP Law back in 2019 and has since had the authority… Continue reading Dubai DIFC’s new IP regulations provide welcome clarity...
The following article was originally published for BSA on SME10X. Many industry sectors will be surprised to hear that the UAE has a well-developed legal framework for the protection of individual data subjects in respect of their health data and information. Despite this, health data is often misused in the UAE, and in some cases,… Continue reading How the UAE ITC Data Law impacts businesses...
BSA is proud to have been recognised by the India Business Law Journal’s 15th annual review, as a top foreign firm for India related work. The firm was included in the ‘Regional & Specialist’ category, where recognition was given to senior associate Anand Singh, who leads the firms India desk, and matters including the Gulf… Continue reading BSA named a top foreign firm for India related work...
Certain enhanced protections of debtors under the UAE Bankruptcy Law – Federal Law No. 9 of 2016 – which were previously put into place on an emergency basis in response to the Covid pandemic, have now expired. Debtors and creditors who have acted in reliance upon the enhanced provisions should now consider the proper steps… Continue reading Bankruptcy Update: ‘Emergency Financial Crisis’ Period Ends...
The rise in the number of companies facing severe financial distress is an unavoidable fact of today’s economic market. The underlying causes of this distress are several and include the unresolved debt overhang from the last debt crisis, the slash in petroleum prices that began in 2015, and of course, the devastating effects of the… Continue reading Avoiding Insolvency – the Role of Good Governance...
In the following series of articles, Barry Greenberg provides the reader with a comprehensive look at bankruptcy proceedings in the UAE, from beginning to end. The series consists of: Part 1: Procedures before filing bankruptcy Part 2: Suspension of the Debtors’ obligations in Bankruptcy Part 3: Bankruptcy: Settlement with creditors Procedures before filing bankruptcy The… Continue reading BSA Bankruptcy Series...
The following article was originally published for BSA by Arabian Business. The expatriate population of the UAE stands at 8.8 million, making up approximately 89 per cent of the total population. Previously, all residents who are not UAE or GCC nationals needed to have a sponsor for their residency, subject to renewal after a maximum… Continue reading Explained: The UAE Golden, Green and Freelance Visas...
This article explains the recent developments relating to UAE’s new ‘Data Law’, introduced as part of the country’s ‘Projects of the 50’ initiatives. The UAE is celebrating its golden jubilee (50 years as a unified nation), and the ‘Projects of the 50’ initiative is a series of social and economic development projects that the UAE… Continue reading UAE Project of the 50: New Data Law...
UAE Cabinet Decision No. 58 / 2020is to be implemented to regulate the minimum obligations of the corporate entities incorporated in the UAE mainland and in the non-financial free zones (each an “Entity”) by requiring disclosure at the initial incorporation/registration stage, and maintenance thereafter, of a “Register of Real Beneficiaries” and “Register of Partners or… Continue reading Brief on the new UAE Cabinet Decision No 58/2020 on the Regulation of the Procedures of Real Beneficiary...
For those busy insurance/reinsurance professionals out there, BSA have provided a snap-shot of last year’s UAE insurance laws and what to watch out for in 2021. The formal declaration of the outbreak of Coronavirus as a pandemic (Covid-19) on 11 March 2020 sent shockwaves around the world and the insurance industry has been hit hard.… Continue reading UAE Insurance Regulatory Round-up 2020...